Insight certainty 4/5 debate potential 2/5

Fox: Founders should demand investor value-add tradeoffs when asked to lower valuation

Jason Fox · #70 What Is Michael Phelps Jamming to Right Now? · Mar 3, 2025 · at 23:18

Earbuds founder Jason Fox explains how he handled pushback from The Pitch investors who offered to invest only if he lowered Earbuds' valuation from $14M to $8M.

0:00 / 0:08exact quote · 8.3s
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“I don't want to negotiate against myself, so when they ask me to lower the valuation, I ask them, well, how else can you help? And I think there's a trade-off there.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jason Fox

Opinion
Fox: Competitors Vertigo and Eavesdrop have flopped and floundered
“You know, there's Vertigo tried to do it. It flopped out. It's had, it's exchanged founders several times. There's another one called Eavesdrop. Eavesdrop's kind of floundered.”
Jason Fox Mar 3, 2025 ▶ 5:54 #70 What Is Michael Phelps Jamming to Right Now?
Prediction Not checkable as stated
Fox: The winner in social music will be platform-agnostic
“The winner of the social space will be agnostic. Whether you get your music from your coworker, your girlfriend, Or even your favorite athlete or celebrity, they might not have the same music service as you. They might have Apple Music, you have Spotify, and s…”
Jason Fox Mar 3, 2025 ▶ 7:08 #70 What Is Michael Phelps Jamming to Right Now?
Disclosure
Fox: NFL Stars Baker Mayfield and Patrick Mahomes Are Earbuds Investors
“Baker Mayfield invested in our last round. Patrick Mahomes is coming in this round.”
Jason Fox Mar 3, 2025 ▶ 11:02 #70 What Is Michael Phelps Jamming to Right Now?
Assertion Supported
Fox: Earbuds has partnered with Spotify and Apple Music
“So we've partnered with Spotify and Apple Music, and so instead of just listening to music, we allow you to broadcast it, where other people can tune in live and listen along with you in complete, synchronized, real-time.”
Jason Fox Mar 3, 2025 ▶ 3:08 #70 What Is Michael Phelps Jamming to Right Now?
Assertion Not checkable as stated
Fox: Earbuds has roughly 5,000 MAUs during soft launch
“It varies, but plus or -5000.”
Jason Fox Mar 3, 2025 ▶ 5:49 #70 What Is Michael Phelps Jamming to Right Now?
Disclosure
Fox: Earbuds Raised $630K Friends & Family and $1.5M in Previous Rounds
“I raised 630,000 from friends and family, and then last year we raised 1.5.”
Jason Fox Mar 3, 2025 ▶ 11:26 #70 What Is Michael Phelps Jamming to Right Now?
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