How I Invest with David Weisburd · E436: Nnamdi Okike on Billionaires, Founder Psychology & the Venture Capital Bubble
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limited seed-round sizes (e.g., avoided $50 M seed rounds) to keep founders in a scarcity mindset
$50 M seed round mentioned as rare and undesirable
“…if there's any cilantro seed larger in the machine that mixes in with the celosia it'll be very visible and then I can use a different size screen to scalp off the larger cilantro seed…”
“We raised our first round $2 million pre-seed in 30 days on a strategy. 30 days. Yeah, it was pretty quick.”
“I have a standard starting point of an app and a grid size that I start. Pretty much most kids on, unless there are physical limitations or visual limitations, anything that would make it where they couldn't access that, then I would go with something else.”
“We are limiting it to 200 people for year one… The first 100 people who sign up will get founders tickets.”
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