Chapter One
@chapterone
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Chapter One is the early-stage venture fund for product-driven companies.
Joined October 2016
Last week 🔥. 1. Maven ( $20M Series A with @a16z. 2. Pipe ( became fastest fintech in history to reach $2B valuation. 3. Spot ( $5M seed led by @kleinerperkins. 4. Metafy ( $5.5M seed.
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Building shit on a Friday night with a little bit of wine. Feels good.
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Excited to release the new @ChapterOne site today. Designed by @tywilkins. "If the others heard me talking out loud they would think that I am crazy. But since I am not, I do not care.".-Ernest Hemingway.
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Bought a domain yesterday that we were negotiating for 3 years. Someone get me a drink.
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Product Club applications include:. 🎙 17 voice apps.❤️ 14 dating apps . Consumer is very back.
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Chapter One co-investors after 10 deals:. 1. @craft_ventures .2. @slow.3. @foundersfund .4. @BoxGroup (2 deals in last two weeks).5. @gcvp .6. Floodgate.7. @ForerunnerVC .8. @tuskventures . Seed investing is more exciting than ever right now.
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Selling all our startup equity to buy a Zoom & Peloton membership. Sorry founders.
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We're so excited to be hosting FarHack at Farcon at our HQ in Santa Monica, CA 🫡. May 3 - 5. RSVP: @farcaster_xyz. Drop a link to your FC profile in the comments if you're hacking.
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Announcing another LA investment this week. Starting to lose track of “good companies in LA” because the list is getting bigger every week. This city just keeps winning.
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Best of luck to all the YC companies hustling on a Sunday to get ready for demo day. Spoke to a few this weekend and it’s inspiring to see your energy. Enjoy the moment and take some time to reflect on everything you have accomplished this batch. -@jmj.
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Congrats to Lyft on an amazing day. One of the most endearing brands ever built in consumer tech. The first IPO for Chapter One.
The Lyft IPO is an amazing underdog story that makes me proud to work in the tech industry. In 2012, I was working at a small startup. John Zimmer & Logan Green stopped by our office to tell us about their ridesharing service. They brought us donuts & coupons. $24B company.
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If you are building a D2C brand: study this.
Away is owning the door-to-door travel experience, not the destination. 👩✈️At this time, make sure your seat backs and tray tables are in their full upright position as we prepare for takeoff. We’ll be flying through @Away’s content, product, messaging, and brand positioning 🧳🛫
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The rumors are true. We have a new domain: Medium story and Techcrunch article coming soon.
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Looking for a Summer Associate (internship) to help me source and evaluate companies. Message me if you're interested. -@jmj.
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As part of 2018 planning, we're asking our investors to be more involved with our investment focus. We'll invest in:. 1. Mobile apps with interesting revenue models. 2. Cryptocurrencies + companies who build tools that make this world more accessible. 3. Subscription businesses.
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Chapter One newsletter is coming out tomorrow. We will share a story of failure in technology and the lasting impact it has on investors, founders, and employees. Subscribe here:
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Congrats @trylolli on an incredible seed round led by @foundersfund with @craft_ventures, @aplusk, @ChapterOne. * Earn free Bitcoin when you shop online.* 750 merchants (Postmates, Nike, Expedia, Everlane, etc.).* Easiest way to start owning BTC .
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The @pipe team created a marketplace that treats recurring revenue contracts as assets. One of the most exciting startups in the industry right now.
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🚨Oops….we’re doin' it again!🚨. Looking at the quality of content our first 10 researchers produced, the fun we had, and the opportunities gained, we can’t wait to welcome the 2nd cohort for another exciting 10 weeks of learning, writing & meme-ing together. Details below!.
12 weeks ago, @chapterone launched the first cohort of the web3 university research program. How'd it go?. 10 students wrote 27 deep dives covering a variety of web3 topics (see thread below) and landed internships at @Uniswap, @ironfishcrypto, @stelolabs, @Molecule_dao, etc.
