Lon Harris (@Lons) | teapawt

Lon Harris retweeted

This Week in Startups

According to Sam Lessin, about 1% of Slow Ventures’ bets turn out to be fraud. His take: if your seed portfolio has no fraud whatsoever, you’re probably not being creative enough. Jason, Sam, and fellow VC roundtable experts Paige Doherty and Jenny Fielding argue that diligence has to scale with the check. If you’re giving out $25K or $100K, you don’t have the time or funds for deep diligence. But if you’re writing a $100M check, you can’t afford to skip it. Hear the panel discuss when a little diligence is good enough and what went wrong with Theranos, FTX, and other infamous disasters on TWiST 2353. @jason, @lessin, @paigefinnn, @jefielding, @slow, @behind_genius, @EverywhereVC, @Lons 0:00 Our new “This Week in VC” newsletter 2:57 Panel intro: Sam Lessin, Paige Doherty, Jenny Fielding 8:51 Why gambling loses appeal for VCs 11:44 Plaud: If your work depends on conversations - interviews, meetings, calls - you need a Plaud NotePin S. You can check it out at plaud.ai/twist and use code TWIST for 10% off! 17:00 DigitalOcean - Head to do.co/twist to start building on DigitalOcean's AI-Native Cloud today - and cut your AI workload costs by up to 50% 18:17 Best moments from “You Can See Everything” 22:24 Unreliable narrators and unknowable situations 25:23 Living in a post-truth moment 30:44 Due diligence horror stories 33:27 Odoo: The all-in-one business platform. Your first app is free! Get started today at odoo.com/twist 35:32 The VCs remember their fraud investments 39:21 How LAUNCH trains founders to prep for diligence 45:13 How Elizabeth Holmes kept raising money 55:36 Would you invest in an Elizabeth Holmes company? 58:09 Thanks to our partners at Rippling! Head to rippling.ai/twist and get the only AI built to give you full visibility across your startup and take complex actions across your entire business. 1:03:10 Why seed funds need pro rata rights 1:09:44 When “founder friendly” means rolling over 1:17:07 The three investor relationships: team, founders, LPs 1:21:44 ElevenLabs “Archer” voice controversy 1:27:58 How NIL deals reshaped college sports 1:34:36 Cameo for Business and long-tail celeb endorsements 1:36:33 Portfolio company shoutouts 🎥 Watch the full episode here 👇

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Lon Harris retweeted

Hiring two business writers in Austin; you’ll learn a lot about VC as well DM @Lons

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Loved the movie but Billy Evans is a classic Guy I Wish I Didn't Have to Know About Who Is Famous Forever Now.

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YOU CAN SEE EVERYTHING is so captivating, I think, because it's about a shared experience we don't discuss much: the frustration of living in a post-truth world. Narratives and takes replaced any sense of shared reality, yet we still have to muddle through and make decisions!

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It joins "On Cinema" and "The Righteous Gemstones" as, I feel, the best American pop culture so far to confront this specific feeling. Are we all entitled to our own reality? What if you have an argument with someone who can't or won't ever concede an error? Do you give up?

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Jason and I are gonna dig into it on today's @twistartups at 12 pm CT but I'm gonna be thinking about it for a long time. Especially Liz Holmes not understanding "Who's On First?" That's gonna really plague me.

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Is there a Republican running in this election on anything OTHER THAN transphobia and/or Islamophobia? Maybe I'm just in Texas now but... I'm not really seeing it? Is it happening?

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I would sum up Ken Paxton's message to me, a Texan, as "Pick me or drag queens will tackle you and put you in a frilly dress against your will" and that's just really not one of my main kitchen table issues.

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I guess Israeli voters have long had this kind of control over the US government and its foreign policy, but it's crazy to hear the President just come out and say it plainly.

Politics & Poll Tracker 📡

@PollTracker2024Oct 18

President Trump endorses Israeli Prime Minister Benjamin Netanyahu for re-election.

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@factpostnewsOct 16

Vance: The president has a lot of authority because, the reality is, who's gonna stop him?

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Make fun all you like, but America definitely has at least one single-issue voter for this specific issue and Trump now has their vote for LIFE.

Trump: "We're allowed to have big strong handsome soldiers now"

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I would honestly watch an entire presidential debate on the topic: "Do America's soldiers need to be more handsome?"

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I saw a robotaxi do this trying to park at Ego's the other night but just assumed it was a mistake

@elonmuskOct 16

Turns out the future does have flying cars

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Seeing a lot of "there's no way this is going to be included in the street legal version of this car," and I say, why not. Texting while piloting a electric TIE Fighter can't be that much less safe than an F-150, and these Texas guys are already doing that every day.

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This BACKROOMS sequel looks terrible.

Callista Gingrich

@CallyGingrichOct 15

Pleased to welcome Ambassador Barbera Thornhill, U.S. Ambassador-at-Large to Monitor and Combat Trafficking in Persons, to the U.S. Embassy in Bern. 🇺🇸🇨🇭

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He should attack people with dogs with bees in their mouth, and when they bark, they shoot bees at you.

@NextBestPictureOct 15

What do you think of the trailer for THE BEEKEEPER 2 starring Jason Statham? In theaters on January 15th xitter.cf/RegalMovies/status/211…

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Want to check out the new Substack I'm building every day? For FREE?

I asked my team to curate 250 "tactical & practical" newsletters a year, based on all the amazing growth hacking happening these days. It's $100 a year right now, but when we get to 100 subscribers, it will jump to $250 a year. The goal is to have full-time folks vet this content for our portfolio founders and subscribers. If you're bootstrapped right now and can't afford it, please reply back "bootstrapped" and I will have the team send you a free subscription.

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Lon Harris retweeted

Replying to @twistartups

Paid partnership: quote tweet this and get $4.20 on X Money 😂😂😂

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