Michael Mignano

“When he told me he was building something new with Sam, it was like, doesn't even matter what you're building. Sure. We will invest.”

“The current fund generation we're investing out of is in the ballpark of about seven billion.”

“And we find that when somebody uses the product, it's incredibly sticky, right? Like the retention is insane. I've never seen retention like this before for a product, because each time you use it just becomes more and more valuable for you.”

“You know, Macroscope, a series A that I led a few months ago, we led that series A with a twenty-five million dollar check.”

“Some of these companies, you know, they're growing revenue so quickly that the rounds are happening in such quick succession. And oftentimes, if you're the seed investor and things are going kind of well, you might quickly do the series A. And then by the time…”

“Even in this environment, even at this pace, you know, investment, investing partners are still making the same amount of investments on average per year as a partner as we would a few years ago.”

“It's going to be easier and easier to execute on business, but I think the thing that will remain rare and special is creativity in business, right? Who is the person or company or set of people that is coming up with something really, really new and novel in …”

“The reality is all of the biggest markets were never as big as they were until the defining companies made them that way.”

“So I think when we first launched, it probably lasted two months. And then I think we spent, you know, a good six to eight months constantly trying to recreate it and bring it back and do these little things to get that spark back. And it never did.”

“And I think as a result, there's going to be sort of this vacuum of social experiences, true social experiences. And so I think if ever there was a time for a new startup to emerge, to create a great new groundbreaking social network or social experience, now …”

“I think Meta has just as good a chance as them or anyone else to displace them Over the next couple of years. So I think this battle sort of will be won over the next, let's call it, 24 months.”

“And so I'm excited about platforms That enable influencers or creators to take control over their entire their entire business and not be reliant on algorithms and advertising that comes out of those algorithms to get paid because as we've seen now, Meta can j…”

“The other thing I'll say is, and I think to your point, you know, there's a lot of talk about how web three, Will enable creators to increase their take rate because the platforms are, you know, the platforms are taking too much. I will be honest. I think this…”

“So I think it has to get unbundled and then rebundled again. Like I think one of these companies will successfully take a strong position in say video or audio editing, and they will never inevitably need to ladder up into a new, you know, leverage that streng…”

“So, so I wrote the same check size every single time, and the reason that I did this was You know, I think you can get into a trap of altering the check size based on your conviction, but the reality is like at this stage, the angel stage, they're all super ri…”

“I, in the early days of writing checks, I wasted my time and money on reviewing the legal docs. Like I would hire lawyers and get them to review it. And then I pretty quickly learned that like, these are all pretty standard docs. And as a tiny check writer, I …”

“I really wanted to invest in OpenSea early on. You know, this was sort of like right, right up my wheelhouse. You know, I naturally, you know, founding anchor, I'm a big believer in, in platforms that lower the friction to enable people to create and distribut…”

“So I actually, the reason I like OpenSea and NFTs is not because of what you just said. I am not long-term bullish on the social capital aspect of the NFTs. I'm more bullish on sort of the creator based use case of it.”