Phin Barnes
12K posts
Phin Barnes
@phineasb
Sneakerhead.VC @theGP, Alumni @firstround, @dormroomfund for life. Partner to @notionHQ, @clay_GTM, @Persona_IDV, @gauntlet_xyz, @stedi, @warpdotdev
- I agree. Imagine if the president made $250m/year tax free. VP at $65m, Senators, $25m and the house $10m each. For $1b a year in a federal budget of $6T the quality of applicant for elected office would change significantly.Unpopular opinion: politicians and senior officials should be paid dramatically more. Congresspeople make $174k. The President makes $400k. 10x this to attract better talent and reduce the incentive to do favors in exchange for lavish private gigs after leaving office.
- 1/ Today, I am sharing that I've made the difficult choice to leave First Round to build again. - medium.com/@firstround/co…
- 1/Personal news: After stepping away from @firstround 18 months ago, I’m ecstatic to be joining @danportillo and the whole team from @sweatequityventures to redefine partnership in VC – building The General Partnership. Check @thegp for more on what we’re building and who we are.
- Last few weeks I have learned WFH is ok...it's the parenting from where you work that's brutal.
- Lots going on. Most importantly, @carriebarnes415 is in the final week of her campaign to get San Francisco back on track. She's focused on the key issues and has common sense policy ideas that will make the city work for everyone: Public safety - fully staffed + accountable
- If I was a public market investor I would buy and hold stock in public companies where the founder is still the CEO and @sequoia held/holds a board seat. I believe there is a lot more known about founder mode than this suggests.
- 1/ After I left @firstround, I wanted to discover the opportunity to build again. That’s why I’m excited to finally share how @dan_portillo and I are building a new form of venture partnership @thegp.
- 1/ Back in Feb. 2018 we launched an experiment called Angel Track, with the goal of lowering the barrier to entry in angel investing. Thanks to @JoshConstine for telling the story of what we’ve been building today in @TechCrunch.
- Over the last year+ I have partnered with close to 20 founders as an angel and 10+ VC funds as an LP. I’ve learned a ton in the process and gained a whole new perspective on how GPs compete and how founders think about allocating space on their cap tables.
- NEWS: $300M raised for @thegp Fund II. I'm so happy to build with @dan_portillo & our incredible team. Grateful to our exceptional founders & committed LPs. If you’re an experienced builder, let's run it back! Thanks @danprimack and @axios for the story
- Pro tip: if you are going to do something worthy of congratulatory gifts, have friends with taste...keeping these crispy until post-COVID
