This Week in Startups ANGEL: Freestyle’s Jenny Lefcourt on nailing non-consensus bets and avoiding hype | E1704
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Mar 22, 2023 Jenny Lefcourt, General Partner at Freestyle VC and co-founder of All Raise, passionately discusses the mission to enhance diversity in venture capital. She emphasizes non-consensus investing, sharing successful experiences with companies like Narvar and Discord. The conversation also highlights the limitations of traditional board meetings compared to strategic meetings, underscoring the challenges and opportunities in navigating investment biases and the evolving landscape of venture capital.
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Prioritizing Diversity in Venture Capital
- Prioritize increasing diversity among check-writers to promote diverse investments.
- Diverse firms are more likely to support diverse founding teams, fostering a more inclusive tech landscape.
Evergreen Business Models
- Venture capitalists favor business models that scale easily and become more efficient with growth.
- Look for network effects where growth simplifies operations and improves product offerings.
BetterUp's Virtuous Cycle
- BetterUp started by offering executive coaching, attracting high-quality coaches and clients.
- This created a virtuous cycle, making it easier to acquire bigger clients and further refine the product.