Afleveringen
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In this conversation, Daniel Faloppa (Equidam Founder & CEO) and Robin Wauters (Founder & Former CEO of Tech.EU) discuss the evolution of the European tech ecosystem, focusing on Wauters' journey with Tech.EU and the broader state of European tech.
They look at investment trends, productivity issues, and the importance of innovation. Wauters emphasizes the need for a shift in mindset among European founders and the necessity of creating scale-ups to drive growth and competitiveness in the global market.
They also cover the challenges and opportunities facing European startups in terms of talent retention, government support, and the potential of deep tech. They explore the importance of harnessing research expertise, the evolving landscape of AI, and the shifting dynamics of SaaS investment.
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This episode explores the rapid rise of AI investment, the differences between AI infrastructure and startups, the implications of general intelligence on business models, the impact of AI on work and creativity, and the competitive landscape between incumbents and startups in the AI space.
In this conversation, Daniel Faloppa and Dan Gray look at the evolving landscape of technology investments, particularly the tension between hardware and software, the implications of AI on capital and innovation, and the future of productivity and work.
They also consider the risks of overinvestment in AI, the importance of understanding market dynamics, and the potential for hardware to provide sustainable competitive advantages.
The dialogue emphasizes the need for a recalibration of investment strategies and the role of innovation in driving value in the economy.
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Zijn er afleveringen die ontbreken?
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In this episode, we dive into the complexities of equity stock compensation for startup employees, with Špela Prijon and Tamas Varkonyi — the Co-Founders of EquityPeople.We run through a range of topics related to ESOPs and cap table management, including the importance of aligning equity incentives with company goals, the challenges of determining fair equity distribution, and the common pitfalls that founders encounter. We also cover some current trends in equity compensation across different regions, underscoring the necessity for founders to be informed and proactive in their approach to equity management.00:55 The Evolution of Equity Compensation02:33 The Role of Equity in Startups05:13 Challenges in Implementing Equity Strategies07:57 Investor Influence on Equity Distribution10:49 Taxation Issues with Equity Compensation13:36 Setting Standards for Equity Practices16:25 Determining Fair Equity Distribution18:55 The Future of Equity Compensation34:17 Pricing Equity and Risk Management35:56 The Evolution of Equity Perspectives37:45 Understanding Pool Sizes and Equity Allocation39:53 Navigating Equity Topping Up Strategies42:57 Benchmarking Equity: Best Practices and Pitfalls45:15 The Role of Benchmarking in Equity Planning47:45 Marketing Equity Schemes Effectively50:29 The Importance of Transparency in Equity Disclosure52:51 Common Mistakes in Equity Management54:13 The Need for Structured Grant Systems01:00:58 Trends in Equity Compensation and Market Dynamics
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In this conversation, Daniel and Dan discuss the current state of the early-stage financing ecosystem, focusing on SAFEs (Simple Agreements for Future Equity) and convertible notes. They explore the evolution of SAFEs and how they have become the dominant form of early-stage fundraising. They also discuss the differences between SAFEs and convertible notes, the challenges of setting caps and discounts, and the potential problems with stacking multiple SAFEs. The conversation highlights the need for standardization and consensus in the industry. In this conversation, Daniel and Dan discuss the biases and complexities surrounding convertible notes and the need for a more thoughtful approach. They explore the different usages of convertibles, including bridging the gap between funding rounds, and the challenges of setting caps and discounts. They propose a first principles approach to determine the discount, tying it to the required ROI for venture capital. They also discuss the determination of the cap based on the optimistic valuation of the company. Overall, they advocate for a shift towards simpler and more transparent instruments that align with the needs of both founders and investors.
