- Startups - Thomas Korte of AngelPad -TWiST #307
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Thomas Korte of AngelPad sits down with Jason on today's episode. The discussion covers, similarities/differences in the European Startup scene, immigration and how it changes startups, and the state of Silicon Valley today and in the future.
0:30 Today on the program Thomas Korte of AngelPad
2:40 Thanks to New Relic for sponsoring the program. Use code TWiST to get a free month of New Relic Pro
5:00 How many startups are at AngelPad currently?
5:15 How does it work, how do you decide who to host?
5:50 Is it more than just office space? Do you provide mentorship?
7:00 What is the difference between a venture backed business and a non-venture backed business?
8:15 Why do venture backed businesses scale first and grow revenue later?
9:15 Is it wrong to hate on companies who don't initially focus on revenue?
10:45 Is it true investors want to see revenue earlier in Europe?
13:30 What was it like back then with Marissa Mayer?
15:00 Do you think it has become easier today for entrepreneurs?
15:45 What is the amount of time it takes to test a business?
16:50 How do you get a founder to quit their job and start their own business full time?
17:45 Do you have founders outside of the valley? Specifically Europe?
18:15 Do these people work harder? Do they appreciate opportunity more?
19:30 Coming from Europe do you have to have a product to get funding?
20:00 How big is the immigration problem for the US and Silicon Valley specifically?
21:10 So is America driving the most intelligent people out of our country?
22:00 Why are we blocking qualified people from coming in?
24:15 Should there be a way to gain entry if you raise an angel round of X-Amount or higher?
26:00 Thanks to MailChimp!
28:45 How do you find a non-technical cofounder?
30:00 What about people who are just great at UI? Is that as valuable as being a developer?
32:30 What about convertible debt?
34:30 What about uncapped notes?
35:15 Explain what an uncapped note it exactly?
39:40 Is there a bubble now? What is the state right now, is it out of control?
42:15 How does a founder know when they've hit a roadblock they can't get through?
48:00 Are investors a leading indicator or a trailing indicator of when a market is dying?
54:30 You have purposely kept AngelPad to a boutique level, why?
57:45 Is there a danger that there are too many companies coming out of YCombinator?
61:45 What is the number one red flag when going through applicants?
63:30 What are you a sucker for? What really gets you excited about applicants?
64:45 Thanks to Thomas Korte and AngelPad. Go to angelpad.org
65:40 Thanks to Mailchimp and NewRelic. We'll see you next time.
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