Packy McCormick reflects on his pre-pandemic venture concept, the Not Boring Club, which aimed to combine Soho House with college extracurricular clubs.
“I mean, today, what not boring club would have been is really a Dow probably with physical locations. I think actually that model works really well for what I was trying to do at the time.”
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More from Packy McCormick
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…”
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…”
McCormick: Opendoor stock will outperform rivals due to its iBuying lead
“I think that Opendoor is gonna do the best. I think they have the biggest lead in, in iBuying, and I think that's a huge, huge opportunity Particularly because they have the best company value in all of the world, which is bips for breakfast.”
Packy McCormickMay 12, 2022▶ 20:52Arena Show Part I: Idea Dinner + YC Continuity · Acquired
PredictionHeld 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.”
McCormick: 80% of DAOs will fail, but the top 20% outperform corporations
“I think Eight out of 10 DAOs might totally fail because they have like kind of that leadership issue or like who is the final decision maker issue. But I think those other two are going to do things that like you might not have ever thought to do with a tradit…”
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?”
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