Disclosure certainty 5/5 debate potential 1/5

Deshpande: FBN's $194M raised is a drop in the bucket for agriculture

Amol Deshpande · 20VC: How To Build Credibility with Investors, Employees and Customers, How To Determine When A Stretch VP is A Stretch Too Far and The Right Way For Founders To Think About Dilution with Amol Deshpande, Founder & CEO @ Farmers Business Network · Sep 21, 2018 · at 20:52

Amol Deshpande, founder and CEO of Farmers Business Network, contextualizes FBN's total capital raised relative to the total capital needed to reshape agriculture.

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“One hundred ninety four million dollars we've raised in the last three, four years. That, that to me is like a drop in the bucket of what it probably will ultimately take to become a huge company.”

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 →

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Insight
Deshpande: Pre-revenue deep tech startups should raise hundreds of millions early
“There's plenty of companies that are pre-revenue for many years who can and should raise hundreds of millions of dollars because they're building a phenomenal new technology, and it's going to be a long time before they generate revenue.”
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Prediction Open · timeframe Sep 2023
Deshpande: FBN aims to reach hundreds of billions in market cap
“Well, we want to be the biggest company in the entire agriculture industry, and in order to do that, that's hundreds of billions of dollars of market cap that we have to build, either as a private or a public company. So I think in the next five years, I would…”
Amol Deshpande Sep 21, 2018 ▶ 28:20 20VC: How To Build Credibility with Investors, Employees and Customers, How To Determine When A Stretch VP is A Stretch Too Far and The Right Way For Founders To Think About Dilution with Amol Deshpande, Founder & CEO @ Farmers Business Network
Insight
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“Whenever I hear talking to other entrepreneurs, oh, I might sell the business, or there'll be acquirers interested, I'm like, okay, well, you've Largely given up before you start.”
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Insight
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“A good team who's working towards something in a small market will never create something big because it's going to be limited by the size of the market, right?”
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Prediction Not checkable as stated
Deshpande: If returning to VC, I would bet on team over market
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Insight
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“The highest IQ people sometimes, I would almost say outsmart themselves or outthink themselves. They think in terms of arbitrage or hedging their bets or this or that, or they've got 10 things going on. They're not focused on the task at hand.”
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