5min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: WTF Is Going On In Venture Capital; Seed Round Pricing Will Remain High, Series B & C Has Gone Completely, Downrounds Are Coming | Why Defensibility is BS on Day 1, Why Market is More Important Than Founder & Why Being First To Market Doesn't Matter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

How to Be CEO of AngelList

Gokkul: How did you come to be CEO of AngelList and what was that entry to the Rolfi? Outlook: I think first one is building for yourself will lead to a much higher probability of building something that people love. If you're first in market, you're effectively building the idea maze for all the other entrepreneurs that will come after you unless you navigate that idea maze successfully. When we talk about defensibility, what we really are saying is how costly it would be for someone to replicate your business with any seed or follow-up funding. Do you agree with me in finding it completely useless at preceding seed or do you think there is inherent defensibility

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