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In this episode, Erasmus Elsner is talking to Henry Shi, co-founder of super.com an all-in-one savings super app for everyday Americans. Having recently raised a $85m Series C led by Inovia Capital, the company is trusted by over 5 million customers worldwide and has helped them save over $150M to date. Super.com is backed by Tier 1 investors including NBA superstar Steph Curry and has raised over $150M USD and surpassed $1B in sales. 00:00 Intro 01:37 From Chatbot to Super App 03:02 V1 of the product 04:55 Product Today 06:39 Going from appless app to super app 09:34 Going from travel-only to Walmart 12:47 Going from Seed to Series C 14:56 Fundraising in 2016 16:15 Surviving the pandemic 17:45 The Las Vegas offsite 19:34 Perfecting Distribution 21:29 Founder transition 25:04 Vision for Super.com
In this episode, Erasmus Elsner is talking to Kshitij Grover, co-Founder and CTO of Orb (www.withorb.com), a billing platform provider that solves usage-based billing needs. The SF based startup has to date raised a total of c. $19.1 million across its Series A ($14 million led by Menlo) and seed ($5.1 million led by Greylock).
In this episode, Erasmus Elsner is talking to Dan Ahrens, founding partner at Left Lane Capital, a New York based venture capital and early growth equity firm that invests in high-growth internet and consumer technology businesses.
00:00 Intro
02:43 Consumer vs. enterprise tech
05:09 Getting into venture
07:54 Raising Left Lane I
10:35 Investing while fundraising
13:09 The Left Lane Capital playbook
17:09 Due diligence in a hot market
18:52 Scaling Left Lane Capital
21:36 Deployment pace
23:28 Focus area
26:04 Hard conversations
28:10 Arc
32:53 Exo Freight
35:28 Supply Chain Tech
37:04 Call to action
In this episode, Erasmus Elsner is talking to Divyang Arora, founder and CEO of Byte Kitchen about cooking up the future of digital food halls with Byte Kitchen founder Divyang Arora.
0:00 Intro
1:24 2 minute elevator pitch
4:27 Going all in
8:07 Business Model
14:52 The Byte Kitchen playbook
18:52 Optimal Partner Restaurant Profile
25:39 End customer benefits
27:25 Raising the Seed Round
30:14 Early traction
31:54 Byte Kitchen's Use of Tech
34:50 Call to Action
In this episode, Erasmus Elsner is talking to Michael Crandell, CEO Bitwarden about scaling open-source password manager Bitwarden.
00:00 Intro
00:50 What is Bitwarden
03:22 From side hustle to venture-backed
06:36 Joining a Bootstrapper at Series A
09:58 Open-source GTM
13:25 Open-source defensibility
15:35 Community vs. enterprise edition
17:37 Revenue traction
19:51 Competition
22:25 Fundraising journey
25:46 Use of funds
28:25 Go-to-market strategy
31:40 Building a remote-first company
35:11 Arbitrating talent
36:00 Next steps for Bitwarden
38:28 Not the first time at the rodeo
In this episode, Erasmus Elsner is talking to Kyle Harrison, general partner at Country about everything from the economics of whale hunting, the venture product offering to his recent joining of Contrary.
00:00 Intro
01:11 Way into venture
04:58 Time of reflection
07:24 The under-innovated venture model
10:46 Your fund size is your strategy
16:16 The nature of the general partnership
20:38 Rethinking the org chart
25:13 VC product vs. VC service
28:31 VC product industry practice
31:13 From monolithic brands to solo capitalist
37:18 The future of venture tribes
39:52 Joining Contrary
In this episode, Erasmus Elsner is talking to Doug Ludlow, co-founder and CEO of MainStreet, which helps startups and small businesses uncover tax credits.
00:00 Intro
01:05 Hipster
05:09 Happy Home Company
07:10 Starting MainStreet
11:22 The nature of Tax credits
16:03 The Path Act
17:52 The MainStreet Product
19:14 Customer success stories
20:41 Customer profile
22:40 Audit protection / guarantee
24:13 Moats
25:37 Whitespace vs. Switching
26:30 MainStreet traction
27:47 Fundraising
28:17 Pre-empted Series A
30:22 MainStreet layoffs
32:42 Unit economics
33:42 Unit economics
34:50 Vision for MainStreet
37:42 Fast five
39:01 Call to action
In this episode, Erasmus Elsner is talking to Kelsey Bishop founder and CEO of Candor, which is a nexgen, authentic social network.
00:00 Intro
01:02 What is Candor
03:25 Single player mode
03:56 Kelsey’s background
06:19 Employee-culture fit
08:31 Getting started
10:31 Migrating from bubble
11:38 Raising the Seed
12:42 Getting pre-empted
13:50 Raising from angels
15:23 Solo founder journey
16:58 Product + traction
21:47 Business model
23:03 Talking to users
24:51 Remote first company
26:25 Becoming a CEO
27:03 Call to action
In this episode, Erasmus Elsner is talking to Abhishek Nayak the co-founder and CEO of Appsmith, which is an open-source, low code internal tool builder. 00:00 Intro
03:15 Entrepreneur in Residence at Accel
05:52 Third time at the Rodeo
09:55 Validating a startup idea at his wedding
11:38 Built for Internal facing apps
13:48 The Appsmith Customer Persona
15:06 From Dataset to app
15:42 What Appsmith is replacing
17:07 The Appsmith killer feature
18:29 Getting to the first 100 users
21:40 Customer love + product iteration
23:07 Competition
25:24 Open source vs. closed source
27:53 Open source applications vs. infrastructure
31:07 Open core model
34:12 Traction and metrics
36:43 Metrics tracked over time
37:43 Fundraising for 3rd time
39:27 Fundraising journey
43:50 Remote company discounts
45:27 Call to action
In this episode, Erasmus Elsner is talking to Chon Tang, the founding GP of the Skydeck Fund. Chon is an experienced Silicon Valley engineer, entrepreneur and investor. He was formerly founding partner and Managing Director of Junzi Capital Engineering, a leading quantitative hedge fund investing in the commodity space. He has been actively investing in Silicon Valley startups for 12 years, and has personal investments in over 25 deals with multiple IPOs and exits.
00:00 Intro
03:40 Starting a tech company in 2000
09:27 Founder-investor transition
17:51 The art of talent arbitrage
22:09 Raising Fund II
27:00 Portfolio construction
30:40 Skydeck Fund entry point
32:50 Success stories
37:00 Skydeck Accelerator Program + Challenges
41:00 The accidental VC
45:00 Next Skydeck batch