Podcast appearances and mentions of Elizabeth Yin

Anastasia Trofimova sold everything, moved across the world and started Sundae to make food content shoppable—linking influencers, grocery carts, and brand dollars. Her pitch checks all the boxes. But when she asks for a $10M valuation, things got complicated. Will investors buy in, or bail at the register? This is The Pitch for Sundae. Featuring investors ⁠Charles Hudson, Elizabeth Yin, Ben Zises and Kate McAndrew. ... Watch Anastasia's pitch on YouTube (@thepitchshow) and Patreon (@ThePitch) Subscribe to our public email newsletter: insider.thepitch.show Join our private investor community on Substack: thepitch.fund Register for the Season 13 Finale Watch Party: pitch.show/party *Disclaimer: No offer to invest in Sundae is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

After a decade in the ER, Dr. Therese Canares built CurieDx—an AI-powered app that can detect strep throat from a smartphone photo with 88% accuracy. But when she pitches both a consumer and enterprise play, the investors push back: can one founder really do it all? This is The Pitch for CurieDx. Featuring investors Paige Finn Doherty, Charles Hudson, Elizabeth Yin, Jesse Middleton and Jenny Fielding. ... Watch Therese's pitch on YouTube (@thepitchshow) and Patreon (@ThePitch) Subscribe to our public email newsletter: insider.thepitch.show Join our private investor community on Substack: thepitch.fund Register for the Season 13 Finale Watch Party: pitch.show/party *Disclaimer: No offer to invest in CurieDx is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Julian Alvarez wants to turn every student into a super-learner. With $1M in ARR and 180,000 monthly active users, he's off to a strong start. Can Jungle become the Duolingo for studying, or will ChatGPT steal his lunch money? This is The Pitch for Jungle. Featuring investors Charles Hudson, Elizabeth Yin,  Jesse Middleton, Ben Zises and Kate McAndrew. ... Watch Julian's pitch on YouTube (@thepitchshow) and Patreon (@ThePitch) Subscribe to our public email newsletter: insider.thepitch.show Join our private investor community on Substack: thepitch.fund Register for the Season 13 Finale Watch Party: pitch.show/party *Disclaimer: No offer to invest in Jungle is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

With deals from LinkedIn, Figma, and a Fortune 100 giant, Kelsey Willock's startup Aura Finance is off to a strong start. But will early traction be enough to justify a steep valuation in a competitive space? This is The Pitch for Aura Finance. Featuring investors Charles Hudson, Elizabeth Yin, Jesse Middleton, Jenny Fielding and Kate McAndrew. ... Watch Kelsey's pitch on YouTube (@thepitchshow) and Patreon (@ThePitch) Subscribe to our public email newsletter: insider.thepitch.show Join our private investor community on Substack: thepitch.fund Register for the Season 13 Finale Watch Party: pitch.show/party *Disclaimer: No offer to invest in Aura Finance is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

After quitting her job at Google, Elizabeth Yin took a bold leap into entrepreneurship by founding LaunchBit, an adtech company. Despite facing challenges with fundraising and customer acquisition, LaunchBit was acquired. Drawing on these experiences, Elizabeth joined 500 Startups, where she invested in early-stage companies. As co-founder of Hustle Fund, she now backs startups focused on speed and execution. In this episode, Elizabeth joins Ilana to share the challenges of starting a business, how she evaluates founders to invest in, and the realities of fundraising in the competitive world of venture capital. Elizabeth Yin is a co-founder and General Partner at Hustle Fund, a seed-stage venture capital firm that invests in early-stage startups. She has reviewed over 20,000 startup pitches and assisted numerous portfolio founders in raising hundreds of millions of dollars. In this episode, Ilana and Elizabeth will discuss: (00:00) Introduction  (01:39) Falling in Love with Startups in High School (05:32) Adapting to Global Work Cultures (07:25) Leaving Google to Launch Her Startup (13:08) The Challenges of Starting a Business (16:28) How Mentors Shaped Her Startup Journey (18:15) How to Approach Mergers and Acquisitions (21:03) Key Lessons From Investing in 200+ Startups (29:41) Fundraising Realities and Strategies (33:36) The Mission Behind Hustle Fund (35:23) Navigating Stereotypes and Rejection (41:13) How to Decide Whether to Raise Capital (45:16) Handling Identity Shifts as an Entrepreneur (51:14) Building a Network Through Angel Investing Elizabeth Yin is a co-founder and General Partner at Hustle Fund, a seed-stage venture capital firm that invests in early-stage startups. She founded LaunchBit, an adtech company acquired in 2014, and was a partner at 500 Startups, where she invested in seed-stage companies. Elizabeth has reviewed over 20,000 startup pitches and assisted numerous portfolio founders in raising hundreds of millions of dollars. Connect with Elizabeth: Elizabeth's Website: elizabethyin.com  Elizabeth's LinkedIn: linkedin.com/in/elizabethyin/  Resources Mentioned: Hustle Fund's Website: hustlefund.vc/  Leap Academy: Ready to make the LEAP in your career? There is a NEW way for professionals to Advance Their Careers & Make 5-6 figures of EXTRA INCOME in Record Time. Check out our free training today at leapacademy.com/training

Royi Metser's smart running shoe promises fewer injuries—but are runners ready to subscribe to their shoes? This is The Pitch for Avelo. Featuring investors Charles Hudson, Elizabeth Yin, and two new investors to the show, Ben Zises and Kate McAndrew. ... Watch Royi's pitch on YouTube (@thepitchshow) and Patreon (@ThePitch) Subscribe to our public email newsletter: insider.thepitch.show Join our private investor community on Substack: thepitch.fund Register for the Season 13 Finale Watch Party: pitch.show/party *Disclaimer: No offer to invest in Avelo is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Typically a startup pitch that requires building a manufacturing facility would send VCs running for the hills. But could Whitman Kwok's high margin, zero-inventory model be the exception to the rule? This is The Pitch for KAV Sports. Featuring investors Charles Hudson, Elizabeth Yin, and two new investors to the show, Ben Zises and Kate McAndrew. ... Watch Whitman pitch his startup on YouTube (@thepitchshow) and Patreon (@ThePitch) Subscribe to our public email newsletter insider.thepitch.show Join our private investor community on Substack at thepitch.fund Register for the Season 13 Finale Watch Party at pitch.show/party *Disclaimer: No offer to invest in KAV Sports is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Michele Callegari has grown Barberino's to the #1 luxury men's grooming brand in Italy. Can he replicate the same success in the US – and if he does, will the Italian investors want their cut? This is The Pitch for Barberino's. Featuring investors Charles Hudson, Elizabeth Yin,  Jesse Middleton, and two new investors to the show, Ben Zises and Kate McAndrew. Watch Michele pitch his startup on YouTube (@thepitchshow) and Patreon (@ThePitch) Join our private investor community on Substack at thepitch.fund Subscribe to our public email newsletter insider.thepitch.show Register for the Season 13 Finale Watch Party at pitch.show/party *Disclaimer: No offer to invest in Barberino's is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