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Chapter One is 7 deals into Fund One. We made a list of co-investors in our deals so far. 1. @craft_ventures (#1 with 3 deals).2. @slow.3. @foundersfund .4. Floodgate.5. @tuskventures .6. @ForerunnerVC .7. Greenoaks . Being on cap tables with these people makes life fun.
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🌴 Had our first Product Mentor day with @joshelman today. We spoke about creating a vision for your product:. * When pitching your vision, identify your customer & be very specific. * In a marketplace, own one category & earn the right to expand. Amazing way to end the week.
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False rumor: Jeff Bezos did not step down to become a GP at Chapter One.
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Founder traits we look for:. 1. Curiosity .2. Humility .3. Self awareness .4. Competitiveness .5. Domain expertise. What would you include?.
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Weekends are for building. This is your time. What are you working on today?.
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🌎 We searched all over the world and got to know 11 of blockchain’s most curious students. *Drumroll. *. Today, we are excited to announce them as cohort #2 of the Spring '23 Chapter One Research Program!.
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Public Goods has been a great company for awhile. But they have truly risen to the occasion the past month. They have delivered hand sanitizer, toilet paper & home essentials to countless homes through the United States. Highly recommend. -@jmj .
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Big release for @italic today. Imagine having access to the best luxury good factories in the world, without the markups. That's Italic. They just released the Cadence Leather Sneakers (from the same manufacturer as Church's, Kenzo, & Barbour).
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Saying “proud to be an investor” doesn’t do this story justice. So proud to support the @CatchBenefits team. @CatchKristen is amazing.
A year ago today, we were almost out of money. We had a consulting client who owed us ~$450k, but was trying to negotiate down on the amount, despite work being fully delivered in September. Then, "the holidays" hit. 1/.
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Updates from Chapter One: .- 10 investments in 2018. - Focusing primarily on crypto assets. - Won a deal that we've been chasing for 12 months. Amazing to close a deal after a long pursuit.
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It's a wrap! 🥳. 12 weeks ago, we launched cohort #2 of our web3 research program. The students wrote 30 deep dives covering different web3 verticals (see 🧵 below) and supported our portfolio companies @cartridge_gg, @Bond_Protocol, @daylight, @silta_fi & @wonderverse_xyz.
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Data on the blockchain is convoluted. Full stop. Coherent, led by @carlcortright, @eunseochoii, and @orange_juicetin, is creating the "Plaid of Crypto" through powerful APIs that unlock highly contextual user data for everyone. Read more about how they're changing the game 👇
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What a time last night! . Thanks to everyone who came to wine and dine with us and @BoysClubCrypto 🍷. 10/10 would do again.
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450+ teams applied to Product Club from around the world. There is definitely room for “another accelerator” right now. Think we’re onto something 🌴.
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Best breakdown of @Superhuman we've read. Product strengths to study:. 1. Community as a Moat: one of the most loyal communities. 2. Speed of Execution: rapid iteration to perfect tiny details. 3. Virality: 180k waitlist. Onboarding call w/ every user.
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Everyone is invited. Especially if you love one of the following. 1. Product 📱.2. Investing 📈.3. Palm trees 🌴.
Wow. Just joined @jmj’s Product Club group on @chalk_app. There are 480 people in there already. That’s scale.
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Highlights from yesterday’s @farcaster_xyz meet up with @dwr and team🫡. Thanks everyone for coming out to our HQ for good conversation, and good vibes. We’re excited to keep bringing communities together via more Santa Monica meet ups coming soon.
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Today is the last day to submit Product Club applications 🌴. RT this if you want to help us find 3 companies that will create amazing products.
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Go @gaby_goldberg 💯.
.@gaby_goldberg: 21.🔸 Interned under VC Jeff Morris Jr. at @ChapterOne.🔸 Currently an analyst @BessemerVP and has already sourced Pager .
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More data on Product Club applications:. 👟 28 Health & Fitness apps.💵 20 Fintech apps . Maybe distribution is more important than product after all 🤷♂️.
