This Week in Startups Investing in down rounds (VC School) + The Lightsmith Group Co-Founder Jay Koh (Climate) | E1431
Apr 10, 2022
Jay Koh, Co-founder and Managing Director of The Lightsmith Group, delves into the urgent need for investments in climate resilience and adaptation. He discusses overlooked areas like supply chain management and warns against the pitfalls seen in earlier climate investing waves. Koh emphasizes innovative strategies and investment opportunities in climate solutions, especially as communities face increasing challenges from climate change. The conversation reveals both the complexities and the promise of navigating venture capital in the climate sector.
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Supporting Founders and Upward Trends
- Support founders who execute well, communicate, and experience unforeseen challenges.
- Prioritize investing in companies with upward trends, as they offer better chances of success.
Flat Rounds vs. Down Rounds
- Flat rounds can be a strategic move to extend runway and maintain valuation.
- Down rounds signal company struggles, making VCs hesitant to invest further.
Baseball Analogy
- Jason Calacanis intentionally got hit by pitches in baseball due to his poor hitting.
- This 'Moneyball' tactic highlights finding alternative paths to success.