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Justin M. Overdorff
2,021 posts
Justin M. Overdorff
@jmover
Partner @LightspeedVP - fintech, stable coins, vertical AI. Capital markets junky - recovering MBS trader. Dad & Pittsburgh Sports Fan
“I am publicly tweeting my excitement about this web3 project because I bought in very early and would like to pass the bag to someone else for a quick flip by using my influence to create FOMO” ~ VCs on Twitter- That’s the sound of “fintech” companies realizing they are really just subprime lenders 😬
- Excited to share, I've joined @lightspeedvp as a Partner focusing on Fintech. I've known the Lightspeed team for many years (thx @semil ) & thrilled to be planting the firm's flag in NYC, which has become a keystone of the fintech entrepreneurial ecosystem
- Burn this hellsite to the ground
The secret hack to gaining tens of thousands of Twitter followers is consistently posting tweet threads, using surface level regurgitated content from Wikipedia to sound smart. That’s literally it - There's a larger than you'd expect group of current & ex fintech employees that are on speed dial w expert networks where we get paid unreasonably high hourly rates to explain "interchange" over and over to hedge / PE / VC funds - these are ppl that manage $Bs in AUM...
- Somehow there is a fund that managed to lead growth rounds in Bolt, Cerebral, and Celsius all in the last 2 years. Take that crew to Vegas ASAP.
- Me when a fintech founder tells me their underwriting model is their competitive advantage
- The Sequoia Fund is another signal in venture that not only is “adapt or die” mindset necessary, but further cements notion that the barbell segmentation (bulge bracket/big brand/ multistage vs boutique) is the only way to play & being caught in the middle is likely a slow death
- Going to the beach for a week w kids under the age of 5 isn’t a “vacation,” it’s a “trip” where your sole purpose as a parent is to entertain your kids like a court jester that is skilled @ sand related creative arts & preventing your kids from getting swept out to sea. #dadtoots
- Founders love it when VCs talk to their customers without their permission
- VCs have spent more time in the last 5 days chatting with the OpenAI Chatbot than talking to their own spouse or children
- On an expert network call re fintech. Investor intro: We specialize in financial services and want to better understand [fintech] Also the investor: We clearly don't understand how interchange works but we've raised a $2B fund and we are going to sling it with reckless abandon
