32% of the funds, you know, $39 million in deployable capital is going to these first bets. 38% even more for follow on investments. And that's really my philosophy of early stage investments: place a lot of small bets and then have a lot of cash reserves to bet more. You might have so many companies that are doing so well that you don't have enough reserves. That's where almost all VCs wind up. We have to have to figure out how to get more money into the winners.
On VC Sunday School, Jason and Molly discuss how VCs size their investments (1:40). Then, Molly is joined by Ben Birnbaum of Keyframe and TeraWatt! (13:17)
(0:00) Molly tees up today's topics!
(1:40) Jason breaks down how VCs think about bet sizing!
(11:43) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(13:17) Molly welcomes Ben Birnbaum of TeraWatt and Keyframe to discuss his background and why he started TeraWatt!
(27:07) Odoo - Get access to all of Odoo's apps, services, and maintenance for under $25 at https://odoo.com/twist
(28:15) Ben explains the current state of commercial EVs and TeraWatt's progress
(34:05) How TeraWatt spawned Keyframe, where Ben is an investment partner
(38:20) House of Macadamias - Get 20% off at https://houseofmacadamias.com/twist by using code TWIST20
(39:47) Ben explains how and why he started an investment firm to fund his own startup (and startups like it!)
Check out TeraWatt: https://terawattinfrastructure.com
Check out Keyframe: https://www.keyframecapital.com
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
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