- Duration: 7 min
- Platform: zoom
- Source: Read.ai 01KHC1J9139RNATPBHGT57RPKM (https://app.read.ai/analytics/meetings/01KHC1J9139RNATPBHGT57RPKM)
Transcript
[michael]: I love Faraz. He’s great. Yeah. So, and I just sent him a couple of things, uh, but they’re in process. I don’t know. I’ll think about that, but I hear what he’s saying. Let me think about that. Yeah. I guess it’s maybe, maybe like making it one layer of abstraction higher that maybe is more kind of palatable to, to post about, um, is just like other investors who you’ve had dealings with, who you admire the way that they sort of operate their funds and evaluate founders and things you maybe taken from them or share with them, anything like that. Yeah. [Jeffrey Evans]: Okay. All right. I’ll think about that. [michael]: Okay, cool. Um, let’s see. Um, okay. So this was just through like a 2026 lens. Like if you were meeting with a founder who you were trying to say, here’s how to raise money for me, basically like, here’s like, Here’s what I would want to see. What are sort of the five like unique or like tactical even pieces of advice that you would give founders for raising successfully in 2026? I think I have something on this. [Jeffrey Evans]: Let me just look at something real quick. [Jeffrey Evans]: Do we want seed stage or earlier or later? [michael]: Early stage for sure. I’ll appeal to more founders. [Jeffrey Evans]: All right. So, I mean, it’s not exactly written this way, but I guess To me, the big things, one, is there a big problem? Is there a pain point that’s going to bring people joy when you solve it? And the joy can be professional, the joy can be consumer. Is there a big problem? Because a lot of times it’s like, oh, that’s a cool solution to a problem that’s not that big a deal. But that’s really important because it can be a huge market, but people may not be willing to act because it’s not really their pain points that they’re focused on. [michael]: Right. The painfulness of the problem. Yeah. [Jeffrey Evans]: You know, this is an issue. You’re going to save me too. Have you created a clear solution for the problem? [michael]: Yeah. Which it’s not always properly put together. [Jeffrey Evans]: Let’s let’s move away from if it’s early stage and move away from early proof. I mean, early proof is important, but we’re talking seed stage, there’s probably not much proof yet. [Jeffrey Evans]: But if there’s even anecdotal proof points, that’s important. It’s just like five things, right? So big problem, clear solution. Do you have some proof point of it, right? Then if this works, is it a large enough market to be venture scalable, which is important. And then the most important point, is why you and why your team. [michael]: Right. And this ties back into the right to win. [Jeffrey Evans]: The right to win stuff. Yeah. But like if I had a deck that showed those five things, like you don’t need a 60 page deck. You can have it. You can have all that stuff in a data room. Your deck should be, here’s the problem. Here’s the solution I’ve created. Here’s the proof that it works. If when we implement this, the market is venture scalable. It’s large. And and we are the right people to do it because of blank. And by the way, it could be, I actually think that’s the way you present it, but some people like the why you earlier, but I don’t, you know. [michael]: I’m curious why we could even make that a separate place. Why do you prefer it that way? [Jeffrey Evans]: Actually, why the way that I prefer it? [UNKNOWN_SPEAKER]: Yeah. [michael]: Because I think if you don’t have the problem, the solution and that it’s market, it doesn’t matter who it is. Cause those things actually, for me, I wouldn’t be investing based on those things. Well, it’s, it’s interesting to hear you say that who it is, is the most important thing, but you also like, I mean, which it is, it’s like who you’re betting on. Right. But you also like need these other things to be true for that to even matter. But then once, once you, those other things are true, it becomes the most important thing. [Jeffrey Evans]: Yeah. [michael]: That’s interesting. Um, okay. We can pull on that a little bit. Um, And then I think this is sort of just off of the LP update. Like, are there companies that you think both you guys and the founders of the company would be comfortable sort of spotlighting with a case study? [Jeffrey Evans]: Yeah, I think all those things in there are probably that case. But we should pick them one by one and say these like you should say, hey, these because I sent you all three updates, right? [michael]: Yeah. Yeah. [Jeffrey Evans]: So so there’s 20 I think there are 22 23 companies profiled in there. [michael]: We wrote full page profiles on the company. [Jeffrey Evans]: And obviously detailed metrics of what’s going on in the company right now. [michael]: But those companies are all worth profiling. [Jeffrey Evans]: But as opposed spending a lot of time writing the profiles in each of those companies, I would have to tell Austin to look and go, that I’d want to do with quick profiles on and then I’ll hit the founders and go hey I want to do a LinkedIn post on what’s going on with the business and how great it is and how much we love you you cool with that and then if they’re cool with that I think they all will be then we can write something that is you know super complimentary but not giving away anything that’s internal yeah yeah but then I’ll go back to them it goes what we’re gonna do it’s what I’m on a post make sure you approve it I just think I need to do that with these guys Cool. [michael]: Okay. Uh, that’s what we had for, for today. I think we are, have a ton of material from the updates, so we’ll have a lot of new posts coming through and we obviously already have the schedule out, uh, for a bit too. So I think all’s all’s kind of good on our front. [Jeffrey Evans]: Cool. Sweet. Thanks, man. Of course. I’ll talk to you, dude. [michael]: Have a good weekend.