Everything Danielle DiAgostaro said on any show that made the record, most notable first. Each card names its show and opens the statement there.
DiAgostaro: Accelerator Demo Days do not work for venture capitalists
“Sitting in a room for hours watching pitches of founders that aren't, that don't fit your thesis is a huge waste of time for VCs. They would much rather be on, you know, on the phone having one-on-one calls with people catching up and hearing about a deal thro…”
DiAgostaro: Top-tier VC partners do not attend accelerator Demo Days
“It is not the big brand name funds, you know, their GPs are not sitting in that room, nor would you be able to get them there, right? You're gonna be, they're gonna be sending their analysts, their lower tier associate, you know just people who their job is to…”
D'Agostaro: 50-company funds yield better returns than concentrated portfolios
“And I actually just read some research this morning that shows you know, investing in 50 companies in a fund actually gives you potential for better returns than picking very, very few select investments that knowing that like a third of them are going to fail…”
DiAgostaro: Requiring traction early stops VCs from fueling bottom-up innovation
“If you're taking bets on things that are already showing positive, you know, wins then you're not really fueling all the innovation from the bottom.”
D'Agostaro: Accelerators fill a gap as VCs demand earlier traction
“And I do think in this market where VCs are expecting more at an earlier stage accelerators feel, fill a unique gap where they're taking bets you know, taking bets really early on not expecting you to have really anything other than great team market, you know…”
DiAgostaro: Alchemist Accelerator Makes Admissions Decisions in 15 Minutes
“Alchemist, we make decisions in 15 minutes.”
DiAgostaro: 2021-era VC funds are showing poor returns
“We're seeing those funds who were able to raise capital in, in that kind of vintage because of the really high valuations, and everything's kind of settled you know, they're doing pretty poorly, and in, in terms of you know, their Portfolio construction, right…”
DiAgostaro: Accelerators will face surging applications and cohort size trade-offs
“The application is there's going to be more applications. So I think they're going to have more more of a pool, right? But that also means that they're going to be saying no to a lot more companies because they only have so many spots unless they're increasing…”
DiAgostaro: Most Corporate VC Investors Do Not Receive Carry
“They're not most of the time getting motivated by carry. You know, they're not getting carry in these deals.”
DiAgostaro: Many CVCs Only Invest If Commercial Contract Exists
“There is still a very big group of corporate venture that they only invest if you can show that, you know, a contract is in place or about to happen, and then the ventures team will get involved because that strategic box has already kind of been checked for t…”
D'Agostaro: Alchemist Accelerator has invested in over 700 startups
“From then we've invested in over 700 startups.”
D'Agostaro: Alchemist has three corporate-backed funds and writes $60K checks
“We have three, three funds all corporate backed for the most part. You know, and we were doing, are still doing 60 K checks in, into each of the companies that go through the accelerator”
DiAgostaro: Many Startup Accelerators Have Acceptance Rates Under 5%
“Accelerators are looking at thousands of applications a year. The acceptance rate for a lot of them is under five percent.”
D'Agostaro: WVV Capital is a $100M fund backed by four corporates
“So WVV is a hundred million dollar fund created by four corporates. So we work with a large manufacturing conglomerate called Foxconn Advocate Health, the fifth largest healthcare provider in the U.S., Northwestern Mutual, the largest life insurer and wealth m…”
DiAgostaro: WVV Capital was founded directly by corporate CEOs
“This WVV was actually created by the CEOs of each of the corporates.”