Late-stage VC market update + Terra Kaffe's Sahand Dilmaghani | E1891

Feb 3, 2024

Sahand Dilmaghani, the Founder and CEO of Terra Kaffe, shares his journey in creating super-automatic coffee machines designed for home brewing. He discusses the advantages of these machines over traditional pod systems, particularly in achieving quality coffee while minimizing environmental impact. The conversation also delves into scaling the business, overcoming the challenges of direct-to-consumer sales, and the innovative design features that differentiate Terra Kaffe’s products in a competitive market.

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INSIGHT

Late-Stage VC Market Dynamics

Late-stage VC funding is down due to a locked-up exit market.
Limited partners (LPs) aren't getting returns, so they can't reinvest, creating a ripple effect.

INSIGHT

Continuation Funds Explained

Continuation funds offer a solution to the liquidity problem in late-stage VC.
They allow VCs to sell stakes in private companies to new investors, providing returns to LPs.

ADVICE

Down Round IPO Predictions

Expect more down round IPOs in 2024 as companies prioritize going public.
Some companies, like Stripe, with ample cash, may wait for better valuations.

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