The work you do in private is the work you are rewarded for in public.
Todayโs news is 10 years in the making.
$400M raised.
Time to get back to work and work harder than ever.
I love London, I have lived here my whole life and I am immensely sad to be writing this.
In the last week I have seen 4 phone thefts and tonight had my phone stolen by a bike gang for the 2nd time.
I pay $2M in taxes per year, the lawlessness is off the charts, the
If I was Nik I would have absolutely made the same decision.
18% holding of Revolut.
Company will be worth $200BN without a doubt.
$36BN position at that price.
His cap gains bill alone would be $8BN-$10BN.
Now in the UAE it will be $0.
The Labour government has to
Just got off the phone with an incredible entrepreneur running a retail business in the UK.
The Budget changes around National Insurance mean he is forced to pay an additional ยฃ1.5M per year.
5 locations will become unprofitable.
As a result, he will let go of 125 people.
Just had my phone stolen by a bike gang in London.
Called the police and they told me 2,000 iPhones are being reported stolen per day in London alone.
They predict on 1/4 are reported.
Insane.
I have been in private markets for 10 years and never seen such singular and concentrated demand for one company stock:
SpaceX.
Itโs all anyone wantsโฆ. And I totally get it
I have invested $200M into the UK in the last five years.
If @RachelReevesMP implements โExit Taxโ all that funding will go overnight.
That is countless jobs, companies and people who will lose out.
Rachel, you have managed to steal our hopes, our dreams even our growth,
Just got out Uber & driver was making 95% less money than pre COVID.
So in 4 weeks she learned @webflow & is now making websites for largely personal trainers and online tutors.
She now makes 2x more than she did driving.
Always be amazed by human resiliency. Inspiring. ๐
6 years ago I recorded my first 20VC episode from my mother's kitchen and asked if we could unplug the home phone.
Today we announce two new 20VC Funds:
20VC Early
๐ Pre-Seed-Series A
๐ต $250K-$750K
20VC Explorer
๐ Series B-onwards
๐ต $1M - $5M
90% of guests on 20VC today refuse to discuss politics and the election on the show.
Then proceed to declare their support for Trump the minute the recording is over.
No horse in this, just an observation.
Fascinating, just seen the most in-demand companies buyers are looking for secondaries in:
SpaceX
Stripe
Anduril
Epic Games
Flexport
What would you have as your top 5?
Introduced seed company to series A investor 6 months ago. They led a $20m round 3 months ago.
I found out today.
No message, no email, no thanks, nothing.
Little thanks go a long way.
Even better go out of your way. These things count. People remember them.
My mother has not been able to run for 10 years due to her MS.
Today we ran 5K together for the first time.
Today was a fricking special day I will never forget.
To my Mum, what a hero!