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bwertz

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version one ventures is an early-stage fund investing in outstanding consumer internet, SaaS and mobile entrepreneurs throughout North-America

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versionone.vc 3y ago

Thinking through AI as the next platform opportunity

bwertz
1pts0
versionone.vc 3y ago

Resist the pressure to “outgrow” your intuition

bwertz
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versionone.vc 5y ago

Crypto marketplaces are marketplaces on steroids

bwertz
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versionone.vc 6y ago

The state of Covid-19 testing

bwertz
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versionone.vc 6y ago

Seven years into Fund I: charting the return multiples

bwertz
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versionone.vc 7y ago

Do distributed teams need new tools?

bwertz
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versionone.vc 7y ago

What Is a Managed Marketplace?

bwertz
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versionone.vc 7y ago

Where Is the Value in Tokens?

bwertz
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versionone.vc 7y ago

The increased risk profile of startups

bwertz
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versionone.vc 7y ago

So you just raised your seed round, now what?

bwertz
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versionone.vc 7y ago

Smart SaaS

bwertz
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versionone.vc 7y ago

Crypto-native applications

bwertz
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versionone.vc 7y ago

Scaling from maker to manager

bwertz
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versionone.vc 7y ago

A few take-aways from the Augur prediction market

bwertz
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versionone.vc 7y ago

Changing the narrative on distributed teams in Silicon Valley

bwertz
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versionone.vc 8y ago

Where are the opportunities for the next venture-scale marketplace business?

bwertz
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versionone.vc 8y ago

VCs rarely make exceptions to their investment scope

bwertz
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www.thetwentyminutevc.com 8y ago

Why Crypto Is the Biggest Disruptor to Hit VC in a Decade

bwertz
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versionone.vc 8y ago

Purity versus Greed in Crypto

bwertz
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versionone.vc 8y ago

The risks of scaling too fast, too soon

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versionone.vc 8y ago

What incentives are best for decentralized platforms?

bwertz
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versionone.vc 8y ago

Having the greatest impact requires believing when others don’t

bwertz
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versionone.vc 8y ago

Some quick reflections on the current tech M&A market

bwertz
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versionone.vc 8y ago

The Four Waves of Crypto Disruption

bwertz
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versionone.vc 8y ago

Data is the new oil

bwertz
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versionone.vc 8y ago

Three lessons from ten years of investing

bwertz
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versionone.vc 8y ago

Three rules for VC-entrepreneur engagement

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versionone.vc 8y ago

Why the Blockchain is so disruptive for venture capital

bwertz
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versionone.vc 9y ago

Please respect outstanding entrepreneurial achievements

bwertz
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continuations.com 9y ago

Thoughts on Regulating ICOs

bwertz
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I think you're saying the same thing.

Stripe, Twillio, etc. provide access to commodities.

The "API as a marketplace" concept postulates that there are situations in which the supply is differentiated and you care about with which supplier you get connected.

As we mention in the intro to the guide, we don't address product-market-fit questions in the handbook (or other things you need to figure out in the earliest stages of your company creation) - we are really focused on the time between seed and Series B and hiring is a key aspect of that phase.

Why do you think that? Compare it to the type of customers you attract at different stage of building a product: your first customers are always the most passionate, most valuable customers. As you broaden the customer base, you attract people that are way less into your product. Female founders are still a very small group, only the most passionate, most courageous, most talented ones are currently considering becoming entrepreneurs. Once being a female founder is the new normal, pitch to funding rates between males and females will be much closer again. Having said all that, this is just a theory based on anecdotal experience.

My (anecdotal) experience is that the success rate of female founders to convert a pitch to funding is significantly higher - might be due to the fact that only the most talented female founders have currently the courage to think about starting a company.

Agreed. Other very successful start-ups include: Wattpad, Frank & Oak, Indochino, Clio, Unbounce, Top Hat.

There are a few really successful companies here in Vancouver (Hootsuite, Clio, Unbounce, A Thinking Ape, Indochino), a healthy early-stage ecosystem (LaunchAcademy, GrowLab) and a great pool of developers and designers (that's why you have Facebook, Amazon, Microsoft and Apple all having development offices in town)

Agreed - just went through the list of product that pass the toothbrush test for me and Gmail is on top: Gmail, Google Search, Google Drive, Twitter, Facebook, Dropbox, Skype, Evernote, New York Times, Si.com. Commerce: Amazon, Frank & Oak.

Interesting data point that 50% of your products features are never been interacted with - I would assume that this is true for many products

I think analytics was referring more to the tools to capture analytics data, not the process of making sense of that data (which is definitely core!)

I would argue it needs to - marketing starts with thinking about how to communicate your product value to your customers and ends with strategies to keep them happy and around for as long as possible. A great product is the basis but if you don't spend time thinking about how to market your product, your company will most likely not scale

Great book - thanks for mentioning. Agree with you that there are multiple ways of locking in customers but the point of the post was rather that the web has changed the relative importance of the different barriers to entry. Most have decreased in their importance (among others lock-in effects) but the clear winner are demand-side economies of scale.