So what to J.D. Vance's highly controversial speech at the Paris AI Summit this week? According to That Was The Week's Keith Teare, it was “a breath of fresh air”. Others will argue it was just more MAGA putridity designed to alienate our European friends. Some tech notables, like Union Square Ventures partner Albert Wenger, take both views simultaneously, acknowledging on the one hand that Vance was correct to push back against “regulatory capture”, but on the other that Vance was “mistaking jingoism and wishful thinking for true global leadership”. Here are the 5 KEEN ON takeaways from this weekly tech round-up with Teare:* J.D. Vance's Paris AI Summit speech marked a potential turning point in US-Europe AI relations. His message prioritizing AI opportunity over safety prompted European regulators to pull back on some restrictions, with the EU dropping its AI liability directive and the UK rebranding its AI Safety Institute.* Anthropic's growth is accelerating, with projections of $34.5 billion in revenue by 2027. They're currently outperforming OpenAI in some areas, particularly coding, and are expected to release a major new AI model soon.* The Musk-OpenAI conflict has intensified, with Musk's $100 billion bid for OpenAI's non-profit arm being rejected. Meanwhile, OpenAI is planning to incorporate its Q* (Q-star) model into a new GPT-5 release that will combine reasoning, operational capabilities, and multimedia functions.* The AI industry is seeing rapid advancement in humanoid robotics, with companies like Apptronics and Figure receiving significant valuations. Figure's valuation jumped from $2 billion to $39 billion after securing a major automotive partnership.* Traditional political alignments are becoming less relevant in tech policy, with Teare arguing that economic growth and technological progress are transcending traditional left-right divisions. This is exemplified by some progressives like Reid Hoffman embracing AI optimism while traditional conservatives champion technological progress. FULL TRANSCRIPTAndrew Keen: Hello everybody. It is Saturday, February 15th, 2025, a day after Valentine's Day. It's been a day or a week dominated by a certain J.D. Vance. Yesterday, he made a very controversial speech in Munich, which apparently laid bare the collapse of the transatlantic alliance. He attacked Europe over free speech and migration. So he's not the most popular fellow in Europe. And a couple of days before that, he spoke in Paris at the AI Summit, a classic Parisian event talking about summits. Macron, of course, also spoke there. According to The Wall Street Journal, Vance's counts were good. The German, of course, being a conservative newspaper. According to The Washington Post, which is a progressive newspaper, he pushed the "America First" AI agenda. Others, like Fast Company, ask what to make of Vance's speech at the Paris AI conference. According to my friend Keith Teare, the author of That Was The Week newsletter, the speech was a breath of fresh air. I was going to call you Marx, Keith. That would have been a true Freudian error. What do you admire about Vance's speech? Why is it a breath of fresh air?Keith Teare: Well, it's in the European context that it's a breath of fresh air. I think from an American perspective, he didn't really say anything new. We already think of AI in the way he expressed it. But in Europe, the dominant discussion around AI is still focused on safety. That is to say, AI is dangerous. We have to control it. We need to regulate it. And as a result of that, most of the American developments in AI are not even launched in Europe, because in order to be made available to citizens, it has to go through various regulatory layers. And that slows everything down. So in the context, Vance stood up on the platform in front of all of the people doing that regulation and told them basically, rubbed their noses in it, saying how self-destructive their approach was for European success. His opening lines were, "I'm not here to talk about AI safety. I'm here to talk about AI opportunity." And in the days since, there's been quite a big reaction in Europe to the speech, mostly positive from normal people and adjusting policy at the regulatory level. So it's quite a profound moment. And he carried himself very well. I mean, he was articulate, thoughtful.Andrew Keen: Yeah. You say his speech marks a crucial inflection point. I wonder, though, if Vance was so self-interested as a MAGA person, why would he want even to encourage Europe to develop? I mean, why not just let it be like social media or the Internet where American companies dominate? Is there anything in America's interest that the Trump-Musk alliance would benefit from strong European AI companies?Keith Teare: Well, from strong European AI openness, yes. I don't think Vance thinks for a minute there are any European companies that will be able to compete in that open environment. And so most of his purpose is economic. He's basically saying open up so that our guys can sell stuff to you and the money will flow back to the U.S. as it has done with Amazon and Google and every other major tech innovation in recent years. So it's basically an economic speech masquerading as a policy speech.Andrew Keen: I wonder if there's an opportunity for Europe given the clear divisions now that exist between the U.S. and Europe. I wonder whether there's an opportunity for Europe to start looking more sympathetically at Chinese AI companies. Did Vance warn in his speech, did he warn Europe about turning to the Chinese, the other potential partner?Keith Teare: Yeah. There are two parts of his speech I didn't really incorporate in the editorial. The first was a subplot all around China, which he didn't name, but he called "dictatorships." We don't want dictatorships leading in AI. And then there was another subplot, which was all about free speech and openness and not censoring, which was aimed at the Europeans, of course, and the Chinese.Andrew Keen: Discussion of their free speech, or at least it's their version of free speech, isn't it?Keith Teare: I think the funny thing is in order to be consistent, they're going to have to allow all free speech. And they will, because they know that. And so, weirdly, the Republicans become the free speech party, which makes no sense historically. But it is happening. And I thought there were a lot of interesting things in that speech that symbolized a very confident America. However, the reason America is doing this is because it's weak, which is a paradox.Andrew Keen: Politically weak or militarily weak or economically weak?Keith Teare: Not militarily - it's super strong, but economically it's relatively declining against China. It's the next Europe. America is the next Europe. China is the next America. And in that context, America's brashness sounds positive to our ears and to mine as well, because it's pro-optimism, pro-progress. But actually, it's coming from a place of weakness, which you see in the tariffs and the anti-Chinese stuff.Andrew Keen: And I want to come to the Munich speech where Vance was pretty clear. Trump's always been clear that if there is an opportunity for Ukraine, Ukrainians have to work for American access to its raw materials, minerals, etc. Whether America's foreign policy now is becoming identical to that of China, helping other countries as long as they provide them with essential resources.Keith Teare: Yeah, exactly. By the way, one of our commentators, David John William Bailey on LinkedIn, is saying we need to explain this. He says he's also attempting "$1 trillion mob-style shakedown." Anyone defending this is either deluded or only reads hard-right propaganda.Andrew Keen: Well, but Keith, you've always claimed to be a progressive. You always claim to be a man of the left. You have a background in left-wing communist activism. Now you're on board with Vance. You were on board the week before with Musk. You're ambivalent about Trump. What does this say to you? What does this suggest about you personally, or is the reality of politics these days that the supposed conservatives like Vance are actually progressive in their own way and the supposed progressives in the Democratic Party are actually conservative?Keith Teare: Well, as you know, I don't like those labels anymore because I think they're trying to fit a modern narrative into an old set of boxes. I think, broadly speaking, Vance is an economic progressive. He wants the economy to grow. He wants GDP to grow.Andrew Keen: Some people say everyone's a progressive in that sense if they want GDP to grow.Keith Teare: Yeah, but not very many people can do it. So I think they really are serious that they believe innovation in tech and GDP are correlated. And I believe GDP and social good are correlated. And so if you really want to be a progressive that wants people to have a good life, you have to support economic growth. And I think Vance does. And I think that's what his narrative is about. He's basically telling Europe that they're going to get the opposite, which has been true, by the way, now for a decade. European GDP per capita is as low as $35,000 a year. American is $85,000 a year.Andrew Keen: That's an astonishing shift. And this is going to be remembered, I think, as an important week in the American-European relationship. You said that the aftermath of the Vance speech has been remarkable and telling. The EU dropped its AI liability directive. The UK rebranded its AI Safety Institute. OpenAI removed diversity commitments. So a speech is now having an impact, particularly this Paris speech when it comes to AI policy, both in Europe but also in the US as well.Keith Teare: Yeah, I wouldn't give too much credit just to the speech. I think the speech is symptomatic of a lot of zeitgeist change and everyone is getting in line with the new zeitgeist, which is tech is good, AI is good, censorship is bad.Andrew Keen: Well, I don't know if that's - I'm not sure I would call that the zeitgeist, Keith. I mean, you're talking in Palo Alto, where that's always been the zeitgeist. I think if anything, in universities and book publishing, the reverse is true.Keith Teare: Yeah. So I'm an avid MSNBC watcher. I watch Morning Joe every morning with Mika Brzezinski and Joe Scarborough. And so I'm kind of imbued with the liberal narrative compared to what's going on. And what's happened is a very rapid change from the days after the election when the liberal narrative was "we need to look at ourselves" has now become a narrative that "the judges have to save us from the administration." The administration is not democratic, even though it was elected, and we've got to rely on judges because there's no one else to rely on.Andrew Keen: That doesn't mean the zeitgeist has shifted. It just means that the people on one side have shifted their focus, but they still are not sympathetic to Trump, Vance, Musk.Keith Teare: I think there is increasing sympathy. I think you're going to be surprised. I think if an election was held today, Trump would win by more.Andrew Keen: Well, he would certainly win by more if he was running against Harris. That's another question. So it's been another remarkable week for AI content. One piece that you pick out, which I thought was interesting, is from somebody called Elizabeth Yin. Nice to have a female author - too many of our authors are male. Maybe I'm being too woke. But the AI takeover, according to Yin - no one's jobs are safe. This isn't exactly news, is it?Keith Teare: No, she's really summarizing what we've been talking about in That Was The Week for quite a while. But I thought it was a good summary. And she gives some kind of prioritization. There's a section that talks about regulated professions, human-centric jobs, creative and entrepreneurial jobs, energy and infrastructure and distribution. And she then breaks down what she thinks the main impact of AI is going to be. She kind of leaves it where you kind of want more from her because she doesn't thoroughly go through all of these. But she's a VC, she does early-stage investing. She's very good. And the one thing she says, which I don't think anyone's going to disagree with, is "fewer workers more." I was at an event this week in San Francisco where there was a panel with some VCs and entrepreneurs on exactly the same questions she's asking - where the cuts are going to come first or what sectors are going to be most dramatically affected in the short term. And people weren't entirely clear. But the one area that comes up is healthcare - that's the lowest hanging fruit at the moment.Keith Teare: Yeah, there's a funding event this week from a company that applies AI to biology, specifically cancer programming - anti-cancer cells. So you're going to see AI in everything. And it's that will lead to an acceleration of invention for sure, because the individual is still really important. By the way, there's another article about that this week. The individual now has an army of talent in AI, able to help them make progress. It just speeds everything up.Andrew Keen: Yeah. So what other AI news in the summary? There's a couple, 2 or 3 pieces on Anthropic. I use Anthropic. I like it. Their growth soars to 34.5 billion in 2027 revenue. That's of course, speculative. And they announce their next major AI model could arrive within weeks, Anthropic competitive with OpenAI.Keith Teare: Yes, and they're better than OpenAI at some things. They're already better than OpenAI at coding. If you put it in context, those three Anthropic pieces sit alongside the Google piece and the OpenAI pieces. And what it tells you is we've seen a major acceleration of product roadmaps and plans in the last couple of weeks, mainly in response to the DeepSea news, I think.Andrew Keen: Yeah, it's interesting that DeepSea was a one-week wonder, but there are no headlines at least from you on DeepSea. It seems to have stimulated change as you suggest, rather than change things in its own way. And then your Google pieces - interesting that they're rolling out a new memory feature for Gemini AI, allowing recall of past conversations, which is increasingly getting to the point where these AIs, if not human or sentient, certainly are able to remember things and have conversations.Keith Teare: Yeah, and that becomes much easier once you go from LLMs to other LLMs with agents. An agent is a piece of software that speaks to another LLM to complete a task. And so you could have in software a memory agent or a recall agent whose only job is to say, "Is this question been asked recently and what did I look at the last time?" and bring it into the context for whatever the current question is. And I think we're going to see more and more of this. I've spent most of my week building a multi-agent system for my company, Single Rank. I have a question taker agent that you ask a question of. It then farms out to a database agent or a chart drawing agent or an expert reasoning agent. They all have different jobs and they come back and give their answers to the original agent, and then it gives the answer to the user. So this collaborative agents concept is becoming very real now. And memory is one of those - I think Perplexity is the most advanced.Andrew Keen: Yeah. We were talking about Perplexity before we went live. You convinced me - I use Anthropic but you said for me it's probably wiser to use Perplexity where I still have all the access to Anthropic, but it adds a layer and some more intelligence. As I said, I was at an event this week where one of the venture people from OpenAI was there who talked about Sam Altman's projection that in the not too distant future there'll be billion-dollar individual startups. Are you suggesting, Keith, that's not that far on the horizon, given the power of AI that individuals can do all and do the entire startup without needing the help of anybody else?Keith Teare: Depends on the startup. If the startup is mainly software, that's probably true. But if it needs account management and billing and all the others...Andrew Keen: But eventually all that stuff will get - that's the easy part, isn't it? You can always get that done.Keith Teare: It's the hard bit right now, like reconciling invoices to receipts. I'm not very good at that. So I think it's coming with two things: rising agents and then agents that can use tools to follow, do actions, if you will. So it's coming and it's probably coming this year and it'll accelerate. So, yes, it will get there. I think the headline of a single founder of $1 billion company is just a headline. But it's directionally correct.Andrew Keen: It does. And it does reiterate Elizabeth Yin's point that no jobs are safe - in finance, in HR, in coding, in content. I mean, I'm using it more and more to summarize these conversations. I don't need a large editorial staff. So clearly dramatic change. And in fact, your startup of the week, Keith, the robotics startup Apptronics, is in talks for new funding at an almost $40 billion valuation - a hardware company. Does this speak of the reality of this new AI revolution? That it's not just theory, it's practice now?Keith Teare: Yeah. Well, Figure has gone from 2 billion to 39 billion in less than a year. And why? Because one of the major car companies signed an agreement with it to have these robots on production lines in its factories. And the start of the week, by the way, is Apptronics, which is a different humanoid robotics company, also raising a lot of money but slightly earlier in its journey than