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We built our venture fund like a software company. Took us 2 years to automate almost every manual process & we are there. We obsess over this so we can spend more time supporting founders.
Chapter One is a full-stack fund investing in companies that empower people to own their time, money, and ideas. They’ve put more thought into their stack than most firms, enabling the team to operate efficiently across geos and timezones.
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Very few people in Silicon Valley have talked about Popmenu. That’s about to change.
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Congrats @misfitsmarket. Now a 🦄.
Discount grocery startup Misfits Market raises $200M by @anthonyha.
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The very first Chapter One vest. Thanks @kennykamada for the gift. I guess we are official now 🙌🏼
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Clay is the best personal CRM we have used — and we’re also investors. Been waiting for this product for a long time.
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LA! We are so excited to join forces with our frens at @BoysClubCrypto for our first hang-out sesh!. Please join us on 11/10 at 7:30 pm for a really. good. time.
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Our entire marketing strategy will be to build products that we ship to the community. Some will be open source. Others will be paid. We didn't have to hire a CMO or a creative agency to figure that out.
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Exciting milestone this week: the Chapter One spv has invested over $1,000,000 in startups this year. Thanks for all the support! -@jmj.
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1/ Authentication is mission-critical infrastructure. And in 2022, we invested in an incredible team building a product making it easy for developers to create wallet-based login, onboarding, and authentication flows. We’re talking about: @dynamic_xyz.
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New logo, who dis? . Thank you @tywilkins for the beautiful design work. You are truly one of the best in the industry. More coming soon.
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This article with AirPods predictions written in 2016 is absolute 🔥.
On September 8th, 2016 Apple AirPods were announced and @Forbes features my article:. “Apple's AirPods Mark The Rise Of Intelligent Headphones”. The article generated 1000s of responses, mostly criticism they would even sell a few 1000. Interesting times.
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Chapter One has become one of the top syndicates with investors from Facebook, Google, Square, and almost every major tech company. We have 3 deals in the next few weeks - invite only. If you believe you can add value to our companies, please apply.
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Our last investment of 2017 will be released soon. - Hidden gem that is changing a massive industry. - CEO is an A+ creative mind with insanely cool vision. - *Not* a Silicon Valley company + would have never been built in the Bay Area. Thanks @RyanMorris55 for the intro.
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Slide into the DMs.
Almost every smart investor I know has a list of “company ideas” they would love to fund on their phone. I know the common belief is that founders should develop their own ideas, but many examples prove this wrong. If you’re serious about building a company & need ideas, DM me.
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We love building well-designed products that make lots of money. So we decided to own revenue. cc: @Taylor_Nieman & @JoinToucan.
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One of my favorite co-investors in the world @briannekimmel interviewed by @HarryStebbings on @twentyminutevc. Two amazing people and a great conversation. Thanks for the @ChapterOne shout out — love working with you both. -@jmj .
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gm, all!. At Chapter One, we pride ourselves on building a best-in-class Founder Experience.
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🚨New deal coming soon🚨 . Really cool direct to consumer e-commerce brand with amazing early traction. You’ll want to invest or buy their products. Probably both.
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Wallet-based auth is confusing and complex. Dynamic, led by @turbahn and @yoni_goldberg, is making this experience seamless in a magical multichain way. We're hyped that @dynamic_xyz has raised $7.5M in seed funding including @chapterone!. Let's dive into the closed beta launch👇
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The original CEO and CTO.
might start referring to my parents as my co-founders.
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Excited to be an investor in Wander & @DavFields. * Any real estate developer can now be a wireless internet service provider.* $25/month high speed wireless .* Currently available in Los Angeles .
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1. Cartridge is launching a starter pack for everyone and we have put together a demo on how you can claim a free player NFT and create a @cartridge_gg Controller on @StarkWareLtd at the same time in a few clicks!
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🚀Join Our Team at Chapter One! 🚀. We are looking to fill two exciting roles within our team. Details below!.
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We're seeing amazing deal flow in December. Contrary to others, we don't believe that seed funding should slow down. When other people are distracted, you should focus on finding great companies and invest. -@jmj.
