Larry Cheng
@larryvc
Co-Founder, Volition Capital. Christian. Journaling general business thoughts. Public boards: $GME $GROV. Private boards: US Mobile, Rounds, and several others.
There’s an analogy here from @GeorgesStPierre to watching the price movements of a stock every day - results in nervous system overload.
MMA fighter explains overloading opponent
During this tidbit on the power law from my chat with @MikeGelb on the @ConsumerVC podcast, I was thinking about a conversation with one of my partners when we exited Chewy in 2017. He noted that Chewy had returned more than every other investment in our history combined. And,…
Improving retention the old-fashioned way: 16,000 A/B tests… @duolingo
Duolingo founder on the key to solving retention “The way we solved [retention] was just through trial and error,” Duolingo founder Luis Von Ahn explains. “By now, some of us have some intuition about what is good for gamification, but the reality is that most of it is just…
Following being rated the top mobile carrier by Consumer Reports, @USMobile has upped the anti on the Unlimited Starter plan. There are hundreds of millions of people paying more for less for their mobile plan. Pay less for more with US Mobile. reddit.com/r/USMobile/com…
I’m inclined to agree…
Boston is the intellectual capital. Not just of the US but of the world.
Levanta’s next-gen affiliate marketing platform now officially supports affiliates and brands selling on Amazon, Wal-Mart and TikTok Shop. Proud of everyone on the team for this milestone! get.levanta.io/tiktok/waitlist
How important is it to you that the Epstein files are fully released?
ROIC on acquiring customers and ROIC on acquiring businesses (with customers) needs to be put side-by-side to properly evaluate optimal capital allocation.
The time is coming when private companies will use their balance sheets to take positions in public companies given the arbitrage in multiples.
Pre-ordering Bag Man. Lew has been a pleasure to work with. Excited to read his story and the story of Coach.
Definitely feeling this trend in a positive way. The more bootstrapped companies there are, the larger the addressable market for growth equity.
Solo founders + agents are here
I’m an advocate of CEOs being external. By external, I mean having authentic and direct communication with customers, shareholders, and partners in the public square. Nameless, faceless, voiceless companies is a byproduct of a different era and is a competitive disadvantage.
Love this. For those who reach the highest heights this world offers, what they often realize is that it doesn’t fulfill their deepest needs. This is because we weren’t designed to be fulfilled by this world. Reminds me of C.S. Lewis: “If I find in myself desires which…
Scottie Scheffler just gave one of the best (and deepest) press conference answers ever heard.
Understanding what someone thinks is interesting, but the bigger unlock is understanding why someone thinks the way they do. The inquiry path for what is very different than the inquiry path for why but it’s worth it. What is just the tip of the iceberg - why is the iceberg.
New Investment Alert: Linkby. Excited about Volition's new $15M investment in Linkby, the leader in Performance PR. @JimFerryVC will be joining the board. volitioncapital.com/news/linkby-15… @volitioncapital
I need to remind myself that a primary observational bias we all have is we only observe situations in which we are present. Drawing conclusions from what we observe is common, but should be treated as a skewed sample as we don’t observe situations where we’re not present.…
Until his tweet yesterday, I had no idea that @BillAckman was an alum of Harvard Student Agencies (HSA) - as am I. Such a great place to learn about business and launch a business career.
