The top 10% of late stage startups by valuation have seen those valuations plummet from $1.1 billion in Q2 to $680 million. So down 43%, a 54% decrease from pre-money valuation. What is our role? What happens to us if one of those unicorns has that valuation decline? And what is our role in the kind of valuation cycle at the early stage?
J+M kick off the show with another edition of VCSS: a VC’s role in a down market and protecting your money and founders. (4:32) Then, Dan Meyers of Flair joins Molly for this week’s edition of TWiCS.(28:27)
(0:00) J+M discuss how winners start work on Sunday
(4:32) VC Sunday School: Raising and deploying capital in a collapsing economy
(11:32) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(13:02) Pay-to-Play + fiduciary duty vs friendship
(18:10) Smash Digital - Visit https://SmashDigital.com/TWIST to get a free SEO video audit for your business
(19:32) Dollar-cost averaging into a trade and having the founder’s back
(28:27) Molly kicks off TWiCS with Flair Founder - Dan Meyers
(36:41) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(38:10) Flair’s business model and the smart puck and vent
(49:23) Dan’s pitch to customers and Flair’s competition
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