Show Notes
About Today's Podcast
Join us as we dive into the world of product market fit with Aaron Michael of 1984 Ventures. In this episode, we discuss the importance of finding product market fit for startups and the role venture capital plays in the process. Tune in for valuable insights and advice from a investor!
Takeaways
- The key to success when starting a company is learning and iterating quickly.
- Finding product-market fit requires speed and the ability to pivot when necessary.
- VCs provide support to founders through advice, founder therapy, and assistance with hiring and fundraising.
- Investing in unsexy industries can offer unique opportunities for growth and success.
- Competition can be both beneficial and challenging, and the first mover advantage varies depending on the market dynamics.
Chapters
00:00 Trailer
01:30 Who is Aaron Michael
04:00 How you find product market fit (Espacially for early stage)
15:00 Venture capilalist Raising money criteria and Vc gives support to founder
19:33 1984 Ventures' Investment Thesis
25:00 The Pitfalls of Hype and investing in Unsexy Industries
33:23 The Value of Competition and the First Mover Advantage
38:18 How Vc's Calculating Total Addressable Market (TAM)
43:44 Evolution of Pitch Decks
46:30 Evaluation Method and Favorite Slides
49:30 Importance of the Team
54:30 Pitch Deck and Cap Table Red Flags
58:30 Disagreement with Venture Capital Industry
01:04:02 Three Things for First-Time Founders
01:06:32 Bridge Rounds, Down Rounds, and Valuations
01:09:17 Transparent and Honest Feedback
01:11:37 Being Contrarian as a VC
01:13:50 Ritual
01:15:35 Ending
🔗 Connect With Mudassir