Steven Galanis is the co-founder and CEO of Cameo. He shares advice given to early-stage founders regarding co-founder equity allocation and investor dilution.
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“So I really tell founders always that talk to me, but don't worry about dilution. Don't worry about cutting the right person in worry about making sure you have the best people around you in the world that can help you fulfill your dream.”
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More from Steven Galanis
Insight
Galanis: Founders must quit their day jobs before seeking his advice
“When a young entrepreneur comes into me today at the office of Cameo, the very first thing I'll ask them is, have you quit your job yet? If they haven't quit your job, I tell them to leave and let me know when they have, because if they don't have conviction i…”
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Opinion
Galanis: Cameo has already won the US personalized celebrity video marketplace
“We, you know, we have really high conviction that we've already won this marketplace in the US”
Steven GalanisJun 28, 2019▶ 16:2920VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Insight
Galanis: Only 3% of the world has the entrepreneurial gene
“I think that three percent of the world's population has that sick gene in their head. Their personality makes them an entrepreneur.”
Steven GalanisJun 28, 2019▶ 5:4020VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Insight
Galanis: True entrepreneurs can never be happy working under others
“When you're an entrepreneur, there's literally nothing you can do to be happy in any other job, no matter how amazing the place is, and you can never be your best self unless you are running the show.”
Steven GalanisJun 28, 2019▶ 5:4820VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Insight
Galanis: VCs should convince founders to take their money, not vice versa
“When you're fundraising, it should never be you convincing VCs or any investor to invest in the business. You want to find that investor that seeks you out and has so much conviction about what you're doing that they spend their time convincing you to take the…”
Steven GalanisJun 28, 2019▶ 19:3020VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
AssertionNot checkable as stated
Galanis: Cameo spent $0 on marketing while growing 1,300% in 2018
“We don't spend any money on marketing. We grew the business 1300% last year because every single cameo is a commercial for the next one”
Steven GalanisJun 28, 2019▶ 21:2620VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
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