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#062 Meeting Charlie Munger and Starting RE Costseg with David Senra and Mitchell Baldridge
Smart Friends
The Importance of Equity in Startups
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Ari Causan: In so many, my most common answer to people who send me a deck or try to raise money is like, this is a great business. But if you immediately go raise money at a five, 10, $20 million valuation for venture investors, like now that's the bar for success. He says founders do that in startups when they're doing it too, right? Like you put in fractions of a penny per share and the initial founding value of the business is really low. "I think we're seeing interesting like Tyler Tringus, the calm fund, right, is like funding specifically companies like this," he said.
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