This Week in Startups Inbound vs. outbound deal flow (VC School) + Jason Jacobs of My Climate Journey | E1425
Apr 3, 2022
Jason Jacobs, founder of Runkeeper and My Climate Journey, dives into the world of venture capital's deal flow strategies, discussing the nuances of inbound vs. outbound approaches. He emphasizes the importance of community in climate tech, sharing insights from his journey in advocacy and scaling investments. Jacobs advocates for transparent communication with founders, presenting a unique philosophy that turns relationships into opportunities. The conversation highlights the transformative power of climate innovation and the vital role of community in tackling global challenges.
AI Snips
Chapters
Transcript
Episode notes
Building Deal Flow
- Build a personal brand as a VC through various avenues like events, podcasts, or blogs.
- Actively hunt for deals, especially early in your career, through cold outreach and networking with other investors.
Avoiding VC Entitlement
- VCs often develop "VC entitlement", setting unrealistic expectations for founders.
- Jason Calacanis encourages VCs to stay humble and open-minded, considering the potential of every deal.
Balancing Due Diligence and Open-mindedness
- Jason Calacanis shares examples of founders dedicating significant time to niche products with limited market appeal.
- He highlights the importance of balancing due diligence with open-mindedness, as seemingly niche ideas can evolve with technological advancements.