Hi! If you are an outsider to SF circles, the best way to take advantage of this newsletter is to:
Click through all the links, read the tweets.
Follow every Twitter account I share
Follow people they retweet/follow
Why? The only way to break into SF virtually is through osmosis. This newsletter is the start of the journey of breaking in, not the destination. Do the work!
Ilo Is Building Better Twitter Analytics
Do you ever spend time on Twitter and wish you had more insight into your analytics? Well one of my friends and prolific makers, Dan Rowden, decided to take this challenge on with his new company, Ilo. He’s aiming to tap into the Twitter API and building a better analytics experience than Twitter provides. Dan is also known for shipping products for creators, like Cove and Gloat. I’m excited by what he’s building, and if you use Twitter a lot, I encourage you to check it out.
Bloom Venture Partners Gets Off The Ground
A new venture firm and studio is on the block targeting pre-seed and seed stage startups. Bloom focuses on buying, building, and investing in SaaaS companies. This type of model for a firm has grown in popularity in the last 5-10 years. With Andrew Wilkinson’s Tiny, or Garrett Camp’s Expa as examples, expanding the model of the typical investing firm is common, and only good for founders. Also note, they do have a scout program here.
Chamath Palihapitiya Files for 3 new SPACs
If you missed it, Chamath took Opendoor public last week with a SPAC that he created. If you aren’t sure what a SPAC is, you can catch up here or here. In short, SPACs add another option for companies that want to go public, but don’t want to IPO or do a direct listing. Chamath has now use two of his SPACS (Virgin Galactic and Opendoor), and it was reported he raised capital for three more. The largest one was as billion dollars. This is good news for startups in the seed to series A range while they are thinking about their exit options over the next 5 years.
Hot Company Alert - OthersideAI
OthersideAI is creating next-generation communications systems and productivity tools, leveraging the power of AI and GPT-3. The just updated on Crunchbase yesterday that they raised capital from two prominent investors, Hustle Fund and Chapter One Ventures. They are also hiring for a hiring for a software developer. Forward Thinking Radio recorded a podcast with the founder, Matt Shumer, On August 1st 2020. We know this company is going to blow up, and we wanted you to know about it first.
Forward Thinking City has a new website
The community arm of Forward Thinking Newsletter has new digs! Forward Thinking City is aimed to help anyone break into startups and tech, regardless of where they live. In other ways, we’re aiming to democratize Silicon Valley. We updated our website to reflect the new platform we’re running on. Check it out and let me know what you think! If you feel compelled, feel free to sign up for $15/mo and join the city yourself!
Harlem Capital’s Internship Application is Due Soon
Harlem Capital is hiring for a 2021 remote intern. This means anyone can apply, regardless of where you live. Harlem Capital is a New York based early-stage venture capital firm focused on investing in minority and women founders in the United States. If you are interested in breaking into venture capital without needing to move to SF or NY do it this, this might be your only chance! Check out Harlem Capital today.
Interested in Remote Work?
Are you interested in remote work (pretty much everyone these days)? Well, I found a large community for remote enthusiasts ran by Chris Herd, the CEO and cofounder of Firstbase. Chris is one of the leading voices in the remote revolution, and it’s always worth checking in on what he’s doing. If you’re looking for a community to join focused around remote work, check out RemoteFirst.