Bensu.eth @BenArendi
Building market-defining transaction tech @CapitaHQ - starting with the venture deals. Toronto, Ontario Joined February 2016-
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What happened to the @cartainc scandal that broke out in Jan 2024? What was the conclusion?
Founders: "raising capital is taking a lot away my time from building the company" Tired of the fundraising hassles? Endless back-&-forth of Emails, PDFs, and paperworks, and the soft commits that are taking a long time to convert (or never converted)? Use Capita.
Downside of building tech in Canada: dealing with the whole taxpayer-funded “innovation welfare state”. Many decisions that can influence resource/opportunity allocation to startups are handpicked by the gov careerists, instead of the free market. Oh well. Gotta grind harder as a…
Every time you ask the user click you lose half of them. (AKA why tutorials, splash screens, and lengthy signup flows are a bad idea) If you’ve been building apps for a long time and have seen the results of a lot of A/B tests, you quickly realize that people are a flighty…
Will the shortage of AI chips continue? 🥲 Hear from Raymond Chik, the co-founder of Untether AI, the maker of advanced AI chips and who raised $125 million USD in Series B. Untether is backed by CPPIB, GM Ventures, Intel Capital, Radical Ventures, and Tracker Capital. Access…
My mechanical engineer father: a machine that is built for everything is good for nothing.
Move faster. Slowness anywhere justifies slowness everywhere. 2021 instead of 2022. This week instead of next week. Today instead of tomorrow. Moving fast compounds so much more than people realize.
God (or Jerome Powell) please keep the rates higher for longer… the euphoric irrational beliefs (as a result of 0% cost of capital in the past decade) are not completely eliminated yet.
It’s easy to make things difficult, difficult to make things simple.
Goal: uniquely offer something that someone is desperate for. Broken down in the way my brain works to hopefully help yours 🧵
Correlation is not always equal to causation. Reasoning based on first principles is critical to see thru the bs the world feeds us.
Canadian Angel networks & startup founders: leverage the new Self-Certified Investor Exemption to expand your capital access pool. Yes, the law is very restrictive on who can invest in early-stage startups. Here is a new policy that can help you expand access to capital pool.…
What is the Cold Start Problem? The founding story of @SlackHQ - acquired by @salesforce for $27.7 billion. The Cold Start Problem refers to the challenges associated with acquiring users from zero. You built a product, you have zero users, what do you do? How do you solve…
Highlights from SEC v Ripple Labs US District Court SDNY upheld the Howey test as the one-and-only authority in determining what is (not) a security that could potentially trigger s.5 of the Securities Act of 1934. These are the following main findings by the court (amongst…
🤯 Everyone has a plan until they get punched in the mouth
🤯 Everyone has a plan until they get punched in the mouth
Ryan Shankman @RyanShankm48618
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"ask yourself, who do you feel that you'd want to start spending the last day of your life with? and then figure out a way to start meeting them tomorrow and meet them as often as you can. because why wait until the last day? and don't bother with the others." → cofounder goals
You never forget the people who underestimated you.
Incentives drive all human behavior. When you reward protesters who violate universities' codes of conduct and the law, you will get more protests and more bad behavior in the future. Northwestern Cuts Deal with Encampment Organizers, Establishes Full-Ride Scholarship for…
after 20+ years of startup debates - my simple view: the #1 thing that makes a productive startup ecosystem happen: success. commercial success drives community success, not the other way around meetups, gov't $, accelerators, regulation, real-estate, studios, taxes,…
@amishrarohit @RBC Well…hack is that the startup starts a Shopify store and lists products that equate to people’s investments. T+3 😁
Founders: "raising capital is taking a lot away my time from building the company" Tired of the fundraising hassles? Endless back-&-forth of Emails, PDFs, and paperworks, and the soft commits that are taking a long time to convert (or never converted)? Use Capita.
medieval studies profs startup investors 🤝 talking about moats
63 years ago today yuri gagarin became the first human to fly in space this signed gagarin photo is a keepsake of mine. it reminds me of how far we’ve come and how much more of space is out there to explore
The Secret Question: "Have you found an opportunity that others missed?" Thiel says great founders build on top of true secrets that no one else realizes yet. If everyone tells you your idea is good then it probably isn't or it will attract competitors.
"Whether the training and output of AI platforms is a copyright infringement will likely depend on the upcoming decisions of cases like New York Times Co. v. Microsoft Corp. and Thomson Reuters v. ROSS Intelligence."
"Whether the training and output of AI platforms is a copyright infringement will likely depend on the upcoming decisions of cases like New York Times Co. v. Microsoft Corp. and Thomson Reuters v. ROSS Intelligence."
so great to see @garrytan irl. garry was one of my s15 yc group partners and i learned a ton of startup wisdom from him. yc founders are lucky to have garry at the helm!
saying no a lot and staying focused is how you get to product market fit
Can’t believe I have to say this: If you are a seed stage startup, do not hire a McKinsey consultant.
I find the media’s takes on SpaceX’s achievement utterly outrageous. It’s straight out of Ayn Rand novels. What is the game here? Usually incentives explain these things but there isn’t even a follow the money type motive that I can detect? It’s just tribalism? nihilism?
@socialcapital Oh okay well keep us updated on that