This Week In Startups Weekly Recap Nov 22-24

Hey Everybody, I hope your Thanksgiving was wonderful!?

Some highlights from the short week: If you want to become a VC, I recommend listening to our episode with Turner Novak from Banana Capital. For founders, Jason outlined the essentials for getting your company ready for fundraising. Recap of the shows and news coverage below.

Turner Novak: Turning memes into a $10M VC fund

Turner is widely known in startups for his incredible videos and memes that satirize venture capital culture. Beyond his knack for capturing the zeitgeist, he invests in startups and launched his own VC fund this year.?

They talk about breaking into venture, starting Banana Capital, what it's like being an emerging manager, rising valuations, two food delivery startups (JOKR & Facily) and crypto.

On navigating the hot funding environment...

"I don't expect any multiple expansion on investments I make, I probably expect some multiple contraction.”

Startup Checklist: how to prepare for fundraising

Venture fundraising is a full-time job. You don't want to put in all that effort to have things fall apart in diligence. Jason covers the basics like having the right structure, a clean cap table and proper founding documents. Investing in startups is risky, VCs really appreciate when founders can quickly communicate and provide the right info in an organized way. If you are considering raising money, this episode is for you!

News

• Nikola Motors update, Trevor Milton’s Lawsuit and company Q3 earnings
• El Salvador launches $1B bond to build “Bitcoin City” on a volcano
• Zoom’s revenue tops $1B, but it’s valuation falls on slowing post-pandemic growth

Do you have feedback for us? We'd love to hear it.

Best,

Producer Justin

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