What's a Letter of Intent?

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Lik is a letter of intent. As we talk about it's a letter of nothing. Pre orders in full or deposit, are super meaning ful because it means somebody out there wants the product so much they're willing to take the risk. And then also at the kick starters and indigogo different cause you put your money up and you can lose it if they don't deliver.

Sunday show! First up, Jason breaks down how VCs evaluate pre-launch startups (1:54) and startups that are going after a market that doesn't exist yet. (15:21) Then, Molly is joined by Mycocycle CEO and Founder Joanne Rodriguez to talk about developing fungi-powered toxic waste removal and raw material generation! (30:36)

(0:00) Molly intros today's segments!

(1:54) VC Sunday School: How Jason evaluates pre-launch startups

(13:46) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist

(15:21) How VCs evaluate startups building for markets that don't exist yet

(20:51) Comparing early examples of traction: pre-orders, crowdfunding, LOIs and more

(29:16) Masterworks - Skip the waitlist to invest in fine art using at https://Masterworks.io/twist

(30:36) Mycocycle CEO Joanne Rodriguez joins to talk about fungi-powered toxic waste removal and raw material generation

(38:26) Helpware - Go to https://helpware.com/TWIST to get $1000 off your first invoice

(39:33) Mycocycle's finished product, how they're recycling raw materials, traction so far, future of the business

Disclaimer: Since inception, Masterworks has sold five paintings from the collection. All sales are net of all fees and expenses. The sale of any paintings from the Masterworks collection, and the option to waive fees, is at the sole discretion of Masterworks and paintings may be held in excess of or up to 10 years or longer. Past price performance is no guarantee of future results. Any historical returns, expected appreciation, or probability projections are not guaranteed and may not reflect actual future performance.