Upstarts Year One: The Ones Worth Keeping_

Ninety-two stories. One year. The quotes, moments and hard-won lessons worth reading twice.

34 quotes · @ddc

The thing that gets me excited is the promise of technology as an augmentation of the individual, that places the human in control, makes the human more capable, more free. And I really don't see any other product making that the center of all of their design choices.

Mina Fahmi, Sandbar
1d ago

“You have to remember that no one cares about your startup. I’m blessed that you’re asking me questions about my startup, and you seem to be interested in it, but in general, nobody cares about your startup. They care about things that are happening that are relevant in their world, and they’re only going to care about you to the extent that you are either providing perspective on that other thing, or are a good example of the thing.

Ryan Petersen, Flexport
1d ago

“My hot take is that constraints make you think harder, constraints make you work harder at producing great outcomes, and that innovation with constraints is the ultimate art.”

Sridhar Ramaswamy, Snowflake
5d ago

“Apps are the expression of intelligence, whereas core intelligence itself is derived from the models. Look at any apps or agents that exist in the market, and how few lines of code they are. They don’t need to be what we thought of previously as software, because they’re effectively just wrapping up this new thing, this alien intelligence that we now have.”

Jason Warner, poolside
5d ago

“Nobody has an investment memo for dog longevity. I’m the first dog longevity company I’ve ever talked to. I’m most people’s first bio investment, or first dog investment, or first longevity investment. There’s not a lot of reference when it comes to Loyal. Also, the phrase ‘dog longevity almost sounds like it should be on a show about Silicon Valley.”

Celine Halioua, Loyal
5d ago

"A natural introvert, Hockey prefers to spend his time at conferences answering engineers’ pull requests; at parties with more than four strangers, you’ll find him in the bathroom, coding on his Android phone."

Alex Konrad, Upstarts Media
5d ago

"There’s nothing more “agonizing” than laboring on a product nobody wants. It’s a tool for isolating and crystallizing your intuition about your business. It’s elementary stuff, but time and again since we started doing this, it’s proven remarkably useful, even for very sophisticated founders.”

Jake Knapp, Character Capital
5d ago

But whether you’re sized more like a small business or an AI unicorn, the emotional rollercoaster of being a founder is probably the same. At Upstarts, I vacillate daily between the exuberance of empire-building, and questioning what it means to really exist.

Alex Konrad, Upstarts Media
5d ago

"Your data moat is asymmetry of information. You’re on this call with us, getting asymmetric info. When you get a revenue number, only you have it. A journalistic scoop is something where human contact is critical, because as humans, we’re willing to share those things.”

Eiso Kant, poolside
5d ago

“GPUs are about to be the largest unhedged corporate asset class on the planet. These other markets are hedged down to the penny. And then you have GPUs, which everyone is treating like power and oil, but which fundamentally still is not.”

Kelly Littlepage, OneChronos
5d ago

“I just thought this was super unacceptable When you’re a kid you’re like, ‘Oh, adults can always fix everything. And the realization that that wasn’t the case, and we all have these ticking time bombs inside of us, and that one day you could just get this diagnosis and that’s it? I kind of had an existential breakdown, honestly.

Celine Halioua, Loyal
5d ago

“We invested a lot in making a very nice UI with a graph, a very nice graph. And maybe it’s not important anymore,” he tells Upstarts. “It’s great, but I’m trying to forget it… you either reinvent yourself, or you will be replaced.”

Ami Luttwak, Wiz
5d ago

“Venture capitalists are no longer in the foundation model race, because they can’t be at this scale, so the narrative quickly becomes that the application layer is going to win,” says Kant. “If your incentive structure is oriented towards the application layer, that’s what you have to say,” adds Warner.

Eiso Kant, poolside
5d ago

“People ask me about the IPO and ringing the bell. I’m sure all of that’s going to be really cool and a fantastic experience. But for me personally, emotionally, after being this kid from this small city north of Stockholm, to actually stand in Bentonville at Sam Walton’s grave — and to realize that I will now have the opportunity to work with the biggest retailer in the world, that I’ve always been the biggest fan of — that to me is emotional on a different level.”

Sebastian Siemiatkowski, Klarna
5d ago

“I didn’t pattern match very well. Silicon Valley tends to look backwards at the previous generation of founders that made their funds a lot of money, and then that becomes the pattern match for the current generation of what’s hot or not.”

Celine Halioua, Loyal
5d ago

“I felt it with all my intuition. I told my wife, Jessica, who was pregnant: ‘This year is going to be a lot’. There are times in your life when you’re like, ‘Oh gosh we could not be more well-positioned.’ And if we passed this up, it would be the biggest mistake of my entire life.”

Garrett Lord, Handshake
5d ago