Sam Corcos

23 statements across 1 episodes · 9 bullish · 1 bearish · 1 people on the record · first statement Dec 11, 2023 by Sam Corcos · across every show →

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

Everything said about Sam Corcos, oldest first

Dec 11, 2023 positive
Insight
Corcos: Founders fail if they don't maintain explicit lists of investor asks
“The first and most important thing is you need to know what you need. If I say, how can I help? And you say, I don't know, you've already failed. You need to have a list of things that your, you and your team need help with, because you'd be surprised at how o…”
Sam Corcos Dec 11, 2023 ▶ 34:35 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Insight
Corcos: Founders must diligence prospective board members like potential marriage partners
“If you're taking on a board member, you need to do the amount of diligence that you would do if you're considering marrying this person.”
Sam Corcos Dec 11, 2023 ▶ 52:40 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Insight
Corcos: Fundraising transparency works when founders build internal trust
“If you've built up enough social capital internally, think of it like you've built up the trust bank with enough of enough credibility that people know that you're not lying to them, then it's totally fine. And it's never been an issue.”
Sam Corcos Dec 11, 2023 ▶ 24:12 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Insight
Corcos: Six Months Provides Enough Data to Judge Romantic Fit
“Usually you have enough data points within about six months to know if it's the right fit.”
Sam Corcos Dec 11, 2023 ▶ 1:07:23 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 neutral
Insight
Corcos: CEOs have a 1% impact on everything and no direct deliverables
“When you're the CEO, you have a one percent impact on everything, but you have Almost nothing that you can actually point to as your own work product.”
Sam Corcos Dec 11, 2023 ▶ 13:06 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Disclosure
Levels secures VC support via a dedicated asks section in updates
“In our investor update, we have an asks section. Of things that people on our team need or things that the company needs. And we very regularly get conversions from those from our, just sort of the broad outreach to our investors.”
Sam Corcos Dec 11, 2023 ▶ 35:06 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 neutral
Assertion Not checkable as stated
Corcos: VCs spend only an hour a month thinking about your startup
“They spend maybe An hour a month thinking about your company and you spend all day, every day thinking about your company.”
Sam Corcos Dec 11, 2023 ▶ 33:45 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Insight
Corcos: Employees outside an immediate team rarely identify low performers
“They actually very often don't. The people who work directly with them, maybe like the two or three people who are closest to them know, but everyone else at the company, if they end up leaving, it's a complete mystery why they left.”
Sam Corcos Dec 11, 2023 ▶ 19:36 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Disclosure
Corcos Manages Relationship Logistics With Wednesday Dates and a Notion Doc
“We do a weekly date night, which we have scheduled on Wednesdays. We do also every Saturday, we have scheduled family priorities where we have a running notion doc of logistics, things that we argued about that we want to talk about, just dedicated time just t…”
Sam Corcos Dec 11, 2023 ▶ 1:03:18 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Insight
Corcos: Startup talent quality follows a U-curve as companies scale
“I think in many ways there's also a U-shape to this, where in the very early days, sometimes you just hire the best person that you can get. Because you don't have a lot of choices. And then over time, as you see some amount of traction, you can attract really…”
Sam Corcos Dec 11, 2023 ▶ 21:03 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 neutral
Insight
Corcos: VCs Have Far Greater Market Exposure Than Founders
“The reality is that VCs or investors broadly just have way more exposure than a founder does. If you're a founder and you're working on your one company for five years. You don't know what's going on outside of your company. You don't have the capacity. You're…”
Sam Corcos Dec 11, 2023 ▶ 31:38 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Disclosure
Corcos: Levels raised capital primarily from multi-year investor relationships
“A lot of the people that we raise money from are people that I've known for three, four, five plus years.”
Sam Corcos Dec 11, 2023 ▶ 29:59 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Insight
Corcos: Employees must know company financials so they can contribute
“People should know the financial state of the company. People should understand what's going on because people can contribute to these things.”
Sam Corcos Dec 11, 2023 ▶ 25:07 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
What-if
Corcos: Founders Should Use Roll-Up Vehicles for Early Startup Fundraising Rounds
“If there's one thing I would have done differently is I would have used a rollup vehicle of some kind to just make the collection easier. Those weren't as common when we did our seed round. It was the round that had the larger number of people in it. Having a …”
Sam Corcos Dec 11, 2023 ▶ 45:48 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 negative
Insight
Corcos: Founders pitching investors with only one deck are doing it wrong
“If you only have one deck with one pitch, you're doing it wrong. You've got to try different avenues of attack. You've got to try different language. You've got to try different pitches to determine which of these work.”
Sam Corcos Dec 11, 2023 ▶ 49:33 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Disclosure
Corcos: Levels sent over 3,000 targeted investor asks with 50% conversion
“I think we've had something like more than 3000 specific investor asks that I've sent people. And I think our conversion rate is maybe 50% from that group, but pretty high.”
Sam Corcos Dec 11, 2023 ▶ 36:47 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Insight
Corcos: Founders Should Take as Many Investor Meetings as Possible
“I think you should take as many meetings and do as many pitches as you can.”
Sam Corcos Dec 11, 2023 ▶ 30:53 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Opinion
Corcos Prefers Direct, Full-Contact Investors Like Keith Rabois Over Passive Ones
“Keith from founders fund is known for being pretty full contact. And I. Talk to some people who really did not like working with him, but they didn't like working him. They didn't like working with him for reasons that I would actually enjoy working with him, …”
Sam Corcos Dec 11, 2023 ▶ 54:01 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 bullish
Assertion Not checkable as stated
Levels found early post-IPO company employees were their highest-ROI investors
“When we did some analysis on who our most ROI positive investors were, one of the biggest categories was early employees at post IPO companies. And these are people who have some amount of capital that they want to deploy, but maybe, you know, five, 10,000 dol…”
Sam Corcos Dec 11, 2023 ▶ 47:31 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023 positive
Insight
Corcos: Theater and performative salesmanship are critical when pitching big visions
“I think if you're trying to pitch a big vision for the future, theater is absolutely critical.”
Sam Corcos Dec 11, 2023 ▶ 50:08 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Assertion Not checkable as stated
Levels tracks investor engagement and has investors who ignored 17 requests
“We keep track of all of these things on how many emails we send, what the, Conversion rate is on those requests. And like, we have several people on the list that I've sent them 17 requests and they've converted on zero of them.”
Sam Corcos Dec 11, 2023 ▶ 51:24 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Insight
Corcos: Co-founders who cannot commit to CEO decisions should leave
“There's a point at which, you know, you can disagree behind closed doors, but once the path is defined, which is defined by the CEO, you've got to get behind it or you've got to leave. Frankly, like if you can't get behind the idea and you can't get behind the…”
Sam Corcos Dec 11, 2023 ▶ 11:42 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
Dec 11, 2023
Insight
Corcos: Pre-Meeting Rejections Are Wins Because Founder Pitch Time Is Finite
“The number of investors available is effectively infinite, and the amount of time that you have to pitch people is finite. And so if you can get them to say no before you have to spend any time with them, that's actually a win, not a loss.”
Sam Corcos Dec 11, 2023 ▶ 43:33 Sam Corcos: Why Founders Should Take as Many VC Meetings as Possible | E1093 · 20VC with Harry Stebbings
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