Boosted raised $74 million from Khosla, Andreessen Horowitz, and Initialized
“To date, they've raised seventy-four million dollars in funding from the likes of Coastal Adventures, Inovia Capital, Andreessen Horace, and our friends from last episode with Gary Tan at Initialize Capital.”
Russakow: Boosted expanded footprint from two to 34 countries
“We've grown from two countries to 34, expanded from one channel to multiple, And expand it from one business model to multiple.”
Russakow: Khosla Ventures Backs Fundamental Tech Unlike Most VCs
“One of the reasons I've liked working with Coastal Ventures as my lead investor at Boosted Is they are probably one of the few VCs that really still exhibit a lot of these traditional VC characteristics of taking a proprietary view, being excited to invest in …”
Jeff Russakow: Series B is the hardest fundraising milestone for startups
“In the middle around series B, you're at this really interesting inflection point where it catches a lot of management teams by surprise, where you're still maybe growing at hundreds of percent, but you need all of your financial metrics and operational metric…”
Russakow: Startup transparency during setbacks builds company strength and credibility
“If you're very transparent when you hit air pockets, when you do a really good job of analyzing what have you learned from it, then I actually think those are things that strengthen the company and build credibility.”
Russakow: Startups operate like small planes where violent turbulence is normal
“When you're in a big company, you're like in a jet airliner. You barely notice all but the biggest air pockets, and it's this pretty smooth ride. When you go into a startup or growth company, it's more like getting into a two-seater little airplane that's like…”
Russakow: First-time leaders need experienced advisors to distinguish turbulence from crises
“There's no replacing experience. If you've been in a, that plane a hundred times, you know instinctively when to investigate versus when to not worry. If it's your first time in the plane, then it can be, you know, more alarming, and it would be helpful if you…”
Russakow: Successful hardware products hyperscale rapidly after launch
“In hardware, you've got a lot of pain up front. It might take you a year to get out the product. The product has to be perfect before you get it out the door, because once you get out the door, you can't get it back, and it takes a lot of capital to get going.…”
Russakow: Silicon Valley Has Conceded Hardware and Research to Other Countries
“We've pretty much conceded, almost as a community, the consumer product or the hardware world to other countries. We've conceded a lot of fundamental technology research that used to be our hallmark to other countries, and we've really given a lot of ground to…”