The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: The Biggest Misconceptions & Hardest Truths About Seed Investing Today; Why The Best Founders Don't Need You, Why Uncapped SAFEs Are Good, Why Reserves Are Bad, Why Signalling is BS, Why Price Doesn't Matter with David Tisch & Terrence Rohan
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Feb 5, 2024 
David Tisch, Managing Partner at BoxGroup, and Terrence Rohan, Managing Director at Otherwise Fund, dive into the gritty realities of seed investing. They challenge misconceptions like signaling and argue why many traditional strategies, such as maintaining reserves, might actually hinder returns. Tisch insists seed investing remains an inefficient market, advocating for price insensitivity and individual decision-making over groupthink. They also discuss the evolving power dynamics favoring founders in today's funding landscape, emphasizing the need for authentic relationships.
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Prioritize Early Founder Relationships
- Build relationships with founders well before fundraising.
- Repeat founders return if you treated them well initially.
VC Value Proposition
- Most VCs offer the same product: money for equity.
- Real value is demonstrated after investment, not during the pitch.
Collaborative Seed Investing
- BoxGroup prioritizes collaboration over competition at the seed stage.
- They aim to be a supportive partner, not a replacement for other investors.