NEA's Ben Narasin shares strategy on 80 co's (50% Series A conversions & 3 unicorns) | Angel S1 E6

TL;DR

Successful seed investing requires a strategic approach, the ability to recognize exceptional founders, and a focus on proven businesses with the potential for significant growth.

Transcript

angel is brought to you by audible with an unmatched selection of audiobooks original audio shows news comedy and more get a free audiobook with a 30-day trial at audible.com slash angel book hey everybody welcome to angel the podcast I'm Jason Calacanis an angel investor in 150 companies six of which have become unicorns and I love investing in co... Read More

Key Insights

• 🌱 Seed investors should aim to find companies with the potential to become major players in their industry.
• 👨‍🔬 A strategic approach and diligent research are crucial for successful seed investing.
• 🤩 Investing in exceptional founders who demonstrate resilience and tenacity is key to achieving significant returns.
• 👨‍💼 Reaching Series A funding is an important milestone for startups, as it provides the necessary capital to build a scalable business.

Questions & Answers

Q: How many companies has the investor in the podcast invested in, and what is his track record?

The investor has invested in around 80 companies, with three of them becoming unicorns. He has achieved significant success in both seed and Series A investments.

Q: What is the unique view of the guest on startup failures and the number of successes?

The guest believes that instead of accepting the statistic that 7 out of 10 startups fail, investors should aim to beat that average by investing in exceptional companies with the potential for significant growth.

Q: What is the key to successful seed investing according to the guest?

According to the guest, successful seed investing requires a focus on finding exceptional founders, investing in proven businesses, and having a strategic approach.

Q: What is the significance of reaching Series A funding for startups?

Reaching Series A funding is considered a significant milestone for startups as it signals that the company has proven its thesis and can now raise enough capital to build a business.

Summary & Key Takeaways

• Seed investing in Silicon Valley offers an opportunity to tap into a high-growth startup ecosystem with a track record of successful companies.

• The key to seed investing success is to focus on finding companies with the potential to become major players in their industry.

• A methodical approach to investing, backed by diligent research and a strong thesis, can increase the chances of finding unicorns in a sea of startups.