You Didn't Think Justin TV Was a Goof?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

I was on the investment team at te f j for five years, and so my first unicorn investment was the precursor te swhitch. Justin was running around with a back pack with a camera and making like a reality show. It was considered to be candid as a goof people thought it was goof of a start up. You didn't think justin t v was a goof. What did you see in that that made you think that there was something legitimate here in terms of a business? Well, the big thing when you're an early stage ventre captan, everything you said is exactly right. There aren't that many paths to building a company that can become a billion dollars in...

0:20 Jason intros Alchemist's Ravi Belani
3:41 Why is Alchemist named after Paulo Coelho book? What is the biggest benefit of Accelerators?
5:47 Ravi's background at DFJ, sourcing the Justin.tv investment
15:02 Why Ravi left DFJ to start Alchemist
21:52 How many companies have gone through Alchemist and what is their standard deal?
28:21 Why accelerators take more risk than VC firms
35:07 The best entrepreneurs love the process
38:35 How are Alchemist's programs structured? Did they have trouble transitioning to remote?
44:38 Have virtual meetings been resulting in checks from investors? Dealing with investing in competitive companies
49:59 What is Alchemist's diligence process like?
55:01 What does venture capital funding look like in the medium-term