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Brian Nichols

Co-Founder of Hustle Fund and Angel Investor

Brian Nichols, Co-Founder of Angel Squad at Hustle Fund

Brian Nichols is the Co-Founder of Angel Squad, a vetted community of angel investors that gets access to Hustle Fund's deals and investor education. He co-founded Angel Squad in October 2020 with the goal of bringing 10,000 new angels into the startup investing ecosystem.1

Prior to co-founding Angel Squad, Brian had an extensive background in the startup world:

  • 2x Founder - Co-founded RewardTag from 2011-20142
  • Early employee at Lyft - Served as the first Market Manager on the West Coast, overseeing 50%+ of all Lyft rides at the time23
  • Operations Manager at Zoox2
  • Head of Business Development at Blackbird2
  • Head of Partnerships at On Deck2
  • Program Director for the On Deck Angel Fellowship2
  • Angel investor in multiple companies since 20192
  • Participant in First Round Capital's Angel Track program in 20192

At Angel Squad, Brian and the team aim to educate and empower a diverse group of professionals from all walks of life to become angel investors. The program provides investor education and access to invest alongside Hustle Fund in their top performing portfolio companies.13

Angel Squad has grown rapidly, with over 2,000 members from 25+ countries in just a few years. Brian's experience as an operator, founder and angel investor has been invaluable in building the program.34

Highlights

Sep 14 · linkedin

Despite the buzz all over the Internet, SEO is not dead, and it’s certainly not something startups should write off without some due diligence first. 

I just finished reading Glen Allsopp’s Q4 SEO report -- a 45,000-word beast, in which he shares insights based on original analysis of the companies dominating Google search results and what they’re doing to stay ahead of the competition.

One interesting tidbit is the success some companies, like Nextdoor, have seen with AI-generated content.

According to the report, Nextdoor’s AI-generated pages have seen significant traffic growth, reaching around 600,000 monthly visitors from search. They've created over 1 million URLs using this approach.

Glen does note that click-through rates probably aren’t as high as third-party tools predict.

Also, pretty cool to see daydream featured in his report for their work with companies, like  Notion and Product Hunt (daydream is a Hustle Fund portfolio co, and the founder, Thenuka Karunaratne, is a good friend!).

🔗https://detailed.com/q4/

Sep 11 · linkedin

At the beginning of the month, I read an article with a headline that caught my attention: “Canva says its AI features are worth the 300 percent price increase.”

According to the article in The Verge, global customers for Canva Teams, a business subscription that allows companies to add multiple users, can expect prices to increase by just over 300 percent in some cases.

Canva says the increase is justified due to the “expanded product experience” and value generative AI tools have added to the platform.

In my opinion, this hike in price is a bit extreme, because the market has come to expect AI features to just be a part of upgrades to current offerings.

Looking ahead – I don’t think consumers (and businesses, according to the ruckus online since the announcement) will be willing to pay more for AI features. It’s just expected that innovation is part of the product update process. Not to mention competitors will come along and offer the same thing for free, or at Canva’s old price, in this case.

Canva stole market share from Adobe because it was a simple and affordable alternative to more expensive graphic design software. Many Canva users have echoed this exact sentiment, saying they’re canceling their subscriptions and going back to Adobe applications.

What’s your take? Should it just be assumed that going forward AI features will be bundled into existing product offering to add value (without a price increase)?

Related Questions

What inspired Brian Nichols to start Angel Squad?
How has Angel Squad impacted the startup investing ecosystem?
What are some notable investments made by Angel Squad?
How does Brian Nichols balance his roles at Hustle Fund and Lyft?
What is the "no a-holes" policy in Angel Squad?
Brian Nichols
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Experience

Angel Squad Co-Founder at Hustle Fund since December 2020
Program Director at On Deck Angel Fellowship, Head of Partnerships at On Deck, Angel Investor at multiple companies

Location

San Francisco, California, United States