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EP
43
April 10, 2024
with
Aaron Michel

Most founders never get to reach Product Market Fit with Aaron Michael of 1984 ventures

Most founders never get to reach Product Market Fit with Aaron Michael of 1984 ventures
EP
43
0:00
0:00

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https://www.dropbox.com/scl/fi/w94ynmh20stdtvq7rflaq/Aaron-audio.mp3?rlkey=vfi2b9d5abx3wom9dbal0ktvl&dl=1

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

  1. The key to success when starting a company is learning and iterating quickly.
  2. Finding product-market fit requires speed and the ability to pivot when necessary.
  3. VCs provide support to founders through advice, founder therapy, and assistance with hiring and fundraising.
  4. Investing in unsexy industries can offer unique opportunities for growth and success.
  5. 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

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