Michael (@caumike) header
Michael (@caumike) profile picture

Seasoned Entrepreneur, Founder, Investor & Y-Combinator, Fedtech, NSF-I Corp Alum | 30+ Yrs Leading Tech Innovation & Driving Business Growth

New York, NY
Joined March 2011
Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)Photo by Michael (@caumike)
Beautiful day for the #NYSIS25 in Rochester. Presenting with the Downstate Q Boys at 2:30 in the Cascade room.
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It’s been a while since we had a good tech caper, so allow me to tell you the story of the Microsoft database engineer who foiled what might have been one of the worst cyberattacks in history. nytimes.com/2024/04/03/techn…
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This is actually founder friendly and long term aligned to most favorable outcomes for founders. Take the win 🙌
A $3M seed out of the gate or even after pre-seed with some traction is going to be very far and between in this market for some time. The new reality is $500K - $750K pre-seed followed by $1.5M - $2M seed.
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Hard conversation with a founder who is selling his startup for parts. This is a company that the founder has been working on for 9 years! Spent most of the call reassuring him that the investors are not upset / angry and that the founder was exemplary despite the disappointing outcome. Sigh.
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OpenAI and ChatGPT seem like an overnight success. They hit over 100 million users just 2 months after launch. But what people don't see is the 7 long years of hard work and research to get there. Sam Altman the CEO of OpenAI on what it takes to become an "overnight success"
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I fundamentally believe we need MORE startup creation happening. But I also KNOW that most people shouldn't be founders. How do we reconcile that?
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When cold emailing investors, CUT THE FLUFF. Avoid empty words like: "looking for potential investors to help us take our venture to the next level." "gathered a team of dedicated professionals to create the most relevant and efficient software." "Our goal is to revolutionize" "We believe that with your guidance and investment, we can achieve this goal." "Thank you for considering my request." "With pride and joy I can announce the good news that we have built..." "We represent one of the fastest growing and most exciting companies" "Would you be interested in learning more?" etc etc 😇
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NEW: *Signature Bank has been closed *All depositors of Silicon Valley Bank and Signature Bank will be fully protected *Shareholders and certain unsecured debtholders will not be protected *New Fed 13(3) facility announced with $25 billion from ESF to backstop bank deposits
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$42B in withdraws in one day - the meaning of a bank run #SVB #SVBCollapse #startup #entrepreneurs #businesscards #vc - so as everyone was hoping for the best and encouraging support- the actions speak otherwise … the impact on the #innovation #ecosystem will be felt for years
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Silicon Valley Bank failure could wipe out a whole generation of startups If there is not more action, this will become a contagion that spreads to other startups and other banks. Depositors must be made whole. npr.org/2023/03/11/116280571…
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What no one tells you about fundraising at the early stages: NDAs are usually not signed during diligence with firms.
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I spent Christmas programming with ChatGPT. Some observations:
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You can build a $10K/month profit DTC business in 60 days. I've built a $100M revenue DTC brand. It boils down to these 3 steps.
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Michael retweeted
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com.
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VC Job Openings🪄 Creating opportunities by making open VC roles public. Apply, apply, apply! Check out this week's openings (Oct 27-Nov 2)👇
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10 secret websites help you run your online business like a pro (you'll feel like you hit the jackpot):
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Michael retweeted
10 websites for starting an online business in 2023:
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Startup SEO toolkit: • Google Analytics → traffic • Google Search Console → rankings • SEM Rush → keyword research • Ahrefs → backlink analysis • Screaming Frog → technical SEO • KeywordInsightsAI → keyword clustering • Wayback machine → competitor intel
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Michael retweeted
Set a reminder for this conversation with @dacadeOrg on Tuesday teapaw.org/i/spaces/1DXxyvPloZZKM
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