Kickstart

“We're gonna write 14, 140,000 dollar checks, which is really early for us. We're gonna do them in really favorable terms. We've done some of them uncapped or really, like, really friendly discounts.”

“Hiring right at the precedency level. Most of the expertise that you need is not in the company yet. Once you read series A, series B, you probably have a fair amount of experience inside the company, and you have more networks inside the company to find, you …”

“I'm way more interested in working a founder that has that kind of ethos versus one that's, hey, it's all up and to the right. Everything's perfect. You know, no need to ask too many questions because we've got this figured out. Like I'm always immediately ner…”

“Always gives me a little bit of pause when I'm. 15 minutes into a conversation and I kind of out of questions and like, I feel like I've reached. Somewhat understanding of what the, you know, call it like 80% parity with the founder. I have, I'm a little bit l…”

“In the last 12 months, we have done 13 investments, 13 new investments, and call it like Eight follow on investments, nine follow on investments, I guess, in portfolio companies.”

“It feels like AI is raising the bar on an early stage startup on what they can do, what they can accomplish. And so it's making us be very selective in the investments we make because in three months we might be disrupted by something new.”

“Like there's a company that I invested in last summer, and we knew it that it would be more of a land grab, kind of a, like a race type of opportunity for the company. I think they had two or three formidable competitors when we made the investment. We picked …”

“So I think it's coming back, but I do think that over the next Call it two years. I don't know if I have a crystal ball good enough to look at four years, but call it over the next two years. I see a return to kind of normal. I wouldn't say like back to like s…”

“Recently we just did a student investment in a company that's Well, let's see, I'm just trying to think that math through. They are doing they're approaching two million in revenue and we invested on a like a low twenties post-money valuation. So call it like,…”

“And so I would say like in general SAS, At an exit level, where we're seeing, you know, companies be acquired right now, I would say a good outcome is in the high single digits to, you know, call it like seven to 12, would be like, that's a good strong outcome…”

“We're looking to get, for our fund, we're looking to get, you know, somewhere from 10 to 15% ownership into a company. We're looking to invest somewhere from 500 K to three and a half million.”

“One lesson, I guess I would say I took away from raising capital as an entrepreneur. Is that investors were also my customer. I was selling them a vision.”

“Ever since 2008, it's kind of been this thesis that there's a more capital efficient, scrappy, kind of differently built entrepreneur between Phoenix and Bozeman, Salt Lake and Denver, kind of in that corridor.”