Packy McCormick

23 statements across 1 episodes · 3 bullish · 5 bearish · 1 people on the record · first statement Dec 3, 2021 by Packy McCormick · said 5 times in 4 episodes since 2021 · across every show →

On the record as a speaker too: Packy McCormick's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by David Rosenthal (2), Ben Gilbert (2), Mario Gabriele (1)

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2022 3 mentions in 3 episodes 1 per episode
2021 2 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Packy McCormick, oldest first

Dec 3, 2021
Disclosure
McCormick: Not Boring Capital never led a round across 91 investments
“Did you lead a single round? Did you write any term sheets? Were you the biggest check in any one of those 91 investments? Never. And that's all part of the strategy, right?”
Packy McCormick Dec 3, 2021 ▶ 1:59:00 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021
Assertion Supported
McCormick: Startup where I worked sold for $3M after raising $120M
“I was an employee, not a founder. At a startup that sold for three million dollars after raising a hundred twenty million dollars.”
Packy McCormick Dec 3, 2021 ▶ 1:33:33 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
Disclosure
McCormick details the scope of his advisory role with a16z Crypto
“The advisory there is like, you know, working with some of the companies in their portfolio to think about how they tell their story, writing pieces. Like I wrote with Chris in the economists, like they'll introduce me to companies, you know, that they've inve…”
Packy McCormick Dec 3, 2021 ▶ 2:29:07 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021
Disclosure
McCormick: I bought 38 Bitcoin at $100 and sold at $150
“I bought Bitcoin at a hundred, sold it at one 50.”
Packy McCormick Dec 3, 2021 ▶ 24:00 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 positive
Insight
McCormick: Running a venture fund scales better than writing sponsored newsletters
“It does scale a lot better to run a venture fund than to show up every week and get a sponsor and then write, write an essay.”
Packy McCormick Dec 3, 2021 ▶ 1:56:17 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
Prediction Not checkable as stated
McCormick: A tech bear market will lead to attacks on my optimism
“I think when the market turns and when we enter a bit of a bear market and in tech and web three, like it will be really easy to throw stones at me. Like I am unabashedly optimistic about all of this and like things are going to turn on. I'm going to like, you…”
Packy McCormick Dec 3, 2021 ▶ 1:20:09 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
Insight
McCormick: Winning founder allocation depends on if they are already active readers
“I don't think it's gotten, you know, any easier convincing founders to give me allocation at 50,000 readers or 88,000 readers. Like if they're a reader, then they kind of get it. And if they're not, then You know, they don't on the sponsorship side. It's diffe…”
Packy McCormick Dec 3, 2021 ▶ 2:38:09 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021
Disclosure
McCormick: Not Boring Capital Fund I was $9.99 million
“9.99 million dollars.”
Packy McCormick Dec 3, 2021 ▶ 2:05:55 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 bullish
Prediction Held up
McCormick predicts Not Boring will cross $1M in revenue in 2021
“And I have a few pieces kind of coming up, and so I think chances are we're going to just kind of cross a million dollars in 2021.”
Packy McCormick Dec 3, 2021 ▶ 1:37:25 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
Assertion Supported
McCormick: Wrote roughly one million words for Not Boring in 18 months
“It's been probably close to a million words in a year and a half at this point.”
Packy McCormick Dec 3, 2021 ▶ 13:04 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
Assertion Supported
McCormick: Ramp raised at $1.1B and $1.6B valuations in one deal
“It was ramp. And like they're kind of double unicorn round when they raised at a 1.1 billion dollar valuation and a 1.6 billion dollar valuation in the same transaction.”
Packy McCormick Dec 3, 2021 ▶ 1:28:50 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 negative
Insight
McCormick: Playing an online persona makes creator work unsustainably difficult
“If you're not yourself, it's not like a be true to yourself kind of thing. It's like, you're going to have a miserable experience because all of your interactions are going to be other people wanting to interact with this persona, or if I were writing from a d…”
Packy McCormick Dec 3, 2021 ▶ 51:47 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 negative
Insight
McCormick: Independent creator-investors lose value when joining traditional venture firms
“As soon as I go in-house somewhere, Like I lose half of my value or, you know, X percent of my value as soon as I go in-house somewhere. And that is kind of one, even though, you know, I do do sponsored posts and all of that, there is like this independent voi…”
Packy McCormick Dec 3, 2021 ▶ 2:49:09 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021
Disclosure
McCormick: I made 91 investments in Not Boring Capital Fund 1
“Fund when I did fund when I did 91 91 investments and not all of them have investment memos.”
Packy McCormick Dec 3, 2021 ▶ 1:56:59 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 positive
Assertion Not checkable as stated
McCormick: Substack is completely free for Not Boring's ad-supported model
“The most beautiful part about sub stack is because they've taken such a strong stand for subscriptions and against advertising. No one on their team has ever even reached out to me. And so I paid zero dollars for my main platform because they want to pretend l…”
Packy McCormick Dec 3, 2021 ▶ 1:16:38 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
Assertion Supported
McCormick: Not Boring reached 105,000 Twitter followers and 88,000 newsletter subscribers
“I'm like, you know, a 105 or something on Twitter and 88 in the newsletter.”
Packy McCormick Dec 3, 2021 ▶ 1:39:13 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 bearish
Insight
McCormick: Not Boring has severe key-person risk and momentum slows without me
“If I get hit by a bus, like not boring is just done. And that's like the extreme example and the example that everybody uses when they talk about one person things, but that means that like every week, if I don't show up and write something, the momentum slows…”
Packy McCormick Dec 3, 2021 ▶ 2:14:41 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 bearish
Disclosure
McCormick: I will not raise outside venture capital for Not Boring
“I think I don't want to raise money because then I'd have bosses and I don't think I'd get a valuation that I'd be happy to sell part of myself for.”
Packy McCormick Dec 3, 2021 ▶ 2:40:17 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 negative
Disclosure
McCormick: Becoming a full-time VC partner would never be attractive
“I've had that other conversation with funds, too, where it's like, hey, you want to come work and, you know, be a full-time partner at this fund? And no, like, we've talked for the past couple of hours about how much fun I'm having doing this particular thing,…”
Packy McCormick Dec 3, 2021 ▶ 2:31:45 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021
Disclosure
McCormick: Not Boring Fund II would potentially target $25M to $30M
“And fund two, were it to exist would potentially be in the 25 to thirty million dollar range.”
Packy McCormick Dec 3, 2021 ▶ 2:06:06 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
What-if
McCormick: I likely would have written a positive sponsored post on Theranos
“One of the tests that I always run for myself, and I probably actually would have failed this test, is if Theranos had come to me on a sponsored post, you know, however many years ago, chances are, frankly, I would have written something positive on Theranos b…”
Packy McCormick Dec 3, 2021 ▶ 1:23:18 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021 neutral
Assertion Not checkable as stated
McCormick: I was the largest Uber Rush consumer worldwide during Breather's expansion
“We actually, I was the largest consumer of Uber rush messengers in the world for a while.”
Packy McCormick Dec 3, 2021 ▶ 33:20 Not Boring (with Packy McCormick) - Extended Cut · Acquired
Dec 3, 2021
Disclosure
McCormick: Not Boring Capital does less diligence than most co-investors
“I wrote in both the public and private memo that like I'm doing probably less diligence than most people on a specific company than most people who are investing in a company will.”
Packy McCormick Dec 3, 2021 ▶ 2:00:05 Not Boring (with Packy McCormick) - Extended Cut · Acquired
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