How to Survive in VCs

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The more you can, as a founder and a company have a mindset of like, I'm here to survive. VCs in my experience are trying to reduce the number of zeros by getting founders motivated who haven't seen this before. So it could also be pragmatism. You know what, if it's going to cost 15 million or 20 million for a stage fund coming out of an accelerator, I don't like this price but I'll pay it because it's triple what we were paying 10 years ago or seven years ago.

Today, Acquired’s David Rosenthal joins us. We discuss their recent Climate Pledge Arena Show (1:37), the new fundraising environment, and what the best founders and VC firms are doing (21:29), and we dig into the New York Times' latest hit piece on Glossier CEO Emily Weiss (37:40). We wrap with an optimistic look at what Australian billionaire and Atlassian CEO Mike Cannon-Brookes is doing to take on Australia's biggest polluter (1:00:59).

(00:00) Cold open
(1:37) David Rosenthal from Acquired catches up with Jason and Molly
(12:01) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist
(13:18) Crypto downturn, good for crypto in the long run?
(20:11) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(21:29) “VC Winter” warnings for founders
(36:24) Reforge - Apply for their next cohort at https://reforge.com/twist
(37:40) Glossier hit piece - NYT decides to dunk on Glossier founder Emily Weiss
(53:13) Jason reveals his workshop process for comedy
(56:38) Founders’ response to NYT hit piece on Emily Weiss
(1:00:59) Mike Cannon-Brookes trying to buy AGL, Australia's largest energy producer
(1:13:05) Teasing tomorrow’s show: GameStop earnings