Figure.Andrew Keen: It's my mistake - I have to admit I thought it was Figure so that's my error. I'm going to add an Apptronics image to this content. I'm rather embarrassed.Keith Teare: You've probably already got one. That said, they both speak to the same truth, which is AI is going to manifest itself in the physical world in the form of humanoid robots sooner rather than later.Andrew Keen: And that was another of Tim Draper's - he was one of the speakers at this event I went to in San Francisco. I know he's an investor in your firm. That was his big prediction. So Apptronics is building robots for humans. Are they just a kind of earlier version of Figure in some ways?Keith Teare: An earlier version, possibly more advanced in concept because they started later when the software gets better by the week. So the later you start, the more advanced the software is that you can leverage. And so we're not going to see an end to this. There's going to be a lot more of it. I think humanoid robots are really interesting because the physical world is built for humans. You know, steps, ladders, everything.Andrew Keen: But I'm not sure that would be the case, especially when it comes to, say, self-driving cars and roads. That's going to change as well, isn't it?Keith Teare: Well, you still have roads because they still are...Andrew Keen: You still have roads. But I'm saying the roads themselves will become more and more suited to self-driving cars as opposed to human-driving ones.Yeah. You would hope the roads would become more intelligent and communicate to the cars, but that seems to be much further off.Andrew Keen: But I'm sure the Chinese will do that. Not the Americans, not even in San Francisco. Meanwhile, there is still lots of tech news. There's this open feud between Sam Altman at OpenAI and Elon Musk. Musk this week had a bid to buy OpenAI for around $100 billion. Is this just sensational, meaningless stuff? Is this froth or is it meaningful in the long run? The Musk-Altman fight?Keith Teare: Well, the specifics of this are super interesting because it's very clever of Musk. What Musk is offering to buy is not OpenAI. He's offering to buy the not-for-profit part of OpenAI. Now Altman is trying to put a value on that not-for-profit because he wants it to go away, or at least be subsumed. And he's trying to do it at a very low valuation so that the stakeholders in the not-for-profit don't get much. So Musk put a super high price on the not-for-profit to force the board of OpenAI to put a proper value on it as it transitions or to stop transitioning - one or the other. And I think if I was on the board of OpenAI now, I'd be very worried. They rejected his offer yesterday, by the way, but that will not be the end.Andrew Keen: What is Musk doing? Is it just because he hates Altman and he's annoyed that he was one of the co-founders and he's no longer involved? Because if he does indeed do what he seems to want to do, which is weaken, even undermine OpenAI - I mean, the real winners are probably Anthropic and Google then rather than Musk.Keith Teare: Well, and Grok - he has his own Grok xAI.Andrew Keen: But is xAI a real player? I mean, he can get massive valuations, but how does it compare with Anthropic or Gemini?Keith Teare: It's good. I mean, it's very good. And the next version, rumors are that it's going to be a top performer.Andrew Keen: Certainly not a top - you said it's good, but it's not...Keith Teare: It depends on what for. But it's certainly as good or better than DeepSea already.Andrew Keen: So there is a method to Musk's madness. It's not just about hating Altman and OpenAI.Keith Teare: Well, because it's Musk, there's more than one thing going on. He has economic interests in xAI, for sure. He's also really pissed off with Altman because he considers that Altman basically stole the OpenAI idea from him, which is not really true when you get into the facts. But he believes that. And not only that, but lied by making it not-for-profit and then turning it into a for-profit when he promised he wouldn't. So Musk basically feels like he's got the moral high ground and that gives him the energy to fight. Altman is clearly tired of the whole thing. He's just trying to do what he's trying to do, you know, and having a light shone on it.Andrew Keen: So it's the first time you have articulated some concern about OpenAI. You've always been quite bullish. Are you suggesting that your bullishness in the past is changing a little bit?Keith Teare: I don't think so, because I think this is a bit of a sideshow. The biggest news this week about OpenAI is the decision to abandon the Q* model - not abandon it, but incorporate it into a new GPT-5 later this year.Andrew Keen: So how would a unified next generation release work? Which would be what? Everything together?Keith Teare: It would do reasoning, operational stuff, actions, and it would do what other LLMs do, including being capable of video and image production all in one, and probably will retain its position as the best across all of those different things. So I don't see that anything bad is going to happen to OpenAI. I do think Musk can be an irritant and it could force them into corporate decisions about valuation and merging their different components that aren't to their liking. That could happen.Keen: My interview of the week, which you were kind enough to include in this week's newsletter, is with Greg Betta. Most people won't be familiar with Greg Betta. He's a tech writer, journalist based in the North Bay San Francisco, but he's also the coauthor with Reid Hoffman, who everybody knows, of a new book called "Super Agency: What Could Possibly Go Right With Our AI Future?" And from a progressive point of view, it's optimistic about AI. So I guess Hoffman is one of the few progressives, Keith, who actually is optimistic about AI. Is that fair?Keith Teare: Yeah. He really represents that part of the liberal spectrum that was in the New York Times article last week suggesting the Democrats should embrace technology and innovation. And the book is symptomatic of that. I didn't have a chance to listen to the interview - give us a flavor of what he said.Andrew Keen: It's standard - it's like listening to you. He believes that this progress will ultimately benefit. He distinguishes himself a bit too, I thought, created some light between him and Hoffman. I think he sees Hoffman as being slightly more optimistic than him. But it's about super agency - you and I have talked endlessly about agency, about humans being able to shape their lives. And of course, that's the big debate. For the critics, it's the AI that will shape us. For the optimists, AI will enable us to shape the world. It's an age-old argument, and it's not going away.Another figure on the left, if that's still a term that means anything, is Albert Wenger. He's your post of the week and he comes back to the Vance speech. He says praising this speech by Vance is mistaking jingoism and wishful thinking for true global leadership with a real vision of AI and humanity. I'm assuming you don't agree with Albert on this issue.Keith Teare: I do agree with him. I think I wanted to take a positive view of Vance's speech for his optimism in the context of Europe. It was a great speech. Albert's right that the American framing is entirely jingoistic. And AI isn't - AI is entirely global and humanistic. So there is a contradiction between a declining superpower being a champion of progress for its own nation versus what Albert would prefer, which is leadership that is truly global in nature.Andrew Keen: It's interesting that the first comment on Albert's tweet was from someone called "e/acc" who says this may be the most e/acc speech of all time. I didn't know what that meant - it meant effective accelerationism. Are you familiar with this term, Keith?Keith Teare: Yeah, this is the Marc Andreessen Peter Thiel framing against the philanthropists.Andrew Keen: So are you an effective accelerationist? Do you believe in...Keith Teare: Effective altruism versus effective acceleration? This is interesting. You say they're the same thing - I don't think anyone thinks that. But I think you might be right. But as long as you put them in the right order, I think if you get acceleration and growth and value, you're going to get a better life.Andrew Keen: Yeah, it's a play on effective altruism, but it's thinking in the same way that the world can become a better place.Keith Teare: Yeah. And the altruists wanted it to be done by good deeds as opposed to by economic progress.Andrew Keen: And even Albert acknowledges, like you, that there are aspects of the speech which in your language are a breath of fresh air. He said the only good point was the clear pushback against regulatory capture. Is it going to be effective? I mean, is it clear that the days of Lina Khan are over? Are we at the end of the period of regulatory capture, whether it's in Europe or the U.S.? As you say, one of the consequences of the speech was that the Europeans have taken a step back from regulation.Keith Teare: I would say the new Lina Khan is Elizabeth Warren. Lina Khan's gone. She's a sideshow. But Elizabeth Warren is still mainstream.Andrew Keen: Yeah, but a much, much older and perhaps less powerful figure, especially in Trump's America. I mean, Warren, she can talk a lot and get people annoyed, but she can't actually do anything. Whereas Lina Khan actually controlled regulatory capture - I mean, she was the head of the FTC.Keith Teare: Exactly. But I find Warren intensely irritating. It's amusing to me that Musk is asking how her net worth went from $200,000 to double-digit millions. And it's because she got subsidized by pharma, because she's pro-vax. And she's plugged into that.Andrew Keen: That's a controversial observation. You're saying anyone who gets supported by big Pharma is pro-vaccine? Does that mean that anyone who's anti-vax is not going to get the money? Most of us are pro-vax.Keith Teare: I'm totally pro-vax. But I'm just saying politicians like her typically get high net worth through serving stakeholders. And she is very against the credit card industry, for example. But she's not against pharma. So she's found her niche.Andrew Keen: Well, that's not a very generous interpretation, although it does suggest that when you give Elon Musk the keys to the Treasury and the IRS, then all these things are going to get revealed. And we should end with another interesting X from Albert, which I think gets to a lot of this. He said, "If you're young and capable and care about democracy, you should work for Doge." What do you make of that? I tend to think he's right.Keith Teare: I can't fully understand his meaning. In my brain, I'll interpret it the way I would, which is what I said last week.Andrew Keen: And to add to the quote, he said, "Offense is the best defense."Keith Teare: Yeah. The main threat to democracy is unelected bureaucrats blocking progress. I mean, if you think about it...Andrew Keen: Like Elizabeth Warren, in your view, at least.Keith Teare: No, I'd use the Obama example. Obama wanted to get a really good healthcare plan. And as soon as he was in office, he made speeches saying, "I won't be able to achieve what I want to achieve unless you, the people, are on the streets." Because Washington is averse to change. And it turned out that he had to make all kinds of compromises. And he ended up with what we today call Obamacare. But his experience was an experience of being blocked. And Trump basically has been through that himself. We're probably mostly thankful for that based on his first administration. He now is older, and he's not prepared...Andrew Keen: Suddenly older. I don't know about wiser.Keith Teare: He's not prepared to let the bureaucracy stand in his way. And Musk is his weapon. And there is something positive about a better, cheaper state and more democratic if the elected people can do what they said they were going to do.Andrew Keen: Yeah. And bring the expenses down. "If you're young and capable and care about democracy, you should work for Doge" - wise words from Albert Wenger. We will return to all these themes, Keith, in the future. Have a good week and we will see everybody again next week. Thanks so much.Keith Teare: Everyone. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Khaylah Epps wants to change the face of healthcare in the south. This is The Pitch for Oma Health. Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Jesse Middleton. ... Watch Khaylah pitch her healthtech startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in Oma Health is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Is your AI hallucinating? This AI can fix it. This is Chinar Movsisyan's pitch for Feedback Intelligence. Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Jesse Middleton. ... Watch Chinar pitch her AI startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in Feedback Intelligence is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gwyneth Borden has a vendetta. This is The Pitch for Remynt. Featuring investors Cyan Banister, Mac Conwell, Ben Taft and Elizabeth Yin. ... Watch Gwyneth pitch her debt recovery startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party Applications for our winter pitch event will close in one week, apply now at pitch.show/apply To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in Remynt is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Can a college advisor disrupt the system from the inside? This is Julia Dixon's pitch for ESAI. Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Jesse Middleton. ... Watch Julia pitch her edtech startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party Applications are closing soon for our winter cohort, founders raising pre-seed or seed can apply to pitch at pitch.show/apply To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in ESAI is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Award winning event planner makes the pivot to tech. This is Virginia Frischkorn's pitch for Partytrick. Featuring investors Cyan Banister, Mac Conwell, Ben Taft and Elizabeth Yin. ... Watch Virginia pitch her startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party Applications are now open for next season, founders raising pre-seed or seed can apply to pitch at pitch.show/apply To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in Partytrick is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Two of Josh's favorite hobbies—beer and startups—collide in The Pitch Room. This is Dean Eberhardt's pitch for ReCraft. Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Jesse Middleton. ... Watch Dean pitch his beer technology startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party Applications are now open for next season, founders raising pre-seed or seed can apply to pitch at pitch.show/apply To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in ReCraft is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Elizabeth Yin realized she had a problem. She wanted to be a founder, but couldn't think of a problem she wanted to spend decades of her life working on. After soul searching, she remembered the one thing she did care about: helping other founders.She took that passion and turned it into Hustle Fund, which focuses on offering capital, knowledge, and networks to “hilariously early-stage” software startups. She also angels invests in non-software D2C companies. She's invested in over 800 startups, with two of her most notable being Webflow and Mejuri. We chat with Elizabeth about why valuation matters if you have a smaller fund, why she thinks certain hot spaces like AI might not yield the types of returns investors think they will, and what happens when founders misbehave (and commit fraud and flee to Russia). Elizabeth invests $150k checks into idea-stage B2B software, digital health, and fintech companies through Hustle Fund. Highlights: When Elizabeth says she invests at an early stage, she means it. Hustle Fund invests in founders who have an idea and are pre-revenue.Elizabeth talks about the difference between small sub-$100M funds and large multi-stage funds. As a smaller fund, you need to make your checks count by deploying them into startups where they'll make a true difference. Multi-stage funds are investing early to have the option to write a bigger check in later stages. Higher exits usually mean higher entry points for investors. If you're not a multi-billion dollar fund, you probably want to focus on investments with lower entry points and in return, lower multiples. In the end, both lead to similar quantified outcomes.You don't want to invest in overcrowded spaces because your chances of realizing alpha decreases when there are more hands in the pot. Finding unpopular spaces with less competition is where Elizabeth likes to focus.(00:00) - 13: Elizabeth Yin of Hustle Fund has seen over 50,000 companies and made 800 investments – usually in just 30 minutes (01:36) - Launching LaunchBit: Getting started as a founder and helping others at the same time (09:30) - The first investment: Lessons in customer acquisition (11:48) - Valuation: Why it matters at every fund size (18:43) - Making checks count: Are you an option or an investment? (28:37) - The best investment: Lessons in learning to play the long game (30:59) - Entries and exits: Elizabeth's framework for evaluating investments (39:39) - Ignoring the crowd: Staying out of too-hot spaces like AI (49:52) - AI: What's Elizabeth doing in this space? (53:23) - Speed round

