tylertringas

10 ms·

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by tylertringas 4y ago
Sounds like you're describing calm companies: https://calmfund.com/thesis
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by tylertringas 6y ago
Actually the question was about broadly how to learn things quickly.
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by tylertringas 6y ago
>If you have someone who needs to learn how to quickly, you don't teach them theory Elon would disagree: "One bit of advice: it is important to view knowledge as sort of a semantic tree — make sure you understand the fundamenta
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by tylertringas 6y ago
Always appreciate these thoughtful critiques on HN :)
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by tylertringas 6y ago
> I would have included a sauté pan Yep. It's the first recommendation on the list! Though I typo'd (fixed now) as sauce pan.
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by tylertringas 6y ago
> Follow the recipe, then don't follow it. Yes! At first I found it super helpful be ultra-precise: read the recipe twice, use a digital thermometer exactly, measure everything, etc. Then you learn what "good" is by tastin
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by tylertringas 6y ago
Agree that's the true minimum viable set, and you can cook a lot of things with just that. But I think if a novice cook was trying to work through the cookbooks I recommended, they would find it frustrating not to have some of the othe
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by tylertringas 6y ago
Agreed! But, I think very novice cooks should rigorously follow recipes, learn what a good result is across a wide variety of dishes, then learn how to substitute things or change up recipes. Or rather that's what worked for me.
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by tylertringas 6y ago
Good catch! I just typo'd and used convection twice.
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Cooking for Founders(tylertringas.com)
81 points by tylertringas 6y ago|71 comments
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by tylertringas 6y ago
Hi folks, Tyler here from Earnest Capital. I'll be leading one of these Mastermind Sprints and happy to answer any questions or hear suggestions here. Basically like a lot of folks we've been looking for ways to increase our motiv
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by tylertringas 6y ago
investors like me are at a basic level middlemen. We have to raise capital from other sources and then invest it in founders. So it's not so much a questions of what kind of returns we're 'happy' with as it is, what kind
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by tylertringas 6y ago
the untold secret of bootstrapping to date is that is has often been done from positions of privilege: family money, savings from a very high paying career, spouse's salary, inheritance. Very hard to make broad generalizations since th
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by tylertringas 6y ago
I'd say the number of non-venture-backed software businesses exceeds venture-backed by at least 20:1. See also "patio11's law" https://twitter.com/mmcgrana/status/1260250538299408387?s=20
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by tylertringas 6y ago
thx! probably this one: https://earnestcapital.com/investment-memo-fund-2/
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by tylertringas 6y ago
i hear you. not enough. we're scaling up as fast as we can!
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by tylertringas 6y ago
all good. we can pivot to Goat Trail by Earnest Capital(TM)
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by tylertringas 6y ago
Ah yes, fair. I'm not sure there can be a true solution to "we have to see your data before know if we can invest or not" Our approach here is 1) we always give value before we ask for anything. Some strategy, resources, wr
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by tylertringas 6y ago
hmm, will look into it. assume it's some default accessibility feature of our site theme
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by tylertringas 6y ago
Yea, for founders going down a traditional VC path, there is some what weird but actually sensible logic to the idea that "being good at pitching VCs" is actually a useful skill to filter for. If I'm a Seed VC, assessing how
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by tylertringas 6y ago
Can you say more? We explicitly do ask, at the end of each section, if founders want to (optionally) send us the results to build up their profile/"application"... so there's some above board data collection happening. W
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by tylertringas 6y ago
Agreed. But also, the way raise money for Earnest is very similar to Trailhead: https://twitter.com/tylertringas/status/1260972763285774337?... Build a relationship and have a discussion over time is so much bette
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by tylertringas 6y ago
+1. Let's hope
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by tylertringas 6y ago
Thanks! The gate-keeping / "kiss the ring" approach to raising money has got to go.
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by tylertringas 6y ago
Hmm, i had no idea. It's a derivative of our Founder Summit branding. Trailhead is the start of the path toward the summit. Also I like to hike. I think it's a generic enough term but we'll find out!
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by tylertringas 6y ago
Thanks! Definitely pulling on the same thread as Startup School (though I've never done it myself). Some structural differences might be 1/ this explicitly designed to be a replacement for the application process at Earnest. Over
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by tylertringas 6y ago
hey folks, I'm the founder of Earnest Capital and love to hear questions or feedback. The gist here is I think the way we make founders pitch investors is pretty lame and we can do better. Definitely a v0.1 of our thinking here and wou
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by tylertringas 7y ago
Pretty cool right?
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by tylertringas 7y ago
(post author here): The team did not have equity but I paid out substantial bonuses voluntarily to all employees. There's a lot of work to be done on how to incentivize employees in bootstrapped startups tbh. Nathan Barry has some good
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by tylertringas 7y ago
Bootstrap or just don't raise 'too much' capital and not from VCs. Lots of optionality still available for founders who raise eg less than $500k and don't give up control. (I'm not exactly neutral on this tho)

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