AIUC emerges from stealth with a $14M seed led by Nat Friedman
“We are coming out of stealth, having raised a fourteen million dollar seed round from Nat Friedman emergence and terrain.”
Van Lancker: Terrain's Free Agency program has no cohorts or equity strings
“With free agency, what we're doing is we're unbundling that from selecting your idea and taking capital. So there's no strings attached. There's no cohorts. There's no demo day. There's no kind of deal that you have to take. It is really this period of open ex…”
Van Lancker: Terrain Free Agency offers founders $350k+ in non-dilutive resources
“Every person that participates in free agency gets access to over 350 grand in compute resources and service resources, that sort of thing. So there is some capital to deploy, you know, via technology. That is not, you know, dilutive or anything in that regard…”
Van Lancker: Upfront VC stipends diminish founder urgency and hurt decision-making
“The reason to not attach capital to it is one, both for that point of commitment and restriction, but the other is I think it makes you make decisions differently. I think that you either, if you have that stipend and you're hanging out in the offices and you'…”
Van Lancker: Free Agency Received Hundreds of Applicants from Top Tech Firms
“So we've had hundreds of applicants already. You know, these have been engineers and designers and companies like OpenAI and Databricks, SpaceX, Ramp, you know, like you name it. We have a Gen Z creator who has millions of followers more research focused peopl…”
Van Lancker: Customer polling is obsolete for breakthrough startups facing funded competitors
“In the environment today where software has eaten the world, and you should assume that if you're onto something interesting, there are two or three other competent, well-funded, You know, good people going after it as well. It has to be, you know, from that k…”
Van Lancker: Founders cannot outsource conviction to investors with misaligned portfolio incentives
“That investor or that angel investor is going to place who knows how many bets, and you're gonna place one during this period of time. You are an investor of your time, and that is one thing that you can do during this period, and you have to take that really …”
Base Power raises $200M Series B from Addition, a16z, and Lightspeed
“The round was led by Addition, Andreessen Horowitz, Lightspeed coming in as new investors, and then existing investors, Valor, Thrive, Altimeter, Trust Ventures, Terrain, and a number of other smaller investors.”