Chad Wilson wants to disrupt history class with video games. This is The Pitch for immersionED. Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Jesse Middleton. ... Watch Chad pitch his edtech startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party Applications are now open for next season, founders raising pre-seed or seed can apply to pitch at pitch.show/apply To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in immersionED is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

One million patients fall in hospitals each year, and it costs US hospitals over $35 billion. What if they could all be prevented? This is the pitch for Kinometrix. Featuring investors Cyan Banister, Mac Conwell, Ben Taft and Elizabeth Yin. ... Watch Devina Desai pitch her hospital fall prevention software on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in Kinometrix, Inc is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What happens when a Michelin-trained palate makes junk food with no junk? This is The Pitch for Christie's Chips. Featuring investors Cyan Banister, Mac Conwell, Ben Taft and Elizabeth Yin. ... Watch Christie Buck pitch her potato chip startup on YouTube @thepitchshow Register for our virtual Season Finale Watch Party on December 11th pitch.show/party To invest with us, become an LP in thepitch.fund *Disclaimer: No offer to invest in Christie's Chips is being made to or solicited from the listening audience on today's show. The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Phil Barrar sold his last company for $65 million. Now he's back in the game with FutureMoney, an investing platform that helps parents create generational wealth for their kids with the Junior Roth IRA™. Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Jesse Middleton. ... Watch the FutureMoney pitch on YouTube @thepitchshow To invest with us, become an LP in thepitch.fund *Disclaimer: The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. No offer to invest is being made to or solicited from the listening audience on today's show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A new season is here! Fourteen pitches start August 14th with one crazy season finale to tie it all together. These startups will blow your mind, and if you're an investor on the show… your wallet. BONUS: Stick around at the end of the trailer for a special behind the scenes interview with Charles Hudson, Cyan Banister, Elizabeth Yin, Mac Conwell and Jesse Middleton. Learn more about your ad choices. Visit podcastchoices.com/adchoices

