My First Million #52 - AI Teachers, Deskless Workforce & The Passion Economy with Zak Kukoff
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Mar 1, 2020 Zak Kukoff, a young venture capitalist at Emergence Capital, shares his insights on investing in the next generation. He discusses the debate between cash and equity compensation, having left school at 16 to pursue funding. Zak explores the deskless workforce and the rising passion economy, emphasizing how technology can empower small businesses. He also discusses strategies for building effective sales teams and highlights AI's potential to enhance education and sales skills, painting an exciting picture of the future workforce.
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Early Startup Experience
- Zak Kukoff left high school at 16 to pursue a startup in edtech, raising 250K.
- The startup ultimately failed due to a co-founder leaving for college after parental pressure.
Dorm Room Fund Outcomes
- Investing in very young founders can be a successful strategy, yielding companies like FiscalNote and Bevy.
- However, it's also risky due to founders' inexperience, as seen with Lily AI.
Balancing College and Career
- Combine having fun in college with building professional experience.
- Early professional exposure creates compounding reputational and career benefits.