Lewis: Magic Spoon raised $1M pre-launch from Collaborative Fund and influencers
“So we raised a million dollars pre-launch, half of it from this VC fund, collaborative fund, and half of it was actually from Health Amonis influencers, who wrote small checks into the business and could then help us eventually launch it.”
McKeon: Token Investing Forced Collab+Currency Spin-Out Over VC Exemption Rules
“By late 2019, early 20 20, it was clear that we were going to trip up something called the venture exemption. Because as a crypto fund, we invested both in equity and in tokens, as opposed to traditional venture funds, which are obviously primarily equity. So …”
Kanyi Maqubela: Startup grind and dropping out are unglamorous in reality
“Being a startup entrepreneur and being in the startup grind has an element of glamour to it, particularly for those who are college dropouts, and the reality honestly couldn't be further from it.”
Kanyi Maqubela: Startup culture wrongly celebrates failure instead of success
“It's not the failing itself that it should be celebrated, and I think it's wrongly celebrated. It's actually overcoming failure and ultimately succeeding that should be celebrated”
Maqubela: Lack of options often drives founders more than grand visions
“And so one of those things, too, that a lot of people often think about is that it's the actual purity of one's vision, and the And the real promise of this great dream of success that drives people when sometimes it could be, I don't really know what else I c…”
Maqubela: Peer-to-peer collaborative models will dominate centralized business structures
“The hub and spoke model of creating value and the centralizing of resources and the centralizing of distribution and the centralizing of production is an anachronistic model that was dying in the Network-driven model with nodes, and collaboration, and peer-to-…”
Maqubela: VC theme specialization is primarily a time-efficiency tool
“I think that any theme being Fully candid is used as a way to be efficient with one's time.”
Maqubela: Blogging is high-leverage marketing and sharpens investor thinking
“It's just simply marketing, and it's a high leverage marketing tool, and the other piece is somewhat less crass, and fortunately for me, the two of them have positively reinforced each other, but the second one is I just like writing, and writing is how I Clar…”
Maqubela limits VC dinners, conferences, and travel to prioritize home life
“And so the intimate dinners with other VCs, and the events, and the summit series, and the conferences, and the stuff that requires either being on a plane, or being outside of my home, I tend to Personally, just limit, or if not limit, be really, really, real…”
Maqubela: Accelerator demo days are too late for first institutional rounds
“For our style and stage, so we like to be early, and we tend to be in a first institutional round, or even earlier than that, into a company. When we're meeting them, if we're meeting them for the first time at most of the demo days that one would go to, we're…”
Maqubela: Existing portfolio companies are Collaborative Fund's best deal flow source
“At our stage, if you take a snapshot of where we are right now, I would say it's our existing portfolio companies.”
Maqubela: Startup liquidity will increasingly come from debt, dividends, and crowdfunding
“Being a little bit more creative about getting to cash flows, and once you have said cash flows, thinking about options like debt, thinking about options like crowdfunding, options like dividends, are going to become much more common conversations, because the…”