1 /
Thank you @chamath for your interest in public service and improving #California. To help your exploration, I offer a due diligence list for your consideration: https://twitter.com/chamath/status/1354104976457355265
2/
Ensure you understand the competitive landscape and history of new entrants without political experience. Be sure to talk with @MegWhitman @CarlyFiorina and @HowardSchultz as a start
3 /
Commission some confidential quality opposition research ASAP. Ask them whether "uber confident" is a compliment. Better to read what is known and knowable before seeing it in print
4/
Test your MVP. See how voters react to ideas like:
Facebook: We can run government better than you
VC exec calls for 0% tax on millionaires
Voucher privatization: the only answer for our failing public schools
5/
Do some in-person customer (voter) visits:
Ride BART to your next portfolio company visit.
Take Amtrak to Fresno & hold a focus group there on economic development.
Be a principal for a day at a junior high in Riverside.
Volunteer helping vaccinations at Dodger stadium.
6 /
Get some media feedback; do some interviews for some free earned media:
@JohnDiazChron and the @sfchronicle editorial board
@cmarinucci
@johnmyers
@DanCALmatters
7 /
Consider a pilot in SF politics. Run for SFUSD board or SF Board of Sups to learn the civility of campaigns and the ease of governing
8 /
Check the personal ROI of the investment (see #2). Compare notes with @Benioff @pierre @laurenepowell on their investments in improving #California
9 /
Hire a hard ass CFO for the work. Make sure they start with no for an answer, and ask all vendors what their commission is on their advice to spend more $.
10 /
Be objective on the due dili, and get your investment committee to agree on the decision by a unanimous vote.
I look forward to their recommendation before seeing the A round term sheet.
Good luck!
You can follow @Lenny_Mendonca.
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