Graduation Rate of Seed to Series A in Major US Cities

I randomly became curious about the graduation rate of startups from seed round to Series A round, specifically around the context of cities. I thought this might actually be more interesting to look at than total $ invested, or total number of rounds.

For the analysis, I looked at 6 major cities: SF, LA, Seattle, Boston, Chicago, NY.

I used Crunchbase data to pull all startups who raised a seed round in 2014, 2015, or 2016. I picked these years pretty randomly, but mostly because it felt recent enough, but not too recent.

I defined graduation rate as raising a Series A, anytime between their seed round and today.

Total companies in this list were 5114, with an average graduation rate of %20.3.

Here’s the chart:

Interestingly, Seattle and SF are leading the pack. LA was significantly lower.

Not sure why, but it’s interesting to see this.

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Creating Wealth Through Sustainability

In 2017 alone, Bitcoin created massive value for early investors in it – billions of dollars. This made me think – did Bitcoin really create that much value for society? Where does this wealth come from? Can wealth be created?

Or is wealth a zero sum game? My gut says it is.

I leaned on my trusted friend, the internet, and found some good arguments for why wealth is not a zero sum game, that wealth grows – but I found this leaned on two basic premises, that wealth is perceived, not material, and can only be acquired by humans.

Let’s talk about perception first.

One argument for wealth creation goes like this. I have two eggs and you have two apples. We’re likely to trade because I value one apple (which I don’t have any of) more than one egg (which I have two of), and vice versa. Argument goes that wealth is created through this trade on both ends.

Another argument goes like this. If I paint a beautiful painting, you’re likely to pay more for it than if I were to simply sell you the paint and canvas. Thus, I must be creating wealth through my skills.

In both cases, there is no increase in material wealth. In the first case, we start with and are left with two apples and two eggs. In the second case, we start with and are left with paint and a canvas. That being said, there’s no question that perceived wealth does increase.

Now let’s talk about wealth only being acquired by humans.

One argument for wealth creation goes like this. If I walk into a park and find a beautiful rock, pick it up, and take it home, I’ve created wealth. While if you look at me alone, or human society as a whole, I’ve indeed created wealth, but the idea that I’ve actually created wealth assumes that the park cannot possess any.

Another argument is a little more complicated, but goes like this. I’m a farmer, and I start using pesticides that increases the yield of my crop by 20%. This increases wealth as I’m able to feed more people with the same amount of work. I’m not going to pretend I can quantify the value of life to an individual insect, the value of the insect to a frog, or the total effect of pesticide creation on who knows what, but simply stating that I’m creating wealth through increased yield by using pesticides doesn’t sit well with me.

My argument is that if you look at wealth as material, not perceived, and if wealth is not just acquired by humans but can be acquired but all entities, then wealth may very well be a zero sum game. Wealth, like mass, can neither be created nor destroyed – simply altered in form.

The reality though, is that wealth is perceived. The value of an object, physical or digital, is the value we as society place on it.

Perhaps, though, when we use words like wealth, we might consider it as something not only acquired by humans, but by all entities in the universe and the universe itself. This might encourage us to recycle more, eat organic food, and value (or at least consider) sustainable activities not often associated with wealth creation.

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Venture Capital News – May 19, 2017

AngelList is funding the minor leagues of venture capital (and giving founders $500,000 to start)

AngelList continues to disrupt the venture capital industry. Here’s how they are turning operators into venture capitalists.

Here’s how likely your startup is to get acquired at any stage

Survival rate and acquisition rate of startups based on fundraising round.

There’s no shame in a $100M startup

Looking at exit values of companies founded previously by today’s top VCs.

Startups, you must raise this much to join the 1%

Percentile curve of total US startup funding.

Venture Capital Partners Strike Out on Their Own

A list of partners from well known VCs who are launching their own funds.

20-somethings managing millions: How venture capital is changing

Looking at the trend of younger VCs.

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The Ying and Yang of Love and Hate

I’ve read a lot about love and hate these past few days, as if one is good and the other is bad. Love and hate, however, are two sides of the same coin.

If you hate globalization, you probably love your country. If you love Hillary, you probably hate Trump. If you love love, you probably hate hate.

Hate has a place in this world though. I hate intolerance, you probably won’t judge me for that. I hate unfairness. I also hate when people hate the people who hate the things they love, because that’s intolerance.

We all have different backgrounds that lead us to love and hate different things. I have my opinions on what is good and bad. What I love is good and what I hate is bad.

