The availability of computers by themselves doesn’t alter the need for teachers to teach students basic skills and content, nor does it change the need for students to study, practice and learn those skills and content. In fact, having computers in schools serves as a distraction rather than an aid.
Less “paid marketing when you should be building word of mouth and virality.”
Less “salaries when you should be building a culture and vision that pulls the best talent towards you with generous equity compensation instead of cash.”
Our seed fund Homebrew celebrated its first birthday yesterday, meaning we’re still in diapers but walking tall. I’ve written before about our fundraising process and how it very much resembles that of a startup. Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. We brief our major investors quarterly and decided to model our LP meeting after what “big funds” do, albeit with a few Homebrew flourishes 🙂 Logistically this meant an afternoon session with presentations/Q&A then a dinner with founders/advisors. Here’s what we covered – it’s a bit inside baseball but just as with the funding post linked above, we think exposing the mechanics of venture can help entrepreneurs and future investors (plus, we learn a lot from any resulting discussions). As a reminder, our $35m Fund I has the overwhelming majority of capital from four…
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