Incubator

“There's a large incubator out there that spends, I believe, too much time, and I've funded a bunch of their companies, too much time on game theory and how to maximize your valuation.”

“If the answer is what we met in the incubator six months ago, And we decided to start a company together. I'm like, mmm, like yellow flag because you guys don't have high trust yet. You haven't spent enough time living life together. You don't have shorthands …”

“The incubators in those days went for like a 50% equity split right, as contrasted to like Y Combinator, which is famously like seven percent.”

“My goal is to have an etiquette school for every legitimate incubator sooner than later.”

“There are all these smart people in teams that like follow this like incubatory, listen to your customer, customer research, like iterate, solve a problem for demo day. And what they don't realize is they're signing themselves up for like a decade of working o…”

“The concept of a venture studio, which is A company that creates companies. So it differs from an accelerator or an incubator or a venture capital firm in the sense that the ideas are created typically in the most sort of strict definition of the model within …”

“We are in the industrialization of startups playbook land where everybody's trying to churn out some piece of ridiculous arbitrage every week in order to get through the end of their incubator and raise their seed round.”

“A lot of people like to incubators cause they're like, oh, I don't want to do one company. I'm going to do 10 companies. And like, by the way, that's like much less likely to have big success cause you're not focused.”

“Where startup studios and incubators can fall apart, which is a lot of times if you're incubating companies, the temptation is to brainstorm on ideas. So think about things, get into a room, whiteboard, come up with solutions, and you're kind of coming up with…”

“An interesting thing happens when you start burying all these children that are these startup companies, whether they're going good or bad, they need lots of money. And when you're doing one or two, it just doesn't seem like that big of a deal. But when you ge…”

“And, ah, that whole incubator business model was flawed. Although we made some really good investments, that did really well, but the cost structure of an incubator, including a 30,000 square foot facility, and four partners, only seventeen million dollars und…”

“It turns out that what you really need is a strong pre-existing tech community that was looking for a seed crystal.”

“I think the best chance that a lot of these regional incubators or places have is being fueled by folks that have built big companies and have that, you know, kind of skill set and advice that they can pass on.”

“So that network really is strong and it's, you know, not only been a value when we were a seed stage company, but has continued to prove valuable as we've shifted to a series B company.”