As a glacier guide in Alaska, Georgia Grace Edwards had a problem: her pants. While the male guides just unzipped and did their business, she had to find a secluded place and completely undress in the freezing tundra. So Georgia Grace created the GoFly zipper technology to help everyone go on the go. Will the investors get behind this consumer product or is this business just too messy? Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Paige Finn Doherty. ... Watch the Gnara pitch on YouTube @thepitchshow To invest with us, join our investor community at thepitch.fund *Disclaimer: The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. No offer to invest is being made to or solicited from the listening audience on today's show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lending is one of the oldest markets in recorded history. But founder Luis Sánchez believes there's an opportunity that remains untapped… manufacturing companies in Mexico. Can Luis mint a Mexican unicorn? Or will the investors decide that this market is just too niche? Featuring investors Elizabeth Yin, Charles Hudson, Beck Bamberger, Pascal Unger and Mac Conwell. ... Watch the KredFeed pitch on YouTube @thepitchshow To invest with the VCs on the show, join our investor community at thepitch.fund Superfans can join The Pitch UNCUT and get early access to unedited versions of all ten pitches on season 11. ... *Disclaimer: The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. No offer to invest is being made to or solicited from the listening audience on today's show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Twin sisters Nilo and Jennifer Rahmani used to be site reliability engineers. Where they worked night and day to keep servers running at companies like Slack. But Nilo and Jen left their cushy jobs in tech to build Thoras AI, a platform that helps startups scale and optimize their cloud infrastructure using AI. Will the investors get down on site reliability, or will this “family business” scare them away? Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Paige Finn Doherty. ... Watch the Thoras AI pitch on YouTube @thepitchshow To invest with the VCs on the show, join our investor community at thepitch.fund Founders can apply to pitch at our next recording event in San Francisco this June. No intro required, just go to pitch.show/apply Superfans can join The Pitch UNCUT and get early access to unedited versions of all ten pitches on season 11. ... *Disclaimer: The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. No offer to invest is being made to or solicited from the listening audience on today's show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

We thought it would take years before AI could replace a podcast host. That is, until founder Edward Brawer slid into Josh's DMs to pitch his startup, PodcastAI. Edward thinks he can make podcast producers 10x more productive and he already signed two big name podcasters. Now can he convince the big name investors that PodcastAI will deliver 100x returns? Featuring investors Elizabeth Yin, Charles Hudson, Beck Bamberger, Pascal Unger and Mac Conwell. ... Watch the Podcast AI pitch on YouTube @thepitchshow To invest with the VCs on the show, join our investor community at thepitch.fund Founders can apply to pitch at our next recording event in San Francisco this June. No intro required, just go to pitch.show/apply Superfans can join The Pitch UNCUT and get early access to unedited versions of all ten pitches on season 11. ... *Disclaimer: The information provided on this show is not intended to be investment advice and should not be relied upon as such. The investors on today's episode are providing their opinions based on their own assessment of the business presented. Those opinions should not be considered professional investment advice. No offer to invest is being made to or solicited from the listening audience on today's show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What if your favorite online store had models that look like you: your skin tone, your height, your body shape? That question propelled Vita Mallela to start Flock AI. Their AI generated models could help brands eliminate pricey photoshoots. But with AI startups so en vogue, how will the investors know if this AI startup is the one to walk the runway with? Featuring investors Elizabeth Yin, Charles Hudson, Beck Bamberger, Pascal Unger and Mac Conwell. ... Watch the Flock AI pitch on YouTube @thepitchshow To invest with the VCs on the show, join our investor community at thepitch.fund Founders can apply to pitch at our next recording event in San Francisco this June. No intro required, just go to pitch.show/apply Superfans can join The Pitch UNCUT and get early access to unedited versions of all ten pitches on season 11. Learn more about your ad choices. Visit podcastchoices.com/adchoices

SummaryThis podcast dives into the world of venture capital (VC) with a focus on early-stage startups, particularly those in the B2B SaaS space. Elizabeth Yin, founder of Hustle Fund, shares her insights on democratizing wealth creation through startups, the power of content marketing for VCs, and the importance of investing in first-time founders with strong product-market fit. The episode explores the challenges and considerations for VCs, including investment theses, market saturation, and deal evaluation criteria. Listeners gain valuable takeaways on navigating the VC landscape and the key factors that influence startup success.TakeawaysHustle Fund aims to democratize wealth through startups by providing capital, knowledge, and networks to early-stage founders.Content marketing, particularly through platforms like Twitter, can be a powerful tool for attracting deal flow and building a brand.Lessons learned from Elizabeth Yin's startup experience include the importance of validating ideas before building, prioritizing company culture and values, and effective management.For B2B SaaS companies, it may be better to back first-time founders with lower entry point valuations, as the exit potential may not be significantly higher for serial entrepreneurs.Most B2B SaaS companies do not need a large amount of capital and can bootstrap or raise smaller rounds until they reach a revenue stage that justifies larger investments.Investment theses are important for VC firms to differentiate themselves and attract investors, as they help investors understand the fund's focus and expertise.B2B SaaS companies are favored by VCs due to their predictable revenue streams, high retention rates, and stability compared to consumer-focused businesses.The SaaS market is becoming crowded, and investors are looking for differentiated ideas and industries off the beaten path to avoid high customer acquisition costs.VCs spend less than 30 seconds reviewing a pitch deck and focus on the founding team, idea differentiation, and a deep understanding of the problem being solved.The valuation of a startup is influenced by factors such as market size, team expertise, idea differentiation, and the potential for repeatability and scalability.Chapters00:00 Trailer01:25 Introduction and Early Influences05:27 Why Starting a VC Firm08:33 Science behind Concept of Hustle Fund10:12 The Need for More Early Stage Funds12:10 Deal Flow and VC Strategies13:50 The Power of Content Marketing16:50 Why Investing in First-Time Founders / 3 Biggest Lessons I Startup24:42 Venture Capital Business Model and Funding Challenges31:35 The Gambling Nature of VC Investments33:22 The Importance of Investment Theses for VC Firms34:58 The Appeal of B2B SaaS Companies to VCs38:00 The Potential SaaS Bubble40:45 How Deep Tech Investers Makes Money42:30 VC Evaluation Criteria and Attention Span47:00 Market Size And Valuation52:30 Evolution of Investment Acumen55:35 Post-Money and Pre-Money Safes59:00 Consequences of Not Tracking Cap Table01:03:15 PrepStacks and Growth Stage Deals And Impact on Early Stage Investors01:06:05 Disagreement with Market Sizing Exercises01:08:28 Ritual Time01:09:25 ConclusionConnect with Mudassir

