How VCs think about deploying reserves & follow-on funding + Quaise CEO Carlos Araque | E1546
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 28 August 2022
⏱️ 50 minutes
🧾️ Download transcript
Summary
Sunday show! On VC Sunday School, J+M discuss how VCs deploy reserves for follow-on funding. (1:58) Then, Molly interviews Quaise CEO & Co-Founder Carlos Araque about his geothermal drilling business! (24:02)
(0:00) J+M tee up segments for Sunday!
(1:58) Jason and Molly talk about how VCs deploy reserves for follow-on funding and bankroll management
(10:31) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(11:47) Golden State Warriors impact on Jason's system-based VC team building philosophy
(15:48) J+M tee up today's TWiCS interview!
(22:46) Neo.Tax - Get $500 off R&D tax credit fees at https://neo.tax/twist
(24:02) Quaise CEO Carlos Araque joins to break down his business: drilling to unlock geothermal energy
(33:03) Helpware - Go to https://helpware.com/TWIST to get $1000 off your first invoice
(34:10) Carlos explains the size of Quaise's opportunity and how he raised $50M+ Series A for a deep tech project, what their business model will look like, and more!
Check out Quaise: https://www.quaise.energy
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, happy Sunday, everybody. |
| 0:01.9 | Welcome to the podcast. |
| 0:03.0 | No day of rest. |
| 0:04.0 | None. |
| 0:05.0 | None. |
| 0:06.0 | That's right. |
| 0:07.0 | It's Sunday. |
| 0:08.0 | We got a great VC Sunday school. |
| 0:09.0 | We're going to talk about the nitty gritty of deploying your reserves and how VCs recycle the |
| 0:14.0 | first set of reserves to put into their big winners. |
| 0:16.8 | It's a great segment. |
| 0:17.8 | Malin, have a great discussion. |
| 0:18.8 | Yeah. |
| 0:19.8 | This is a high level stuff. |
| 0:20.8 | Pass, like just thinking about investing in a company, but thinking about how to invest |
| 0:24.4 | as a fund, 200 level, 200 level VC Sunday school. |
| 0:28.9 | I grow a management as we say in poker. |
| 0:30.9 | Nice. |
| 0:31.9 | And then it's another great this weekend climate startups. |
| 0:35.4 | I interviewed Carlos Arake, the co-founder and CEO of Quays, developing drilling systems |
| 0:40.0 | to access deep geothermal energy. |
| 0:43.1 | We talk all the time about nuclear and solar and wind and whatever. |
... |
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