Opinion
DeMeireles: Peloton remains the gold standard for connected hardware subscription models
“If you're building a connected hardware business that has a high value subscription, Peloton is the gold standard, regardless of what else is in the market.”
Insight
DeMeireles: Best venture outcomes combine consumer models with sticky B2B components
“The best outcomes tend to sit at the intersection of different business models. They're not just pure play direct to consumer businesses. They'll have a stickier B to B component.”
Assertion Not checkable as stated
DeMeireles: Scaling mega-funds vacated the $10M to $30M growth check market
“Many of which have become five and six X in assets over a shorter amount of years. So they've left the part of the capital markets where partners, real partners and real owners are writing 10 to 20 to thirty million dollar investments in emerging growth compan…”
Opinion
DeMeireles: Stigmatized eating disorder treatment is ripe for telehealth
“It's a real problem that affects millions of Americans. It's incredibly stigmatized. So often people aren't actually seeking help, which makes it ripe for telehealth and newer age solutions.”
Insight
DeMeireles: The best way to win a deal process is to avoid it
“The best way to win a process is often for us to avoid the process.”
Prediction Not checkable as stated
DeMeireles: Peak 2021 startup valuations will take years to grow into
“There's the dynamic around having businesses in their funds that have, ah, high watermarks from twenty-twenty, 21, even at the start of this year. That will take years potentially to grow through if they can grow through it.”
Assertion Not checkable as stated
DeMeireles: Growth equity faces less deal competition as fewer funds play offense
“That asymmetric risk reward is still there, and frankly, in certain cases, it's not as competitive because there are just less funds playing offense.”
Insight
DeMeireles: Investors cannot beat venture incumbents by playing their game
“And we've always felt that you don't beat Tom Brady by playing Tom Brady's game. And for us, the way that we built our careers was by playing our own game. And Ansah takes that game and really productizes our style of investing in a very focused way.”
Assertion Supported
DeMeireles: Everly Health surpassed nine figures in revenue with strong unit economics
“Julia Cheek, who's the CEO of Everly Health, who I believe is one of the best CEOs of our generation. And has built a very scale nine figure plus top line business with great unit economics, but she had to go on Shark Tank to raise her first dollar.”
Disclosure
DeMeireles: Backed Dadi early and exited at reported nine-figure outcome
“I backed a company here in Brooklyn called Daddy. At the time, the company was six people, no office, a couple 100,000 in revenue. We scaled that to many multiples more and sold it, I believe, for what's publicly reported to be a nine-figure outcome.”
Disclosure
DeMeireles: Ansa's partnership structure competes as a team rather than individually
“It's not just an equal partnership where we're obviously encouraged and incented to collaborate. It's this belief that at scale, we're going to compete five versus one. You'll get the full force of our entire team that's always and consistently played our game…”
Insight
DeMeireles: Minority investors only control capital sources, funding targets, and hiring
“There's not a lot of things you can control in our business in minority investing. There's a couple that you can try. Who you take money from, who you give money to, and who you hire are closer to those things that you can control.”
