The Forward Thinking Newsletter is turning into a daily newsletter, going into all things in early stage startups and tech news. You can see yesterdays’s edition here. Today’s and tomorrow’s will be free for anyone to read. Then starting on Monday, only paid subscribers will get these daily emails or have access to the daily newsletter. Free email subscribers will get one email a week, paid subscribers will get daily emails, on M-F.
Want to stay updated on the early stage startup industry? Subscribe for $10/mo.
Eric Ries Launches a New Stock Exchange
The LTSE officially launched yesterday, as shared on Twitter by Eric Ries, the CEO. The high level concept behind the Long Term Stock Exchange is that public companies should have incentives to think longer term about their companies, not just on a quarterly basis, like companies listed on other exchanges. According to a blog post written by Eric, LTSE has been in the making for 9 years. Congrats, Eric!
Bessemer Venture Partners Unveils Shopify Investment Memo
Bessemer Venture Partners unveiled the investment memo for Shopify, a company they invested in, from October 10th 2010. It ultimately allows you to take a look back in history on how VCs think, when they were spot on. This matters because as Gary Tan says, “history doesn’t repeat itself, but it does rhyme.” There are tons of learning by digging through this relic of history. I encourage any founder or investor take a look.
The Athletic Hits 1M Subscribers
The Athletic, which is a subscription sports media company, has hit the coveted 1M paid subscriber number. This is significant for many reasons. First off, they were able to accomplish this during a pandemic with no sports for 5 months. Second, it shows how the subscription media model is here to stay, and it works very well when executed on properly. Congrats to the team at The Athletic for this monumental milestone.
Mercury Launches a Fundraising Product
Mercury, which is a bank that caters to startups, launches a fundraising tool to help founders get in touch with investors they may not already have access to. The CEO of Mercury, Immad Akhund, is a well connected angel and founder in the SF area, so the the investing network here is strong. This new product coming out of Mercury is a fantastic opportunity for any founder to get on the radar of the some of the top VCs and angels in the game, like a16z or Ryan Hoover.
Dorm Room Fund Launches Remote Applications
The Dorm Room Fund is looking for student partners from all over the US to join their investment team. Due to COVID, this opportunity that was previously reserved for schools like Stanford and Harvard, is now is eligible for any student from any school to apply. As a reminder, DRF is funded by First Round Capital. It’s a fund for students to invest capital into other students. Apply today!
Ryan Graves Is Building!
Ryan Tweeted some info about a product he is working on called Potluck. Potluck lets you create simple, powerful task lists for teams. This is significant because Ryan Graves was the first employee at Uber, and served on its board of directors until 2019. He has proven to build giant companies before, and although I have no idea if Potluck is intended to be a venture scale product, it’s always interesting to see what Ryan is working on.
Thanks for reading today’s newsletter!!
The Forward Thinking Newsletter is turning into a daily newsletter, going into all things in early stage startups and tech. You can see yesterdays’s edition here. Today’s and tomorrow’s will be free for anyone to read. Then starting on Monday, only paid subscribers will get these daily emails or have access to the daily newsletter.
Free email subscribers will get 1 email a week, paid subscribers will get 5 emails, on M-F. Want to stay updated on the early stage startup industry? Subscribe for $10/mo.