Carl Tashian

A SAFE and convertible note had a baby and Wilson Sonsini Goodrich & Rosati was the midwife- out popped the D-SAFE! 👶🏽🎉 A new #climatetech funding instrument was announced by Elemental Excelerator last week. One of the company’s main goals is to support smaller, up and coming companies during the awkward “Scale Gap” phase between #VC funding and natural growth. It’s called the #DSAFE (Development Simple Agreement for Future Equity) and it aims to aid the process by giving companies a small amount of cash to overcome initial risks and expenses during the developmental stages of a product launch or company. How does it work? D-SAFE has a redemption clause meaning companies can choose to have their payments offered as a loan or convert to equity at the investor’s discretion. Funders and companies will have clear communication and expectations about where the money is going and how it will be applied to either the company or the projects at hand. Financiers and companies will work together with more #transparency, and that’s a great boon for #startups and VC alike. As of this month, Elemental has already invested using D-SAFE in eight different companies, including Dimensional Energy and Origen — both companies investing in innovative and out-of-the-box solutions to environmental issues! Seems like a win-win on the surface. What do you all think about the D-SAFE? Alfredo Coppola Momoka Ueda Tim Wagner Stephen D. Torres Olya Irzak Natsuho Toyama Noriya Tarutani Shin Ogawa

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You know there's some momentum happening if Marty Cagan decides to write about a product topic you've been at work trying to enable for years. Love to see it, and BIG shout out to Stacey Langer for providing her expertise in this article! 🧘‍♀️ Here are a few other pros that came to mind for the product model: 1. The government product model makes product (public) value and risk management possible. Product risks—such as value, desirability, viability, and feasibility—are not risks that traditional project management models can effectively manage. Government agencies interact with the public through the services they offer, but government digital experiences are not always inherently valuable. It’s what these digital services do for users that create individual and public value. Building tech alone ≠ value. 2. Evidence-driven decision-making uses discovery, iterative delivery, and testing with actual end users, where you continuously learn. This enables many things, mainly building with your users while validating the solution direction. It can also enable an incremental funding option specifically for products/services (traditionally called ‘projects’) that are especially complex, high priority, and/or contain many unknowns. 3. Driving technology from a place of vision and strategy measured in outcomes that can align and even influence policy changes. 🤸‍♀️ Some realities in trying to adopt a product model in gov: 1. The word ‘product’ often can be confusing, especially when it doesn’t fully represent what is being built and managed. A lot, if not most, of the technology work happening in government often involves solving service design challenges. So, in gov products, you focus on solving for the end-to-end experience, which can mean processes and non-tech things. 2. Conway’s Law and government systems replicate the organizational structures in agencies, which are often siloed and isolated. This is often represented as 'legacy tech.' Much of the work in 'product' in government is modernizing legacy systems, which requires the same principles as the product model but often a different emphasis on its varied approaches. Not all products or digital services start from the same place; many are not greenfield. 3. Traditional ATO structures can stop the product operating model in its tracks. To overcome this, it is important to integrate the ATO into the product model, utilizing a ‘continuous ATO’ operating model. But see point 2 above. At the end of the day, the product model isn’t a process you learn to implement and then just implement. It’s not just ‘Agile’ or Scrum or DevOps. Those methods can (or sometimes can’t) enable the product model. It's a mentality and discipline for continuously using new inputs to deliver value throughout a product's LIFE. It's a cultural change as much as an operating change, and there is no 'single way' to do it. However, operating from product thinking principles can help us start from the right place.

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'We do not plan to buy any software because we do not have enough SPP projects at the moment.' This is a common objection we generally hear from companies. Here's the problem with that: Currently, approximately 2,000MW SPP is being realized at different stages in a medium-sized country. The vast majority of them are +10MW. - Almost all of the EPC companies that make these investments use a lot of software at different stages, including pvX. - These EPC companies lose maybe 3 times the projects they receive, but thanks to the software they use, they can make much more investments and increase their chances. - The common feeling of investors: Trust. With pvX, we are solving these problems exactly. How 💸 We expand your potential SPP portfolio by reducing your sales costs. 🌱 We seed many more projects, and the seeds will sprout over time. 🚀 We get your ready to act, before you even need to. If you'd like to have a quick chat about strategies to increase your SPP projects and save cost, Here's my availablity: https://lnkd.in/dnXz4_K2. I will be at #REplus Anaheim next week. #trypvX #replus

