Cold Email Value Exchange

Cold emailing is a highly asymmetrical trade opportunity that most people don't take advantage of due to fear. Here's the framework for successful cold outreach.

Core Philosophy

  • Cold emails remain an underutilized opportunity despite their effectiveness
  • The downside risk is minimal - worst case is usually no response
  • There's always a scarcity of talented, interesting people that others want to meet
  • The opportunity remains viable even if widely known because most won't overcome the fear to do it

Key Success Factors

  • Must "have the goods" when you show up

    • Be prepared with unique insights
    • Have thoughtful questions ready
    • Demonstrate you're switched on and interested
    • Show you have a unique view on things
  • Being a student/young person can be an advantage

    • Most people will meet with students who seem engaged
    • Youth itself can be enough of a hook to get meetings

Common Mistakes to Avoid

  • Showing up unprepared

    • Not having anything substantive to say
    • Lacking prepared questions
    • Unable to demonstrate value
    • Wasting the person's time
  • Poor Follow Through

    • Not capitalizing on responses received
    • Failing to maintain the relationship
    • Not being ready when opportunity presents itself

Results

  • Successful cold emails can lead to amazing opportunities
  • Even with 100+ non-responses, the wins make it worthwhile
  • Bad responses are rare - usually just no response
  • The asymmetrical nature means high upside with minimal downside risk
23:01 - 24:14
Full video: 32:07
JG

Jeremy Giffon

First employee and general partner at Tiny, a private equity firm acquiring internet and technology businesses. Part of the founding team of MediaCore, later acquired by Workday. Specializes in identifying esoteric opportunities and navigating misaligned incentives in private markets.

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