Joe Thomas, co-founder and CEO of Loom, explains how founders can repurpose internal narrative documentation such as weekly notes and board letters across recruiting and investor relations.
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“You can take a weekly CEO note and share it with a VIP candidate to give a true lens into how you think and what's going on in the company. You can share a letter to the board with the broader investor base to get help with the key issue. When you do long-form writing, it has long-term value.”
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More from Joe Thomas
AssertionNot checkable as stated
Thomas: Remote-first policy was essential for hiring Loom's leadership team
“Six of our 11 members of our leadership team, which is VPs or directors, are remote, and five of six of those would not be at Loom if we didn't have remote first as part of our DNA as a company.”
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Disclosure
Point Nine issued Loom a seed term sheet after one 45-minute call
“Our seed round that was co-led by .9 Capital, Christoph and the .9 team, Had a ton of conviction around Loom after only meeting one of the co-founders, Shahid, and after 1:45 minute conversation, they put a term sheet on the table, and we ended up working toge…”
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Disclosure
Loom raised Series A from Kleiner after Index rejected their seed
“Now, we ended up fundraising from Ilya, who had moved over to Kleiner at that point from Index, but we were worried, even though he individually had a ton of conviction about Loom, we weren't able to get the seed round done with Index, and so there was no guar…”
Joe ThomasAug 7, 2020▶ 25:3820VC: Loom Founder Joe Thomas on Whether To Take Multi-Stage Money at Seed, How Early Stage Founders Should Select Their VC, How Sequoia Won The Loom Deal & The 3 Rules To Operate Remote Teams Successfully
“Co-leads are tough because there isn't the clear incentive for one individual to kind of like be that, that guiding hand and be super involved.”
Joe ThomasAug 7, 2020▶ 29:3320VC: Loom Founder Joe Thomas on Whether To Take Multi-Stage Money at Seed, How Early Stage Founders Should Select Their VC, How Sequoia Won The Loom Deal & The 3 Rules To Operate Remote Teams Successfully
AssertionSupported
Loom holds a patent for instantaneous video rendering technology
“The most important thing, and this is Vinay's technical wizardry that we now have a patent on, is that he was able to make videos render instantaneously, which was the most important component of building a day-to-day communication tool.”
Joe ThomasAug 7, 2020▶ 6:3420VC: Loom Founder Joe Thomas on Whether To Take Multi-Stage Money at Seed, How Early Stage Founders Should Select Their VC, How Sequoia Won The Loom Deal & The 3 Rules To Operate Remote Teams Successfully
Insight
Thomas: The best board members ask questions instead of mandating solutions
“I've found that the best board members just very simply ask the best questions. They obviously have opinions about where it is that the company should go. But they don't mandate solutions. They don't mandate their thinking because the thing is that founders an…”
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