Jon Dishotsky, founder and CEO of Starcity, shares advice on founder fundraising strategy and ongoing investor dialogue.
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“Without sort of soft pitching people throughout a series of meetings and You know, you really don't get a chance to build that relationship and your chances of success are just so much lower. Whereas I think you should just always be building fundraising relationships and then you're in fundraising mode.”
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“If you're trying to value invest at the seed stage, it's kind of a silly exercise. So I think that like optimizing between a six cap and a 12 cap is really like, I just don't know that that's going to be the right way to invest. I think you're just kind of lik…”
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Dishotsky: Initialized Capital deserves credit for calling out startup hustle porn culture
“And I actually have to give kudos to the initialized guys for taking down the notion of sort of hustle porn, as I would say. There's this concept in the valley that like you should just grind to the limits of your existence and think about yourself secondarily…”
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“And I actually think that the statistics are in our favor. The seasoned guys and gals are actually better performers in many cases, so.”
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“Really try to not optimize on the average of all that advice, but really take in sort of the good and the bad, but take it and do it your way. And I think that's really, really important. Otherwise you'll end up with some of a lot of mediocre advice.”
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Disclosure
Starcity took a lower valuation offer from Bullpen Capital over bigger VCs
“We took on the folks from Eric Weizen from Bullpen Capital, and I'm just a huge fan of Bullpen Capital and what Paul has built over there. Their offer was a little bit lower, and they were sort of very transparent”
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