Demo Day

“Yeah, so it was, like, roughly a month, like, four or five weeks or so, and it had gone from, like, 80 teachers, like, something, like, a few thousand people using it, and we were, like, this has just blown our minds, right?”

“The most hyped investment on Demo Day is often not the best one. Very, very often. I think what's interesting is that the crowd on Demo Day is just not as smart as it appears”

“And by the time we applied to YC, we had built a business that was getting traction, and 10 weeks later, we raised three and a half million dollars on Demo Day.”

“Excitement around the core product or feeling like other investors are excited about it and things like that definitely give a founder, like yourself, tons of leverage. But that I actually have learned to not take that too seriously as an investor, as a signal…”

“And that was like six weeks before demo day.”

“One thing that I was super proud about that I was very passionate about was bringing in the Raiders, So I met with them and I got them to come to like some of our startup schools to like learn how to invest in companies and then also got them to come to our de…”

“He had an impossible time raising money on Demo Day. And so if he had taken the Demo Day signal, the investor's signal of, oh, we don't want to give you money and quit, we don't have Coinbase.”

“Like one, there aren't that many events. You don't have classes all day at YC. Like, you know, we try to take as little time as possible during your week so you can actually get shit done. Two, there's a hard deadline, demo day. And three, I think people are o…”

“Like setting the aggressive goal, the purpose was to get you to move fast, to get you to go, go, go. Like it was the juice. Like if you learned a bunch pursuing that goal, you got value, even if you didn't accomplish it.”