Sunday VC School: how investors work together + Prime Movers Lab's Ramez Naam | E1367

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 23 January 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First, Jason teaches Sunday VC School: how investors work together (01:54). In this segment you will learn.:

How collaboration varies across investing stages.
How lead investors are determined and what their responsibilities are.
The strategies you can use to win deals (Jason explains the pitch he gives to founders with options).
The warning signs to watch for when working with other investors.
Tactics founders can use for lower-friction fundraising.

Then, Molly chats with Ramez Naam from Prime Movers Lab in a This Week in Climate Startups segment (35:10). They discuss the declining costs of renewable energy, making the choice between advancing existing technologies and inventing new ones, how science fiction can make you a better investor and more.

(00:00) Jason and Molly introduce the show
(01:54) Sunday VC School - how investors work together
(06:53) How collaboration varies across investing stages
(08:43) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(09:49) Why seeing other late stage investors be passive in a deal is a warning sign
(11:20) How raising from more investors can be actually be easier than raising from a few
(15:44) Lead investor responsibilities
(20:09) Fellow - Sign up and get $1000 in credits at https://fellow.app/twist
(21:38) How VCs can win over founders
(26:44) Do VCs get offended by what order they get into a startup?
(29:16) Will investors still invest if the founder picked another VCs term sheet?
(31:33) Molly and Jason introduce the next segment
(33:25) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.io/twist
(35:10) This Week in Climate Startups - Ramez Naam
(37:55) Advancing existing technologies vs. inventing new ones
(42:19) Early stage climate investing
(46:43) The declining costs of renewable energy
(52:52) Confronting climate tech skeptics
(57:06) How writing science fiction impacts Ramez's investing

Check out Prime Movers Lab: https://www.primemoverslab.com/

FOLLOW Ramez: https://twitter.com/ramez

FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

Click on a timestamp to play from that location

0:00.0	All right, everybody. Welcome to our Sunday show. As we do, it's time for our VC Sunday school,
0:05.5	and Molly has a lot of questions for me about who's the lead investor and competitive deal flow
0:11.6	and sharp elbows when there's not enough equity on the cap table. How do VCs work together?
0:16.4	How does seed funds and angels work together? It's a very dynamic conversation. You're going to get
0:19.9	a lot out of it, whether you're on the investing side of the table or you're probably,
0:24.0	candidly, get more out of it and understanding your target to get money from if you're a fatter.
0:29.8	I think that's true. There's something for everyone at Sunday VCs school. Also today in our climate
0:35.6	segment, I talked with Ramesh Nam, who is a climate investor and a futurist. He's at Prime Moopers Lab.
0:41.1	And also, we talk about our shared love for sci-fi and how that helps us to imagine climate
0:47.2	solutions and businesses that might not exist yet. Plus, he's just so smart. He really can enjoy it.
0:52.6	Stick with us. Stick with us. It's going to be a great episode.
0:57.6	This week in startups is brought to you by ODO is a fully customizable and fully integrated suite
1:04.4	of business apps that lets you build and scale your stack as you build and scale your business.
1:09.2	Your first app is free forever and right now ODO is offering $1,000 off your first
1:14.9	implementation pack at odo.com slash twist. That's odo.com slash twist.
1:23.9	Revello. Looking to affordably scale your product development with global tech talent in
1:29.0	US time zones, higher vetted remote developers in Latin America with Revello. Get 20% off for
1:35.6	the first three months at Revello.io slash twist. And fellow.app is a game changer for all your
1:44.0	one-on-ones and team meetings. Eliminate time-wasting meetings today. Go to fellow.app slash twist
1:50.9	to get $1,000 in credits. Welcome welcome everyone. I am excited because it is the time of the week
1:58.4	when I get Jason's undivided attention to pass on his wisdom. It's Yoda time. It's Sunday
2:05.5	BC school where I take my list of 10,000 questions which just keeps getting longer and try to break
	...

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