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Odin
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launch and run your vc firm from your phone
207 Following 2.6K Followers 804 Posts
Latest posts 5
You have two options:
Box 1 contains $1,000.
You are assured Box 2 contains $10,000 — but it can't be opened.
The decision ultimately rests on whether you need to distribute the cash, or if you can trade on the theoretical value of the box. x.com/i/article/2120…
Box 1 contains $1,000.
You are assured Box 2 contains $10,000 — but it can't be opened.
The decision ultimately rests on whether you need to distribute the cash, or if you can trade on the theoretical value of the box. x.com/i/article/2120…
Robots Everywhere! — within ten to twelve years.
That’s @nunzi46's bet as Managing Partner of @CapitalAlso.
AI is the big breakthrough in digital labour productivity and robotics is the breakthrough on the physical side.
He expects knowledge work to commoditise further and more equity value to go to the companies that let AI interact with the physical world.
Full episode of Going Solo out now:
linktr.ee/goingsolowitho…
That’s @nunzi46's bet as Managing Partner of @CapitalAlso.
AI is the big breakthrough in digital labour productivity and robotics is the breakthrough on the physical side.
He expects knowledge work to commoditise further and more equity value to go to the companies that let AI interact with the physical world.
Full episode of Going Solo out now:
linktr.ee/goingsolowitho…
1:03
Mike Annunziata (@nunzi46) spent most of a decade on the LP side before making investments of his own.
He began at the Soros family office before moving on to the @Cornell endowment, where he learned how an institutional manager sets the bar for success.
Today, Mike is the founder of @CapitalAlso, a boutique hard tech fund which grew out of his angel investing alongside @WillBruey. Their early commitments include companies like @RadiantNuclear and @VardaSpace — where Bruey is now CEO.
In this conversation, he describes why @CapitalAlso answers around ten questions about enterprise value before it looks at technical risk, and why fundraising works like selling a luxury good.
He and @credistick get into processes for controlling groupthink, his formative experience with @DormRoomFund, and the introduction that helped @foundersfund understand (and invest in) portfolio company @NorthwoodSpace.
They finish on Mike’s advice to emerging managers to get into business early, and why his vision for the next decade is a Golden Age of Robotics.
Going Solo is Odin’s series talking to small and emerging managers in venture capital. Subscribe to catch future episodes:
linktr.ee/goingsolowitho…
0:00 Intro to Mike and Also Capital
1:24 From the Soros family office to the Cornell endowment
5:24 Where the bar sits for a new fund
6:00 Clearing an endowment's opportunity cost
7:31 Learning seed investing at Dorm Room Fund
11:43 Controlling groupthink in investment decisions
13:28 Why the best deals are contentious
14:22 Stories from Dorm Room Fund
16:28 Varda and the origins of Also Capital
20:07 Diligencing deep tech as a non-engineer
23:15 Using AI in technical diligence
25:34 Raising Fund 1 and Fund 2
30:34 Origination: Atlas and Northwood Space
35:48 The best advice for emerging managers
38:26 What the world looks like in 10 yearsView quoted post on X
The largest VC firms are more frequently backing the same companies.
This research measures how alike the biggest platform firms have become: whetherthey back the same companies, enter the same rounds and follow each other’s picks.
Looking at dollar-weighted activity, they have converged sharply since 2023.
Growing Enmeshment and the Rise of Venture Beta
@JoinOdin x @harmonic_ai
research.joinodin.com/#/paper/growin…
This research measures how alike the biggest platform firms have become: whetherthey back the same companies, enter the same rounds and follow each other’s picks.
Looking at dollar-weighted activity, they have converged sharply since 2023.
Growing Enmeshment and the Rise of Venture Beta
@JoinOdin x @harmonic_ai
research.joinodin.com/#/paper/growin…
Bridgit Mendler (@bridgitmendler) hadn’t started a venture-backed company before @NorthwoodSpace.
Mike Annunziata (@nunzi46), Managing Partner of @CapitalAlso, backed the ground station problem her team was solving, and SpaceX engineers in his network agreed with that view.
When he introduced Northwood to @foundersfund and @a16z, that support took the pitch from “former Disney Channel star starting a space company” to “where do I wire?”
Full episode of Going Solo out now.
Mike Annunziata (@nunzi46), Managing Partner of @CapitalAlso, backed the ground station problem her team was solving, and SpaceX engineers in his network agreed with that view.
When he introduced Northwood to @foundersfund and @a16z, that support took the pitch from “former Disney Channel star starting a space company” to “where do I wire?”
Full episode of Going Solo out now.
1:02
From an old dentist’s office in Palo Alto to this in less than 3 years
Legendary stuff happening at @NorthwoodSpace
Excited for @CapitalAlso to continue supporting @bridgitmendler and her exceptional team of ground nerds
A generational company in the makingView quoted post on X
