Everything Elizabeth Yin said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Startup fundraising will shift to crypto tokens within 10 years
“I actually think in 10 years, some of the craziness will level out. And maybe it's not on Bitcoin, but maybe it's on another token or so, that you will see fundraisers done differently in 10 years.”
Yin: AI will benefit end users, but who will actually make money?
“Because I think AI technologies in the long run are going to be great for consumers and end users, but I don't know who makes money.”
Yin: Startups Die From Overeating, Never Starvation
“Startups never really die of starvation. They always die from overeating.”
Elizabeth Yin: Founders should set terms individually and raise valuations progressively
“I also think you should not wait for a lead. And you should just set terms and pull people in like one-on-one. Increase the valuation as you go along. Because as you need money less, you can increase that valuation.”
Yin: Social shopping apps cannot straddle private sharing and broad discovery
“I think it's hard to actually be both of those. I think you are either one or the other, so if you're in the small group, it's all about small groups... Or you're more in the Pinterest category... But I feel like trying to message both is going to be very chal…”
Yin: Performance marketers outperform food experts in F&B startups
“The entrepreneurs in this space who are really good at food and beverage tend not to do as well as the entrepreneurs who come into it as, like, performance marketers.”
Yin: Multi-product cross-selling rarely succeeds, even for major banks like Chase
“But when you actually look at the data, even like Chase, a big behemoth, most people don't have a bank and a credit card and a mortgage and all the other products with Chase. Most people have maybe one thing with Chase and then other things with other banks, r…”
Yin: Christy's Chips is easily a billion-dollar business
“If she continues, it's easily a billion dollar business. Easily.”
Elizabeth Yin: VC-backed lending startups struggle with growth-quality trade-offs
“Lending companies have a hard time getting to scale as a VC backed business, because you don't want to obviously force bad loans, right? But there's always sort of this pressure to grow.”
Yin: Startup Founders Need at Least 20% Equity to Avoid Demotivation
“I think you have to be at least at 20%. A lot of things are psychological and maybe you're okay with things now, but as you go along and everybody gets diluted down, like you're gonna feel less excited about the company as things go on, right?”
VCs assess founders on pitch skill and pedigree, not execution
“And very often VCs assess people based on those meetings, just basically by how well you talk. And also based on your resume, especially at the early stage, when you don't have a whole lot to show, Do you have pedigree or do you not have pedigree? VCs don't ac…”
Hustle Fund decides on initial $25k checks after one conversation
“Then we'll be really fast to write a first check, a 25 K check. I think that since I'm a GP of hustle fund, we have to move fast ourselves. So within a conversation, pretty much like unless there's something jarring where we absolutely need a second conversati…”
Venture capital has failed to tap underrepresented minority founders
“Arlen Hamilton is going after underrepresented minorities and doing a lot of outreach around communities there. I think that's really innovative. No one has really tapped those communities.”
Hustle Fund bases follow-on checks on speed, not absolute traction
“And really what we're looking for, if we decide to write a follow on check, that criteria in part is based on the speed at which that priority metric is moving. It's not so much about where that number stands today.”
SAFEs and convertible notes are the new wave of investing
“I like them a lot. I think actually this is the new wave of investing.”
Yin: Levee is not a true AI company and lacks unique technology
“Because I think this is not an AI company, and, like, the technology is not unique.”
Yin: Stress wearables struggle with retention by not solving the root problem
“It was actually pretty good at, like, vibrating whenever I was stressed, but aside from someone to take a deep breath, like, I think one of the shortcomings is what is that final step, and that's something that a device cannot solve. So, I think there's this q…”
Elizabeth Yin: Every startup founder should pitch with multiple plans
“I think every founder should come in with multiple plans.”
Yin offers Sundae $150K at a $7M post-money valuation cap
“I unfortunately can't get behind the 10, but I would put out my offer at one 50 at seven post on a save.”
Elizabeth Yin: Founders must have contingency plans if they cannot raise full target
“I don't think you necessarily present all, you know, several plans, but you should have like a plan in mind for if you cannot raise X, you should be able to do something with Y. I a hundred percent agree with that. If the company is down in the water because y…”
Yin Passes on Capital-Intensive $10M Retail Expansion Plan
“At sort of this ten million plan, it feels too much. Because I do think actually in this day and age, having other companies who have done it, you can Open these stores in a less dilutive way. So for that reason, I'm out.”
Yin: Uncovered Lacks Venture Returns and Is Pivoting to an Undefined Model
“He wants to fund the media company, which doesn't have that venture return, to be able to pivot into one of these other things that doesn't yet have clear direction.”
Yin: The core idea and tailored messaging matter more than pitch execution
“Well, I think my challenge is I fund so many companies with terrible pitches that it's actually only partly the pitch, but also the actual idea and the messaging again catered towards the right investor is what matters more.”
Yin: Consumer startups need hundreds of thousands of users for seed rounds
“The expectation when you go out and raise that seed is in the hundreds of thousands of users at a minimum.”