Insight certainty 4/5 debate potential 2/5

Siki Chen: Founders must minimize investor supply and concentrate demand

Siki Chen · Founding Stories: Sandbox VR · May 4, 2019 · at 24:36

Siki Chen, co-founder of Sandbox VR, shares his mental model for structuring high-urgency venture fundraising rounds.

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“I believe fundraising is about supply and demand, and you wanna Minimize your supply and concentrate your demand in time and space.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Siki Chen

Insight
Siki Chen: Sandbox VR built full-stack because no VR ecosystem existed
“There's no technology, so we have to build technology. There's no stores to place this technology, so you have to build a store. And there's no content, so you have to build the content. But over time as you get scale, all of that changes.”
Siki Chen May 4, 2019 ▶ 2:53 Founding Stories: Sandbox VR
Insight
Siki Chen: Sandbox VR prioritizes full-body embodiment over environmental immersion
“If you think about content and home VR, the focus is around where you get to be, and sort of the story, and this world around you, but because of the limitations of the hardware and experience, not enough of it was about who you get to be. And I think that, mo…”
Siki Chen May 4, 2019 ▶ 7:34 Founding Stories: Sandbox VR
Prediction Not checkable as stated
Siki Chen: Deep learning will enable non-verbal communication in VR
“There is a deep learning component that will make that happen. And those are the areas that we want to invest in, so that when you're in that experience with your friends, You can actually communicate both verbally from the audio cues, but non-verbally as well…”
Siki Chen May 4, 2019 ▶ 31:18 Founding Stories: Sandbox VR
Insight
Siki Chen: Video games are a better framework for VR than movies
“Because the analogy to use to create a content is enormously important, right? So if your analogy is movies, then it's going to be about movies plus plus. Immersion, story, passive, and you know, we care about all those things, but because of the nature of the…”
Siki Chen May 4, 2019 ▶ 37:11 Founding Stories: Sandbox VR
Disclosure
Siki Chen: Sandbox VR tracked over 400 potential Series A investors
“We have a CODA database of I think, it ended up being over 400 investors, and we went through everyone who has ever invested in any kind of game, or VR or entertainment, or media.”
Siki Chen May 4, 2019 ▶ 24:04 Founding Stories: Sandbox VR
Disclosure
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“And, ah, in terms of repeat usage, 18% of our guests for just that first test room have booked two or more sessions.”
Siki Chen May 3, 2019 ▶ 6:19 The a16z Pitch Room: Sandbox VR
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