offtotheraces

sorry should be fixed now!

A tool to map your network - for fundraising, sales, partnerships, etc - to get intros to people. Cold email is dying as it gets so much cheaper and easier to send emails with AI and automation, so human connection is going to skyrocket in importance.

Would love feedback - in open alpha:

www.draftboard.com

…says the Hamas-run health ministry.

Nothing to see here, no conflicts of interest.

Let’s trust the people who kidnapped babies and raped and pillaged their way across southern israel.

A tool to map warm intro paths to people in your extended network (ie 2nd degree). For finding paths to VCs, sales prospects, candidates, etc. Would love any feedback! www.draftboard.com

Given the negative votes I guess my attempt at humor fell flat :)

App Store has been a cesspool of liars and thieves, criminals and sadists for years, from Phil Schiller to Bill Havlicek and many, many more.

Loans get issued based on profit generation (or asset value), so no, it is not “to keep them afloat”. You can’t get a loan if your company is not doing well or too risky (that’s why startups raise equity - because they are still too risky for someone to lend them money).

A loan is a form of debt, which is one of the two main forms of capital - the other main one being equity. Debt is less expensive than equity, so companies prefer to issue to raise capital via debt than equity.

It’s funny that Molly (a VC) ascribes so much power to VCs that they can literally create bank runs on their own.

No.

VCs don’t make decisions on where a company keeps its cash; the founder/CEO does. And founders freaked the f-ck out. Let’s make sure to remember that founders had 100% agency in the decisions they made about their cash.

Here’s a selection of comments in the Whatsapp founders group Im in - all founders, no VCs:

Thursday 3/8 (36 hours before FDIC takeover):

“I'd consider moving to one of the too big to fail banks..”

“I agree the risk is higher then we thought before, I'm in SVB, with 4% - and looking to understand where to go now.”

“It's a numbers game - if a lot of people do what I do at the moment - it will fall.....”

“Does someone have a contact at Chase for B2B SaaS customers? I'm thinking it's wise to already have an account open there in case it will seem like we need to move off SVB.”

“Let's say we want to open a Chase account and move company funds?”

“for those that have their money in SVB and do not have another company bank account - what are the immediate options?”

“If there is a risk of a bank run, why not take the money out”

“Basically our whatsapp group creates bank runs now... power to the founders?”

“we just moved 85% of our money out”

“I just pulled ours”

It’s not surprising a VC would think she has more power than she actually has, but she also clearly has no idea about the wildfire that was spreading among founders themselves. Founders don’t give a sh-t about what their investors think (generally) - founders make the decisions they think are best because they have the most to lose (or win) from being wrong (or right). And they are much, much, much more likely to trust their fellow founders than their VCs.

He has also become a very quiet mega philanthropist- he doesn’t publicize his giving but it’s on a huge scale

I’ve had this business idea for years but I would be torn apart in todays world if I tried to launch it:

Build an ML model trained on actual images of women’s breasts and bras that are verified to fit them well. Once the core model is built a separate, a smaller size on-device model is built to be the model users actually interact with. A user submits an image of breasts and is told right away which bras in which sizes would be the best for them. Photos containing faces would be blocked from being uploaded. No photos would leave the device unless a user opted in to do so in order to help improve the model.

Monetization is straightforward: affiliate fees for directing users to buy bras at retailers, plus sponsored placements in search results at some point.

Biggest concern is how to come up with the initial data set, but I’m fairly certain there’s a solution there.

Am I crazy or is this as obvious as it seems to me? ThirdLove sucks, as do calculators like this.