How to get your first 1,000 users?

  • This is an inspiring post on how some of the biggest consumer apps acquired their earliest users.
  • Pinterest’s strategy was eye catching and shows real hustle – “We did all kinds of pretty desperate things, honestly. I used to walk by the Apple store on the way home. I’d go in and change all the computers to say Pinterest. Then just kind of stand in the back and be like, “Wow, this Pinterest thing, it’s really blowing up.”
  • Snippet Finance – While we are on this topic, I’d like to take this opportunity to thank our subscribers and hope you are enjoying the content. A lot of effort goes into curating and selecting only the most valuable snippets to inform and inspire. The best thing you can do to support the site is spread the word – each of you might have one person you know who could benefit, please do send them a link and tell them about it. Thank you in advance.

Biotech Venture Capital Investing

  • Despite the pandemic venture capital (VC) investing in biotech has been very strong.
  • In fact Q1 2020 saw the single highest quarter ever (since records).
  • It was also the highest average funding size per round at $32m.
  • Biotech VC activity tends to be a-cyclical when compared to other technology VC.
  • Under the surface the number of new biotech “first financings” continues to go down after peaking in Q1 2019. A worrying trend.

How to Invest in Start-ups

  • A really great article by Sam Altman.
  • An interesting perspective on how to invest in winners.
  • There is a lot of advice about how to be a good startup founder.  But there isn’t very much about how to be a good startup investor. Before going any further, I should point out that this is a particularly hard time to invest in startups—it’s easier right now to be a capital-taker than a capital-giver.”
  • h/t The Browser.
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