Latka: Blockchain capital raising threatens VC deal flow if sustainable
Nathan Latka · 1032 How Indian RetailTech CEO Is Attacking Market with Tags · May 22, 2018 · at 11:52
Nathan Latka discusses venture capitalists' skepticism toward ICOs while interviewing Rwango founder Debapriyo Ghosh.
0:00 / 0:13exact quote · 13.5s
720p mp4 · rendered on demand · StarZero watermark
“Raising capital via blockchain is a significant threat to raising money via VC if it takes off, right, and if it's sustainable. So they obviously don't want to see that kind of stuff take off too much because it threatens their ability to get deal flow.”
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 Nathan Latka
Latka claims 99 percent of people on Earth are totally useless
“I think 99% of people on earth, they're totally useless. They don't think much, and they rely on other people.”
Latka deceptively lists unconfirmed speakers to sell conference tickets
“What it said, if you go look at that particular part, it said confirmed and invited. They have been either confirmed or invited. And what I will tell you, as sales come in and I have more money to play with, the likelihood that I actually confirm all of them i…”
Latka: Upfront service fees prevent SaaS churn and boost retention
“This is the counterpoint guys, the VC argument that you shouldn't sell services inside of your SAS. I would always argue the opposite, which is if you touch a SAS sale with a big upfront fee, like five K, they're just not going to turn your net dollar retentio…”
Latka: Bootstrappers will outlast and probably beat VC-backed competitors
“A bootstrapper who only spends what his customers pay him or her is sustainable. They will outlast the VC back competitor every time, and they will probably win every time.”
Latka: Raising capital validates salesmanship, not the business idea
“Raising capital does not validate an idea. It means you're a good salesperson.”
Latka: Selling SaaS lifetime plans is disingenuous and harms personal brand
“I have a big issue when people sell lifetime plans. I think it's cheap. I think it's a marketing tactic, and I think it's totally disingenuous and hurts your personal brand if and when you have to shut the company down or sell it.”