Episode 1512

Ask an Angel with Zach Coelius: practical advice for founders and investors in a downturn | E1512

Jul 20, 20221:40:11Watch on YouTube

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0:00 Jason intro’s today’s Ask an Angel episode with Zach Coelius

1:32 Ask an Angel with Zach Coelius

4:40 Zach’s thoughts on remote work

13:19 Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

14:37 Managing a company post-COVID

17:00 Who shines in the remote work era?

20:51 Notion - Get $250 off by using code TWIST at https://notion.so

22:10 The downturn: will people cancel or review their SaaS bills?

26:09 How many of Zach’s founders have prepped for the downturn?

30:50 Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist

32:02 Don’t try to invest in pre-product market fit companies when you’re first starting out (unless you know the founder’s awesome)

41:22 Q&A: How do you think about competition in the same market in the early stages?

46:43 What are the top buzzwords you’re staying away from as investors right now?

59:00 Would you invest in SF?

1:04:00 How much dilution after seed rounds turns into a red flag?

1:06:14 Should the equity grant occur during financings or the board meeting?

1:09:15 What does Zach focus on in terms of diligence?

1:19:30 As a founder, when should you provide pro rata to angels and when not?

1:25:10 Have you ever advised a founder to leave the CEO role?

1:32:29 How long do you think the down market is going to be and what’s your strategy?

FOLLOW Zach Coelius: https://twitter.com/zachcoelius

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

Thanks to our partners:

Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

Notion - Get $250 off by using code TWIST at https://notion.so

Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist

Listen here:

Apple: https://podcasts.apple.com/us/podcast/this-week-in-startups-audio/id315114957

Spotify: https://open.spotify.com/show/6ULQ0ewYf5zmsDgBchlkr9

Overcast: https://overcast.fm/itunes315114957/this-week-in-startups-audio