Monica Williams wants to revolutionize the period experience for tweens. With $5 million in sales in just two years, she's on her way. Now she wants to raise venture to scale her bootstrapped company. Will Monica get to pitch the big vision for RedDrop or will investors write her off from the start? Featuring investors Elizabeth Yin, Charles Hudson, Beck Bamberger, Pascal Unger and Mac Conwell. ... Watch the RedDrop pitch on YouTube @thepitchshow To invest with the VCs on the show, join our investor community at thepitch.fund Founders can apply to pitch at our next recording event in San Francisco this June. No intro required, just go to pitch.show/apply Superfans can join The Pitch UNCUT and get early access to unedited versions of all ten pitches on season 11. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kavitta Ghai struggled in school due to autism and ADHD until a positive experience with a college professor transformed her academic journey. Convinced this was the future, she launched a startup to make classrooms more accessible. Now, she just needs a VC to lead her $3 million seed round. Will Kavitta pass the test with the investors in The Pitch Room? Featuring investors Cyan Banister, Charles Hudson, Elizabeth Yin, Mac Conwell and Paige Finn Doherty. To invest with the VCs on The Pitch, join our investor community at thepitch.fund Learn more about your ad choices. Visit podcastchoices.com/adchoices

This Week in Startups is brought to you by… Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you're ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain. Northwest Registered Agent. When starting your business, it's important to use a service that will actually help you. Northwest Registered Agent is that service. They'll form your company fast, give you the documents you need to open a business bank account, and even provide you with mail scanning and a business address to keep your personal privacy intact. Visit http://northwestregisteredagent.com/twist to get a 60% discount on your next LLC. LinkedIn Jobs. A business is only as strong as its people, and every hire matters. Go to LinkedIn.com/TWIST to post your first job for free. Terms and conditions apply. * Today's show: David Weisburd hosts Elizabeth Yin, Zach Coelius, and Jason Calacanis to discuss trends in venture capital, including the growth of fund sizes (2:32), the resurgence of the Bay Area (33:42), the decrease in capital efficiency (51:12), the rise in unicorn companies but lack of liquidity (45:11), and top recent investments (57:27)! * Timestamps: (0:00) David Weisburd hosts Elizabeth Yin, Zach Coelius, and Jason Calacanis to dive into the state of venture funds (2:32) Venture funds are growing in size despite the slow market (10:37) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist (11:43) Exploring the performance: smaller funds vs. larger funds (28:56) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist (29:49) Hustle Fund's quantitative approach to evaluating startups (33:42) Is the Bay Area officially back? (43:51) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist (45:11) Number of unicorns has increased but liquidity has decreased (51:12) The decline in capital efficiency over the past decade (57:27) Rapid-fire segment on top recent investments * LINKS: https://www.wsj.com/articles/pro-take-why-venture-fund-sizes-rose-despite-the-slow-market-fd4c4677 https://www.cowboy.vc/news/welcome-back-to-the-unicorn-club-10-years-later * Thanks to our partners: (10:37) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist (28:56) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist (43:51) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist * Follow Elizabeth X: https://twitter.com/dunkhippo33 LinkedIn: https://www.linkedin.com/in/elizabethyin/ Check out: https://hustlefund.vc Check out: https://letsgo.hustlefund.vc/raise-millions Check out: Bruinhealth.com Check out: Goafterwork.com * Follow Zach X:  https://twitter.com/zachcoelius LinkedIn: https://www.linkedin.com/in/zachcoelius/ Check out: https://coelius.vc/ Check out: Echomark.com Check out: Findbugzero.com * Follow David X:  https://twitter.com/DWeisburd LinkedIn: https://www.linkedin.com/in/dweisburd/ Check out: https://10xcapital.com/ * Follow Jason: X: ⁠https://twitter.com/jason⁠ Instagram: ⁠https://www.instagram.com/jason⁠ LinkedIn: ⁠https://www.linkedin.com/in/jasoncalacanis Check out: Podcast.ai Check out: Zestapp.co Check out: getriver.io * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups * Subscribe to the Founder University Podcast: https://www.founder.university/podcast * Subscribe to This Week in Startups on Apple: ⁠https://rb.gy/v19fcp⁠

For our season 10 finale, we're trying something crazy. We're giving you a full pitch from start to finish with no editing whatsoever! Founder Chase Robbins presents his snack delivery business, Handle, to investors Paige Doherty, Neal Bloom, Elizabeth Yin, Mark Phillips and Charles Hudson. Will they back this college dropout who promises on-campus deliveries in 15-minutes or less? Or will they steer clear of a space that's seen billions of VC dollars go up in flames? You can also watch the Handle pitch on YouTube. To learn more about Chase's snack delivery startup and the investors featured on this episode, check out the Handle show page. Enjoying the podcast? Use this link to text a friend! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ever stood at the recycling bin wondering, “Is this cup really recyclable?'' Enter Nicole Toole, the founder of ECGO, an AI-powered app designed to tackle this confusion. With ECGO, you snap a photo of any item, and the app will tell you how to properly dispose of it. But as mind-blowingly awesome as this is, the investors wonder how much money can you really make from trash when you're selling to universities.  You can also watch the ECGO pitch on YouTube. Today's investors are Elizabeth Yin, Erica Wenger, Jillian Manus, Martin Tobias and Charles Hudson. To learn more about Nicole's recycling startup and the investors featured on this episode, check out the ECGO show page. Enjoying the podcast? Use this link to text a friend! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Venture investors have spent the last decade searching for the killer use case for VR. Today's founder, Andrew McHugh, thinks he's found it with his startup, Wist. But days before Andrew gave his pitch, Apple sent shockwaves through the industry by announcing their new headset, the Vision Pro. Will investors be skittish about the tech giant entering the space? Or is it a sign that VR's big moment has finally arrived? Today's investors are Paige Doherty, Neal Bloom, Elizabeth Yin, Mark Phillips and Charles Hudson. To learn more about Andrew's augmented reality startup and the investors featured on this episode, check out the Wist show page. You can also watch this pitch over on our YouTube channel @thepitchshow. Enjoying the podcast? Use this link to text a friend! Learn more about your ad choices. Visit podcastchoices.com/adchoices