Are you any different? Is anyone any different?

Stand for what you believe in. Lead by example. But don’t forget to be tolerant, especially of those who believe in different things than yourself.

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100+ Practical Cognitive Exercises

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I use the term cognitive exercise to encompass all activities that “exercise” the brain, including meditation, self-hypnosis, and diary-writing.

The brain is a like a muscle, or a collection of muscles, just like your body. Similarly, you have to train these different muscles with exercise. There are many parallels between physical and cognitive exercise. You have to do it often. You want to hit all the muscles. There are a variety of ways to do it, some will work better for you, others will not. You need to consider your goals and choose the appropriate exercises. There’s a difference between doing it alone and with other people. The list goes on.

I’d like to share with you 100 practical cognitive exercises to strengthen your brain.

Some are quick and easy, some will take a little more time and effort. Some are specifically designed to exercise parts of your brain. Some are things you already do, and for these, just approaching it as a cognitive exercise and tuning into how it effects you amplifies it’s effect. Sounds simple, but it works.

  1. List out things that help you de-stress.
  2. Think about what you want your life to look at in 5 to 10 years.
  3. Think about things you have that others don’t and say thank you.
  4. Exercise
  5. Meditate
  6. Listen to music
  7. Breathing exercises
  8. Stretch
  9. Yoga
  10. Eat. Are you hungry? Feeding your brain is just as important as using it.
  11. Eat indulgently. Something that makes you happy. Ignore health.
  12. Talk to someone you love.
  13. Talk to a family member (you don’t have to love them).
  14. Talk to a relative. (not parent, child, or sibling)
  15. Talk to a semi-close friend.
  16. Think about how when you’re stressed, it’s a chemical reaction. You can mentally separate the feeling of stress from the problem if you practice this.
  17. Sing
  18. Dance
  19. Think about something completely random.
  20. Watch tv. One that’s familiar, that you used to watch a lot.
  21. Watch a movie. One with a main character that inspires you.
  22. Clean your room.
  23. Organize your closet.
  24. Clean around the house.
  25. Draw or paint something.
  26. Sculpt something.
  27. Send a thank you letter.
  28. Take a nap.
  29. Look at old photos.
  30. Write down the names of people you love.
  31. Write an email to yourself one year from now.
  32. Read your diary, or old social media photos.
  33. Visit family.
  34. Take a long bath.
  35. Create a bucket list.
  36. Create an anti-bucket list. That’s a list of things you’ve done that would be on your bucket list if you hadn’t.
  37. Do a body scan. Look it up, it’s a meditation technique.
  38. Cook food for yourself.
  39. Take a walk.
  40. Free write. Don’t stop writing for 5 minutes. Keep moving your hand.
  41. Write down your favorite dishes.
  42. Imagine a perfect future.
  43. Throw things away.
  44. Buy something for yourself.
  45. Buy something for someone else.
  46. People watch. Notice demographics, personality, clothes, mood, emotion.
  47. Approach and talk to a random stranger.
  48. Toss a ball with someone.
  49. Clear your desktop.
  50. Clear your email.
  51. Organize old photos.
  52. Play a board game.
  53. Organize files on your computer.
  54. Measure your heart rate.
  55. Do a color scan. Think “red, red, red…” with your eyes open to notice all red things in sight. Then do orange, yellow, etc.
  56. Read Wikipedia articles.
  57. Watch TED videos.
  58. Learn something new.
  59. Play a game.
  60. Wash your car.
  61. Read a book.
  62. Hang out with friends.
  63. Grab a drink with friends.
  64. Dance with somebody
  65. Dance by yourself.
  66. Discuss politics with a friend
  67. Give to a charity.
  68. Host a game night.
  69. Hug someone
  70. Draw your golden circle (Why, How What).
  71. Drive a different route to work.
  72. Eat alone at a restaurant.
  73. Go on a solo road trip.
  74. Write down a to-do list.
  75. Scan book titles you’ve read and think about them.
  76. Take an artistic picture of something in your house and post it.
  77. Regularly attend a weekly gathering.
  78. Write down the names of people who can make you smile.
  79. Have sex.
  80. Masturbate.
  81. Take a personality test.
  82. Ask people what they think of you.
  83. Tell people what you think of them.
  84. “You are who you’ve met” exercise. Write down a list of all the people who’ve influenced who you are and the most important lesson you’ve learned from them. Include friends, family, and even movie or tv show characters.
  85. Stare at one thing for a really long time.
  86. Volunteer
  87. Pick someone and imagine what it’s like to be them.
  88. Do something for someone.
  89. Get someone to do something for you.
  90. Build an IKEA table.
  91. Build an IKEA table with someone.
  92. Turn off your phone for a day.
  93. Go camping.
  94. Attend a music festival.
  95. Go to a concert.
  96. Watch a musical or play.
  97. Volunteer at an event
  98. Organize a group dinner or happy hour.
  99. Do a “silent night”. Only communicate in hand-written notes.
  100. Cook with someone.
  101. Reconnect with an old friend.
  102. Play or learn an instrument.
  103. Write your own obituary.
  104. Read about the brain.
  105. Do something embarrassing.
  106. Write down your strengths.
  107. Create a vision board.
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2015 New Year’s Resolutions

