Packy McCormick, founder of Not Boring Capital, explains how he relies on founder intuition rather than writing formal memos.
Prediction Not checkable as stated
McCormick: Most fast-growing AI software startups will flatten and fail to IPO
“By choosing to, like, not play in this space, I'm definitely missing a trillion dollar company or two, but I think for the most part, like, I think there's gonna be, like, a lot of these types of things happening, or even, like, these types of curves, where th…”
Prediction Not checkable as stated
McCormick: AI will become 'super SaaS' rather than godlike AGI
“I called it super sass in, in that like 20, 25 prediction. And I think it is like, I think it's really amazing and like in no way godlike. And it's just like, I feel like I'm being psyopped whenever people are like, oh my God, this is like, this is, this chang…”
Assertion Supported
McCormick: Fuse recruited the former number two Iranian nuclear scientist
“The number of two, kind of, nuclear scientists in, in Iran who came over here to, kind of, work on, on our side here, and then just, like, everybody that I met who was, like, you know, working on the machines, like top to bottom, just like an unbelievably cool…”
Insight
McCormick: Literary nonfiction and deep journalism are best for early-stage underwriting
“That, like, Jim Simons at Rentac versus, like, Robert Carroll, like, who would be a better earlier stage, early stage investor? And I think it's actually, like, Robert Carroll. Like, I think, like, literary nonfiction done really, really well, or journalism do…”
Opinion
McCormick: YC 'Request for Startups' Prompts Rarely Lead to Great Companies
“Like when YC puts out the request for startups, I'm like, I can't imagine that anything good is going to be built against these categories starting now because you've read the YC request for startups.”
Assertion Partly supported
McCormick: Anduril's early round was crowded at a $100M valuation
“But that, like, early story that, like, nobody wanted to touch it was actually, like, a pretty crowded round at a hundred million dollar valuation.”