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E29: Lo Toney, Plexo Capital on How He Raised Capital from Google, the Ford Foundation, Mass Mutual
How I Invest with David Weisburd
Applying First Principle Thinking in Early-Stage Startups
This chapter explores the concept of first principle thinking and its applicability in building a team and raising a pre-seed round. The hosts discuss the importance of breaking the narrative and having a fundamentally sound business, while also highlighting the characteristics to look for in early-stage startups, using the example of scooters as a non-traditional method of transportation. They also delve into how activities treated like games or hobbies can be potential indicators of success.
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