Alan Chiu is a partner at XSeed Capital discussing ideal founding team composition for early-stage tech startups.
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“But the best Founding teams actually are teams that, that bring together a very strong technical co-founder, as well as a very strong and experienced non-technical commercial co-founder.”
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More from Alan Chiu
Insight
Chiu: Embracing high technical risk creates stronger startup moats
“We actually like Companies that have a high level of technical risk, because we believe strong engineering talent can overcome technical risks, and if it's actually a difficult technical problem to solve, it means there is a higher barrier to entry for this ma…”
Alan ChiuJun 18, 2015▶ 7:4620 VC 046: How VCs Evaluate Investment Opportunities with Alan Chiu, Partner @ XSeed Capital
Insight
Chiu: Top VCs hold winning investments past 50X for 1,000X potential
“But some of the best companies We'll have, we'll still have a very exciting growth curve ahead of them, even after these late stage investors have come in. And the greatest VCs know to identify which companies still have a lot of potential and hang on to their…”
Alan ChiuJun 18, 2015▶ 18:1020 VC 046: How VCs Evaluate Investment Opportunities with Alan Chiu, Partner @ XSeed Capital
Opinion
Chiu: Apple Watch is a success
“Success. I recently spoke with a realtor who has just bought an Apple Watch, and she was singing his praises on how he's changed her life, and making her less dependent on her phone, and leading to much better client interactions.”
Alan ChiuJun 18, 2015▶ 19:1820 VC 046: How VCs Evaluate Investment Opportunities with Alan Chiu, Partner @ XSeed Capital
Disclosure
Chiu: XSeed Capital frequently invests before startups have product or revenue
“Given our stage of investment at the seed stage, oftentimes we invest in companies before they have a product or before they have any meaningful revenue.”
Alan ChiuJun 18, 2015▶ 7:2220 VC 046: How VCs Evaluate Investment Opportunities with Alan Chiu, Partner @ XSeed Capital
Disclosure
Chiu: Market risk is XSeed Capital's primary concern in seed investments
“The third risk is market risk, and this is the biggest risk that we are concerned about.”
Alan ChiuJun 18, 2015▶ 8:4620 VC 046: How VCs Evaluate Investment Opportunities with Alan Chiu, Partner @ XSeed Capital
Insight
Chiu: Founders cannot remove investors post-investment, making compatibility critical
“Once you've signed, once an investor has invested in your company, you can't get rid of them. You are based, you're really committed. It's almost like getting married. So you want to look for someone with personal compatibility with you.”
Alan ChiuJun 18, 2015▶ 10:3320 VC 046: How VCs Evaluate Investment Opportunities with Alan Chiu, Partner @ XSeed Capital
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