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Ramtin Naimi

๐Ÿ‘ค Speaker
1465 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

But these founders are able to go out and find individuals who will at least be a design partner or a pilot customer and give them a shot to build something.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

Because oftentimes, it's not even in their best interest.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

It's a time suck.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

They'll say, come back to me when there's actually a working product.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And convincing somebody that it's actually worth spending time with them to perfect the product is also a specific type of individual experience.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

On the technical side, we're looking for someone with extremely strong technical capability that other engineers would actually work for.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

Some people are great engineers that other engineers might necessarily want to work for, and other people are just great engineers that other engineers would happily work for.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

But what I look for on that side is shipping velocity.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

This is the kind of engineer who's going to ship a product in six weeks or six months.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And at the end of the day, I think seed stage investing, at least for us, is very momentum driven.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

I want to build a portfolio of 60 high momentum companies, hope that three to five of them escape velocity and become amazing companies.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

Another thing that I've started to gravitate to over time, which is a little counterintuitive to being a venture capitalist because you want to own a lot of these companies, is I've found I've had a lot of success

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

with dilution sensitive founders.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

You kind of meet two buckets of founders at seed stage and you ask them what kind of round they want to raise.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And they're like, oh, you know, typical 5 million, 25 post round down to sell 20 to 25% of my company, pretty standard.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And I'm like, I don't think there's anything standard to selling 20 to 25% of your company.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And see, you don't have to sell 20 to 25% of your company.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

Do you need $5 million?

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And then there's the other founder who comes in and says, I need $3 million and I want to sell as little of my company as humanly possible for that $3 million.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And