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Travis Kalanick (quoted by a16z) says he bets on 'soulmate' ideas you immediately…

Brief

Travis Kalanick, quoted in an a16z post, says investable ideas feel like 'soulmates' you instantly recognize and often come from complex, outwardly unsexy opportunities others don't yet understand. The post also relays ATOMS' $1.7B equity raise led by a16z, Ben Horowitz joining the board, and a merger of Atoms' businesses into one equity entity.

Why it matters

Travis Kalanick (quoted by a16z) says he bets on 'soulmate' ideas you immediately recognize, prefers complexity and opportunities that are 'not sexy on the surface,' and looks for cases where 'you don't see what I see, and I'm pretty sure I'm right.'

Key details

  • ATOMS announced a $1.7B equity investment led by a16z, with Ben Horowitz joining the board and Atoms merging its various businesses into a single Atoms equity vehicle (announcement linked from Travis Kalanick's post).
Cleaned source text

Travis Kalanick on what makes an idea worth betting on:

"Sometimes you have ideas. Sometimes ideas come to you. But if it's meant to be your soulmate, you know it when you see it."

"Complexity is interesting to me. Things that are not sexy on the surface is also weirdly interesting."

"Especially if you can see that it's sexy but people don't understand yet."

"That's where the sparkle in your eye, you kinda go, 'You don't see what I see, and I'm pretty sure I'm right'. And that's the fun part."

@travisk @bhorowitz @eriktorenberg

Video

travis kalanick (@travisk)

Article

a16z. Unfinished Business.

Today, ATOMS is announcing a $1.7B equity investment with lead investor a16z and Ben Horowitz joining the board. As part of this investment we have merged our various businesses into one Atoms equity

— https://nitter.net/travisk/status/2079997954363117844#m