Avlok Kohli, CEO of AngelList Ventures, dives into insights on strategic acquisitions and improving meeting efficiency. He shares thoughts on the potential of rolling funds and highlights interesting startups at AngelList. Joining him is Xavier Helgesen, Co-CEO of Enduring Ventures, who discusses his experience in acquiring businesses for long-term value. Xavier reveals the role of financial acumen in acquisitions and explores innovative profit-sharing models, while also emphasizing the importance of local business opportunities and effective financial evaluations.
01:49:43
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Shaan's AngelList Admiration
Shaan Puri admired AngelList for its potential within the entrepreneurial space, likening it to a superior version of LinkedIn.
Years ago, he stated his desire to work at AngelList if he ever had to choose a company to join.
question_answer ANECDOTE
Avlok's Journey to AngelList
Avlok Kohli, CEO of AngelList Venture, shared his career journey, from software engineering to founding FastBite, a food delivery company.
After FastBite's acquisition by Square, he joined AngelList, drawn by its platform's similarities to Square's financial platform.
question_answer ANECDOTE
FastBite's Acquisition
FastBite differentiated itself in the competitive food delivery market by offering a limited menu with incredibly fast delivery times.
This speed advantage, driven by a small, efficient team, became the key reason for Square's acquisition.
Get the Snipd Podcast app to discover more snips from this episode
Building an Unbeatable Business One Crazy Idea at a Time
Jim Mckelvey
The Innovation Stack by Jim McKelvey offers insights into how entrepreneurs can build unbeatable businesses by solving unsolved problems through a series of innovative solutions. McKelvey shares his experiences with Square and explores historical examples of companies that have successfully employed this strategy. The book emphasizes the importance of continuous innovation and problem-solving in entrepreneurship.
Today’s episode is a double header. Sam Parr (@theSamParr) is out today, so Shaan Puri (@ShaanVP) hosts the pod today with two guests Xavier Helgesen (@XavierHelgesen) Co-CEO of Enduring Ventures and Avlok Kohli (@Avlok) CEO of AngelList. In today’s episode you’ll hear: Avlok gives his background on how he became CEO of AngelList (1:55), Shaan asks Avlok how he Fast Buy got acquired so fast (6:15), Avlok shares some ideas he has for the future of business (11:15), Shaan and Avlok talk about how to improve meetings (13:20), Shaan asks Avlok some of the cool companies he’s seen at AngelList (18:45), Shaan asks “What’s it like working with Naval?” (23:20), Shaan and Avlok talk about the problems with traditional funds and the potential with rolling funds (25:30). Shaan interviews Xavier Helgesen (54:52), Xavier gives his background (55:40), Shaan asks Xavier about his solar company in Africa (56:40), Xavier talks about his CFO-brain and how it’s helped his career (59:30), Shaan asks Xavier what he’s interested in lately (61:00), Xavier tells about his acquisition of UpCouncil (66:55), Shaan asks Xavier how to implement a profit-sharing company (78:20), Shaan explains how local and neighborhood networks are simple and profitable (85:10), Xavier explains what he looks at in financial statements when looking at a companies to acquire (68:28), Shaan asks Xavier if he has an opinion on SPACs (95:15), Xavier gives a list of a few books that every entrepreneur should read (102:45). This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off. Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.
My First Million 