Prediction Didn’t hold up AI assessment confidence: 99% certainty 5/5 debate potential 3/5

MasterClass will be in every American home within five years

David Rogier · 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass · Apr 26, 2019 · at 27:29

David Rogier, founder and CEO of MasterClass, outlines his five-year vision for the company to 20VC host Harry Stebbings.

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“It will be in every home in America. And then after that, we will go more internationally and broad.”

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 David Rogier

Disclosure
Michael Deering invested $500K in David Rogier before he had an idea
“And he basically invested half a million and told me to go think of an idea.”
David Rogier Apr 26, 2019 ▶ 4:23 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass
Insight
A founder's single job is preventing cash exhaustion
“I have one job, and that job is to make sure that we never run out of money. The only thing that can kill a startup is running out of cash.”
David Rogier Apr 26, 2019 ▶ 7:46 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass
Insight
Early-stage startups should rely on a single advisor to preserve speed
“One of the most important things at early stage is speed, and by asking five people for their thoughts and advice, they aren't going to give the same advice, so then you're going to spend a whole bunch of time, and you're going to have to debate it and think a…”
David Rogier Apr 26, 2019 ▶ 14:47 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass
Disclosure
Pre-sending pitch decks has never yielded an investment for MasterClass
“I can't think of one case where I sent out a pitch deck before the pitch, and the person then wanted to actually invest.”
David Rogier Apr 26, 2019 ▶ 19:29 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass
Insight
Founders should double milestone cost and time estimates in startup planning
“And then I always times it by two, because however fast and efficient you think you're going to be, everything, when you actually work on it, just takes more time and just costs more.”
David Rogier Apr 26, 2019 ▶ 9:07 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass
Assertion Supported
Rogier validated MasterClass demand using a fake website with 100 courses
“So what I decided to do was I created a fake website that had a hundred different online classes that I did not have. I paid a firm in Argentina, I think like I actually helped build the site. I hired some people on TaskRabbit to help write the class text inst…”
David Rogier Apr 26, 2019 ▶ 16:18 20VC: Why Startup Founders Have One Core Job, How To Reduce Risk & Increase Probability In Your Startup & Why You Should Not Send A Pitch Deck Pre-Investor Meeting with David Rogier, Founder & CEO @ Masterclass
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