How to nail Monthly Investor Updates (FounderU) + Ginkgo Bioworks CEO Jason Kelly | E1239
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 1 July 2021
⏱️ 78 minutes
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| 0:00.0 | Okay, everybody, we've got an amazing show for you today. I'm really excited because Ginkgo, |
| 0:04.7 | BioRex, CEO, and co-founder Jason Kelly is here to talk about how they've created a $15 billion |
| 0:10.6 | business by creating basically the AWS, the cloud computing platform for synthetic biology. We |
| 0:17.2 | get into biosecurity i.e. the COVID-19 virus and gene editing and the ethics around designer babies |
| 0:24.3 | and dinosaurs, woolly mammoths, the whole bit. It's really science fiction and he's actually |
| 0:30.0 | unlike most science executives we interview. He's actually really interesting and jazzed up about |
| 0:35.5 | this. It's an incredible peak into the future and just how amazing biology is going to get |
| 0:41.9 | now that we can program it. But first, I want to do a segment as part of our fun segments, our |
| 0:47.8 | founder university, these new founder university segments. And I want to talk about why monthly updates |
| 0:53.6 | are so critical for you as a founder to get more downstream investments stick with us. |
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| 1:36.5 | So why are monthly investor updates so important? I have been talking about this forever. I did a |
| 1:41.8 | blog post years ago that if you're not getting updates from your founders, the company is going |
| 1:48.9 | out of business. And in chapter 27 of my book, angel investor, I said it very clearly. If your |
| 1:54.5 | startup is sending you monthly investor updates, it's going out of business. I would receive investor |
| 1:59.8 | updates from ubercom.com all of the great companies I invested in Robinhood on a regular cadence. |
| 2:05.8 | But from the companies that were failing, they didn't send updates. And this is a real trend so |
| 2:11.0 | much so that I put it into our side letters with our founders, not because I'm going to take legal |
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