5 • 1 Ratings
🗓️ 24 April 2025
⏱️ 77 minutes
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0:00.0 | So that conversation, that makes me think back to the original post about cursor. |
0:13.0 | And it's like that environment is very hot, it's very saturated. |
0:17.0 | But you've got a team that we know works 17 hours a day seven days a week so even if |
0:21.9 | they're in trouble today like they're never going to be sitting back so yeah it's just an |
0:26.4 | interesting one like what is a good founding team look like now we don't invest in founders with |
0:32.1 | kids they don't focus enough an investor said to a, do kids make better founders or worse founders? |
0:38.5 | Let's try and be as pragmatic as possible, given the biases on this call. |
0:44.8 | I think that the other point is the ease to get good UR, UX now has also reduced your moat, where tools used to be able to create a moat, |
0:58.0 | their investment in good URUX, so that end users weren't going to switch to a cheaper tool |
1:03.8 | because it was a more painful experience from them from a user experience perspective. |
1:07.8 | Whereas now that is also being commoditized. It's cheaper to implement than it ever |
1:11.9 | has been. But it is bloody hard. Like, Vicki Forrest's opening stat to the delegates on the mission |
1:19.4 | is that in the US, only 0.5% of the startups that are seeking to raise capital, capital, |
1:25.6 | actually successfully raise. And that's in the most capitalistic economy with the greatest number of VCs and quantum of |
1:32.2 | capital to be deployed. |
1:41.5 | You're going to hate the stock and birds on this one, Don? |
1:43.8 | Yeah, I can already hear it, but I'm just going to just quickly give me a quick moment to meditate and calm myself. |
1:51.6 | Okay, all good. |
1:53.5 | Aaron, your trip has looked epic. |
1:56.3 | It is so bloody good. |
1:58.2 | My last time I came over here was with Benny Southall and we were kayaking. |
2:02.5 | And this time, it's just, it's right here on our doorstep. Like, why am I not here more often? |
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