deploying belief capital @beliefholdings
San Francisco, CA
Joined May 2009
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excited to share the launch of belief capital and announce the close of our first fund!
belief is built to be a concentrated, incentive-aligned partner to founders from day one, because founders don’t get to take a portfolio approach to life.
grateful to the early support from LPs and friends -- onwards!
sifted.eu/articles/belief-ca…
he truly delivers once again, turning science-fiction into science-fact.
we're so lucky to witness the genius of @elonmusk in our lifetimes.
yes and no. all pro-rata is earned.
if you show early belief and you are the most helpful firm to the founder, you will often get your pro-rata and even more to be able to double and triple down.
It’s not a right, it’s earned and the founder chooses.
the pace of @microagi is dizzying 🥵 the sheer talent density + coupled with relentless execution is 1/1.
you'll hear a lot more from them, lucky to be a supporter with @beliefholdings
We went from 0 to $100M ARR in just 6 months after launching shift.
Also we hosted Europe’s first Physical AI summit to accelerate distirbution of robots.
And it still feels like day 0.
Onwards
Kevin Costa retweeted
Palmer Luckey’s Erebor surges to more than $7bn in deposits since launch ft.trib.al/nM9CSbn
The best founders don’t take a ‘portfolio approach’ to life, it’s one company, all-in. Their partners should be incentive aligned.
Belief is partnering with founders in the exact opposite way of what’s being described in the clip :)
Every seed investment is an option bet.
“You have to think about the venture portfolio as a bunch of options. Each seed investment is an option bet.
You are buying an option to see if it is an outlier, and you want to have enough of those to make sure you have an outlier.
When there is true quantitative evidence that it is going to be an outlier, then you position size up.” @venkyganesan
How do seed funds play in a world where mega funds are totally price insensitive and “option bets” is the mindset for seed checks @infoarbitrage @chudson @hunterwalk @honam @dunkhippo33 @jasonlk
odoo.com/blog/odoo-news-5/th…
Epic story, @fpodoo. Company is now valued at roughly $10B, with close to $1B of revenue and backed by investors like Sequoia.
24 years in, good things take time.
shipping pace @recast is something else 💨
We ported the government’s weather model (WRF) over to GPUs so it runs a magnitude faster and cheaper.
Here's a 250m resolution forecast of the fog is SF.
sf.recastsystems.com
PT is not AI-pilled enough. Ironic given his large personal investment in Anthropic.
The economic growth from AI and robotics will make this look like a non-issue.
@elonmusk is once again right.
Peter Thiel says the growing US budget deficit is going to push America to "socialist levels of taxation" or massive cuts to welfare:
"You have basically three choices":
1. Massively cut spending
2. Massively hike taxes
3. Keep kicking the can down the road
"For close to 20 years, the answer's been #3.
"Ever since the 2008 crisis, we've just been borrowing more and more money."
"My intuition is we're close to point where that ends, and then you're going to be pushed to a very non-centrist solution of either socialist levels of taxation or some really tough austerity measures."
Via Mathias Döpfner
Nico and @adjacent was our first glimpse of belief when we started.
The best partner!
Kevin – or rather his better half Aimée – killed it with this
@beliefholdings is the 1st solo GP @adjacent anchored
we met 5 years ago and co-invested 3 times since
belief's got some new looks! 🍊
mostly stealthy for the last year, but team cooked on a new website that expresses our worldview!
check it out: beliefcapital.co/
Kevin Costa retweeted
Totally agree, I think sometimes the view of great entrepreneurs is that they are Great and always have done Great Things in a Great Way but I find it motivating to see a really smart guy convincingly pitching a SoLoMo (is that what it was called) app haha
what a run.
the returns speak for themselves, munger & buffett are icons.
Breaking: Warren Buffett is stepping down as chairman of Berkshire Hathaway on.wsj.com/4iBwAaC