When Madeline Fraser tried to design her engagement ring online, she was stunned to find it couldn't be done. After bringing a cash deposit to a rando in LA, Madeline got her custom ring and, with it, a new business idea. She started Gemist – a vertical SaaS product for jewelers. It's the kind of business VCs love, but that means they'll expect the business to be flawless. Will Gemist pass inspection or will slight imperfections blow the whole deal? Today's investors are Paige Doherty, Neal Bloom, Elizabeth Yin, Mark Phillips and Charles Hudson. If you would like to invest in Gemist, go to pitch.show/gemist Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this podcast episode, Brian Nichols, the founder of Angel Squad, shares his background and experiences working at companies like Lyft, Zoox, and Blackbird. He talks about his first angel investment and how he identifies the right opportunities. Brian also discusses the number of startups to invest in for a diversified portfolio and the process of deal sourcing and syndicate investing. Brian discusses his journey with Angel Squad, the decision-making process within the community, and the training and mentorship they offer. He reflects on his experience in angel investing and starting Angel Squad, mentioning the importance of creating a complete framework for investment decisions, and much more!Timestamps[00:00:21] Brian discusses his experience with Reward Tag, an internet lost and found project that was eventually acquired by an Australian luggage company.[00:03:30] Brian talks about the strategies Lyft used to compete with Uber, including incentive programs for drivers and focusing on events like Coachella.[00:08:25] Brian shares his transition from operating roles to investing, starting the Lyft alumni syndicate and his role at On Deck.[00:11:48] Brian talks about the minimum number of startups one should invest in to build a diversified portfolio and the investment size involved.[00:17:01] Brian gives advice on how to source deals and build a network as an angel investor, and how to run an angel syndicate. [00:18:27] Brian explains how deal sourcing works in the angel investing ecosystem and the importance of sharing high-quality deals with others.[00:19:21] Brian discusses the additional work involved in the syndicate piece of angel investing, including running a Kickstarter campaign for the invested company and the minimum amount required for pooling funds.[00:23:00] Brian explains how to invest alongside tier one VCs, including being brought into the deal by the tier one VC and leveraging their involvement to attract other investors.[00:33:30] Discusses the value of operator angels and emerging managers in venture-backed companies and the democratization of investing.[00:36:16] Explains how Hustle Fund and its founders, Elizabeth Yin and Eric Bahn, have built their brand through authentic and transparent content on social media. [00:37:22] Building a Brand vs. Building a Product Brian discusses the importance of building a product that people want and are willing to pay for before focusing on building a brand.Brian's LinksLinkedIn: https://www.linkedin.com/in/briannichols11/Website: https://hustlefund.vc/squad My Links Podcast: https://lifeselfmastery.com/itunes YouTube: lifeselfmastery Twitter: rohitmal

This Week in Startups is presented by: Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you're ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain. OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at openphone.com/twist Lemon.io - Hire pre-vetted remote developers, get 15% off your first 4 weeks of developer time at https://Lemon.io/twist * Today's show: Jason first reflects on the Titan submersible tragedy as he discusses the concept of ‘Toxic Wealth' (1:41). Then, he explains why Meta will remove news content from Instagram and Facebook in Canada due to Bill C-18 (14:59). Finally, Elizabeth Yin gives a presentation live from Angel Summit on her five major learning from 700+ startup investments (22:59). * Follow Elizabeth: https://twitter.com/dunkhippo33 Check Out Hustle Fund: https://www.hustlefund.vc * Time stamps: (0:00) Elizabeth's passion (1:41) Jason discusses the Titan submersible tragedy and how money can lead to recklessness and toxic wealth (13:40) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST (14:59) Meta removes news content from Instagram and Facebook in Canada (21:33) OpenPhone - Get 20% off your first six months at https://openphone.com/twist (22:59) Elizabeth Yin of Hustle Fund at Angel Summit (31:32) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist (32:51) How to invest in startups (50:17) Q&A with Angel Summit audience * Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four Apply for Funding: https://www.launch.co/apply Buy ANGEL: https://www.angelthebook.com Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow Jason: Twitter: https://twitter.com/jason Instagram: https://www.instagram.com/jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast

Co-founders Kelvin Johnson and Max Huc know first impressions are everything. That's why they created Brevity, an AI powered software to help craft a persuasive first pitch. But pitching a pitch product to a room full of pitch experts proves to be a bit of a challenge. Which brings up a question: what's more important, the pitch itself or the Q&A? Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Mac Conwell, and Neal Sáles-Griffin. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Founder Ariana Vargas wants to destigmatize talking about mental health. So she built a social app. No wait, now it's a Slack app for the workplace? This founder is willing to do whatever it takes to secure investment - maybe too willing. Will Ariana build the business she wants, or the one investors want?  Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Mac Conwell, and Neal Sáles-Griffin. If you've been enjoying our comeback season, will you share The Pitch with a friend? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jenna Sereni believes the best product recommendations come from family and friends. That's the genesis of her social shopping app, HandsDown. Her pitch starts out like normal - until the investors flip the script and start pitching back, sending HandsDown on an entirely new path.   Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Mac Conwell, and Neal Sáles-Griffin. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This tale starts with a problem Kehan Zhou found when trying to buy a hobby farm. Zillow didn't have good search options for land and LandWatch.com was even worse, so Kehan ventured off to combine computer vision technology and satellite imagery to create a new rural property search platform, Terrascope. But the investors wonder if this innovative technology is wasted on the wrong customer. Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Mac Conwell, and Neal Sáles-Griffin. Learn more about your ad choices. Visit podcastchoices.com/adchoices

There are tons of companies popping up in the scheduling space now that Calendly is valued at 6 billion dollars. Everyone wants to build the next billion dollar calendar app, including Dave Matthews, founder of Dotcal. He thinks he's created a scheduling platform that will take over the space. But will the investors place their bets in Dotcal or is the scheduling race already overbooked?  Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Phil Nadel, and Neal Sáles-Griffin. If you would like to invest in Dotcal, go to pitch.show/dotcal Learn more about your ad choices. Visit podcastchoices.com/adchoices

A few years ago, Claire Smith moved back to her family farm, where they practice sustainable farming, and created Teffola. It's granola made with an ancient Ethiopian grain called Teff, which is filled with lots of protein, fiber, iron, and calcium. The only problem is… no one's heard of it. Is it too risky to invest in a business that needs to educate consumers on a rare ancient grain and on sustainable farming practices? Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Phil Nadel, and Neal Sáles-Griffin. To try Teffola yourself, visit pitch.show/granola Learn more about your ad choices. Visit podcastchoices.com/adchoices

Clothing rental companies get a bad rap in the VC world. It seems like no matter how much money investors sink into them, they always just… fail? But today's founder thinks she found a way to make it work. Capri Wheaton is going after a demographic that always has to be red carpet ready: sorority girls.  Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Mac Conwell, and Neal Sáles-Griffin. If you're interested in investing in Dressd, visit pitch.show/dressd, and if you'd like to taste the product on next week's episode, go to pitch.show/granola Learn more about your ad choices. Visit podcastchoices.com/adchoices

AWSM Sauce founders Carl and Paul have perfected a sustainable way of making sauce. But then, they had another idea – a futuristic way of getting sauce on our plates. Will the investors see this as a two-innovations-in-one deal, or will they get lost in the sauce?  Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Phil Nadel, and Neal Sáles-Griffin. Carl and Paul were kind enough to put together a sample pack of what the investors tasted in the room. So if you'd like to try some AWSM sauce yourself, head over to pitch.show/sauce and check out The Pitch Pack. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Founder Luis Medina Rivas travels across the world to pitch his big vision on how to solve one of the most important problems of our time - energy. His pitch is close to perfect. However, the VCs worry about the location of his company and come back to him with an easy solution, but it's up to the founder to decide what's right for his company. Today's investors are Jillian Manus, Charles Hudson, Elizabeth Yin, Mac Conwell, and Neal Sáles-Griffin. If you are interested in investing in Tether, visit pitch.show/tether and if you'd like to literally taste next week's pitch alongside the investors, go to pitch.show/sauce

In this episode you will learn:Elizabeth shares the story of how she got into entrepreneurship and subsequently a VCWhat is the fund strategy of Hustle fund?According to Elizabeth, why is the speed of execution so important for the success of a startup?Having made more than 700 investments in startups, how does Elizabeth rate herself as a VC? What does it take for a VC to get into the top 1% echelon?What are some of the processes that Hustle Fund has in place to make investments and portfolio support faster and efficient?How does she manage her time as a VC?How can founders manage their risk during tough times like we are experiencing now?What does Elizabeth mean when she says that startups are a ‘multi-turn game'?Why do customer acquisition costs (CAC) almost always go up for a startup?AboutElizabeth Yin is a co-founder and General Partner at Hustle Fund, a pre-seed fund for software entrepreneurs. Previously, Elizabeth was a partner at 500 Startups where she invested in seed-stage companies and ran the Mountain View accelerator. In a prior life, Elizabeth co-founded and ran an adtech company called LaunchBit (acq 2014). Elizabeth has a BSEE from Stanford and an MBA from MIT Sloan.Elizabeth has reviewed over 20k startup pitches from around the world in the last few years and has helped numerous portfolio founders raise hundreds of millions of dollars. Her work and writing on startup fundraising have been featured in numerous publications including TechCrunch, Forbes, Huffington Post, BetaKit, and more.

