20VC: Turning Peter Thiel's $100K into $10M Angel Portfolio | The One Man Accelerator at The Four Seasons | Why VCs Can Be Sharks and What Founders Need to Know | Why Stocks and Cash are BS and You Should Invest in Land with Josh Browder
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If you're not motivated by the fear of losing, I think you're asleep at the wheel. At the very beginning, there's three reasons why pre-seed companies fail. They run out of money, they run out of hope and co-founder disputes. There are three types of people. Those who make it happen, those who watch it happen, and those who wonder what happened.
Pitching VCs is like a game of poker. You should never reveal too much information about what you're seeking. I put all my Teal fellowship money and I invested it in um Adam Guild and other amazing entrepreneurs. I think when it's all said and done, it'll be in the eighth, eighth thickest.
If you back someone who's above average IQ, very smart, and never give up, of course they'll succeed. The VCs will say anything to get you to sign right there and then. Anything. For every anthropic employee who's making 20 to 100 million, there's 7,000 block employees being laid off. It's not sustainable.
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