My First Million

#105 with Avlok Kohli and Xavier Helgesen - Leading AngelList Ventures and Buying Businesses Like Berkshire Hathaway

Aug 28, 2020
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.
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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.
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.
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.
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