Danger of Optimising for Valuation | The problem with large VC funds | Startups stay a high risk business at later stages | New Definition for Unicorns - Micah Rosenbloom, Founder Collective
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Founder Collective is a New York based fund that has invested in Uber, Trade Desk, Stack Overflow and many more top startups. Fabian talks to Managing Partner Micah Rosenbloom about the risk of using money to magnify problems rather than solve them. "Too much capital at early stages quickly leads to bad habits and inefficiencies," says Micah - but why is that? Plus, find out why high valuations often hurt rather than help founders:in and what the thesis is all about. ALL ABOUT UNICORN BAKERY: https://zez.am/unicornbakery What you'll learn: Why is a lot of capital sometimes just the wrong approach for founders? Why does fixating on high valuations hurt me as a founder:in? Why are big VC funds part of the problem? What happens when my company doesn't become the perfect VC case - how do I deal with it? Micah Rosenbloom LinkedIn: https://www.linkedin.com/in/micah-rosenbloom-a0350 FirstMark: https://www.foundercollective.com/ WHATSAPP NEWSLETTER: 1-2x a week you'll get a personalized voice note or content from me that will make you a better founder, sign up now with one click: https://bit.ly/ub-whatsapp-newsletter (00:00:00) How do VCs in early stages pick their founders and startups? (00:04:54) Why not focus too much on high valuations? (00:20:32) What happens if the dream I sold to everyone, (including myself), bursts and it doesn't become a billion dollar company? (00:26:24) How would you go about restructuring a startup if the original plan is not achievable? (00:38:35) What is the risk of VC funds that are too big? (00:46:15) What is the risk of developments (VC funds that are too big, expectations that cannot be realized) to the startup ecosystem?