Nick Spiller, Venture Principal at Capital Factory, shares his macroeconomic expectations for 2023.
Insight
Spiller: A VC's true customer is the LP, not the founder
“The investor's responsibility is to steward the investment. You know, the key word is like the investment, not the company, although they're very, you know, intertwined obviously in the success of the company is the success of the investment investor. Investor…”
Opinion
Spiller: India Has the Necessary Components to Match China's Manufacturing Scale
“And I think India has all of the, you know, necessary components to be a China, right? And, you know, all, you know, really just need to set up the infrastructure there and, you know, the trade relations.”
Insight
Spiller: VC fundraising cycles drive the startup push for valuation markups
“They need to generate high growth to justify a 10 X, 100 X return on their investment in these companies to go raise money for their next fund. Right. And it's like a lot of these investors, they're raising money too. And so, you know, they need to see you gro…”
Insight
Spiller evaluates startups based on cash flows, data, and technology
“I think there's three buckets in which investors value companies.
They value your cash flows, your revenue, your profits.
they value your data and, you know, your customer information and everything, the data surrounding that.
And they value your technolog…”
Assertion Not checkable as stated
Spiller saw one same-day investor commitment across 10,000 interactions
“I think I've seen it once. Like at least, I mean, thousands, like, you know, probably 10,000 interactions I've, you know, have brokered.”
Assertion Supported
Spiller: Capital Factory startups received $500M+ in DoD funding since 2019
“And our companies have received over half a billion dollars in non-dilutive funding from these DOD groups since two, 2019.”