This Week in Startups

State of early-stage VC, finding PMF, Caroline Ellison testifies & more with Zach Coelius | E1826

30 snips
Oct 11, 2023
Guest
Zach Coelius
Zach Coelius, an early-stage investor focused on pre-Series A startups, shares valuable insights on the startup funding landscape. He discusses the three phases of early-stage development and the challenges founders face in securing initial funding. The conversation also touches on the relationship between LPs and GPs in venture capital, the importance of product-market fit, and how startups can pivot based on customer feedback. Coelius highlights the need for adaptability and learning from failures in the quest for market success.
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INSIGHT

Early-Stage Phases

  • Early-stage startups have three phases: pre-seed, seed, and seed+.
  • Each stage represents a different level of validation and funding needs.
ADVICE

Validate First

  • Focus on validating your idea before building a product.
  • Test your idea with real customers to ensure there's actual demand.
ANECDOTE

Restaurant Analogy

  • Zach Coelius uses a restaurant analogy to explain pivoting.
  • Startups should be flexible and willing to adapt based on market feedback.
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