Andrew Rea
On 2 shows, 2 appearances. The Shows tab opens the full record on each.
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Andrew raised a $2.7 million pre-seed funding round after targeting an initial $1.5 million. He secured the capital in a matter of weeks after meeting with over 120 venture capital investors.
2shows
2appearances
27statements
2resolved
2supported
0contradicted
100%fully supported
Everything Andrew Rea said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Rea: Venture Capitalists Sell the World's Most Commoditized Product, the US Dollar
“You have to get into the mindset when you're in fundraising that investors are trying to sell you an investor. Cause like they, they're selling the most commoditized product in the world, the us dollar.”
Rea: Multi-stage fund pre-seed checks create major signaling risk for founders.
“At that stage, a million dollar check to a, Multi-billion dollar fund as a call option. And so, and even if you really like the partner there, like it just creates all kinds of signaling risk for the future as a founder.”
Rea: Decks hook investor interest, while memos convert serious diligence
“I think the deck is great for like getting the intro and setting the initial context. And the memo is good for once you've like pulled someone's attention and they're actually serious about maybe investing in your business.”
Rea: Starting with a lower fundraising target makes oversubscribing easier
“It's honestly, it's like easier to oversubscribe than it is to like not get to the initial number you want. Like say you want to raise two. It's like, it's easier to get to 1.5 and then go up to two than it is to say you're raising like two.”
Rea: Founders without a network should target super-connectors for VC intros
“If you don't have, if you've not like worked in tech enough and like have some existing relationships, getting that many warm intros is probably harder. And so then I think your best option is to find a super connector, get them to believe in you. And then you…”
Rea: Founders hear all investor questions within ten to fifteen pitch meetings.
“And so after 10 to 15 meetings, though, you probably heard everything people are going to ask you.”
Rea: Setting exact close dates destroys founder credibility if missed.
“You need some kind of date or else you just look like it looks super open-ended. But what I tried to avoid is saying like November 18th, because if it doesn't close at November 18th, you lose credibility.”
Rea: The r/videos subreddit serves as frontline for internet virality
“Reddit videos, at least at the time, and still to this day can be a sort of frontline for what's going to go viral on the internet.”
Rea: YouTube's algorithm prioritizes videos getting sudden external traffic surges
“And the algorithm, the YouTube algorithm, when you suddenly and massively just get an influx of views from an outside source, it's going to prioritize you in the algorithm.”
Rea: Babish pays on-screen creators a percentage of their video ad revenue
“And the way that we've been compensating our talent is via percentage, which I'm not familiar with any media brand doing that where our talent and our creators are paid commensurately with what ads are placed on their videos and how well their videos do.”
Rea: Babish partnered with Sohla El-Waylly to test transparent talent compensation
“We had an idea of how we could fairly compensate our employees and our talent, and we wanted to try it out, and, you know, I make it a habit not to speak ill of my contemporaries but We saw a free agent a creative who needed a new home and somebody who we coul…”
Rea: Taxwire sought a $1.5M pre-seed round and closed over $2.7M.
“We didn't really start raising until October and we went out to raise 1.5 and we ended up raising about two point, a little over 2.7.”
Rea: Docsend metrics show VCs spend one to two minutes on decks.
“I can see the metrics on my docs and the average investor spends like between one and two minutes max in my deck.”
Rea: Taxwire's pre-seed fundraise relied almost exclusively on warm introductions.
“I was almost exclusively, I don't think I sent a single, I've sent a lot of cold emails in my time, but not for this fundraise. I think like almost everything was a warm intro or someone we already knew.”
Rea: Taxwire secured $10M in commitments for a $1.5M pre-seed round.
“We ended up, we had about ten million in commits on about what was supposed to be 1.5 round.”
Andrew Rea: First Babish Video Was Made Specifically for Reddit's Food Subreddit
“And I made the video specifically for Reddit, for the food subreddit, because I had been posting there.”
Rea: Friends Moist Maker video generated 600,000 views in first week
“And I think in, in its first week, it pulled down about 600,000 views, if I remember correctly.”
Rea: Direct brand integrations surpassed YouTube ad revenue for Babish
“And then, you know, it became for a minute was the lion's share of our income, but then that was superseded by integrations.”
Andrew Rea: Babish Culinary Universe operates with only six employees
“As of right now, we're six employees strong, myself included and our expenses are extremely low, and our revenues... Are extremely high because they're based off of just the sheer number of viewers that we've been able to generate.”
Andrew Rea: Babish Videos Have Never Said 'Like and Subscribe'
“You might also notice that I've never ever said like and subscribe, which is a very common YouTuber trope to say, to finish, begin and finish a video with, hey guys, like and subscribe. And I've never said that.”
Rea: Took month-long hiatus in April 2022 after complete breakdown
“I took a month off back in April of this year. I disappeared from the channel. We put out a little notice, and it was because I had had a just a complete breakdown.”
Rea: Binging with Babish was sparked by Parks and Recreation burger episode
“As I was fiddling with that, I was watching Parks and Rec for, you know, probably the fifth or sixth time, and watched a scene that I had seen a dozen times, because it's from a great episode where there was a burger cook-off, and they were discussing some pre…”
Rea: Binging with Babish was not monetized for its first year
“Because I didn't monetize any videos for a year. So I would continue to make This show as a hobby for a year after its inception.”
One line per show, most statements first. The link opens Andrew's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 HOW I BUILT THISLEDGER | 1 | 16 | 100% 2/2 | full record on How I Built This → | |
 PRODUCT MARKET FITLEDGER | 1 | 11 | — | full record on A Product Market Fit Show → |