Our model is really a payt forward model. Not that many others don't. So our mentors all chip in each year some o their time and money to help run that programme. And they're all investing their time and then start ups give up one point of common equity. It's kind of like adviser equity, but, like, what would you get an army of advisers? All the mentors that year all get a piece of all the companies that year....
0:35 Jason intros Capital Factory CEO & Founder Josh Baer
1:47 What is Capital Factory in its current iteration? How are they transitioning to remote? Loss of serendipity of random in-person connections
5:38 Josh takes Jason through the SXSW cancellation
10:29 Issues conceptualizing COVID's impact
15:35 Transitioning to rolling cohorts & optimizing their Slack community
21:36 Capital Factory's standard deal terms, why founders join, how returns are divvied up
27:30 Starting Capital Factory during the last economic downturn, how millennials will react to this crisis
30:45 Josh describes his 5 buckets of how companies are weathering the COVID storm
35:09 Remote work's effect on startup collaboration
41:01 COVID's effect on children, getting back to work
47:37 What investing mistakes has Josh made, and how has he learned from them?
56:00 What founder traits does Josh look for?
59:14 Moving to Austin, SXSW history