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Dominik Richter

15 statements across 1 episodes · 3 bullish · 3 bearish · 1 people on the record · first statement Dec 1, 2023 by Dominik Richter · across every show →

On the record as a speaker too: Dominik Richter's record, appearances and statements → this page counts the times other people say the name.

Everything said about Dominik Richter, oldest first

Dec 1, 2023
Insight
Richter: IPO price is completely irrelevant due to lockup periods
“The price at which you go public is completely irrelevant. Almost nobody sells at the price of the IPO. Everybody's locked up. And in the end, it just matters at the point sort of like when lockups are over, when somebody wants to sell, et cetera. So the price…”
Dominik Richter Dec 1, 2023 ▶ 46:34 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023
What-if
HelloFresh would never have started if founders knew the operational complexities
“And I think if you had talked to industry experts, whether that's industry experts in a CPG company, In a direct to consumer company, even though that concept didn't really exist back then, or at a supermarket, at a, at another food company, they all would hav…”
Dominik Richter Dec 1, 2023 ▶ 5:53 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023
Disclosure
Richter built university side businesses without funding using unpaid interns
“I started two businesses on the side during university without funding, basically with some of our own funds and. With free interns to do all of the work alongside myself and a friend”
Dominik Richter Dec 1, 2023 ▶ 3:58 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023
Disclosure
Early HelloFresh employees were expected to work until 10 PM
“I think back in those days Was very much expected of everybody to stay in the office till 10 PM.”
Dominik Richter Dec 1, 2023 ▶ 53:23 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023
Insight
Richter: Early founders must be able to recruit friends and family
“If you cannot convince some of your friends, family, or acquaintances to join your company, then either your idea is not that good, or you're just not a great salesperson.”
Dominik Richter Dec 1, 2023 ▶ 52:15 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 negative
Disclosure
HelloFresh CEO admits past share buyback yielded poor IRR
“In the rear view mirror, one of our share buybacks was at much higher levels than where the share price is trading today. So if I'm looking at the IRR of that investment, that was probably not a great investment.”
Dominik Richter Dec 1, 2023 ▶ 24:59 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 neutral
Assertion Not checkable as stated
Richter: The psychological high from sudden wealth fades within three months
“You have all those cases where people, you know, from one day to the next make a lot of money, for example, and that high sort of like goes away after Two or three months already.”
Dominik Richter Dec 1, 2023 ▶ 40:49 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 neutral
Insight
Richter: In-person work is essential for strategy, optional for execution
“Everything that has to do with planning that has to do with aligning on strategy, figuring out architecture, you know playing thoughts back and forth. These things work way better. I do think if you have a plan, if you need to deliver if it's like very clear, …”
Dominik Richter Dec 1, 2023 ▶ 54:27 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 neutral
Insight
Richter: Raising VC forces founders to either sell or IPO
“When you raise a lot of venture capital, you need to make a decision. Are you gonna sell that company or are you gonna take it public?”
Dominik Richter Dec 1, 2023 ▶ 0:00 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 bullish
Opinion
Richter: Launching a HelloFresh competitor today would be absolute insanity
“Now, if I look at that from the outside, it would be absolute insanity to launch a competitor to us as of today, given that for 10 years we worked through a lot of these complex problems.”
Dominik Richter Dec 1, 2023 ▶ 9:15 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 positive
Insight
Richter: Ignoring competitors as inspiration is extremely arrogant for founders
“So in my view, competition is, is a constant source of innovation and inspiration. I think it's extremely arrogant to not pay super close attention to competition. And I'm not only talking about your direct competitors. I'm also talking about in our case, all …”
Dominik Richter Dec 1, 2023 ▶ 56:27 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 negative
Disclosure
Richter was required to provide 5-year plans for early HelloFresh rounds
“I believe for my seed round and for my series A round, I've been asked about providing business plans for the next five years, which were obviously all made up, et cetera.”
Dominik Richter Dec 1, 2023 ▶ 45:25 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 positive
Insight
Richter: Complex business models create more sustainable long-term moats
“So that's why I like complex business model and complex problems. I think they're very often much more sustainable in the long run, and they also attract a lot less competition.”
Dominik Richter Dec 1, 2023 ▶ 9:26 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023 negative
Opinion
Richter: US market competition is 10x tougher than in Europe
“Everything that you know about competition will be 10 X what you'll find in the US.”
Dominik Richter Dec 1, 2023 ▶ 0:18 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
Dec 1, 2023
Assertion Not publicly verifiable
Early HelloFresh truck collapse shut down highway with 10,000 spilled potatoes
“I remember one very vividly, which was, I think we had a new record week. We had to source, I don't know the number any longer, but something like 10,000 potatoes. And you actually source 10,000 potatoes, which is like two big truckloads. And then the trucks a…”
Dominik Richter Dec 1, 2023 ▶ 6:39 Dominik Richter: You Only Have Two Options With VC Funding | E1089 · 20VC with Harry Stebbings
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