Step inside a new dimension and experience a new reality with your friends. See, touch, and hear. VR as it was meant to be. Sandbox VR, In Here, It's Possible.
David SacksThe new flagship location of @SandboxVR on Market Street in SF sets the standard for a VR experience. I took my kids who went crazy over Deadwood and Amber Sky and came back with friends. Also great for friend groups and corporate outings. Try it!
Reflections on the 20th anniversary of a $100+ billion product
David SacksTwenty years ago this month, PayPal found product-market fit. I remember the moment vividly because it’s a dramatic example of a strategy that still works today. I call it “going Sharp.” I write more about it here
Superhuman founder and CEO Rahul Vohra walks us through the framework his startup used to make product/market fit more actionable, detailing the survey and four-step process that were key to measuring and optimizing it.
The Justice Department has charged two former Twitter employees and a Saudi Arabian national with spying for the Middle East country on some users of the social-media platform who were critical of the kingdom.
David SacksThe worst ‘God view’ abuse yet? Rather than building their own insecure internal tools, companies should use @Internal_io to restrict employee access to sensitive customer data. It’s not a problem until it’s a big problem.
Eight Sleep wants hitting the pillow to be the equivalent of hitting the doctor’s office. With this article, the company announces a $40 million growth funding round to do just that, bringing their total equity funding to $65 million.
David SacksSome thoughts on the topic du jour in tech right now -- the sudden reappraisal of tech-enabled businesses based on gross margins/unit economics. Here's what founders need to know.
The Gross Margin Problem: Lessons for Tech-Enabled Startups
David SacksExcited to announce our $500M Fund II and to be working with an amazing team of operators and investors. All of the partners @craft_ventures are former founder/CEOs -- we are founders backing founders.
Harbor's broker-dealer licensing breaks a lengthy standoff between aspiring crypto broker-dealers and the U.S. regulators who approve them.
David SacksCongrats to @harbor on becoming the first licensed broker-dealer for digital assets. From the outset, Harbor CEO Josh Stein has taken a conservative approach which has won the trust of regulators.
David SacksA huge open secret in Silicon Valley is that tech workers have too much access to private customer data through hacked-together internal consoles (called ‘God View’). This is why we invested in @Internal_io: better, secure consoles as a SaaS service.
David Sacks.@deep_sentinel is amazing. When a motion sensor on the security camera goes off, a remote guard reviews in real time and asks intruder why they’re there. I get push notification and watch in the app. This is real intervention from 1am at our office!
I remember one of the first things I had to do in the start-up world, years ago, was help prepare the table of 5% Stockholders and Named Executive
David SacksDistribution Models:
1st Place - Viral/Freemium. Explosive & Cheap. Non-dilutive. Leads to biggest founder outcomes.
2nd Place - Sales & Marketing. LTV must be at least 3X CAC. It works but expensive. Diluted outcomes.
3rd Place - Set of steak knives.