This Week in Startups VC investing in a downturn & protecting founders + smart vents with Flair's Dan Meyers | E1617
Nov 20, 2022
Dan Meyers, the CEO of Flair, shares insights on creating smart vents and thermostats aimed at improving energy efficiency. He discusses the innovative technology behind Flair’s products and their role in optimizing home climate control while being eco-friendly. The conversation also explores the impact of current economic conditions on venture capital and the challenges faced by founders in maintaining support from investors. Meyers emphasizes the need for resilient business strategies in climate tech as consumers shift towards sustainability.
AI Snips
Chapters
Transcript
Episode notes
Sunday Work
- Winners start work on Sunday to get ahead.
- Use Sunday to prepare for the week and maximize your productivity.
Down Round Challenges
- Founders face difficult choices during down rounds, including bridge rounds and flat rounds.
- Existing investors may demand more equity or warrants in exchange for bridge financing.
Cram-Down Rounds
- In cram-down rounds, preferred shares convert to common, and a new investor gains control.
- Existing investors lose board seats, information rights, and liquidation preferences.