How VCs size their bets + Ben Birnbaum of TeraWatt and Keyframe | E1620
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 27 November 2022
⏱️ 56 minutes
🧾️ Download transcript
Summary
On VC Sunday School, Jason and Molly discuss how VCs size their investments (1:40). Then, Molly is joined by Ben Birnbaum of Keyframe and TeraWatt! (13:17)
(0:00) Molly tees up today's topics!
(1:40) Jason breaks down how VCs think about bet sizing!
(11:43) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(13:17) Molly welcomes Ben Birnbaum of TeraWatt and Keyframe to discuss his background and why he started TeraWatt!
(27:07) Odoo - Get access to all of Odoo's apps, services, and maintenance for under $25 at https://odoo.com/twist
(28:15) Ben explains the current state of commercial EVs and TeraWatt's progress
(34:05) How TeraWatt spawned Keyframe, where Ben is an investment partner
(38:20) House of Macadamias - Get 20% off at https://houseofmacadamias.com/twist by using code TWIST20
(39:47) Ben explains how and why he started an investment firm to fund his own startup (and startups like it!)
Check out TeraWatt: https://terawattinfrastructure.com
Check out Keyframe: https://www.keyframecapital.com
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
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Transcript
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| 0:00.0 | All right, everybody. We hope all of you who are our listeners in the US have been enjoying a nice |
| 0:04.6 | long Thanksgiving weekend. We're back at work with a great show for you. First, we're going to talk |
| 0:09.7 | about bet sizing on VC Sunday School How, when you're thinking about structuring your fund, you |
| 0:16.0 | decide how much to put where and how to maximize, of course, those big power law returns. Then, |
| 0:22.5 | in this week in climate startups, we've got Ben Bernbaum of Terawatt and Keyframe Capital, |
| 0:27.9 | joining to talk about how to supercharge commercial EVs, raising a billion dollars in the series A, |
| 0:34.0 | starting a venture capital firm while running a startup, and much more. Stick with us. |
| 0:38.5 | This week in startups is brought to you by Open Phone. As a startup founder, a lot of mistakes are |
| 0:44.7 | easy to roll back. But using your personal cell phone number as your company number isn't one of |
| 0:49.5 | them. Open Phone makes it easy to get business phone numbers for you and your team. Right on top |
| 0:55.1 | of your existing devices. Visit OpenPhone.com slash twist to get 20% off your first six months. |
| 1:02.0 | ODO is a fully customizable and fully integrated suite of business apps that lets you build and |
| 1:07.8 | scale your stack as you build and scale your business. ODO is now offering all of their award-winning |
| 1:13.6 | applications, services, and maintenance for under $25. To learn more, go to ODO.com slash twist. |
| 1:22.9 | That's ODO.com slash twist. And House of Academias is the next big health trend. |
| 1:31.1 | Get 20% off your first purchase at House of Academias.com slash twist by using Code Twist 20. |
| 1:40.5 | All right everybody, Sunday, Sunday. Time for VC Sunday School because the learning |
| 1:45.9 | never stops. And hopefully everybody had a great Thanksgiving. Oh yeah, right Sunday. |
| 1:51.5 | Thanks for Sunday. Happy Sunday everybody. I hope you're just like eating pie and relaxing and |
| 1:57.2 | maybe the family. You should be down to the last slice or two now, right? If there's it's Sunday, |
| 2:01.7 | you got like maybe one slice of cucumber, like maybe half a cross to the pumpkin pie. |
| 2:06.2 | You're going to need two dinners. We do. There's no match. If you got mashed potatoes or stuffing left, |
... |
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