Investor Sheel Mohnot explains the structural flaws in venture-backed on-demand meal delivery startups like Sprig, which he discovered while driving for them as diligence before founding Thistle.
Opinion
50-year mortgages are a terrible idea for building home equity
“Trump wants to address the affordability crisis, which is a real problem. And said, what we should do is extend mortgages to 50 years. So you have 50 years to pay it off instead of 30 years. I think it's a terrible idea because basically what happens is you gi…”
Assertion Not checkable as stated
Founders are pitching Trump administration connections as a core competitive advantage
“In the past, I'd never seen anybody pitch, like, a core part of their pitch as being, I'm close to administration. I've heard so many pitches about that now, which is kind of sad, honestly, but it is what it is.”
Opinion
Surrogacy matching is not a venture opportunity due to misaligned incentives
“I think in this case, I don't think it's a venture opportunity. And I also think venture capital incentivizes growth. And that might incentivize the wrong thing in this space.”
Opinion
A Barry's Bootcamp-style EMS workout chain is a massive startup opportunity
“I think you basically build a berries of EMS where, like, you have a workout routine And it's really fun. And there's a class and people put on this thing and they, they're used to it and they get jacked and people see them getting jacked.”
Insight
Listening to an author's podcast delivers 80% of their book's value
“So, I haven't, this is, I haven't read a book in, like, 15 years, and I think it's very, very contrarian opinion, but I think, like, I have so many friends that are authors that I talk to that are just, like, trying to get the words out, but if you, like, list…”
Assertion Supported
Sheel Mohnot claims there is no evidence Yelp extorts businesses over reviews
“I never found any evidence of that actually happening, though. Like, people have been, like, Provide me evidence, and I don't think there's actual evidence of that happening. There is with the Better Business Bureau, by the way, but not with Yelp, from what I …”