Samir Vasavada is the co-founder and CEO of Vise, an AI-driven asset management platform. He describes how Flatiron Health founders Nat Turner and Zach Weinberg provided Vise's initial $100,000 angel check.
“And the first investors that actually said yes were these guys, Nat Turner and Zach Weinberg, who started a company called Flatiron Health and sold it For a bunch of money to Roche and they actually went to Penn, and they're like, look, we had a similar story to you guys. They actually did complete Penn, but that hundred K investment, which, you know, looking back at the small investment, but like, that was the reason why we were able to keep going.”
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More from Samir Vasavada
Disclosure
Vasavada: Vise Leadership Meetings Were Consumed by DEI and Infrastructure
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Samir VasavadaJun 28, 2024▶ 22:11Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
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Vasavada: Big Tech Executives Lack Product-Market Fit Experience
“None of these people had to go out and find product market fit. They came into companies where there was already product market fit, and they just had to operate their little part of that company, or big part of that company, where they were kind of keeping it…”
Samir VasavadaJun 28, 2024▶ 23:05Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
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Vasavada: 99% of Startup Advice Given to Founders Is Bad
“You don't get enough advice, and then you start getting capital, and you have stakeholders, and you get too much advice, and the problem is a lot of this advice is either bad advice, 99% of the advice is bad advice, and then the rest of the advice is contradic…”
Samir VasavadaJun 28, 2024▶ 28:02Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Opinion
Vasavada: Raising $130M in 18 Months Was Bad for Vise
“So we raised something like a 120, hundred and thirty million dollars in an 18 month period. And that was a bad thing.”
Samir VasavadaJun 28, 2024▶ 0:06Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Insight
Vasavada: Concentrating Board Ownership in One VC Suppresses Healthy Debate
“You want multiple voices in the boardroom, and I think the challenge is when you have One investor that owns 30% of the company and, you know, has piled in, you know, close to fifty million bucks, then you're going to have that investor's perspective as, you k…”
Samir VasavadaJun 28, 2024▶ 11:26Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Insight
Vasavada: Scaling Headcount From 6 to 100 Slows Startups Down
“We had gone from, like, six people to, like, a hundred people overnight, basically, and A hundred people don't actually make your business move faster. It actually slows you down.”
Samir VasavadaJun 28, 2024▶ 13:09Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
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