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This Week in Startups

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.
54:37
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Episode guests

Sahand Dilmaghani

Podcast summary created with Snipd AI

Quick takeaways

  • Late-stage VC market has seen decreased exit opportunities and firms are exploring continuation funds for liquidity.
  • Terra Kaffe's super automatic coffee machine TK2 offers enhanced customization, cost savings, and eco-friendly features.

Deep dives

Late Stage VC Market Update

Late stage VC investments and the market trends are analyzed. As per Financial Times, US VCs hold a record $311 billion in industry dry powder. The delayed exit opportunities due to the closed IPO window and limited M&A activities have created a bottleneck in returning capital to LPs. The average exit value has dropped to around $125 billion per year, half of the average for the past decade. VC firms are exploring continuation funds to sell minority stakes in private companies, providing liquidity to LPs.

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