Founder Support Builds VC
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Ryan Breslow shares his perspective on building a strong reputation in venture capital through prioritizing founder relationships and support. His approach emphasizes genuine care for founders over traditional VC relationship building.
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Building Trust with Founders:
- Treat founders exceptionally well, and they'll refer other founders
- Be someone founders can call about anything
- Create an environment where founders don't have to mince words
- Maintain complete trustworthiness and support
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Maintaining Long-term Success:
- Many firms start with good founder treatment but develop ego over time
- The key is maintaining the founder-first ethos consistently
- Firms that maintain this approach will become next-generation leaders
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Personal Investment Approach:
- Helps hundreds of companies raise money
- Has facilitated hundreds of millions in fundraising
- Takes minimal compensation (usually less than 0.5% in advisor shares)
- Sometimes helps for free if he likes the founder
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Scaling Challenges:
- Must be selective with companies to maintain quality
- Time becomes the main limiting factor
- Can't work with hundreds of companies per quarter
- Need to dedicate available time to supporting the next generation
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Business Model Options:
- Can be done as an individual
- Could be structured as a firm
- Multiple ways to approach the model
- Focus on quality over quantity
The core message is that authentic founder support, maintained consistently over time, is the key to building a strong VC reputation and referral network.
Ryan Breslow
Founded Bolt, a fintech company specializing in one-click checkout solutions. Raised over $1 billion in investor funding, valuing Bolt at $11 billion at its peak.
Currently embroiled in a legal battle and attempting to return as CEO with a proposed $450 million fundraising deal.