# Packy McCormick

> Packy McCormick is the founder of Not Boring, a weekly newsletter with 250,000+ subscribers that covers technology, business strategy, and startups through long-form essays. He also runs Not Boring Capital, a solo-GP venture fund with two funds totaling ~$38M invested across 79+ companies. A former investment banker and startup operator, he turned a writing homework assignment into one of the most-read independent tech publications, pioneering a 'media flywheel' model where newsletter content and venture investing reinforce each other.

- **Role:** Founder at Not Boring / General Partner at Not Boring Capital
- **Organizations:** Not Boring, Not Boring Capital
- **From:** Bryn Mawr, Pennsylvania, USA
- **Nationality:** American
- **Education:** Bachelor of Arts in Economics, Duke University, Writing Fellowship / Course, Write of Passage (David Perell)
- **Known for:** Built Not Boring newsletter from 20 subscribers to 250,000+ in under 5 years, Raised and deployed two venture funds totaling ~$38M as a solo GP with no institutional backing initially, Invested in 79+ companies across 19 verticals including two unicorns (WRITER, NexHealth)

## Career timeline

- **2009** — Graduated Duke University with BA in Economics
- **2009-2013** — Investment Banking Associate at Bank of America Merrill Lynch, New York
- **2013** — Joined Breather, a venture-backed real estate startup, as General Manager of NYC Operations
- **2018** — Promoted to VP of Experience at Breather; managed teams of up to 150 people
- **2019** — Enrolled in David Perell's Write of Passage course; launched 'Per My Last Email' newsletter with ~20 subscribers
- **2019** — Left Breather; attempted 'Not Boring Club' events business (failed after COVID)
- **2020** — Rebranded newsletter to 'Not Boring' on April 2; grew from 400 to 125,000+ subscribers in two years
- **2021** — Launched Not Boring Capital Fund 1 (~$8-10M); formalized media+venture flywheel model
- **2022** — Raised Not Boring Capital Fund 2 ($30M); newsletter reached 200,000+ subscribers
- **2023** — Continued expanding portfolio to 79+ companies across 19 verticals
- **2024** — Made investment in Merit Systems (October); continued weekly essay publishing
- **2025** — Portfolio exit: LiquiFi (July 2025); published deep dives on a16z and venture capital addressable value

## Achievements

- Built Not Boring newsletter from 20 subscribers to 250,000+ in under 5 years
- Raised and deployed two venture funds totaling ~$38M as a solo GP with no institutional backing initially
- Invested in 79+ companies across 19 verticals including two unicorns (WRITER, NexHealth)
- Pioneered the 'media flywheel' model coupling newsletter content with venture capital
- One of the most widely-read independent tech strategy writers in the world
- Appeared on Harvard Business Review podcast to discuss Web3 commerce
- Featured on Acquired podcast, one of the most prestigious business podcasts
- Developed 'Sponsored Deep Dive' format that transformed B2B content marketing for startups
- Grew newsletter revenue from $0 to $1M+ annual run rate
- Sold Bitcoin for Oktoberfest (the $2 million mistake - owns it openly)

## Latest updates

- **2025-07** — Portfolio exit: LiquiFi acquired
- **2025-05** — Published 'a16z: The Power Brokers' - deep analysis of Andreessen Horowitz's fund performance (11.3x Net TVPI for Fund III)
- **2025-03** — Published analysis on $1B+ exits and $5B+ raises in 2025 venture landscape
- **2024-10** — Invested in Merit Systems
- **2024-01** — Continued weekly Not Boring essays and Not Boring World community content

## Links

- Website: https://www.packym.com/
- LinkedIn: https://www.linkedin.com/in/packym/
- Twitter/X: https://x.com/packyM

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Profile page: https://yespress.io/packy-mccormick
Published by YesPress — https://yespress.io
Last updated: 2026-04-23