What founders can escape venture's no-man's land? (w. Anu Hariharan update)

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 29 November 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Anu Hariharan, who previously led YC Continuity, has partnered with two of her former colleagues and former Brex executive Lucas Fox to launch a new fund, Avra. The fund aims to raise about $350 million and operate a program that some are referring to as a “YC for growth.” In light of the news, we’re throwing it back to a conversation we had with Anu earlier this year: Alex spoke to Anu back in August, after she tweeted about how "great" founders were successfully guiding their companies towards cash flow positivity. Since that very interesting post, both Instacart (a former Y Combinator company) and Klaviyo have filed to go public. And both have super strong cash flows. Our chat could not have come at a better time. We dug into how early- and late-stage startups should approach growth and cash conservation (in her view), the future of venture as an asset class, and how healthy the unicorn herd really is. We had a blast recording this one! Enjoy! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:15.3	Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and the nuance behind the headlines. My name is
0:19.3	Alex and this is our Wednesday show where we sit down with a guest, think about their work, and then unpack the rest.
0:25.8	Now, earlier this month, Techwants reported that Anu Hari Haran, who led YC continuity before that was scrapped,
0:32.6	aka the Y Accommodator Growth Investing Initiative,
0:36.0	has partnered with two of her former colleagues
0:38.2	and former Brex Executive Lucas Fox
0:40.8	to launch a new fund that is targeting a raise of about 350 million dollars and will
0:46.2	operate along a similar program to what they were doing previously at YC.
0:50.5	So today we are throwing it back to a conversation we had with Onu earlier this year
0:55.0	about what makes a great founder, cash flow break even status amongst later
0:59.6	stage startups, and even a look at the future of IPOs.
1:03.5	So if you are a later stage founder, this one's for you and I think everyone should enjoy it.
1:07.0	So please listen on, let's have some fun.
1:09.0	Today we are joined by Anu Hurry-Haran. She was previously at YEC's later stage investing team.
1:17.0	She also worked at Andreessen Horowitz. Before that, the Boston Consulting Group. She has been around, she knows a lot, she's on the board of Avis, Brex,
1:23.6	whatnot, Monzo, Rapi, and Zepto, and she had a really great tweet. So we
1:27.8	absolutely had to have on the show, Anu, welcome to Equity. Thank you for having me
1:31.2	Alex. Great to be here.
1:32.6	I'm very excited about this whole conversation
1:34.5	because there's a lot to get through with the recent IPO filings
1:36.9	and all of that.
1:37.7	But I know you're no longer at YC
	...

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