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Playing with custom @RoamResearch CSS templates on a Saturday afternoon. I swear I have a life.
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Almost every company in the @ChapterOne portfolio is hiring. You can now get a direct referral from @jmj to any role. Check out the list of portfolio companies & feel free to submit a request to be introduced. Thanks @viabyondeck for building this.
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Proud to be a @ro investor. Building the fastest growing telemedicine platform in the world and solving some of the most personal health challenges. Congrats on the @hellorory launch.
Rory is launching for women between the ages of 45 and 65 who are seeking care, community, and knowledge around menopause. It’s the first telemedicine platform to target women in midlife. @ro continues to fulfill its mission in telehealth 🚀
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Friday night grind begins. Who else is out there doing work tonight?.
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Locker Room is doing a live deep dive on the Warriors with Jarron Collins (assistant coach) right now. Product is so well designed & the pure sports focus creates amazing conversations.
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“I buy @BookCameo videos for everything. Including when my friends blow it on their first dates.”. -text message I just received.
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Congrats to @dpteran and the entire @ManagedbyQ team on the big news. They have built an incredible company that will continue to grow at WeWork. Proud investor.
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Why we invested in @turingcom.
The incredibly high cost of living, power of FB/Google/etc, and a few cultural issues (e.g., short tenure for people at most jobs), have finally become a counterbalance to the bay area’s incredibly strong network effects.
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The story of Chapter One: . * Started the fund about a year ago. * Our fund has invested in 12 deals (9 of the deals with our private spv). * We're going to pass $1 million in syndicate backing per deal very soon! . Onto the next page.
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Proud to say that 50% of Chapter One spv investments are companies led by female CEO's. We invest in the best & that's all we care about.
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Future of work explained. Proud to be an investor in @turingcom 🌎.
Why Remote work is taking off:. 1 As S/w eats the world, there is a growing Talent shortage in SV. Not enough local supply. 2 Unaffordable Bay Area housing. 3 Remote talent has great retention. 4 Slack, github, Asana, trello etc make Remote easy. 5 FaceTime/VC works now. 🌎👩💻👨💻.
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Apple went from “behind on AI” to owning AI after a keynote. How? They were "patient to release". In doing so, other AI products found PMF on a small scale. Apple waited patiently, saw what was working, and built their own versions - while owning distribution. What's new?
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Chapter One hasn't made any investments this year. I've instead focused on evaluating new markets and meeting new entrepreneurs outside the obvious places. That said, we have a few deals in the works that will be worth the wait. More news on that soon. -@jmj.
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Join the Chapter One syndicate to get access to private deals. We have some exciting news soon for our co-investors. That’s all we can say for now 🤭. -@jmj .
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If you manage people, this product is going to make your life much better. That’s all.
If you are a manager, you've probably had someone cry in your office at least once. The human side of management is incredibly important. We're sharing more about what we are building at Riverin. Take a look and sign up for the beta waitlist:
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Chapter One has two deals closing this week & we're taking over the AngelList homepage. Never busier but the hard work is paying off. -@jmj
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Terminal ( just publicly launched Github for Web3. Backed by @coinbase, @DCGco, @DistributedG, @ChapterOne. Amazing team & becoming the developer hub built for decentralized apps. Congrats to @harris0nhines and @terminaldotco.
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Congrats to @JackLipstone - an incredible partner to many founders @chapterone 🔥. One of the hardest working investors you will meet & a great teammate. Founders love working with Jack.
I am thrilled to have been chosen as the youngest honoree for the @Forbes @ForbesUnder30 Venture Capital, Class of 2024! #ForbesUnder30
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We had 10 wonderful speakers to learn about all the things it takes to find your way in crypto. Thank you again to all our guests!. @varunshenoy_.@yb_effect.@DeanEigenmann.@hosseeb.@gaby_goldberg.@spencernoon.@_Dave__White_.@seanxthielen.@_yangyou.@avichal.@ljxie.@dennnnnnnnny.
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