● Marc Andreessen
● Being lonely
● Tati watching smt when shes not feeling well
● Intern at VC
● Lucky Day
● Oura - the app for
● HRV - higher the better - heart rate variability
● Thathrvguy
● TERMS
○ Angel investor
■ Investing in a company by yourself
■ They are not venture capitalists, invest on other people
○ VC Investors
■ Raise big money
○ Termsheet
■ Doc with intentions of what a deal could be
■ Raising money, draft a termsheet
○ Bootstrap
■ Cant raise money
■ Sweat equity - do all on your own
○ “Dime a dozen”
■ An idea
○ NDA (Non-disclosure agreement)
○ MVP
■ Minimum viable product
■ Strive for this
■ Build exactly what you need to get the point across not completely
○ Burn rate
■ What does it cost you every month to run your business
○ Runway
■ You have 20 grand to last you how many months
■ When will you run out
■ At least 6 months runway
○ Pre Seed, Seed, Series A B C D
■ Pre Seed-when the idea is just forming
○ Product Market Fit
○ Deck
○ Freemium
○ IP - value of a lot of companies is based on IP
○ Iterate
■ Idea that completely changes
○ KPIs
■ Key performance indicators
● To get to success
○ Pivot
■ Went in one direction and piveoted
○ UI/UX
■ UX - experience of purchasing smt at a grocery store
■ UI - actual look and feel of the product
○ Scaleable
○ Sweat Equity
○ Valuation
○ Cap table screwed up(not an investable busienss when the initial investor for
50% for 100,000 and now it's more)
○ Exit Strategy
■ Sell?
○ Unicorn
■ Billion dollar company
● John doer - venture capitalist
● Naval Ravikant - The Angel Philosopher
● The Monk and the Riddle
● Dont do a deferred life plan
● Launch smt → figure out whats most used feature
● Startup idea
○ 1 mil users
○ 20% growth per year
○ Billion dollar
○ Law change
○ Hourly
● Find a problem first not solution
● Whats your unfair advantage
● Make sure its 10 times better than existing product
● Acquisition $0
○ Build something that if a user uses it, they bring other users with them
● Map idea like easily find what stuff are around me
● Hyper targeted local targeting
● Conmigo - khan academy
● Boxing without a second person
● Crunch space - what companies have been funded recently
● Headout - curate what i should do in a new city
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