The Ledger
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Mazzeo: Y Combinator shares detailed background notes on investors with founders
“I think one of the fantastic things about YC and what Paul and Sam have built is that they, ah, they expose entrepreneurs to more information than ever before. That's not just the deal making terms. That's background on the investors that they're getting into …”
Mazzeo: Cheap capital has muddled follow-on funding as a startup success signal
“Follow on funding is something that today because of the fundraising environment and cheap and cheap access to capital, You're seeing perhaps a little too much exuberance in terms of like the fall on financing. So that, that signal has gotten a little bit mudd…”
Mazzeo: Venture Capital Firms Can No Longer Rely Solely On Sand Hill Road
“I don't think the VC of today can hang behind a Sand Hill Road address anymore, and pretend like that brand will become, or maintain its supremacy In this ecosystem.”
Mazzeo: Chris Sacca walked away from tens of millions over 'icky' deals
“Watched him walk away from tens of millions of dollars repeatedly because he didn't feel right about, and it felt icky to him in that investment. Actually, that's the only, like, that's the only red flag no black ball that we have is if an investment makes us …”
Mazzeo: Venture capital is shifting toward public personality and thought leadership
“Increasingly, I think we're seeing, we've been talking a little bit about this, Harry, like that shift in venture towards being more of a personality and expressing yourself and not being you know, a wilting lily and sort of going out there. And being more fro…”
Mazzeo: Product Hunt Is a Critical Ecosystem for Seed VC
“Product Hunt is a community I've been a huge supporter of, like you, and sort of it's a, it's an ecosystem that I love, and it turned out to be a really important one for early stage venture, because that's where you find a bunch of really interesting companie…”
Mazzeo: Andreessen Horowitz modeled its VC platform team on CAA
“As you've seen firms build out and scale up, And hire a lot of people to sort of better help, largely based on the CAA model in Andreessen's case to better help service clients by surrounding them with experts in hiring and marketing and distribution and busin…”
Mazzeo: Lowercase will build software to source portfolio beta testers
“What you're going to see us try to do over the next few years is build out scalable versions of that, that help, help portfolio companies from like, how do we get a first few thousand beta testers on our platform playing with a product prior to release?”
Mazzeo: Venture capital is a lonely career built on defending non-consensus deals
“This career is the venture career, even if you're part of a partnership, can be a lonely one. You're often standing out on a ledge defending investments when people still think they're crazy, and often the best ones are and you sort of have to defend that”
Mazzeo: Lowercase Capital evaluates pro-rata follow-ons as brand new deals
“Mob Crush, live streaming, mobile games. We did the seed there, but we followed on into another round of funding. We treat all of those following and pro rata opportunities. As a, as separate investments in, in terms of our thinking of whether to do them or no…”
Mazzeo in 2016: Interactive live streaming integrated with mobile games will explode
“I think people really underestimate layering video content in context around games and apps, and I think of those mobile games that people spend so much time in as the formats of the future, and so we really don't think about them as, like, as a format, but it…”
Mazzeo: Lowercase's best deal flow comes from portfolio and passed founders
“That's where we see most of our high profile, our most successful deal flow comes from the existing portfolio and entrepreneurs that even entrepreneurs that we pass on that that send us deals.”
Mazzeo: Lowercase launched text-based beta testing platform Lowercase Alpha
“The product called lowercase apple, which is just a text message group that anybody can subscribe to, and get products every week or two. That are still in early test flight mode that are generally alphas or betas of products.”