This Week in Startups Ask an Angel PLUS Antonio Garcia Martinez vs. Apple with Zach Coelius | E1215
May 15, 2021
Zach Coelius, an experienced angel investor, joins the discussion to answer listener questions about startup dynamics and marketplace strategies. He emphasizes the importance of a strong value proposition in funding and consumer behavior. The conversation then shifts to Apple's controversial firing of Antonio Garcia Martinez, sparking a debate on cancel culture and the impact of public perception. Coelius shares insights on investment strategies, emphasizing the need for focus in early-stage startups, while navigating the complexities of VC relationships.
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Marketplace Focus
- Focus on solving supply and demand issues in your marketplace.
- Take rate is less important than value provided to buyers and sellers.
Focus on Real Progress
- Focus on tangible progress, like acquiring customers.
- Avoid distractions such as awards, competitions, or advisor count.
Follow-on Investing Strategy
- Treat early-stage and follow-on investing as separate disciplines with different strategies.
- Prioritize information and rely on proxies like lead investors for follow-on rounds.