As you may know, I like writing down 10 New Year’s Resolutions and posting them on the wall in my bedroom by the door. It’s a constant reminder for myself throughout the year.

This year, I kept my resolutions simple. Less specific means I won’t “finish” anything in particular, but my goal here is “progress, not perfection.” Without further ado, my 2015 New Year’s Resolutions:

  1. Eat Healthy
  2. Sleep Well
  3. Exercise
  4. Rest
  5. Focus
  6. Smile
  7. Work Hard
  8. Clean
  9. Help People
  10. Have Fun

If I can do these, life is good. Yeah?

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How to solve every major problem in the world.

TL;DR – have our kids do it.

Every major problem in the world – hunger, poverty, environment, etc. – is rooted in a complex system of intertwined systems: culture, politics, economics, and so on. I assume there are major problems we have yet to realize (or accept as a society), but let’s focus for now on problems we agree upon. The first step to solving any problem is identifying it, but figuring out how to do that is not my goal here.

Dominant cultures in the world today teach us inadvertently to focus on short-term solutions by identifying and celebrating individuals’ achievements. That’s one of many reasons we have difficulty focusing on the greater good and ask ourselves “what can I get out of this?” Today, there are many people doing good for the world, through both non-profit and for-profit companies. Many of these solutions, while extremely useful for the purpose of collecting data (which is very important), are short-term solutions that often ignore the complexity of the problem.

Major problems rooted in complex systems take time to solve. For example, the abolitionist movement of 1844 can be dated back 150 years to 1688 when four people presented a protest against the institution of slavery to their local Quaker Meeting (it was ignored). Many people would argue that root problems with slavery persist today, in a different form.

The point I’m trying to make here is that it takes generations to solve major problems. It takes time for the desire to solve a problem to reach enough people that we act on it. We are wired to think and feel a certain way, engrained in our minds from decades of programming we call life. A logical explanation is often not enough to make us feel a certain way about something. This is why it takes generations to solve major problems.

We don’t act on what we understand, but what we feel. In order to feel a certain way, we must be exposed to it before we are programmed to feel another way. This is why we need to teach our children about the problems in this world, so not only do they understand it, but they also feel it. Perhaps even our children’s generation won’t reach a tipping point, so we must teach them to teach their children. We won’t solve any major problem in our lifetime, so let’s at least make sure we, as a human race, continue to tackle it, without giving up or forgetting.

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Sometimes I get jealous of trees

Sometimes I get jealous of trees.
Because they never have to ask themselves, where am I going?
They’re in one place, their whole life, and they don’t really have a choice.
So I guess there’s no point in wondering if they’re in the right place.
As far as they’re concerned, it’s the only place.
Maybe I should be glad I have a say in where I’m going to be.
Or do I?

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Life is all about balance

When it comes to life, it’s all about balance. At least that’s what I’ve come to conclude based on my current life experiences. As with anything, it’s subject to change.

For every piece of advice I’ve read or received, I’ve heard the opposite. Given the context, they usually both make sense to me. When a Texan tells me to eat steak, that’s great advice. So is the advice from a vegan yogi not to eat steak.

I’ve noticed that when someone gives advice, they tend to have needed to follow it in the past. People who’ve overworked themselves before tend to talk about the importance of life-work balance. Someone who recently got off the couch to start pursuing their dream will talk about the importance of working hard to get what you want.

Optimism and realism, efficiency and patience, organization and flexibility, confidence and humility, curiosity and content. Those are a just few things I find myself constantly trying to balance.

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