Couldn’t have paid an army of publicists to come up with a crazier opener than this.
Was fun doing my first full length podcast in 4 years.
Separately, this doubles as my official announcement for SF1 Fund I. $10m to back founders at the earliest stage. We’re in business!
slice (@slice_fund)
There's a moment in venture when the gravity flips, the investor stops chasing deals and the deals start chasing the investor. Suds is already there. VCs send him their best founders not purely out of goodwill, but because they can't unsee the pattern that every week there's a hot Series A, and every week it seems to be one of his. It's likely that Suds has already found next year's breakout, and before it has a name.
@ItzSuds is the founder and GP of SF1, writing the first check into hyper-technical founders. He's placed the groundwork as a former founder, angel investor of eighty companies, where 65 of his first 80 angel checks were first money in, all before he turned 25. A South Carolina kid with eight thousand Twitter followers a year ago, is now the name VCs drop when they want to sound early.
We get into the SF1 flywheel, where founders he backed at the first round introduce him to the friends raising next, so he's in at the early price on the round he'll later help run. And we get into the parts of venture he won't perform.
SF1 Fund I companies have raised > $450M in follow-on capital from top tier funds in 13 months. The performance is the one part of this he never bothered to learn.
Video
— https://nitter.net/slice_fund/status/2069821313498366438#m