Eric Newcomer

I think it has some impact on your heft with founders.

Founders like winners, people who are making a bunch of money.

But I agree that you can't just look at returns and say those are the ones that are going to get picked by the series.

Yeah, I think good founders like tough investors.

Yeah.

But yeah, I agree.

Competition and capitalism forced all these venture funds to realize that founders were their main customer and therefore they needed to say they were super founder friendly.

And, you know, I think Benchmark's doing a good job with the rebuild, but having Travis and Emil running around being like, hey, screw founders over.

We did a survey with wing of top venture capitalists to rank up and coming companies.

And that does really well.

It's like great marketing for us, you know.

Everybody on the list tweets it out.

But we don't really put much behind a paywall because it's sort of meant to be read.

And so then it's not a very good subscription driver.

It's more just like brand building awareness influence.

And so really the challenge of any list is are you going to put it behind the paywall?

And for the most of the time, you wouldn't because you want it to get shared.

And so I think they're good for brand and like list building, but not great for subscriptions.

Whereas putting like documents or behind the paywall, you're going to get this resource of companies that you might invest in or whatever.

Behind a paywall, you know what you're paying for.