13 Comments
Oct 18, 2021Liked by Packy McCormick

Wow what a great read. Thanks, Packy.

One question, if you're fully deployed, how are you going to do follow ons? Looks like you invested $7.8m already, and have some more deals to do in Q4. Are you reserving very little for follow ons?

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Will SEC rules let you start funds simultaneously? Like Fund 2A, 2B, 2C with 100 LPs each?

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How does one get their name on the list for an investment in Fund II ??

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Packy, what's best way to connect w/ you about potential investments? You & I are fellow investors in Flexbase (I invested last December). I'm an angel focused on BuiltTech (PropTech & ConstructTech). Backed another very interesting company earlier this year that's straddling Social Media & Construction (with a payroll/benefits angle). Co-founder & CTO/Head of Product was one of first engineering hires at Superhuman (there for past 4 years until co-founding the new co). They're raising a $1.5M PreSeed now: oversubscribed already, but I was intrigued when I read this & thought I'd touch base. My email is scott@HeadH2Os.com ("Headwaters" is my LLC) -- I mentioned you to the founders & they were intrigued. LMK

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Great read as always Packy, thank you for sharing the journey, it's always interesting to read your posts!

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Amazing email per usual! Interested in Fund II when available in the future.

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You are probably the first mentioning Clayton Christensen in this space. I'll be very interested to see how you use Jobs To Be Done to deep dive into portfolio companies.

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Thanks for the great write-up. Like the mental framework of taking around 20% of meetings with founders. I often struggle with that.

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Hi Packy, any way we can invest in your funds? Thanks

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Heads up, http://securitypal.com/ is available for sale. Not sure if that's the wrong URL or SecurityPal is having some technical issues

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