Many entrepreneurs mistakenly believe that venture capitalists base their choices on founders, projects, and ideas. In reality, they’re more likely to make their decisions based on whether they feel that it’s an industry they should be investing in. Tune in as we discuss how investors approach companies and founders, what we’ve observed in our industry, and how to determine whether or not you should raise money for your project. We also delve into different case studies and evaluate where our own projects, like The Littles and Leveling Up Heroes, stand in the greater scheme of things. For all this, and much more, make sure you tune in today!

TIME-STAMPED SHOW NOTES:

• [00:00] An overview of some of the money that other projects have raised.
• [01:16] Why Will feels like they are finally close to raising capital for The Littles.
• [02:00] Why you need to be in the right industry to raise capital from venture capitalists.
• [03:07] How to ensure that you are delivering the best experience for your community.
• [03:34] Why finding the right venture capital partner is so important.
• [04:14] Will’s investment goals for The Littles.
• [04:24] Why you should let the market determine valuation.
• [05:31] An overview of how venture capital dynamics work.
• [06:51] Some of the reasons why you may not want to seek funding.
• [08:02] Why you should be selective when it comes to who you put on your board of directors.
• [10:38] How to be clear on why you are raising money.
• [10:54] That’s it for today! Don’t forget to rate, review, and subscribe to this podcast!

Tweetables:

“It’s the first time in my career where I feel like we are close to being able to raise capital with The Littles, because we have a proven model, we have a great community, and I've been learning a lot more about it. It seems that this industry itself is primed for investment.” — @willxlee [0:01:43]

“I've learned from a top VC not to talk about valuation. It's really about the market. The market dictates valuation.” — @willxlee [0:04:25]

“They're looking for moonshots. They want things that could have multibillion-dollar outcomes.” — @ericosiu [0:05:46]

Links Mentioned in Today’s Episode:

Moonbirds

Yuga Labs

Andreessen Horowitz

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

The Littles

Leveling Up

Leveling Up Heroes

Growth Everywhere

Single Grain