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21 results for “early stage investing”
Topic8 mentions across episodes
early-stage investing
...investing in founders sometimes before they even know what it is they're founding. Every once in a while, I'll see a kid pitching in a Little League baseball game or acting on a school stage or turning in a blockbuster science fair exhibit and think,
0:09 / 1:11
from transcript0:09 – 1:11
...of the multistage funds come earlier. I'm just doing a hypothetical scenario. It's a 3,000,000 seed round. Accel wanna do 2.4,
21:30 / 23:02
from transcript21:30 – 23:02
...funds will, over time, feel pressure to rationalize their fund sizes. They'll they'll do it slowly and they'll do it quote unquote deliberately. I do juxtapose that though just with the thought that like, you know, fifteen years ago, it was insane to
58:25 / 59:34
from transcript58:25 – 59:34
...that early stage support that takes you from, I think I have a sort of rough idea, but I don't really know what to do next and don't know how to shape it. And how can you help that person move a 100 times faster than they would by themselves? And so
3:51 / 4:59
from transcript3:51 – 4:59
...seed stage, you are much more price insensitive because the goal is not to win at that round. The goal is to be a part of every fantastic startup and then the ones that make it pour more and more capital into those over time because you've got a bill
10:24 / 11:40
from transcript10:24 – 11:40
And then I think going for a seed round and maybe trying to find an anchor seed fund who will put in 250 to a million. They would typically do 500 k. They put in 500 k, and then you could pass the hat with other angel investors for 500 k, and then de
1:02:13 / 1:03:15
from transcript1:02:13 – 1:03:15
essentially the earliest round of a startup or the second earliest. Friends and family would technically be the earliest. But the first institutional money is often called pre seed or seed. Pre seed, we came up with because the seed round started to
23:13 / 24:18
from transcript23:13 – 24:18
The second is is there's no pipeline problem of finding under invested entrepreneurs. There just isn't. If you talk about what you wanna do and do the work, it will happen. And that's what happened with the Opportunity Fund. So you certainly could ha
12:44 / 13:52
from transcript12:44 – 13:52
so you don't have any extra cash to invest. There's government grants that are very uncertain. And then VCs are kind of concentrating more and more towards experienced managers, large rounds, very sector concentrated in terms of AI, you know, and rel
32:13 / 33:15
from transcript32:13 – 33:15
...what's the right ownership amount, what's the right investment amount per company, how do we think about reserves and follow ons, And, you know, to enable us to to to execute the strategy we wanna execute. And we've chosen to to build a product that'
13:30 / 14:33
from transcript13:30 – 14:33
And so now you you have seed rounds that are like $4 or $5,000,000 To me, the purpose of a seed round is you have an insight about the future and you have a massive risk that you're hoping to take out. The ideal seed round is one which provides sligh
59:05 / 1:00:15
from transcript59:05 – 1:00:15
...funds come earlier. I'm just doing a hypothetical scenario. It's a 3,000,000 seed round. Accel wanna do 2.4, 2.5 of the 3,000,000 seed round, and then they've saved the rest for angels. They're not gonna let you come in and take 500 k or even 400 k a
22:22 / 23:50
from transcript22:22 – 23:50
...play at seed stage, you are much more price insensitive because the goal is not to win at that round. The goal is to be a part of every fantastic startup and then the ones that make it pour more and more capital into those over time because you've go
11:09 / 12:15
from transcript11:09 – 12:15
left and right and left and right. And it's hard getting funded the first time as an entrepreneur. It's also 2012. It's become a lot easier to get funded as a consumer business in the past ten years than it was then. But at the time, just everyone ju
18:00 / 19:03
from transcript18:00 – 19:03
And so you've got funds who are kinda chasing this hockey stick. Now, like, what goes up often comes down pretty steeply, so I think there are gonna be some shoes to drop in the coming years around some of these hockey stick companies. What's changed
6:37 / 7:50
from transcript6:37 – 7:50
before the launch. But, yeah, we got offered some money and we turned it down. We're like, we don't need your money at a low valuation. We had this, genius idea, which was we were going to in q one, we were gonna launch. By 2008, we were gonna have m
32:54 / 34:00
from transcript32:54 – 34:00
I think the main advice would be just to make sure that you know what that investor can bring to the table other than money. There is definitely many ways to get funding that are not receiving, direct investments. And just for founders to stay aware
14:58 / 16:00
from transcript14:58 – 16:00
...capital early. They're going, you know, into accelerators. There's a a 16 has a speed run accelerator. So, like, two or three of our founders from the launch accelerator, I think, have gotten admitted to that. Sequoia has the ARC program. Our friends
5:10 / 6:19
from transcript5:10 – 6:19
...on. But that definitely is, I would say, risky decision for a start up when you don't know how committed the insurer or the corporate is going to be and what their incentive is for you to join them. I think the main advice would be just to make sure
14:11 / 15:17
from transcript14:11 – 15:17
and being venture staff for about the last fifteen years before starting these funds in 2017. Okay. So you both founded your firms around the same time, but I'm sure your pals were very different. Can we talk about what it was like to raise your very
2:13 / 3:18
from transcript2:13 – 3:18
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