Sourcery Packy McCormick, Not Boring | How writing led to investing in Ramp, Scale AI, Replit, Varda
30 snips
Feb 14, 2025 
Packy McCormick, a writer and investor known for his newsletter 'Not Boring,' shares insights on how his writing journey transformed into a $50M VC fund. He discusses the art of storytelling in venture capital and highlights the magnetic traits of successful founders. Packy dives into the balance between intuition and analysis in investing while exploring the impact of vertical integrators in various industries. He also shares his hot takes on AI and reveals what he's most excited about for 2025.
AI Snips
Chapters
Transcript
Episode notes
Portfolio Highlights
- Packy's successful investments include Ramp, Scale AI, Replit, Chroma, Varda, Hadrian, and Pipedream.
- He favors larger investments based on strong conviction, noting smaller checks often fail.
Vertically Integrated Companies
- Vertical integrators combine hardware and software to create systems that are better, faster, and cheaper.
- They aim for higher margins and faster growth than incumbents.
Base Example
- Base, a battery company, integrates at the right level, focusing on battery pack assembly and installation.
- They benefit from trends like electrification and renewable energy, providing valuable grid services.