Everything Code Cubitt said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Cubitt: Series A Requires Proven Unit Economics Before Series B Scaling
“Going into the Series A, you have to have enough momentum and some early economic ratios, LTV to CAC, for example, to prove that there's a market for your product. And so the Series A investors want to talk to a lot more customers and validate that this thing …”
Cubitt: Founding startup teams rarely finish, and that is appropriate
“Cause it's not always necessarily the team that starts doesn't necessarily finish. In fact, that's most appropriate.”
Cubitt: Top CEOs anticipate changes 6 to 12 months ahead and pivot against consensus
“An A CEO is a, an executive who sees change coming, You know, six, nine, 12 months ahead of everybody else and has the ability to change course in, in the face of opposition from everybody else who is happy with the status quo.”
Cubitt: I study startup failure clues more than success indicators
“So I listened to a lot of podcasts and books around startups, successes and failures, looking for clues on how companies can fail more than looking for success indicators.”
Cubitt: 'Tell me about inception' is his first question in every interview
“My first question with every interview is tell me about inception. So why do you want to do this so badly that you're willing to break through walls and spend years in the cold as an unknown at the shot for the shot of being a successful entrepreneur?”
Cubitt: Only 10 to 15 Percent of His Deals Exited Highly Positively
“To the extent that I've done 50 or 60 deals in my career, you know, there's been a lot of scars, a lot of learning, right? So probably only 10 or 15% of those have exited in a very positive way, and that's the reality of the economics.”
Cubitt: Motorola Canned Its Venture Program During 2008 Crash
“Motorola canned the program effectively in during the oh eight crash.”
Cubitt: Early-stage legal docs cost $20,000 to $30,000 per side
“It's probably 20 or 30,000 dollars on investor side and company side to prepare those docs.”