Earlier quoted context omitted.
Survivorship bias.
What? That's literally the point. Why would you want to imitate startups that don't survive?
[deleted]
What I Learned Reading 1k Investor Reports
31–40 of 40 posts
Re: What I Learned Reading 1k Investor Reports
#32Earlier quoted context omitted.
Survivorship bias.
What? That's literally the point. Why would you want to imitate startups that don't survive?
What if their reports all said the same things?
Or more to the point of survivorship bias, what if there were things in the failed reports you could learn to address.
Re: What I Learned Reading 1k Investor Reports
#33Why is notion the tool all the cool kids seems to like for this stuff? (Serious question)
You can send a text email. But that’s not “professional” enough because it’s not about the text, it’s about presenting it. So you can make a portal (ie: website behind auth) where you investors login to view their investors dashboard and update it regularly. But that’s a lot of work and you barely have anyone in your “tech startup” that can setup such a thing. Notion helps here because you can add all the gadgets you…
you can’t make revisions to an email
Re: What I Learned Reading 1k Investor Reports
#34My favorite lines here:
"I’ve got a 25 year operating background. Shit goes wrong all the time. I’m concerned if you don’t have any lows."
This is a helpful reminder that this is normal...
Re: What I Learned Reading 1k Investor Reports
#35Why is notion the tool all the cool kids seems to like for this stuff? (Serious question)
I really like Notion and use it for many scenario. However, I'd be very careful of not having your own format and/of the content that you should be able to walk out without much pain. I have heard of some people who have moved bag and baggage to Notion to even replace the likes of Dropbox and Google Drive. I'd be extra careful of being so tied to something you can't switch easily or walk out to another platform/tool.…
Notion has pretty extensive export options and the relatively new API is another way to get your data out.
Do you have any concerns with either of these options? Genuine question - one reason I chose Notion was the ability to get my data out if I needed to.
I agree that Notion isn’t and shouldn’t be used as a replacement for Dropbox or other file sync services.
Re: What I Learned Reading 1k Investor Reports
#36Earlier quoted context omitted.
Survivorship bias.
What? That's literally the point. Why would you want to imitate startups that don't survive?
Survivorship bias is taking positive outcomes from existing sources without considering all the failures that went through similar processes but have nothing to show for it. Survivorship bias underscores exactly why imitating successful people/companies may not be in the best interest of the imitator.
Many startups likely downplay financials and instead focus on future innovation in their statements...that makes sense...but from an investor perspective if you are years into development and still not seeing financials that are consistent, that is a huge red flag.
Re: What I Learned Reading 1k Investor Reports
#37As a former sole founder, and engineer at start ups, i find the candidness, communication, and seeking of advice the most useful ingredients for success. Sharing the highs boats morale, sharing the lows shows humility and an interest in searching for alternatives.
Re: What I Learned Reading 1k Investor Reports
#38Earlier quoted context omitted.
I really like Notion and use it for many scenario. However, I'd be very careful of not having your own format and/of the content that you should be able to walk out without much pain. I have heard of some people who have moved bag and baggage to Notion to even replace the likes of Dropbox and Google Drive. I'd be extra careful of being so tied to something you can't switch easily or walk out to another platform/tool.…
Notion has pretty extensive export options and the relatively new API is another way to get your data out. Do you have any concerns with either of these options? Genuine question - one reason I chose Notion was the ability to get my data out if I needed to. I agree that Notion isn’t and shouldn’t be used as a replacement for Dropbox or other file sync services.
The ease with which data can be extracted is subject to change. It changed negatively with Evernote when they limited at 50 the number of notes that could be exported at once. This made it very hard to do for any reasonably-sized database. Fortunately there was a workaround which involved editing a config file but this was likely not something an average non-technical user would discover or be comfortable doing.
Re: What I Learned Reading 1k Investor Reports
#39But this has no actual learning. How do you know that founders who share updates with everyone on the cap table are more successful from getting investment reports ?
Re: What I Learned Reading 1k Investor Reports
#40read early amazon shareholder reports. contain none of these. the leaders that matter talk about the product 5-8 years from the time of writing. what differentiates a CEO from a leader
A public company is a little different