SAFEs have become the dominant form of early-stage fundraising, with most seed rounds and pre-seed rounds using SAFEs. The use of SAFEs has evolved over time, with companies now raising multiple SAFEs at different caps. There is a lack of consensus on how to set caps and discounts for SAFEs, leading to confusion and potential issues. The terms of SAFEs can be complex and may not align with the original intention of simplifying early-stage fundraising. There is a need for standardization and clear guidelines in the industry to ensure fairness and transparency. There is a bias towards actual news and data in the startup ecosystem, which can lead to misconceptions and surprises when it comes to average conversion times and expectations for convertible notes. Convertible notes can be used to bridge the gap between funding rounds, providing a short-term solution for startups in need of additional capital before a Series A round. Setting caps and discounts for convertibles can be challenging, especially in cases of high uncertainty or deep tech startups. A first principles approach, tying the discount to the required ROI for venture capital, can provide a more transparent and fair solution. Determining the cap for a convertible can be based on the optimistic valuation of the company, rooted in the reality of the business but accounting for future growth. Simpler and more transparent instruments, such as convertibles with discounts and caps based on first principles, can benefit both founders and investors by aligning incentives and reducing negotiation complexity.The referenced interview with Kate Shillo Beardsley of Hannah Grey VC: https://www.youtube.com/watch?v=AmTXBbC0glc
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In Episode 9 of the Equidam podcast, Daniel is joined by Peach Zwyssig, CEO and Co-Founder of Axelra, a venture builder based in Switzerland.
They talk about how a venture builder can help founders overcome some of the hurdles in setting up a new startup, fundraising challenges and business growth.
The Equidam podcast is hosted by Daniel Faloppa (Equidam's CEO) , and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies.
Find out more: www.equidam.com
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In this episode we talk about valuation methodology, accounting for different aspects of risk and reward, as well as the mostly unaccommodated factor of externalities.
Thank you for joining us!The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies.
Find out more on equidam.com.
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In this episode we cover a number of topics, including -
Changes in average and top quartile valuations, globallyNumbers available here: https://www.equidam.com/parameters-update-p5-7-average-and-maximum-valuations/
The unique considerations of valuation for the purpose of pricing employee stock options
Why Y Combinator graduates can justify seeking above market rates
And whether AI has any application to the valuation conundrum
As always, thank you for joining us!
The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies.
Find out more on equidam.com.
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Welcome back to the Equidam podcast!
Today we speak to Will Bricker, data nerd and venture capitalist based out of New York working for Hustle Fund, a pre-seed venture firm. We discussed Hustle Fund's philosophy and Will's role there, as well as valuation at the earliest stages and in the frothiest markets, the startup revenue premium, the ROI of venture dollars, and much more.
Thanks for joining us.
The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies.
Find out more on equidam.com.
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In this episode of the Equidam podcast we talk about the collapse of silicon valley bank, the reponse from the startup world, and the resolution on Monday morning.
What other options were available to startups? Given what we knew about Silicon Valley Bank, why was this such a surprise? How much did caps-lock bashing VCs help?Thanks for joining us.
The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies.
Find out more on equidam.com.
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In this special episode we discuss the 5.6 Parameters Update for the Equidam platform, looking at a range of market data impacting startup valuations, including industry multiples, average and maximum valuations around the world, and some of the drivers of discount rates used in our methodologies.
Thanks for joining us.
The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies. If you're a founder or an investor in that bracket, these conversations should be useful.Find out more on equidam.com.
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In this episode we talk about the principles of valuation for venture capital. What are the fundamental drivers of 'value' in a startup opportunity, how are they measured, and what are the consequences of that approach? Specifically, what role do multiples and 'comparables' play in valuation, and why?
How much of a startup's valuation is driven by the business, and how much is driven by the market?
Whether you're an investor or a founder, we hope this conversation poses some interesting questions about methodology and motivation.
Thanks for joining us.
The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies. If you're a founder or an investor in that bracket, these conversations should be useful.Find out more on equidam.com.
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In this episode we talk about some of the challenges facing venture capital as an asset class, how it has changed over the years, and the role it plays in broader investment strategies.
Is venture capital still backing 'aventurers', or is it just picking winners?
Is there an overlooked opportunity in 'middle risk' companies?
The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies.Find out more on equidam.com.
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We start this episode by explaining why we've decided to launch a podcast. (It's not because the world needed another entrepreneurship podcast.)
To begin this series, we start by sharing some perspective about exactly what startup valuation is, in terms of process and outcome. We compare that to more traditional company valuation, and why the two differ.
We also look more broadly at the current fundraising environment, recent trends (falling valuations, slower rounds) and some of the reasons why.
The Equidam podcast is co-hosted by Daniel Faloppa (Equidam's CEO) and Dan Gray (Equidam's Head of Marketing), and focuses on startup fundraising trends around the world, with a particular focus on valuation for early stage companies.Find out more on equidam.com.
