As head of marketing at Gusto I shifted us from "growth at all costs" to profitable growth. ARR grew 100x in 4 yrs while CAC <12 mos. Now every company is asked to do the same. I shared how we did it in a recent talk to Y Combinator & Sequoia Capital founders. Here's the summary:

1002 emails, 47+ applications, 6 newsletters, and 8 months later, here's what it's really like raising a venture capital firm in 2022 with a market map of the LP landscape. Share like, tag and retweet folks! medium.com/@sssnuru/a-dee… Thanks INCLUDED VC Ethan Mollick Del Johnson

IT software spend by segment (as of 2022) - Application Dev & Deployment: $172bn (+17% yoy) - System infrastructure: $180bn (+13% yoy) - Application: $369bn (+13% yoy)

What investors first paid for @Figma, which @adobe buying for ~$40.20 per share: $0.088: danny rimer/Index Ventures, Semil, Jacobsen/OATV A $0.199: John Lilly/Greylock Partners B $0.332: Mamoon Hamid/Kleiner Perkins C $1.098: Andrew Reed/Sequoia Capital D $4.619: Peter Levine/a16z

A crossover of my two fave topics 😂

My latest newsletter lists the single best business book for 40 industries including: — "The Prize" (Oil) — "The Box" (Containers) — "Hard Landing" (Airlines) — "More Money than God" (Hedge funds) — "The World for Sales" (Commodity trading) Check it out: trungphan.substack.com/p/the-best-bus…

Wow, truly a thrilling documentary. Would really recommend a watch esp if you’re into the crossover of FinTech, true crime and politics!

Generative AI will play a key role in the future of content creation. In the last few months progress in the field went into hyper speed We've assembled some of the best resources to get up to speed on the space…

Consumer Fintech ARPUs range from around: $10 (P2P payments, BNPL) ...to $280 (neobanks) ...to $850 (crypto exchanges) Helpful numbers to keep in mind as a founder or investor to understand how many users you need to build a business!

With Accel, we did a deep dive into one of Europe's top startup "founder factories": unicorns. You can find the report itself on Dealroom.co / reports. Will share more links soon

It's time for our 2022 Best Books list 📚! Olivia Moore and I each read 100+ books this year. We're sharing our favorites, starting with 10 non-fiction picks ⬇️

Excited to attend the Modern Data Summit organised by Modern Data Stack! Can't wait to connect with data industry leaders and learn about the latest trends and innovations in the field! moderndatastack.xyz/summit #moderndatastack23

Stripe 2022 numbers per The Information: - Gross revenue: $14.3B, 27% YoY - Net revenue: $3.2B, 25% YoY - Net revenue minus fraud losses: $2.8B, 18% YoY - Net revenue from non-payments products: $280M theinformation.com/articles/insid…

OpenAI just launched GPT-4. It leaves ChatGPT in the dust. Here's everything you need to know:

Everyone is talking about OpenAI, Microsoft and Stability as a huge AI player. But there is one company that arguable the best positioned in the space, and they dont even have an LLM offering yet. Apple has the potential to shift the entire AI landscape, here's how:

All you need to know about LLMs: • Overview • Using LLMs in LangChain • Using open-sourced LLMs • Chat Model • How do we embed text? Save this ↓

There’s a new infrastructure stack emerging for generative AI — excited to share Cowboy Ventures's market map and a few categories Amanda_robs & I are excited about ... [🧵 thread] link.medium.com/07w0P3E40zb

Munger’s Principles

Nice map from Felicis breaking down the opportunity for AI agents in different markets AI agents are going after human services/labor

Preliminary BFCM stats from two of my favorite Digitally Native Vertical Payment Processors (DNVPs): Adyen: $34B TPV, 670M transactions, peak 163K trnx/min, 99.9999% uptime, peak 25K+ requests/sec Stripe: $26B+ TPV, peak 93K trnx/min, 99.999% uptime, peak 27K+ requests/sec