44: Justin Jia (Project Unicorn)
Revenue: Real Startup Stories
English - August 11, 2021 12:00 - 51 minutes - 47 MB - ★★★★★ - 12 ratingsEntrepreneurship Business Technology revenue technology ecommerce dtc saas startups founders Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 43: Sami Halabi (Univoice)
Next Episode: 45: JT Garwood (bttn)
Justin Jia is Co-Founder & CEO of Project Unicorn, a new way for startup founders to meet investors. Today, it's not obvious how to meet angel investors, VCs, and advisors. Plus there is plenty of people claiming to be investors that really are there just to bleed companies dry. Justin and his team are solving that problem.
We discuss why he started a startup community on Slack, the attraction for top-tier VCs to join, the irrationality it takes to join a startup, finding the right role for yourself, and having high levels of conviction and self-awareness.
GUEST
Justin Jia LinkedIn
Justin Jia Twitter
Project Unicorn Website
PODCAST
Safa Mahzari
Patreon
Alluxo Website
TERMS
Startup = young companies looking to grow quickly
VC = venture capital
Angel investors = people who write personal checks into startups
Pre-seed = startup investing before a product or revenue
Seed = startup investing with very little data
Series A-D = later stage startup investing
IPO = initial public offering
a16z = Andreessen Horowitz
GP = general partner, the VCs who invest in startups
LP = the investors into a venture fund
YC = Y Combinator, a startup accelerator
TIMESTAMPS
0:00 - Episode intro
1:19 - Starting a startup community on Slack
9:41 - The economics of venture capital
21:46 - Networking with other founders
28:29 - The irrationality of building startups
34:40 - The long term vision for Project Unicorn
44:46 - Finding your seat at the table
50:13 - Wrap up and final thoughts