The Ledger
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True Ventures Originated the Founder-Friendly VC Movement in Silicon Valley
“The philosophy was actually, thanks to True given to me because of their philosophy, which was seeking founder-friendly venture capitalists, and that was really kind of their contribution to the ecosystem, was how do we find, how do we be the most founder-frie…”
Despite the Branding, Very Few VCs Are Truly Founder-Friendly
“And then, yeah, and then, and even now there's not that many founder-friendly VCs.”
Struggling Companies Need Founders to Step In and Restore Original Vision
“There was also sort of this need for a founder to come in and reinstate their sort of the reasons why the company was started in the first place and kind of bring things to this original vision.”
Board Meetings Should Review Pre-Discussed Items, Not Introduce New Decisions
“The board meeting is really kind of a review of everything that's already been talked about. It's not supposed to be a place where you talk about brand new things That require a lot of heavy decision making. It's just a place for people to convene once those d…”
Founders Cannot Truly Judge a VC Until Working With Them Directly
“It's been so noisy in the past five years since I've started doing this. It's been five years now that it's almost so hard to know if a VC is truly someone you want to look up to or respect until you actually know them.”
Founder-Friendly VCs Avoid Taking Too Much Equity in Early Rounds
“Well, practically speaking, it's not gobbling up so much of the company in the first chunk that you have zero incentives to stick around as a founder.”
Raising Mega Growth Rounds Requires Triple-Digit Year-Over-Year Revenue Growth
“It's really hard to raise growth capital, ah, especially off of revenues, ah, primarily because unless, and especially in this environment, and the reason is because as much as it sounds there's tons of growth money being thrown out there, like a hundred milli…”
Kiip Raised Most of Its Later-Stage Capital From Strategic Corporate VCs
“Pretty much most of the new capital we've raised from new funds in our latter rounds have been pretty much only strategic, ah, corporate VCs.”
Founders Should Prioritize Revenue-Generating Investors Over Cool or Prestigious Ones
“I care less about investors that are generally cool, Right? And I care more about investors that can help us generate more revenue.”
A CEO's Primary Job Is Sparking Strategic Ideas, Not Direct Execution
“Making sure that you have some bandwidth as a CEO to keep your head above the water to sort of see what's going on and really understand what you could try doing and knowing that it is part of your job to go out there and think of very strategic ideas that peo…”
Kiip Generates Eight Figures in Revenue With 60 Employees
“Generating eight figures in revenue. We're at 60 employees. I'm still CEO. Five years later, pretty, pretty darn proud of what we've accomplished as a whole team.”
Kiip Has 60 Employees and Nearly $30 Million in Venture Funding
“And we're, you know, now 60 employees across the country, and we've raised now almost thirty million in B.C.”
Kiip Integrated Its Platform Into Connected Cars and Breathalyzers
“We caught on to it quite early, and we ended up integrating Keep into connected device companies, like connected cars, and most recently connected breathalyzer, which is hysterical of an example, but we kind of learned about this area and started dabbling in i…”