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Ever since we launched SHAKTI, every quarter we write a letter to our LPs = Each letter includes an update on the portfolios, the GP's (our) view on the zeitgeist, an interview with a portfolio CEO and an interview with a TITAN = So far, we have 16 such letters = it's been on our "to do" list to share these publicly (i am lazy) = then Google comes along to save lazy people like me (thank you NotebookLLM) = here's a 10 min podcast summarizing our journey since Dec/2020 with the 16 LP letters as source = if you wanted to know what we are about, this is a pretty good place to start = https://lnkd.in/db7K2TrT cc SHAKTI

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Great podcast with Bret Taylor (CEO Sierra). Stellar communicator. Covers a lot of ground. One area he touches on are engineering changes instigated due to agentic frameworks. Resonates with a lot of the work we are doing at Doyen AI. A few nuggets - engineering moving from rule-based to goals & guidelines, increased focus on statistical approaches for managing non-deterministic systems, core agentic components are (a) knowledge of the business, (b) knowledge of business processes, and (c) knowledge of underlying systems for actioning. Worth a listen! #agents https://lnkd.in/ezdghk_v

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"Editors note: Welcome to issue #2 of Transcriptions. Today, we’d like to present a conversation between Qasar Younis of Applied Intuition, and Bilal Zuberi of Lux Capital. We discovered Qasar recently, and find his focus and clarity of thinking to be admirable. What follows is a lightly edited transcript of their talk, first held at the Paklaunch forum." Link to transcipt: https://lnkd.in/gH4uBmPE

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I spoke with Eric Ignasik and Michael Sols from The Software House about dealing with silos at work. 🎙️ We discussed how Technology Managers can help their engineers gain deep operational expertise and take full responsibility for product/feature delivery. The best practices I described in this interview come straight from Payhawk. It doesn’t mean they can simply be copied — but they might be inspiring to some. Happy reading 👋🏼 ➡️ hubs.ly/Q02xn9j-0 #softwaredevelopment #cto #softwaredelivery

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Want a front-row seat to the frontier of tech? We’ve got the role (or two) for you! We’re expanding our frontier-tech team at Blackbird by hiring a Frontier Tech Investments Associate and Foundry Fellows! Got questions? We've got answers... 1️⃣ What are the roles? 🧪 Associate = a full-time VC investment gig in our Blackbird Investments team, working directly with me. We’re looking for someone with a science and/or engineering background and more curiosity than they can handle. You’ll grow your own investment brand and practice, support our portfolio founders, and will help build Foundry, our early-stage frontier-tech accelerator. ✨ Foundry Fellow = a casual/contract gig in our Blackbird Investments team, ~15h per week for 3 months. The Fellowship is ideal for PhD students and ECRs who want to learn more about startups and VC. You’ll go deep on emerging areas relevant to your expertise (or curiosity!), get a front-row seat to groundbreaking companies in those areas, build out your non-academic network, and develop a solid writing practice. 2️⃣ Why are you hiring? We love frontier tech, and we’re ready to grow our team. 3️⃣ Wow, it’s so great that you’re starting to look at deep tech! Look, we get it: we don’t make a lot of noise about our frontier tech investing. Buuuut we’ve been deep-tech investors since we backed Tim Kentley-Klay to found Zoox back in 2014—we’ve been on incredible journeys with PsiQuantum (building the world's first utility-scale quantum computer right here in Australia!), Inventia Life Science (transforming drug discovery with high-fidelity cell models), Remedy Robotics (surgical robots for remote endovascular procedures), Opto Biosystems (minimally-invasive neural implants to treat cancer), and more. We believe that frontier technologies, and great frontier-tech investing, will be part of the solutions to the greatest problems humanity faces today. 4️⃣ When do applications close? May 31st at 11:59pm AEST. 5️⃣ I have more questions! I’m sure you do! Clare Birch and I are hosting an AMA to answer any and all questions about these roles. Want to know what a week in the life of our team looks like? What’s keeping us up at night? What our ideal candidate looks like? Come along and find out - registration link in the comments 👇 Apply for these roles: Associate - https://lnkd.in/gCfj4EUJ Foundry Fellowships - https://lnkd.in/gj6ATZVZ If you know anyone that we should meet, send me their details! Cameron Elise Ben Andrew Robin Joseph Adelaide James Olivia Lucinda Raghav Jesse Christie Mohamed Tom Amee Pablo Haya Loong Hon Joshua Benjamin Megan Harry Denzil Matthew Diana Daniel Tom Deanna Justin Amar Lilly Stone Thomas

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