LAUNCH

“Launch is always a huge moat, so, you know, launch, launch is like probably the biggest moat, but I would say the second biggest moat is, ah, is, is those components to go into those spacecraft, because you can have infinite capital, it doesn't make any differ…”

“No, no. We're not going to add more people. Definitely not adding people.”

“We have now seen that every week, five to 10% of the work we're doing inside of our venture firm is being moved over to open claw.”

“I'm investing in. 10 startups in open claw space, a 125 K each to come to the accelerator. If you're doing work on this, openclaw at launch.co, email me what you're doing, because we want to invest in at least a 10 or 20 of these companies right now.”

“That first fund is like five, six X now.”

“So we're in Jason's accelerator, so launch.”

“Launch, we thought they would go in for 500. it turns out they're going in for a million.”

“Actually Jason Calacanis, his incubator launched, gave him a hundred K just like over email, like here's a hundred K.”

“What I did in our company was I said, hey, if we don't feel we're getting enough applicants for the programs, Founding University, the accelerator, we could have, you know efforts to increase the number of applicants, but we can't make investment decisions bas…”

“Four out of five startups that we've invested in and the majority of them that we're being pitched on right now are not only talking about AI, which they were all talking about it three years ago. They're actually implementing it now because the tool sets are …”

“I have 11, I think 10 or 11 people on the investment team at launch. Now we do about 70 meetings a week, probably 50, 60 of them are introductory meetings. And we invest in two companies a week on average. And one of them tends to be a follow on one tends to b…”

“So let's go through YC interviewed for YC in 2018 rejected interviewed for tiny seed 2019 rejected applied interviewed For Indie.VC, Ernest Capital, Techstars, Chicago, and Boulder rejected. But in 2019 as well, you applied and interviewed for launch, and you …”

“We interviewed for launch and we got the offer. It was something that we had to talk about because if we went to launch and if you know, Jason Calacanis, he's all about building unicorns and Going through the venture route. And as we learned a little bit more …”

“We've done it 13 or 14 times, and about half of them are for women only. And also transgender people.”

“We had one business come to us, it's called Ruby Love. And they had like a quarter million dollars in revenue one month, and we were like, how much have you raised? They're like, 50. And I was like, fifty million? And, or 500,000? And I thought I heard it wron…”

“Our small little investment firm called Launch, which has 12 people, and we put twenty-five million to work last year”

“So we're finding ourselves investing later in the companies at the same price that we paid 10 years ago for companies that had not yet launched or had less traction, and frankly, maybe didn't look on the outside as polished.”