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Rief Ventures News
Insight into what we are thinking, what we're up to at the fund and our ventures elsewhere
As a reminder, Rief Ventures is an $8.5m early-stage fund, investing in pre-seed & seed stage technology businesses.
What We're Consuming:
What Happened in 2022 & What Will Happen in 2023, according to Fred Wilson.
Howard Marks on the "Sea Change" occurring in the market.
Stanley Druckenmiller on the economy, interest rates, and the next 10 years.
Alex Wang on the state of AI, startup building, AI in defense + ethics and learning to think.
Amjad Masad on designing the future of software.
A tweetstorm from Brad Svrluga on a dangerous degree of optimism that this recession is a little blip that will soon pass.
A Fireside Chat with Sam Altman and Elad Gil.
Let's build GPT: from scratch, in code, spelled out by Andrej Karpathy
What We Are Up To:
Listen to Austin on The Crazy Ones podcast.
We have co-working space available at Morning Brew. Hit us up for a portfolio company discount.
We have access to EAs, Growth Marketing, Finance, and Operations talent in Sri Lanka for 1/3 the price of U.S. If you want to connect with Oceans, let us know.
Our General Thoughts On The Market
As we stated earlier, we are encouraging founders to pull back on marketing spend and headcount. Across our portfolio, our founders are diving deep to truly understand their unit economics and runway, while working on a path towards being "default alive". We believe the founders who spend this year staying lean and focused will be the most successful, and come out of 2023 ready to grow when the market rebounds.
While we are more excited about AI than ever, we are being extremely diligent - as we recognize it as the current "hype cycle". Thus, we have passed on multiple opportunities in order to maintain our high bar. We'd love to continue learning and sharing opportunities - so do not hesitate to reach out if you know talented engineers working on AI or you believe you can be a resource to the founders we are meeting.
If you want to discuss staying focused, business financials, or anything else, we'd love to chat.
Meet Up:
Miami: Blake will be in Miami from January 26th-29th. If you will be there, let us know. We'd love to meet up!
Best,