I've never shared this before, but now feels like the right time.
When we raised our $25 million Series A, we had two term sheets.
The @a16z terms were actually more expensive. We went with them anyway.
The reason was @joeschmidtiv.
@joeschmidtiv is not just a venture
99% of founders do not have the one skill that will change the trajectory of their business.
Storytelling. Founders today are unable to tell compelling stories. It is a crime.
How do you tell a compelling story? It is a combination of art and science.
1. Art.
You need to
A big part of why it’s so hard to be a good founder at something you’re not deeply interested in and passionate about is how much you have to do and say the same things over and over again