“You don't learn anything when you get a customer from an ad at an early stage.”
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More from Brad Flora
Opinion
Flora: Early-stage founders prioritizing self-service are hiding from customers
“When we see people, oh, like let's jump to self-service early on. It's, in some ways you wonder like, oh, they're, they want to hide behind their computers versus going out and talking to their customers and really grappling with their problems and their pain.”
Brad FloraMay 30, 2024▶ 13:00Startup Experts Discuss Doing Things That Don't Scale · Y Combinator
Insight
Flora: Pitch competitions are marketing events where investors do not invest
“Shark Tank, the pitch competitions, the business plan competitions, they're just for show. They're marketing events for the organizations that put them on. And in fact, a lot of the investors at these things, they don't invest. They're just there to meet other…”
Brad FloraMar 29, 2023▶ 5:21How Startup Fundraising Works | Startup School · Y Combinator
Insight
Flora: The best startups seem the most terrible at first
“See, most startups seem terrible at first. And in fact, the best startups seem the most terrible at first.”
Brad FloraMar 29, 2023▶ 10:30How Startup Fundraising Works | Startup School · Y Combinator
Insight
Flora: Nobody uses discounts in SAFE fundraising rounds
“The amount of the investment, the valuation cap of the investment, and then the discount. And guess what? Nobody does discounts. So there's only two terms that you really need to discuss when closing a safe.”
Brad FloraMar 29, 2023▶ 16:09How Startup Fundraising Works | Startup School · Y Combinator
Insight
Flora: Founders using SAFEs retain more control than ever in history
“Founders have had more, have more control over their companies today than ever in the history of startups. And why is this? It's because when you raise with safes, you don't give up any board seats. All right. There's no board seat nonsense in safes. After you…”
Brad FloraMar 29, 2023▶ 18:20How Startup Fundraising Works | Startup School · Y Combinator
Opinion
Flora: Scarcity of giant bootstrapped startups proves bootstrapping forever is suboptimal
“There are very few examples of hundred percent gigantic bootstrapped companies, and I think if it was the way to go, there'd be a lot more of those.”
Brad FloraMar 29, 2023▶ 21:09How Startup Fundraising Works | Startup School · Y Combinator
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