How to Get a 15 Million Dollar Valuation for a Startup

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The problem is a lot of founders think highly of themselves. They self select for a group of people with strong carisma, strong egos. So they will believe that they should be funded as if they've already launched the product and have ten paying customers. The three things a founder should worry about are those first three, team, product, customer. But the fourth one we have to look out, which is the deal. If a company's coming into i combinator, tex stars launch accelerator at a two million dollar valuation, you making a hundred k bat to own five or six %, and you can get deluted down to one and a half%. You made a hundred ka bat

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

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