Kwok Chain

You are missing out the OG #1 venture fund / studio: Sutter Hill Ventures - https://kwokchain.com/2020/09/22/the-mike-speiser-incubation-playbook/ Success rate is a helpful metric, but it depends on which player/party is interacting with the Studio. Studios lend themselves well to Consumer fields which traditionally have lower exit multiples than B2B/Infra/Software. - Are you an LP? You can have great paper returns, but poor DPI over time. How do you feel being an LP not seeing that GP's are double dipping on equity grants at company formation for them to only secondary as fast as possible after a quick markup (easier done in the last few years in zero interest rate environment) arguably breaching fiduciary responsibility? - Are you a "Founder" getting hosed on equity? You do receive a ton of support and resources, but you're paying with the most expensive cost of capital (equity). Do you have full control of the company? What are the voting rights of your stock grants? Where does the buck truly stop? - Are you an early stage employee getting a sliver of the already somewhat upside down cap-table?

> We hope to ultimately build a Slack/Teams alternative designed for rich, asynchronous human interactions that encourage deep work. All I can say is keep going. I've been feeling the absence of this for a while, and have taken to making occasional videos on Loom to supplement live meetings and Slack messages. But it's a disjointed experience, and Loom is not trying to be a collaboration tool at all. It would be great to have a solution that does the whole thing end-to-end, with a focus on being more async-friendly than Slack. By the way, I downloaded the PingPong app, and it seems great. Are you selling subscriptions, or just putting the free version out there for now? P.S. If you haven't read this article on Figma's growth strategy, I'd take a look. There are some parallels with what you're doing -- i.e. SaaS, collaboration-focused, and attempting to dislodge incumbents with a similar list of features, but less focus on collaboration pain points. https://kwokchain.com/2020/06/19/why-figma-wins/

Mr Kwok already analysed these deals and gave them a nice little acronym: HALO https://kwokchain.com/2025/07/15/the-halo-effect/

Some interesting reads for you: https://www.reforge.com/blog/growth-loops https://kwokchain.com/2019/10/24/notes-on-superhumans-acquisition-loop… https://tomtunguz.com/feedback-loops/

Mentioned at the footer, but Kevin Kwok's article on data content loops centered around the Rich Barton Playbook is an awesome read as well: https://kwokchain.com/2019/04/09/making-uncommon-knowledge-common/

Kevin Kwok agrees: https://kwokchain.com/2019/08/16/the-arc-of-collaboration/

And just when "Why Figma Wins" is #1 on HN, we have Figma integration in Nim via Fidget: - https://github.com/treeform/fidget - https://www.youtube.com/watch?v=IB8Yt2dqZbo&list=PLxLdEZg8DRwTIEzU… - https://news.ycombinator.com/item?id=23584954 - https://kwokchain.com/2020/06/19/why-figma-wins/

This sounds like what Kevin Kwok was describing[0] in his recent essay, The Arc of Collaboration. Even down to using the Discord metaphor. Kwok says that Slack ended up being more of an exception handler when normal processes break down. Contrast to Discord, which is more of a meta-layer around games and integrates within game platforms. I wonder if Tandem is what will make collaborative communication ubiquitous, i.e. sales talks to engineering talks to design all from within their various environments. From TC: Tandem provides a virtual office for remote teams, complete with video-chatting and messaging capabilities, as well as integrations with top enterprise tools, including Notion, GitHub and Trello. [0] https://kwokchain.com/2019/08/16/the-arc-of-collaboration/