Jake Zeller
@jake_zeller
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Following
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Reinventing venture capital
San Francisco
Joined June 2014
1/ Applications are now open for Powerset Cohort 3, where top founders get their own $1M+ fund for angel investing. Like past cohorts, investment experience is not required, and founders have no administrative obligations.
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To put it bluntly: seed valuations remain high while markup rates are historically low. Unless this changes, VCs are just incinerating capital.
Our '24 State of U.S. Early-Stage Venture & Startups report is LIVE. Explore conclusive insights, like: - Seed valuations hit '22 peak, from $10M (’20) to $20M ('24) - DPI-to-TVPI ratio dropped from 16% ('19) to 11% ('24) - New AngelList Fund Benchmarks Take a look.👇
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@davidu @celinehalioua With a fixed post-money valuation, raising more capital implies your company is worth less before the investment. This makes zero sense.
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RT @LeeJacobs: This program is special and @jake_zeller knows how to support the worlds best angel investors
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RT @travismcpeak: This is a great opportunity for technical founders that want to get more into investing. I am part of cohort 1 and I can’…
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I wouldn’t advise founders to do this QSBS is intended to be limited to $10M per security The practice of spreading your shares across several entities (called “peanut buttering”) to multiply that limit is likely contributing to the end of QSBS for everyone
4 - Before a Series B, think about multiplying QSBS QSBS lets shareholders pay no taxes on $10M, but the limit applies per shareholder You could "multiply" your QSBS limit to $30M, $40M or $50M by either gifting shares to family Or setting up trusts that pay their own taxes
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Can loan officers be replaced with AI? Our portfolio company Pylon is partnering with Citibank to find out.
We’re excited to introduce entirely new programmatic mortgage infrastructure alongside our collaboration with @citi. Citi also made a minority strategic investment in @pylonlending. More below ↓
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RT @swaaanson: It’s frustrating when you send an investor update with asks and most investors just ghost you. Jake and I are building agen…
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At Powerset we’re building the tools we wish we had as founders. Too often founders send investor updates with asks, only to be met with silence. We’re fixing this by building agents that turn asks into results (e.g., customer intros, recruiting). We’re hiring two full-stack product engineers to lead development of software tools our agents will use. You’ll work directly with our co-founder @swaaanson, founder of two unicorns: Thumbtack and Athena. We’re open to full-time or part-time. My email is jake@powerset.co
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An artist’s brushstrokes and a programmer’s keystrokes are the most leveraged forms of expression. Only a solo artist or programmer can build tens of billions in market value, permissionlessly.
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RT @immad: 1/ MERCURY PERSONAL is finally here! Get all the power of Mercury — now for your personal account. Up to 5.00% APY savings*, $…
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