This Week in Startups E1070: The Power of Accelerators E7 Ravi Belani, Managing Director of Alchemist Accelerator on why the best entrepreneurs love the process, risk-taking, sourcing & investing in Justin.tv at DFJ & more
Jun 3, 2020
Ravi Belani, Managing Director of Alchemist Accelerator and former DFJ investor, shares his insights from the B2B startup world. He discusses the unique benefits of accelerators, emphasizing their risk-taking approach compared to traditional VC firms. Ravi reflects on the investment journey with Justin.tv, shedding light on innovative media challenges. He also explores the evolving startup landscape post-pandemic, remote collaboration's impact, and the spiritual dimensions of entrepreneurship. Belani underscores that the best entrepreneurs embrace the process, not just the outcomes.
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Accelerator Value
- Accelerators provide crucial support for entrepreneurs, easing the loneliness of the journey.
- The connectedness and shared experience within an accelerator are invaluable.
Justin.tv Investment
- Ravi Belani sourced the Justin.tv (later Twitch) investment at DFJ, despite initial skepticism.
- The investment highlighted the importance of focusing on what can go right, not just risks.
Alchemist Deal
- Alchemist Accelerator offers $36,000 for 5% equity, negotiable based on company needs.
- The focus is on partnership, not just cash, providing tailored support.
