Venture Stories

On this episode Erik talks to Andrew D’Souza (@andrewdsouza), founder and CEO of Clearbanc, and Ali Hamed (@AliBHamed), investor at CoVenture, recurring guest and fan favorite.Andrew breaks down how Clearbanc works, why now is a unique time to build a new model of funding, and how they are using quantitative metrics in a business that has typically relied heavily on qualitative factors. He says that he would like to see venture capital go back to funding technical risk, and that for a lot of companies raising equity, 50-80% of their equity is going to Facebook and Google (via ad buys).He explains how Clearbanc is able to plug in to a startup’s finances to model and keep track of their progress in real time. Ali says that he would like to see founders taking the right kind of capital for their company's needs and talks about some of the perverse incentives in venture. Andrew points out that Clearbanc wants and needs all of their companies to succeed, which isn’t always the case in venture.They talk about the m