VCs need this kind of return in order to produce great funds.
Some gems from @MacConwell of @RarebreedVC in Clubhouse right now:
VCs need this kind of return in order to produce great funds.
Age doesn't matter. But just make sure no one is taking advantage of you. And as such, accelerators can help sometimes w that guidance.
Mac says he's been there and has heard that saltiness. But you're going to get a lot of nos. And you gain more leverage w more progress and traction. So just keeping going.
Mac recommends networking w the pitch organizers.
I'm not sure if it's clubhouse or my internet but I didn't quite catch any of this part.
their website!
Fwiw, I'm a (small) LP and highly recommend checking it out.
I missed most of the responses but I think the tl;Dr was that the founder should think about other travel mkts that are here - like road travel. And keep pitching!
Mac's go-to is honesty. He is direct and upfront w/ a founder. (And I concur!)
Not all vcs do this though.
More from Elizabeth Yin
Today's thread is on the affiliate business model. Many years ago, I used to be an affiliate marketer. If there is any way to get schooled in marketing, becoming an affiliate marketer is probably the best way.
What is affiliate marketing and why should you care?
Read on >>
1) Affiliate marketing is selling products or generating leads on behalf of other companies and getting paid a commission for those products.
2) Some notable examples you've seen before:
NerdWallet - you read their articles on best credit cards. You click on a link to one of those cards. You fill out an application. They get paid for delivering that lead to the cc company.
3) In https://t.co/kSfWS69ybp - same thing. Any of their financial products -- you fill out an application, and https://t.co/mCrBT43mOj gets paid for that.
But the affiliate revenue model applies beyond financial services products.
4) Wirecutter -- you see a neat product they review or talk about. You click through and buy.
Wirecutter gets a cut of that transaction.
What is affiliate marketing and why should you care?
Read on >>
1) Affiliate marketing is selling products or generating leads on behalf of other companies and getting paid a commission for those products.
2) Some notable examples you've seen before:
NerdWallet - you read their articles on best credit cards. You click on a link to one of those cards. You fill out an application. They get paid for delivering that lead to the cc company.
3) In https://t.co/kSfWS69ybp - same thing. Any of their financial products -- you fill out an application, and https://t.co/mCrBT43mOj gets paid for that.
But the affiliate revenue model applies beyond financial services products.
4) Wirecutter -- you see a neat product they review or talk about. You click through and buy.
Wirecutter gets a cut of that transaction.
More from Internet
Many conversations happening on #WhatsApp (WA) groups about new #WhatsAppPrivacyPolicy .
This thread has arguments to help ditch WA & move to @signalapp:
https://t.co/En4fe9VxUN
Share, use, copy-paste, modify with understanding as you deem fit on any platform in whole or part
1/n
Note: No affiliations, conflict of interest
Info presented with NO bias, prejudice, malice or indemnity.
Open to corrections: individual tweets may be deleted, tweets added to thread or corrected as replies.
Points that are unclear or uncertain are marked with "(?)".
2/n
CONTENT OF WA MESSAGES SHALL REMAIN ENCRYPTED END TO END.
BUT, there's data: contacts, group affiliations, co-affiliations, locations (live?), frequency of contacts, *tags* generated when we send or forward a message or file to contacts or groups, links, clicks on links, etc.
3/n
It is unclear whether this data is anonymized.
NOTHING in latest policy *prevents* the collection, retention, sharing or sale by FaceBook (FB: owner of WA) of this data in part or whole whether with identifying information or anonymized.
Meme source:
https://t.co/nMDTUlb0rl
4/n
Companies need to make money & generate profits:
To create software, install & maintain infrastructure.
Google, FB, Insta, Amazon etc sell data created from our content & data generated from our interactions (searches, clicks, purchases etc).
This makes many uncomfortable.
5/n
This thread has arguments to help ditch WA & move to @signalapp:
https://t.co/En4fe9VxUN
Share, use, copy-paste, modify with understanding as you deem fit on any platform in whole or part
1/n
Note: No affiliations, conflict of interest
Info presented with NO bias, prejudice, malice or indemnity.
Open to corrections: individual tweets may be deleted, tweets added to thread or corrected as replies.
Points that are unclear or uncertain are marked with "(?)".
2/n
CONTENT OF WA MESSAGES SHALL REMAIN ENCRYPTED END TO END.
BUT, there's data: contacts, group affiliations, co-affiliations, locations (live?), frequency of contacts, *tags* generated when we send or forward a message or file to contacts or groups, links, clicks on links, etc.
3/n
It is unclear whether this data is anonymized.
NOTHING in latest policy *prevents* the collection, retention, sharing or sale by FaceBook (FB: owner of WA) of this data in part or whole whether with identifying information or anonymized.
Meme source:
https://t.co/nMDTUlb0rl
4/n

Now that #WhatsApp have updated their terms, forcing users to share their data with #Facebook, here's our suggested update to that notification you see at the top of your chats.#WhatsappNewPolicy #WhatsappPrivacy pic.twitter.com/FjxFGBm6Q8
— Privacy International (@privacyint) January 7, 2021
Companies need to make money & generate profits:
To create software, install & maintain infrastructure.
Google, FB, Insta, Amazon etc sell data created from our content & data generated from our interactions (searches, clicks, purchases etc).
This makes many uncomfortable.
5/n