Jude Gomila, founder and angel investor, reflects on selling digital photo frames into luxury retailers like Harrods and Selfridges during his early entrepreneurial ventures.
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“We actually found it very difficult to get into the low end of the market and the high end of the market was actually easier to sell into, which was very surprising. And that led to a lesson of sell high, like your prices should be high.”
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More from Jude Gomila
Opinion
Jude Gomila: 50% of cap table investors are a drag on founder time
“50% of investors add into a cap table or just a drag factor on time for their founder. And then maybe another 30% are neutral to slightly positive. And then there are stars that actually are transformational to the company”
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PredictionNot checkable as stated
Gomila: Traditional VC 'suits' will be displaced by creator-operators
“So I think the suits are going to be removed from the game and creators and operators and makers are going to be more empowered with dollars to make it, but there will be giant warehouses.”
Jude GomilaFeb 11, 2020▶ 40:3720VC: Lessons from 150 Angel Investments into the likes of Carta, Gusto, Airtable and Superhuman, Creating Algorithms and Models For Investing At Seed & Why Younger Investors Have An Advantage When It Comes To Finding Deals Early with Jude Gomila, Angel I
Insight
Gomila: High-Quality Investors Are Easier to Close Than Worse Ones
“We thought it would be easier to close the worst investors. It was actually easier to close the better investors.”
Jude GomilaFeb 11, 2020▶ 8:1820VC: Lessons from 150 Angel Investments into the likes of Carta, Gusto, Airtable and Superhuman, Creating Algorithms and Models For Investing At Seed & Why Younger Investors Have An Advantage When It Comes To Finding Deals Early with Jude Gomila, Angel I
Insight
Investors Must Introduce Randomness to Maximize Their Learning Speed
“And there's another component as well that you've got to add a little bit of randomness in because your algorithm, you won't be able to learn in the quickest possible way unless you need a little bit of randomness to go against your kind of feelings and your a…”
Jude GomilaFeb 11, 2020▶ 17:5320VC: Lessons from 150 Angel Investments into the likes of Carta, Gusto, Airtable and Superhuman, Creating Algorithms and Models For Investing At Seed & Why Younger Investors Have An Advantage When It Comes To Finding Deals Early with Jude Gomila, Angel I
Disclosure
Jude Gomila Will Fund the Same Investment Thesis Up to Four Times
“If you bank something that you thought needed to exist and it doesn't do well, if it didn't do well for certain reasons, like the founding team fell apart, you can still go again. And I actually go again on the same hypothesis that I think something really nee…”
Jude GomilaFeb 11, 2020▶ 21:3720VC: Lessons from 150 Angel Investments into the likes of Carta, Gusto, Airtable and Superhuman, Creating Algorithms and Models For Investing At Seed & Why Younger Investors Have An Advantage When It Comes To Finding Deals Early with Jude Gomila, Angel I
PredictionNot checkable as stated
Gomila: Traditional VC will consolidate into full-stack giants as others fail
“I think there's going to be consolidation for the traditional VC, where there's going to be some players that are the main players, and they go on full stack, they're full stack, full service, traditional VC, and all the traditional VC, other ones fall apart.”
Jude GomilaFeb 11, 2020▶ 40:0720VC: Lessons from 150 Angel Investments into the likes of Carta, Gusto, Airtable and Superhuman, Creating Algorithms and Models For Investing At Seed & Why Younger Investors Have An Advantage When It Comes To Finding Deals Early with Jude Gomila, Angel I
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