Alexa von Tobel, founder of Inspired Capital, recounts how former Commerce Secretary Penny Pritzker offered to co-found the venture firm after von Tobel called her for advice.
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“I called her back, and she was like, I want to be your business partner. I want to found this with you. Let's go. Let's bring a multi-generational stage to this.”
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More from Alexa von Tobel
Insight
Venture Returns Come From Category Winners, Not Valuation Haggling
“Venture returns are not made on like a few million dollars evaluation. That in the end, it's about picking the breakout companies that are the category creating businesses of the next And making sure that you are at the table in a handful of those.”
Alexa von TobelJan 31, 2020▶ 16:0320VC: Alexa Von Tobel on Raising NYC's Largest Ever Female Led Fund , Portfolio Construction, Compression of Fundraising Timelines, Reserves Management & Personal Branding in Venture
Disclosure
LearnVest Could Have Raised Series B and C at $50M Higher Valuations
“When I was building LearnVest, there were times where I backed our series B and series C, where I could have pushed the valuation by about another fifty million dollars.”
Alexa von TobelJan 31, 2020▶ 17:5120VC: Alexa Von Tobel on Raising NYC's Largest Ever Female Led Fund , Portfolio Construction, Compression of Fundraising Timelines, Reserves Management & Personal Branding in Venture
AssertionPartly supported
Per Capita VC Funding in NYC is 1:12 Versus Silicon Valley
“There's one dollar here to 12 in the valley. That's the math per capita.”
Alexa von TobelJan 31, 2020▶ 30:4920VC: Alexa Von Tobel on Raising NYC's Largest Ever Female Led Fund , Portfolio Construction, Compression of Fundraising Timelines, Reserves Management & Personal Branding in Venture
Insight
Products Only Need One Extraordinary Moment for a Great Customer Experience
“We often try to make every part of the product development of a customer experience awesome. You just need one A++++ moment. That is then how the psychology works so that you end up having a great experience.”
Alexa von TobelJan 31, 2020▶ 32:2620VC: Alexa Von Tobel on Raising NYC's Largest Ever Female Led Fund , Portfolio Construction, Compression of Fundraising Timelines, Reserves Management & Personal Branding in Venture
Insight
Founders Should Fundraise in Early Year or Fall, Not Summer
“But it was just for us, our reality, and so we did it, and it ended up going really well, and you know, we got everything wrapped up, but I would just say in general, like fundraising, do it in the beginning of the year when people are super focused, do it in …”
Alexa von TobelJan 31, 2020▶ 10:0020VC: Alexa Von Tobel on Raising NYC's Largest Ever Female Led Fund , Portfolio Construction, Compression of Fundraising Timelines, Reserves Management & Personal Branding in Venture
PredictionNot checkable as stated
Inspired Capital Splits its $200M Fund 50/50 Between Initial Checks and Reserves
“So our fund is two hundred million. So for a two hundred million dollar fund, you know, we really do think about it as saving a sizable chunk, 50% for reserves, 50% for initial deployment.”
Alexa von TobelJan 31, 2020▶ 11:4820VC: Alexa Von Tobel on Raising NYC's Largest Ever Female Led Fund , Portfolio Construction, Compression of Fundraising Timelines, Reserves Management & Personal Branding in Venture
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