This Week in Startups How VCs think about deploying reserves & follow-on funding + Quaise CEO Carlos Araque | E1546
16 snips
Aug 28, 2022 Carlos Araque, Co-founder and CEO of Quaise Energy, is pioneering geothermal drilling technology to tap into deep energy resources. He shares insights about the massive potential of geothermal energy as a sustainable alternative to fossil fuels. The conversation also touches on his company’s recent $50 million Series A funding, the innovative millimeter wave drilling technique, and the challenges of transitioning from fossil fuels. Araque's vision highlights how climate technology can reshape the energy landscape amidst global environmental concerns.
AI Snips
Chapters
Books
Transcript
Episode notes
Missed Opportunities
- Jason Calacanis regrets not putting more money into Robinhood and Uber, missing substantial gains.
- He emphasizes the importance of follow-on investments in breakout companies.
Reserve Management Nuances
- Doubling down on promising bets is recommended, but tripling down can be less effective.
- Recycling early exits is crucial, as it provides more capital for future investments.
Importance of Process
- High performers thrive within well-defined systems and processes, as demonstrated by the Golden State Warriors.
- Kevin Durant's success with the Warriors highlights the importance of a strong team and system.
