Empowering Leaders with Data and AI: Transforming Challenges into Solutions | Author of Graph Neural Networks in Action
I file this under founder education. It’s important that founders understand what motivates investors and how these motivations manifest in the terms and conditions of an investment agreement. While I wouldn’t obsess about it, it’s good to ask because many founders are not aware of the assumption that there will be an eventual exit. #founder #venturecapital #startups
Don't Care About Your Exit Strategy ______ Sometimes I hear other early-stage investors ask Founders about their exit strategy. I think that question is pointless. Asking the Founder of a pre-revenue or early-revenue company whether or not they plan to go public or be acquired 10 years down the road shouldn't be on the top 500 investor questions. When I meet with software founders at PHX Ventures, I'm trying to assess whether I believe this team, building this product, selling into this industry at this point in time will be able to build a high-growth, capital-efficient company. Team. Product. Market. Timing. Growth. Efficiency. All of these things need to go right for a company to be built successfully. And that's what I care most about - company building. Can this team stay together and stay in love with the problem? Can this team build a product that customers love and can't live without? Is the timing right for a product like this and who else is trying to compete? Can a $100m ARR company be built here? That's what I am trying to figure out. Can a real company get built here? If ambitious Founders build high-growth, capital-efficient, sustainable companies with great cultures, the right exit strategy will manifest itself at the right time. Just build something awesome. #founders #venturecapital #b2b #saas
Scaling an investment ecosystem for Africa's tech startups
6moAbsolutely the right focus for founders!