Lee Jacobs was an early supporter of AngelList and was the first outside investor to complete a syndicate in 2013 for a top Brazilian education company called Descomplica. Lee later joined AngelList as a partner where he was dedicated to making it easier for entrepreneurs to raise capital. Lee’s work involved working with top angel investors to help them be successful by providing them with access to capital and AngelList’s platform tools. Lee lives in the mission is SF with his wonderful wife Rebecca.
Venture Capital Know-How
Lee Jacobs understands that networking is key to both entrepreneurship and venture capitalism. This focus on people is part of what drove him to found Edelweiss, a venture capital fund focusing on early stage investments in technology companies. With a team of like-minded individuals, Edelweiss set out not just to provide capital, but build relationships. Lee and Edelweiss look for determined individuals with a history of resilience. In the world of startups, it pays to face down challenges, and Edelweiss has cultivated its partnerships with founders that have proven themselves as innovators willing to do what it takes to succeed.
Building Better Startups
At Edelweiss, Lee Jacobs is responsible for business development and recruitment. His experiences in Silicon Valley have made him adept at identifying opportunities and forging mutually beneficial relationships. Lee knows that venture capital is about recognizing the value that entrepreneurs can offer as well as what he can provide them beyond just capital. He is particularly interested in founders with a demonstrated knowledge of consumer needs and the drive to help fill those needs. To him, it’s not just about the money; it’s about the unique mission that each startup can carry out.
As our seed companies have matured and gone on to raising Series A, without question a key issue that comes up is pro-rata right in the companies next financing round. As Fred Wilson recently covered, these pro-rata rights are a source of much much dissension.
In this blog post, Lee Jacobs— investor, Entrepreneur, and Founder of Edelweiss.vc— shares insights on how early tech startup founders can healthily relate to competition. The information will enable early startup founders to focus on building a product customers will love, grow their business fast, and make a positive difference.
Defining your strategy as a venture investor can be tricky given there are so many potential strategies and approaches. I was one of the first people (if not the first) to use what is called an AngelList Syndicate— a way for angel investors to raise an on-demand single deal venture fund.
When I first got into investing, I had capital, and a clear mission— help founders be the best versions of themselves because fully self-expressed entrepreneurs can have a tremendous positive impact on the world.
Differentiating from Competition in your Fundraise with Lee Jacobs: A Simple Way Set Yourself Up to Win
Fundraising is an essential part of a high growth early-stage startups life. In a previous post, I talked about how investors evaluating your company often ask about your competition, since most investors can only invest in one company going after the same opportunity.
“Bone broth? What’s that?” I remember asking my partner Brian Balfour when he mentioned what his friend Justin Mares was working on. Justin was part of a group of customer acquisition experts that Brian has known for a number of years and was so impressed by him that...
Chris Bennett, CEO of Wonderschool, and I have been linked together since 2004, when we both attended U Penn. My first vivid memory of Chris was of him walking through the Penn dormitories with a huge shopping cart (not sure how he snuck it past security...), knocking...
I recently heard of two instances of particularly alarming investor behavior. In once instance, a founder was promised a salary increase and equity package for years that never came. Then, the same investor shared sensitive personal details with a member of...
When an entrepreneur starts their first company, the level of isolation can seem intimidating. It is you against incumbents, other startups, and often many others in your life (who think you are crazy). Such was the case when I set out to start Colingo in 2010....
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