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Sophia Amoruso on branding, raising a fund, portfolio construction & more | E1684
This Week in Startups
Is It the Founder?
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I'm just loving it. That's why I do a podcast. You get to like learn for an hour. How much of your investment at this stage is in the idea or the founder? Like 5 million valuation is like, all right, there's some traction, but it's still the chance of that becoming a noober. Yeah. So is it the founder? Is it other people's cosines? It used to be founders. There's too many funds. People are sending you deal flow that are the ones that can't raise money. And they invested in the winners in their portfolio. They're sending you the negative portfolio because then you get to extend the life of their losers
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