"I'm meeting with a lot of companies that don't have a lead," he says. "We're going to, in diligence, see all the documents anyway and we're going to know it." The podcast has set up an exercise for founders: Tell us what is soft circled signed, signed and wired money is in your bank account. We might be able to help you fill out the round by reviewing based on the terms - but we're not doing it.
For today’s VC Sunday school, Molly asks Jason about valuation- valuing startups (1:44). Then for This Week in Climate Startups, Molly sits down with Ryan Shearman, CEO of Aether, to talk about how Aether makes diamonds using carbon extracted from the atmosphere (37:22).
(0:00) Cold Open
(1:44) VCSS: Valuation- reconsidering valuation, estimating valuation as a function of multiples
(13:16) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(14:33) Why are some companies so secretive about their valuation?
(23:17) BetterHelp - Get 10% off your first month at https://betterhelp.com/twist
(24:31) Bridges, seed extensions, pre-series A
(30:38) Microsoft for Startups Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(31:54) Toss to This Week in Climate Startups
(37:22) TWiCS: Ryan Shearman, CEO of Aether (making diamonds from atmospheric carbon)