How not to drive your company off a cliff; Getting a breakout role; Gen Z VCs
Where women in tech lead, shape and fund the future.
Welcome to Femstree't’s life online. I’m Sarah and this is the 248th edition of Femstreet. It’s been a - Netflix documentary levels of ridiculous - wild week with mostly tech-bros in the spotlight uncovering a whole world of fraud and greed. So here we are to shine light on female voices. If you enjoy this issue, please share it with your friends and like it above.
What are you most afraid of? Confessions of a girlboss. Why today’s essential skills are anything but soft. When trust is on a fault line: on FTX, innovation, and markets. The power of meme and impacts of our imagination. What the future of CVs and online credentials might look like. Vedika Jain got promoted to Partner at Weekend Fund. FTX infamously collapsed this week from a $32B empire to filing for chapter 11 bankruptcy. What does that mean? And former Lightspeed Partner and FTX Venture’s Head Amy Wu resigns.
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From builders and investors in our universe…
“For companies whose identity is “winning” and continually-bigger valuations, and whose employees expect guaranteed cash and short-term wealth, it is a rough adjustment. [...] It is an unpopular view, but startups are not for everyone. Startups are not for people who panic in times of crisis, they are not for people who want to work 9-to-5, and they are not for people who seek financial stability or a cash salary competitive with FAANG. […] Almost every founder is now navigating rough waters.” - Sarah Guo
Don’t squander that cash. Get through the fourth launch.
Capital is no longer floating endlessly. You have raised a lot of cash but are nowhere near PMF? Many startups very recently went from “working” to “not working.” Revenue growth went from fast and “hitting plan” to linear at best and shrinking at worst. The unsaid industry suspicion is that many of these companies, even the heavily funded ones, are the walking dead. Conviction’s Sarah Guo shares what you can do as a founder to not fall off the cliff…Read more.
Maximising your chances of getting a breakout role
Breakout opportunities allow you to develop skills, build relationships and gain experiences that lead to rapid growth. If you’re looking for a breakout opportunity, you’re really looking for breakout connections. As the most valuable skills can’t be taught, but can be learned, pick people, not companies, to work with. Vedika Jain of Weekend Fund on how to see, identify and land a breakout opportunity…Read more.
The three stages of a Product Manager's career
Career growth is not like one straight line. Career guides with their grids of skill by level reinforced the idea that we all had the same job and skills, just at different levels of mastery. What does it mean to expand your scope and brand new responsibilities? Product Management leader Jackie Bavaro on the three stages of a career in Product and how the entire definition of being “great” changes at each stage…Read more.
“You’re destined to chase trends, rather than anticipate and set the trend. The best VCs are the ones establishing narratives for new net categories and setting the trend. That’s where the real returns come from.” - Maya Bakhai
The young people working in venture capital
Venture capital didn’t always have cultural cachet but it’s become the ideal job for the curious, and young generalists. Gen Z VCs are highly attuned to the mechanics of personal branding, leveraging age — and to an extent, inexperience — to their advantage. But venture is a marathon, not a sprint. The reliance on social capital, instead of subject matter expertise, is risky. Influence is often mistakenly conflated with individuality and intelligence. Some of the new emerging investors in the mix will do very well during the next cycle but many founders will seek advice from more seasoned investors. Dirt’s Terry Nguyễn went deep on Gen Z VCs and whether their takeover might prove to be brief…Read more.
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In case you missed it
Thank you for reading. See you next Sunday👋
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Written by Sarah Nöckel, Investor at Northzone. Born in Germany. Based in London