Everything Jason Van Gaal said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Van Gaal prefers investing in startup founders under 35 years old
“And we generally prefer founders under the age of 30 to 35.”
Van Gaal: Blitzscaling applies to only 2-3% of startups, not 90%
“I mean, blitzscaling is a great book. And my biggest takeaway from that book is you want to spend as little time as possible blitzscaling. And I think a lot of people have gone away from that kind of core fundamental point of that book. There are times we need…”
Van Gaal: Startups with six months runway should spend four fixing metrics
“I think now Jason would kind of say is like, okay, you got six months left. What can you get done in the next four months that makes your company stronger that gives you highest probability of success to close in six months and focus a 150% of your energy on g…”
Van Gaal: Shareholder infighting destroys companies and justifies equal share classes
“Shareholder infighting can kill, destroy companies, and, you know, we had some of that in our second company, so I really just wanted equality across the cap table. You know, one class to share”
Van Gaal: Strategic acquirers sometimes pay premiums for customer concentration
“And there's advantages to you know, customer concentration as well, like, you can create synergies, some, sometimes an acquirer will pay a premium to have Revenue from one specific customer because they want that individual as a customer and it blends well int…”
Van Gaal prefers investing in founders without prior large financial exits
“So we actually, contrary to a lot of people, would prefer that they not have had a large, successful exit. Like, enough money to, you know, buy a house is okay.”
Van Gaal: Startup CEOs must match the company's core bottleneck
“And for those companies, I want to see a marketing founder lead the company because that is the most critical problem for that company to solve. And then there's tech companies, which like, There's a lot of technology risks, but if you can build this thing, it…”
Van Gaal: Four or more co-founders slows decisions and wastes equity
“More than that, it just becomes like this consensus decision making that tends to slow down the business and people are just really, there's just wasted space on the cap table, generally. Like the problem that shouldn't, if there's four people needed to solve …”
Van Gaal: Private data centers require 20-year payback horizons
“You don't know if you're going to be around for 20 years, and you're making a twenty-year investment in a data center to justify its payback.”
Van Gaal: Root built data centers at $3M–$3.5M/MW vs competitors' $10M/MW
“Our cost to build was three, three and a half million dollars per megawatt, and in Canada at the time, we were seeing our competitors build it, like, ten million dollars per megawatt in Canada. In the U.S., they were more competitive. They're more like, you kn…”
Van Gaal: Root Data Center exited at an Nvidia-level revenue multiple
“We would have got when we sold, we would have got like a tech Revenue multiple kind of comparable to someone like NVIDIA.”
Van Gaal: 'Why Now' slides give investors a shortcut to filter pitches
“The slide allows investors to be mentally lazy, right? Cause you know, investors look at a lot of deals. Your company is very special to you, but to an investor, you're one of a hundred deals they've looked at that week. So investors are just seeing a lot of v…”
Van Gaal: TAM models must depend on one positive outcome, not many
“I would say almost prefer more like less math on it, more like less conditional positive outcomes. So, you know, one if-then statement versus many layered if-then statements. So I want one good thing to happen for the time to play out versus Five good things t…”
Van Gaal: Startups built solely for quick acquisition often become fast zeroes
“So there's some businesses that are built where there's like a really small window of like success to exit. So you've got like, you know, if you don't exit in three years to one of like the top 20 companies in the space, like you're being, you're building this…”
Van Gaal: PMF means operational strain from demand, not acquisition struggles
“For me it's like back-breaking, ah, customer demand. Like, you have so much demand, the problem for the company is not customers, it's like trying to operate the company so that it doesn't fall apart because there's so much demand for your product.”
Van Gaal: Capped Root Data Center cap table at three shareholders
“I said, I'm only going to do it if I have Three shareholders on my cap table. I don't want to deal with 50 shareholders.”
Van Gaal: Data center capex is 10% space, 90% power and cooling
“Cost of space was 10%, and the cost of the power on the capital side was like 90%. The power and the cooling and all the stuff that wouldn't support that.”
Van Gaal: Root Data Center grew 400% YoY for three consecutive years
“Just managing kind of this 400% year over year growth for about three consecutive years.”
Van Gaal: Root commanded premium pricing through faster infrastructure delivery
“Because we're able to build for less and basically sell our product for the same, or actually we found out we could even at the same times sell it for more because we could deliver our product to market faster and some people would pay.”
Van Gaal: AI customers pay premiums to receive chips immediately
“The exact same thing is going to video people pay more money to get the chips today versus in six months from now. Opportunity. There's an opportunity cost for customers in that space. And there was one for customers in our space as well.”