Insight certainty 4/5 debate potential 2/5

Empathetic board members can act as co-founder sounding boards

Rachel Drori · 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest · Mar 30, 2018 · at 14:41

Rachel Drori, sole founder and CEO of Daily Harvest, explains how her board members Alex Taussig (Lightspeed) and Carl Ford (BMG) serve as sound boards in place of a co-founder.

0:00 / 0:22exact quote · 22.2s
720p mp4 · rendered on demand · StarZero watermark
“Both Alex and Carl be the type of people that I can call. I can be a little vulnerable with, you know, I can, I will get that empathy, but they're also just wonderful sounding boards. So the decisions that one would usually make with a co-founder, I find that if I just call Alex or call Carl and have one of those conversations that, you know, I usually come up with a really wonderful solution for anything.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Rachel Drori

Disclosure
Drori rejected Series A term sheets to write her own
“So I actually decided to blow up the entire round and basically wrote my own term sheet and sent it back to everybody. And I said, Hey guys, little untraditional here, but this is how it's going to be. And I sent back the term sheet and I said, do you want to …”
Rachel Drori Mar 30, 2018 ▶ 11:01 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Opinion
Drori: Early male VCs failed to understand Daily Harvest's frozen food concept
“And the reason why is because I started speaking to people early on and I found that they just didn't get the business. It was mostly middle-aged men who I was talking to, and they would taste one of our first collections, which was smoothies, and they'd be li…”
Rachel Drori Mar 30, 2018 ▶ 8:27 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Assertion Not checkable as stated
Daily Harvest raised Series B in two weeks pitching six VCs
“I actually went out for the round. I only went out to six VCs, and I'd already had relationships. I already knew that I wanted to work with them, and I ran a true process, but in such a short period of time. First, instead of that six weeks that the other two …”
Rachel Drori Mar 30, 2018 ▶ 13:19 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Opinion
New York tech ecosystem lacks conviction investors at the early stage
“I would absolutely agree. So, you know, if you rewind to my story about raising my series seed, it was not easy. It's really hard to find people at such an early stage that will invest in a concept or an idea.”
Rachel Drori Mar 30, 2018 ▶ 16:28 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Insight
First-time founders must project confidence and fake a track record
“If you've never done it before, you have to pretend that you know exactly what you're doing because you really don't earn points for being a rookie, so, you know, people are looking to invest in people who have a proven track record. Well, guess what? If you d…”
Rachel Drori Mar 30, 2018 ▶ 17:22 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Insight
Work-life balance is impossible and founders must accept trade-offs
“I think before I had kids, there was this idea that you can have it all at some point, and I realized that that is just It's not possible, you know, and I think that it's an idealized vision that a lot of people have, like, oh, you know, I'll be able to do eve…”
Rachel Drori Mar 30, 2018 ▶ 20:19 20VC: Tearing Up Term Sheets and Writing Your Own, Why Founders Must Do "VC Dating" Pre-Fundraise & The Benefits of Capital Constraints in The Early Days with Rachel Drori, Founder & CEO @ Daily Harvest
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.