Ask an Angel! Startup funding overview, investor red flags, negotiating early-stage terms | E1694

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 10 March 2023

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Zach Coelius is BACK with Jason to take questions from founders and investors! They cover investing on Zoom post-COVID (6:07), diligence red flags (13:13), investor red flags (27:32), building relationships prior to fundraising (48:59), and more!

(0:00) Jason Kicks off the show

(1:21) Managing time as an angel

(6:07) Moving to zoom instead of the room

(9:50) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(10:54) Servicing new deals vs. existing ones

(13:13) Red flags to look for in a syndicate startup deal

(20:18) Coda - The All-in-one doc for teams, sign up for free at https://coda.io/twist

(21:47) Your options when there is no path to profitability

(27:32) Red flags when courting angel investors

(41:10) Contra - Get $500 off your first hire at https://contra.com/twist

(42:35) Assumptions that have evolved

(45:23) Recent learnings in the past few years

(48:59) Building genuine relationships with investors

(53:40) Difficulties in startups

(57:37) Negotiating terms on deals

FOLLOW Zach: https://twitter.com/zachcoelius

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	All right, everybody, the number one, most frequent guests on the program is back today.
0:05.0	Zach Colius is here for Ask an Angel.
0:07.5	We did it live on YouTube and we got a ton of great questions raising money on Zoom, post
0:13.8	COVID, red flags to consider when reviewing syndicate and startup deals as an investor.
0:19.2	And concepts that early in our careers, we believed in, but maybe we think differently
0:24.0	about now how you can form relationships with VCs before you build your startup and
0:30.0	investor red flags. What kind of people should you look out for as a startup founder that you
0:34.3	don't want on your cap table? And so much more stick with us. It's going to be a great show.
0:39.2	Zach is amazing. This weekend startups is brought to you by Vanta. Compliance and
0:44.0	security shouldn't be a deal breaker for startups to win new business. Vanta makes it easy for
0:48.7	companies to get a sock to report fast. Twist listeners can get $1,000 off for a limited time
0:54.1	at vanta.com slash twist. Coda. Coda is the all in one doc for teams. If you've got a stack of
1:01.2	niche workflow tools or you're buried in docs and spreadsheets, Coda is the doc that brings it
1:06.8	all together. Startups can sign up for free at coda.io slash twist and contra. Contra is a
1:13.3	commission free marketplace for freelancers and independent creators. Get $500 off your first
1:18.4	tire at contra.com slash twist. Okay, everybody. We're live on the YouTube right now with Ask an
1:25.2	Angel. This is a series that I've been doing for years with my friend Zach Colias. Who's that
1:29.3	Colias? He's a serial entrepreneur. He got into angel investing at early stage investing.
1:33.6	At the same time I did just about 10 years ago. Correct. Zach? Yeah, 2015 spring 2015. He runs
1:40.6	Colias Capital. That's his last name. C O E L I U S. You can follow him Zach Colias on Twitter.
1:49.3	As far as investors go, I have a sign behind me that says do the work. That sign's there for me.
1:55.2	Not for you all, but if you benefit from it, I'm super happy. But people who do the work in our
	...

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