“Early-stage startups we love right now” with Indie Hackers’ Courtland Allen & Pioneer’s Daniel Gross | E1162

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 15 January 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Angel investor Jason Calacanis (Uber, Calm, Robinhood) interviews the world’s greatest founders, operators, investors and innovators. Get an insider’s look into venture capital, learn how to start and scale your own startup, and ride the cutting edge of technology in today's headlines and beyond.

Transcript

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1:00.0	Hey everybody welcome to this week in Starups I'm Jason Kelliccanis and one of the things I like to do is work with very early stage startups
1:07.6	But one of the things that's happened in Silicon Valley is as the market has exploded with the number of startups and the
1:14.4	cost of starting a company has gone down, well a lot of the VCs have decided
1:19.1	it's just too much work. It's too much work to work with a one to 10 person startup. So what a VC's done over the last couple
1:26.9	years? They've moved downstream. They are no longer in the orchard. They are no longer at the well. They've just moved downstream and they wait until
1:36.0	startups get traction and they get to a million dollars or two million dollars or
1:39.6	or three million dollars a year on revenue. 75 K a month, 150k a month, and then they pop in and try to
1:45.6	overpay for 20% of the company because you've reduced all the risk.
1:51.7	But that's not when startups need help. Startups don't need help when they
1:56.1	hit 75k a month. Then it's just about growth and scaling and management issues. It's a playbook when you get to a million dollars in revenue
2:05.2	and you can play the playbook.
2:07.7	The discovery phase, when you try to find a new idea, a new founder with a new idea, with customers who maybe are just super
2:16.4	inspired by it or even confused, that's where the magic is. But most people, as
2:21.7	their years go on in investing, move downstream. Why do they move down
	...

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