Everything Irina Haivas said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Haivas: Atomico Has Backed Pre-Revenue Series A Startups for 18 Months
“I've certainly invested in companies where at Series A there was no revenue and there was no plan to have a revenue for the next A year to 18 months because the focus was on community and usage.”
Haivas: Required Startup Market Size Depends on VC Fund Size
“There isn't a minimum market size. We often get asked, like, you know, what do you want to see? And the reality is different funds will Expect different market sizes based on their own fund size, their own strategies, but I, one exercise that's always good to …”
Haivas: Dev tool startups must build community love before top-down enterprise sales
“If you're building a dev tool company, your go to market is likely going to be different than if you're building an enterprise automation company, which means you're likely to have to think about how to create those user attraction and community love before yo…”
Haivas: Culture and Diversity Are Harder to Fix at 100 Employees
“Culture needs to be a deliberate strategy and a consistent effort over time, and that you cannot course correct it, or that it's much harder to course correct later on. In particular, key elements of culture, such as diversity and inclusion, they become much h…”
Haivas: Atomico Passes on $800M Startup Exits Due to Fund Size
“We are a pretty large fund, and so we will look for really outsized outcomes, multi-billion dollar type of outcomes, and sometimes you can, we can see, probably that's the most common one. Like, for me, sometimes I see this is gonna be a great business, but I …”
Haivas: 30% University Equity Stakes Make Spin-Out Cap Tables Uninvestable
“What we have had challenges with in the past is, for instance, university spin-outs where you have like a 30% Owned by a university because you have taken the IP from there. I think those are very difficult cap tables for us to get into.”
Haivas: 10% to 20% founder equity at the start is too low
“Like an ownership of 10, 20% on the founders is way too low for the beginning because it's going to keep getting diluted.”
Haivas: Pitch decks do not need explicit market sizing calculations
“The most important thing is that you show the definition of what is the market, and what is the TAM, and what is the SAM, and then show the numbers, and I don't necessarily think that the decks should show the calculations.”