Lessons on Early Stage Investing and Getting Acquired

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[00:02:29] – (First question) – What they look for in new founders based on more experienced managers they’ve worked with

[00:05:07] – Difference between emerging vs legacy market

[00:09:17] – Research steps to determine if a market can get big enough to invest in

[00:12:08] – Working with other firms for doing an initial investment round

[00:15:42] – Recent trends in the supply of capital and number of founders in the VC space

[00:18:56] – Lessons they have learned studying corporate transactions

[00:24:13] – How do startups transform once they are acquired to increase their multiples so much

[00:28:10] – What they learned from deliberations that take place within the acquiring company

[00:30:39] – Most interesting deal for them to unpack

[00:32:44] – What are features of a business that is difficult for others to replicate

[00:35:52] – Any company that are intimidated to go up against

[00:37:37] – Who would they follow

[00:39:09] – Missing pieces in their skill set

[00:41:43] – Early green shoots

[00:44:40] – Lessons from Alaska Airlines acquisition and the value of scarcity

[00:47:07] – Kindest thing anyone has done for them