How Curtis Northcutt Closed a $25M Series A for Cleanlab (Curtis Northcutt / Cleanlab)
In this episode, Curtis Northcutt, MIT PhD and founder of Cleanlab, shares his compelling journey from rural Kentucky to raising $25 million from Menlo Ventures and Bain Capital. Curtis reflects on the challenges of growing up with limited opportunities, the loneliness of dreaming big in a small town, and how those experiences ignited his drive to build something meaningful. He also dives into the complexities of raising capital during a downturn, balancing investor relationships, and making tough decisions about dilution. With a mix of personal stories, sharp insights, and practical advice, this episode offers a behind-the-scenes look at what it takes to build a startup from scratch and scale it with purpose.
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TBC: Understanding VC Signals
VC signals can be tricky. A lot of them are deeply intertwined with social dynamics and can change investor interest in a matter of seconds.
TBC: Answering Your Questions About Getting Passed On
Welcome back to The Backchannel! In this episode, we're trying out a new format where we dive into your burning questions about how founders should navigate investor passes.
The Story Behind Incognia's Pivot & How it Led Them to Raise $45.6M
When life throws you tough times, you only have two options: to give up or find a solution. Today's guest felt slightly differently when they ran into some truly unexpected situations... they decided there was actually only one option: find a solution and move forward. Our guest for this episode is André Ferraz, co-founder and CEO of Incognia, a fast growing leader in the online fraud prevention space. Over the past decade, Incognia has had its fair share of ups, downs and even pivots - ultimately leading them to find the PMF that landed them $45M in venture funding in under 3 years. André's story is wild and super inspiring, and we can't wait for you guys to hear it!
TBC: Why Monthly Investor Newsletters Might Be a Bad Idea for Founders
In this episode of The Backchannel, Jason pushes back at the common practice of founders sending out monthly investor newsletter updates.
TBC: Is Silicon Valley Still the Place to Be for Startups?
In this episode of The Backchannel, the host Jason dives into an article from the Bay Area Council Economic Institute, which talks about Silicon Valley's current state, investment trends, and workforce changes.
The Story Behind Lex's $5.6M Seed Round (Jennifer Lewis / Lex)
In this episode, we dive into the unpredictable world of startups, where the only constant is change. Joining us is Jennifer Lewis, co-founder and CEO of Lex, a pioneering social app for the LGBTQ community. Jennifer shares her rollercoaster journey through the venture-backed startup landscape, a path filled with highs and lows, trials, and significant growth. Despite the notion that startups should be smooth sailing, Jennifer's experience tells a different story—one of persistence and resilience. She recounts the daunting challenges she faced while raising capital, which paradoxically energized her and her team to secure a substantial $5.6 million seed round. This episode reveals how coming close to failure can unveil a newfound strength and determination. We also take a personal look at Jennifer's background, tracing her unlikely path from her early years to becoming a leader in tech innovation. Her story is a testament to the unexpected turns life can take and the transformative power of embracing them. Tune in to gain insights into the gritty realities of startup life and the pivotal moments that can define a company's success.
TBC: How Much Should I Raise?
In this episode of The Backchannel, we explore everything you should consider when figuring out how much you need to raise. Jason delves into the common questions founders face regarding fundraising amounts, the importance of being goal-oriented, and the two key goals for raising funds.
TBC: How I Work - For Easily Distracted Founders
In this episode of The Backchannel, the host launches a new series called "How I Work," exploring strategies for productivity.
The Journey of Ian Swanson Starting 3 Venture-Backed Successes (Ian Swanson / Protect AI)
What makes someone a successful founder? Is it how much revenue they're able to generate? How well they lead their company and their employees? How many investors they're able to land? Those all play a role ... but the real answer is probably more nuanced and certainly harder to pinpoint. When we look at any successful founder throughout history, it's natural to wonder how they got there. To wonder what made them different from the thousands of others who tried to walk the same path and failed. Today I get to talk to Ian Swanson, 3x venture-backed founder and current CEO of Protect AI. Ian has raised over $82M in venture capital throughout his career with two successful exits . In today's interview, we touch on all three of Ian's companies, sharing the ups, the downs, and the in-betweens of running a venture-backed company. Tune in to uncover the untold stories behind Ian's path to success and discover what sets him apart in the world of entrepreneurship.