Why Founders Should Also Be Investors with Jyri Engeström from Yes VC

TL;DR

Startup founders who invest in other startups tend to perform better and have higher chances of success.

Transcript

welcome back to understanding me see I'm your host rahuli today we'll explore why all startup Founders should also be startup investors joining me is Yuri English strong co-founder and partner at esvc an early stage Venture Capital form based in San Francisco Yuri is an early stage investor who has back many successful companies including Unity to ... Read More

Key Insights

• 🎭 Startup founders who invest in other startups tend to perform better.
• 👻 Being an investor allows founders to maximize their network and increase their chances of success.
• 🏛️ Start investing early, even with small amounts, to gain experience and build a portfolio over time.
• 🥶 Founders should consider partnering with a friend or co-founder to enhance their investment opportunities.
• 🔬 It's essential for founders to continuously invest and manage their investments strategically.

Questions & Answers

Q: Why should startup founders consider becoming startup investors?

Startup founders who invest in other startups tend to perform better and have higher chances of success due to the expanded network and access to valuable information and talent.

Q: How can startup founders manage being both founders and investors?

By focusing on communication, fundraising, and hiring the best people, founders can effectively manage both roles. They should also consider investing in successful companies within their network to maximize their returns.

Q: What are some common mistakes startup founders make when it comes to investing?

Waiting too long to start investing, not working with a friend or partner, putting too much capital into their first deals, and failing to invest more into successful companies are common mistakes founders make.

Q: How does investing in startups benefit startup founders in running their own companies?

Investing in startups allows founders to build a broader network, gain access to valuable investor insights, and stay up-to-date with best practices and strategies. It can also help with fundraising and recruiting top talent.

Summary & Key Takeaways

• Startup founders who are also startup investors tend to perform better, as they have a broader network and access to valuable information.

• Being an investor allows founders to maximize their surface area, increase their network, and potentially hire top talent from other successful companies.

• Investing early and making small bets can yield high returns over time, and even founders with limited funds can strike deals for equity or advisory roles.