The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
443. The Path from Aspiring VC to Partner at Bessemer, Building Non-Consensus Conviction, The Most Compelling Vertical Applications of AI, and Why Fintech is the New Frontier in Supply Chain (Mike Droesch)
Jul 22, 2024
Mike Droesch, Partner at Bessemer, talks about AI applications, vertical AI companies, FinTech in supply chain, and making non-consensus bets in venture capital. They discuss advancements in AI, challenges in supply chain operations, and the potential for FinTech to revolutionize efficiency.
52:04
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Quick takeaways
- Focus on customer problems and industry knowledge for VC success.
- Thesis-driven approach crucial in venture capital with industry adaptation.
Deep dives
Tovala's Success and Retail Partnership with Costco
Tovala, a meal kit company led by CEO David Rabi, has witnessed significant success with three profitable months and revenue in nine figures. They have recently partnered with retail giant Costco, expanding their reach and offerings. The company's focus on delivering high-quality, easy-to-prepare meals in a time-efficient manner has been key to their achievements.
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