Playing with unicorns is a new weekly show on startups, entrepreneurship, and venture capital.
I cover everything I learned as an entrepreneur, angel investor and venture capitalist during the last 22 years, focusing on everything I wished I knew when I first got started as a tech entrepreneur.
DIY vs Accelerator vs Studio
This week we cover whether first time founders should build a company on their own or join an accelerator or a venture studio. Nancy Dong (https://www.linkedin.com/in/nancydong/), our first ever guest on Playing With Unicorns, joins to share the framework she used to decide whether she should join FJ Labs (www.fjlabs.com) as an entrepreneur in residence (EIR) after stints at Uber and Harvard Business School (HBS).
Ask Me Anything
Given that I was in Lake Placid looking at the foliage change without my multi-screen setup, I tried a “Ask Me Anything” session for the week. It was a resounding success with very varied questions.
• The impact of antitrust laws on the venture ecosystem
• The differences between being an angel and running an early stage fund
• How we acquired the first customers at OLX
• Whether marketplaces should start by building supply or demand
• How to build your brand in VC
FJ Labs’ Investment Thesis
In the third episode, I described how VCs evaluate startups by using a combination of the team, business, deal terms and whether the idea fits with their thesis to decide whether to invest or not. In this episode, I present FJ Labs’ Investment thesis.
I start by covering why we focus on marketplaces, then detail:
Our current marketplace theses:
Verticalization of horizontals
Transition to supply pick marketplaces
The Future of Food
The Future of Work
The Future of Real Esta
How VCs Evaluate Startups
In the first episode I covered how and when to fundraise. In this episode, I cover how venture capitalists (VCs) evaluate you once you are in front of them the help you refine your approach and pitch.
Build a MVP for less than $20k
I start by covering the theoretical do’s and don’ts of building a minimum viable product (MVP) before giving an in depth and specific example of how I would go about building a mobile golf application allowing golfers to find partners to play with at their handicap, in their region and/or club, with the same availability.
I cover how to use various tools and services such as Balsamiq, Awesome Screenshot and Upwork.
Fundraising: Everything there is to know in terms of fundraising for venture backed startups
Given that it's episode 1, I start by explaining why I am creating this podcast before covering everything there is to know in terms of fundraising for venture backed startups
• Common mistakes when fundraising
• The unwritten rules of venture capital
• How and when to approach venture capitalists
• Much more!