This Week in Startups Ask Jason: investing in similar startups, pitch deck tips + MycoWorks Co-Founder Sophia Wang | E1630
Dec 8, 2022
Sophia Wang, Co-founder and Chief Culture Officer of MycoWorks, is on a mission to revolutionize materials with her innovative mycelium technology. She shares insights into the startup's unusual fundraising journey and the intersection of art and biomaterials. Discover how MycoWorks is creating sustainable leather alternatives and forming partnerships with luxury brands. Sophia also sheds light on her unique role, emphasizing values and culture in a fast-evolving industry focused on sustainability.
AI Snips
Chapters
Transcript
Episode notes
Handling Competition in VC Investments
- Venture firms typically invest in around 30 companies per fund and avoid direct competitors within the same fund.
- If competition arises unexpectedly, create firewalls between portfolio companies to prevent information sharing.
Competition in Accelerators
- Accelerators, unlike venture firms, often don't have competition rules due to high company volume and early-stage pivots.
- Founders should research potential investors to ensure no conflict of interest exists.
Pitch Deck Strategies
- Create a short, 5–10 slide "teaser deck" to pique investor interest and secure a meeting.
- This deck should act like a movie trailer, highlighting key aspects without revealing everything.