This Week in Startups How much money is too much? (VC Sunday School) + Climate: Andrew Beebe of Obvious Ventures | E1401
Mar 6, 2022
Andrew Beebe, Managing Director at Obvious Ventures, dives into the world of climate tech, sharing his journey from solar to sustainable investments. He discusses the importance of investing in electric mobility and carbon markets, while highlighting how contrarian bets can shape successful careers. Andrew emphasizes the significance of foundational growth for startups and how carbon disclosure will transform industries. He also recommends Kim Stanley Robinson's "The Ministry for the Future" as crucial reading for understanding the climate context.
AI Snips
Chapters
Books
Transcript
Episode notes
The Milestone-Based System
- Follow the milestone-based system of venture capital.
- Raise smaller rounds, build credibility, and then qualify for more funding.
Skipping Steps
- Skipping steps in fundraising can lead to a lack of essential skills and hygiene.
- This can create problems later, like not understanding the customer or achieving product-market fit.
Mahalo's Series B
- Jason Calacanis raised his Series B for Mahalo before launch after talks with Rupert Murdoch.
- While aggressive, it allowed the product to launch and reach $10M in revenue by year three.
