Everything Steve Schlafman said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Schlafman: Alcohol is effectively ethanol and a cellular poison
“Well, yeah, I mean, I think the biggest misconception is that alcohol is, not that it's healthy, obviously there are real severe health effects, but because it's a legal substance, I don't think people recognize that you're effectively ingesting a poison, righ…”
VCs Cannot Control Companies Post-Investment; Leverage Lies in Selection
“It's very hard to control an investment. I think as an investor The things that we can control is the decisions that we make, right? In terms of the entrepreneurs that we back in the markets that they're going after, right? And that, that are attractive to us.…”
Schlafman Invested in Zipline After a Single 90-Minute Phone Call
“One of which Remotiv, which is now pivoted into a company called Zipline, that was a pure gut instinct on the founder, Keller, Renato, but that was one where I took an hour, hour and a half phone call, and I'm just like, I absolutely love this guy.”
Series A Investing Requires More Operational Commitment Than Seed
“It's been really valuable for me to go from seed investing to more traditional venture investing at the Series A stage, taking board seats, because I like to think it's a much different ballgame, Series A and Series B, and taking board seats and the commitment…”
Seed Pre-Money Valuations Typically Range From $3M to $10M
“Generally the valuations are within a tight band. So there's usually anywhere from three to ten million dollars for free money.”
Giphy Created an Entirely New Market Rather Than Competing
“But in the case of Giphy, there's not a market. It's a brand new market.”
Steve Schlafman: Sobriety forced me to be selective about time and relationships
“And what it's allowed me to do is actually be more selective on the things that I say yes to, and the people that I want to spend my time with. And so before, I wouldn't really even care. I would just go to all these events. And now I'm a lot more discerning o…”
RRE Ventures Writes Initial Series A Checks From $2M to $8M
“You know, in our case at RE, the Series A stage, we can put as little as two million all the way up to call it seven or eight for the initial check.”
RRE's $280M Fund Allows Three to Five Seed Deals Per Partner
“Because our fund size is two hundred eighty million, each partner can invest in anywhere from three to five seed deals a year.”
Schlafman Invested in Managed by Q Despite a Highly Fragmented Market
“I've funded companies in very competitive spaces such as office services, right? There's a lot of cleaning services managed by Q brought a very different offering to that market, but you could argue that it's a fairly competitive and fragmented market, at leas…”
Schlafman: Quitting alcohol made him significantly more authentically himself
“And I would actually make the argument that since, you know, I decided to stop drinking and cut out other things that I'm way more authentically myself, right? Which goes to why when someone's like, why don't you drink? And I'm pretty open with them is because…”
Seed VC Performance Requires Five Years to Truly Evaluate
“Yeah, I mean, I think at the seed stage, a lot of it is gut for me. This is a long-term business, so the reality is, is I'll know if I'm any good at this in, in another five years.”
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MADLEDGER