

How to value startups (VC School) + Creating Diamonds from Air with Aether’s Ryan Shearman (Climate) | E1482
Jun 12, 2022
Ryan Shearman, CEO of Aether and climate tech angel investor, discusses revolutionary diamonds made from atmospheric carbon. He shares insights on the ethical benefits of lab-grown diamonds, appealing particularly to younger consumers. The conversation dives into the growing market acceptance of these gems and highlights their potential for driving climate action. Additionally, Shearman reflects on his personal journey into climate tech, spurred by the impacts of hurricanes, emphasizing the importance of creating a meaningful legacy.
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Productive Follow-ups
- Don't take follow-up meetings with VCs unless you've made major progress.
- Otherwise, you'll appear unproductive and unable to execute.
Valuation with Multiple Term Sheets
- If a company has multiple term sheets, its valuation is set between the highest and lowest offers.
- Your decision then simplifies to whether you want to invest at that market-established price.
Calculating Run Rate
- Understand how companies calculate their run rate.
- It can be based on the last month, the average of the last three months, or even forward-looking projections.