This Week in Startups

How VCs evaluate pre-launch startups + Mycocycle's Joanne Rodriguez | E1540

Aug 21, 2022
Joanne Rodriguez, Founder and CEO of MycoCycle, shares her groundbreaking work using mushrooms for environmental remediation. She discusses how her company transforms construction waste into new materials through innovative fungi-based processes. The conversation touches on the challenges of securing venture capital for startups in novel markets and highlights the importance of sustainability in waste management. Rodriguez also provides insights into her vision for a future where mycelium plays a crucial role in creating eco-friendly solutions.
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ADVICE

Founder Importance

  • Prioritize pre-launch startup founders with successful exits.
  • Consider founders who significantly contributed to successful startups if no exits.
ADVICE

Domain Expertise

  • If a founder lacks a track record, assess their domain expertise and unique insights.
  • Look for specific skills and insights that give them an edge.
ADVICE

Customer Analysis

  • Evaluate the customer base and existing solutions.
  • Understand how the startup differentiates itself and offers better value.
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