The Sachin and Adam Show The Power and Perils of Narrative in VC Decision Making with Jessy Wu
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Mar 8, 2023 Jessy Wu, a standout brand in Australia, explores the power of controversy and branding as a superpower. They dive deep into the Australian venture capital market and Afterwork's story and comparative advantage. Other topics include the power of language, optimizing for multiples in investment, ownership strategies, and the role of fundraising.
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Back Specialized Funds For Better Alpha
- Favor specialized, stage-focused funds that capture neglected opportunities.
- Examples: invest in B2B SaaS specialists or pre-seed funds that connect founders to U.S. networks.
Big Funds Create Market Ambition
- Large VC funds act as market-makers for big ambition and signal opportunity to builders.
- Their presence helps retain and inspire talent to pursue audacious startups domestically.
Afterwork Started As A Community Club
- Afterwork began as a community-powered fund of ~25 contributors who advised founders.
- They now run a $20M fund and use community signals to build conviction over time.