Those of us in venture capital also have bosses called Limited Partners (LPs) who are the folks we raise our funds from. As a fund manager, it is important that we find investors that believe in our vision of the future and our investing thesis. Our guest today is Dave Sachse, Founder and Managing Partner of the Sachse Family Fund, which does direct investments in early-stage companies as well as being an LP in venture capital funds. In today's episode, we chat with Dave about how family offices are navigating the venture market and how they think other emerging venture funds should be deploying capital.About Dave Sachse:Dave Sachse is an investor and entrepreneur with experience as a software product manager, startup founder, business development leader, and community builder. In addition to technology investing in the private and public markets, Dave is passionate about demystifying VC as an asset class and democratizing wealth generation.A word from our sponsor:At Ripple, we manage all of our fund expenses and employee credit cards using Jeeves. The team at Jeeves helped get me and my team setup with physical and virtual credit cards in days. I was able to allow my teammates to expense items in multiple currencies allowing them to pay for anything, anywhere at anytime. We weren't asked for any personal guarantees or to pay any setup or monthly SaaS fees.Not only does Jeeves save us time, but they also give us cash back on our purchases including expenses like Google, Facebook, or AWS every month. New users can earn up to 3% cashback for their first 90 days.The best part is Jeeves puts up the cash, and you settle up once every 30 days in any currency you want, unlike some other corporate card companies that make you pre-pay every month. Jeeves also recently launched its Jeeves Growth and Working Capital initiative for startups and fast-growing companies to enable more financial freedom for companies. The best thing of all is that Jeeves is live in  24 countries including Canada, the US and many other countries around the world.Jeeves truly offers the best all-in-one expense management corporate card program for all startups especially the ones at Ripple and we at Tank Talks could not be more excited to officially partner with them. Listeners of Tank Talks can get set up with a demo of Jeeves today and take advantage of our Tank Talks special with a‍ $250 statement credit after the first $2,500 in spend or a $500 statement credit after the first $5000 in spend. Lastly, all Jeeves cardholders receive access to their Lounge Pass program and access to over 1300 airports globally.Visit tryjeeves.com/tanktalks to learn more.In this episode we discuss:02:25 Dave's journey into tech04:49 Origins of the family office from the family business07:00 How Dave got his start in VC investing07:41 Types of companies that the Sacshe Family Fund Invests in08:53 The process of determining their investment thesis10:27 What their investment committee looks like and their due diligence process11:52 Assessing emerging managers and using quantitative and qualitative methods14:22 The timescale of VC investing and working with managers16:40 Dave's view on GP commits19:59 Better metrics than IRR and MOIC to judge funds and managers23:17 LPs asking to delay capital calls25:32 Have we hit the bottom of the market and what does the near future hold28:07 Dave's approach to the current market29:23 Why you should avoid pay-to-play pitch scenarios as a manager33:11 Biggest lessons from being an investorFast Favorites:*

Episode 82 is with Elizabeth Yin, Co-Founder & General Partner at Hustle Fund! Hustle Fund makes pre-seed investments into the fastest-growing start-ups. With a team of former founders, Hustle Fund understands how amazing AND terrible startup life is and brings that authentic element to the table. Elizabeth Yin was a former partner at 500 Startups where she invested in seed stage companies and ran the Mountain View accelerator. In a prior life, Elizabeth co-founded and ran an ad-tech company called LaunchBit (acq. 2014). Since then, she has reviewed over 20,000 startup pitches from around the world in the last few years and has helped numerous portfolio founders raise hundreds of millions of dollars. She details her transition to venture capital from being a founder, what Hustle Fund stands for and looks for in founders and their companies, indicators of a good VC, dealing with investment regret, and much more! Hustle Fund https://www.hustlefund.vc/ Elizabeth Yin https://elizabethyin.com/ Timestamps 2:10 - A Day in the Life 3:55 - Elizabeth's Transition to Venture Capital 8:40 - Indicators of a Good VC 13:20 - The Best Way to Become a VC 15:30 - The Changing VC Landscape 18:27 - The VC Model - Fundamentals 21:00 - What does Hustle Fund look for? 26:10 - Dealing with Investment Regret/FOMO 27:13 - Lightning Round

Elizabeth Yin is Co-founder and General Partner of the Hustle Fund, a VC fund that invests in pre-seed software startups. During her years of investing and before that, running a company, she's discovered a few simple practices that ensure a company, and revenue team will be ultimately successful. Listen in as we dive into the big 3 things you need to focus on to be successful, with your company, and in your career!

There are verified stories of LGBTQ+ members who have been ignored and singled out by potential investors because of their gender identity.Our guest, Ben Stokes, is on a mission to help create a world that's built on radical inclusivity, where diversity of knowledge and experience is celebrated.He's the Founding Partner of Chasing Rainbows, an early-stage investment fund focused on investing in founders who come from underrepresented backgrounds - particularly those from the LGBTQ+ community. Ben previously founded and ran the virtual networking platform SocialTable, with customers on all 7 continents.Using his own experience as an LGBTQ+ founder of color, he has been an active angel investor in companies led by diverse founders and has fostered them through an exit or next investment phase.Please join me on Tuesday, May 31st at 7pm ET to meet Ben and learn how he's changing the investment landscape for our LGBTQ+ community.AMPLIFY YOUR STARTUPWhile tuning in live, be sure to share your business name, one liner and website in the comment threads during the live show - Ben and I will showcase and celebrate your work in the world !To learn more about Chasing Rainbows, please visit: https://www.chasingrainbows.vc/Please connect with Ben via social here:LinkedIn: https://www.linkedin.com/in/bpstokes/ and https://www.linkedin.com/company/chasing-rainbows-vc/Twitter: https://twitter.com/rainbows_vcVenture Capital University: https://venturecapitaluniversity.com/Elizabeth Yin, Hustle Fund How to Raise A Seed Round: https://docs.google.com/document/d/14N9R1ZNervLjIR4bi5VjfEDkOSDAFclkGMT06kHwbPI/editThank you for carving out time to improve your Founder Game - when you do better, your business will do better - cheers!Ande ♥https://andelyons.com#diverseinvestor #lgbtqfriendly 00:00 - Andelicious Announcements04:00 - Founder Circle Hug07:00 - Meet Ben Stokes10:00 - Ben's first business SocialTable 12:00 - four ingredients that make a founder successful18:00 - how one single act of kindness saved Ben's life - Stitch That On A Pillow21:00 - the best measures of success for your founder journey24:15 - why Ben created Chasing Rainbows41:00 - Chasing Rainbows' investment criteria48:00 - Startout - building a world where every LGBTQ+ entrepreneur has equal access to lead, succeed, and shape the workforce of the future: https://startout.org/45:53 - the person who added the most value to Ben's founder and funder journey56:00 - Ben's mindset advice for founders and investorsCONNECT WITH ME ONLINE: https://twitter.com/AndeLyonshttps://www.facebook.com/StartupLifew... https://www.linkedin.com/in/andelyons/ https://www.instagram.com/ande_lyons/ https://www.pinterest.com/andelyons/ https://angel.co/andelyons TikTok: @andelyonsLINKS FROM SHOW:Arlan's Academy: https://arlansacademy.com/Elizabeth Yin's How to Raise a Seed Roundhttps://docs.google.com/document/d/14N9R1ZNervLjIR4bi5VjfEDkOSDAFclkGMT06kHwbPI/editANDELICIOUS RESOURCES:JOIN STARTUP LIFE LIVE MEETUP GROUPGet an alert whenever I post a new show!https://bit.ly/StartupLifeLIVEAGORAPULSEMy favorite digital marketing dashboard is AGORAPULSE – it's the best platform to manage your social media posts and presence! Learn more here: http://www.agorapulse.com?via=ande17STARTUP DOX Do you need attorney reviewed legal documents for your startup? I'm a proud community partner of Startup Dox, a new service provided by Selvarajah Law PC which helps you draw out all the essential paperwork needed to kickstart your business in a super cost-effective way. All the legal you're looking for… only without confusion or frustration. EVERY filing and document comes with an attorney review. You will never do it alone. Visit https://www.thestartupdox.com/ and use my discount code ANDE10 to receive 10% off your order.SPONSORSHIPIf you resonate with the show's mission of amplifying diverse founder voices while serving first-time founders around the world, please reach out to me to learn more about making an impact through sponsoring the Startup Life LIVE Show! ande@andelyons.com.STREAMYARD OVERLAYS AND GRAPHIC DESIGNNicky Pasquier – CANVA EXPERThttps://www.virtuosoassistant.co.uk/Visit Nicky's CANVA Playlist: https://www.youtube.com/playlist?list=PLhUDgDHkkma3YhOf7uy8TAbt7HdkXhSjO