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Dalton + MichaelDalton + Michael

Standard Capital Update

In this video, Michael interviews Dalton to get an update on Dalton's Series A fund, Standard Capital, since Standard's first ever application cycle was recently completed. They discuss what Dalton has learned so far, as well as some tips for founders that might be interested in applying to Standard in the future. Applications for the second Standard cycle are now open: https://www.standardcap.com Dalton + Michael is brought to you by ‪ @Standard_Cap Dalton Caldwell on X: https://x.com/daltonc Michael Seibel on X: https://x.com/mwseibel

Dalton CaldwellguestMichael Seibelhost
Jan 5, 202613mWatch on YouTube ↗

EVERY SPOKEN WORD

  1. DC

    We don't wanna negotiate with people over valuation.

  2. MS

    Yeah.

  3. DC

    And you could talk to any of the nine companies that got in and ask them.

  4. MS

    Yeah.

  5. DC

    We didn't negotiate on valuation. We just gave them what they saw on the app. We never talked about it.

  6. MS

    [laughs]

  7. DC

    Like, it was, it was reading the application. We're like, "Great." Like, there was no discussion.

  8. MS

    That was the deal. [laughs]

  9. DC

    That was the deal. Isn't that awesome?

  10. MS

    It's awesome.

  11. DC

    'Cause, dude, I don't wanna... Dude, I, I don't negotiate valuation with founders. That's no fun.

  12. MS

    [upbeat music] All right. This is Dalton + Michael, and today we're gonna get an update from Standard Capital. So you funded a bunch of companies. You know stuff now that you didn't know before.

  13. DC

    Yeah.

  14. MS

    Why don't we just start with, like, remind people what the process was. Like, what, what was the process? What was the innovation for this thing?

  15. DC

    Yeah. I mean, look, the, the idea for Standard was to take what we know worked well from Y Combinator-

  16. MS

    Mm-hmm

  17. DC

    ... and apply it to the next round. And so-

  18. MS

    To Series As.

  19. DC

    Yeah, to Series As.

  20. MS

    Yes.

  21. DC

    Because, look, we... How many companies have you and I funded at YC?

  22. MS

    Oh, a lot. [laughs]

  23. DC

    A thousand, uh, each.

  24. MS

    Yeah. [laughs]

  25. DC

    A lot of companies.

  26. MS

    A lot of companies.

  27. DC

    Part of the job at YC was to help founders raise the A.

  28. MS

    Yes.

  29. DC

    And so I had a pretty good mental model of what they were experiencing.

  30. MS

    Yes.

Episode duration: 13:55

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