Storytelling for your Series A, with Initialized Partner Andrew Lee

Hi everyone. The vlog today is a little different, since I asked my friend and colleague Andrew Lee to sit down with me and talk through some of the advice we give very frequently to our founders. This isn’t intended to be a comprehensive guide, but most everything we discuss here is stuff that comes up as a part of our experience working with hundreds of startups at Initialized.

Transcript below

The advice that I’m going to give is just a truism that you already know, but it reminds me of the good Buddhist mantra: 

When the student is ready, the teacher will appear.

Hi, my name is Andrew Lee. I’m a partner at Initialized Capital. I’m going to talk to you about follow on fundraising. That means you’ve already raised, for example a seed round and you’re going to raise your next round. Let me go ahead and dive

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Nikola Tesla predicted the smartphone: Now the world is forming into a global brain

Today, we’re gonna talk about the global brain.

Imagine every single person on the planet, all seven and a half billion people. In the past 10 years, something remarkable has happened. Five billion of those people now have phones. Suddenly nearly every person on the planet can talk to everyone else instantly. 

Let’s put this into perspective. In 1860, it took 10 days for mail to travel from St. Louis to Sacramento by Pony Express, two times faster than the next best alternative. As awesome as the Pony Express was, it was put out of business in two days, by the advent of the intercontinental telegraph, October 24th, 1861. There were a lot of sad horses and riders that day. Ponies have difficulty keeping up with the speed of light. 

The world used to be a really huge place, and now, we’ve brought it together, it’s much smaller.

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Working for Microsoft cost me $200 million

Hey everyone, new vlog for this morning. I was in Seattle last week and it made me nostalgic. When I lived there, I made a career decision that cost me a lot, so I wanted to share it with you with the hope you can make different mistakes than me. 

Watch on YouTube—

Transcript below

My name’s Garry Tan, I’m a Venture Capitalist. I started off as an engineer, a designer, a product manager. If you’re new to this channel, I’m here to teach you all the things that I learned the hard way, starting with the most painful lesson, which cost me $200 million. 

I’d just graduated in 2003, and my friends were starting a company with Peter Thiel. They flew me down to have dinner with Peter. 

It was about the time Peter wrote the $500,000 check to Facebook that made him a billionaire. He

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