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Eric Berman
Co-Founder @ Lil Snack
Eric Berman is a seasoned business leader with a strong background in creating, launching, and expanding direct-to-consumer media ventures.
He holds a B.A. from the University of California, Los Angeles.
Currently, Eric serves as the Chief Operating Officer at OK Play, where he continues to demonstrate his expertise in the field.
With an impressive trajectory, Eric has held key roles at renowned companies like Crunchyroll, where he was the Head of Business Development, and VRV, a Crunchyroll brand, where he was responsible for Content & Partnerships, Vice President of Business Development, as well as Vice President of Business Development.
Prior to his roles at Crunchyroll and its brand, Eric contributed his skills at Hulu in various positions ranging from Manager to Director in Marketing & Distribution.
His valuable experience also includes a role as the Director of Content at ZillionTV.
Eric Berman's professional journey showcases his ability to lead and drive growth in the competitive media landscape.
Highlights
Top 3 Fundraising Lessons Learned in 2024...
Last week, I visited the new A16Z GAMES digs in Santa Monica ☀️🎡 to spend time with the 36+ startups in the new Speedrun 003 class. Andrew Lee moderated a discussion on Fundraising in 2024 -- sharing our key lessons learned with Lil Snack.
1.) Ride a Wave 🌊 Timing your startup with a new wave is a great recipe for success. Waves are macro moments that spark entirely new industries: the radio, the TV, the internet, the iPhone, and likely AI... It's critical to be able to articulate the wave you are riding & how your product uniquely leverages its momentum. Definitely my favorite Andrew Chen insight from A16Z GAMES SPEEDRUN.
2.) Show Don't Tell 🙊 The best pitch dives right into the product & key customer insights. For a seed round in 2024, you need a product, not a story. My co-founder Travis Chen designed our first pitch deck so there were only a few words on a given slide. This lead to a better back & forth with VCs, limiting how much we 'pitched' and more time discussing the product.
3.) Keep it Simple👷🏼♂️ The priority is to get back to BUILDING ASAP! Once you feel good about your investor, and obtain terms that are 'reasonable' ... then SIGN IT! It's easy to get lost in the fundraising game... don't. Highly recommend stacking SAFEs as a tool to move efficiently through the process. Raising money is not the challenge, finding Product Market Fit is.
Hope this is helpful. We were incredibly fortunate to end up partnering with incredible investors in Will McKelvey + Ben Lerer at Lerer Hippeau, Daniel L. at Waverley Capital, Ian Doody + Salim M. at Powerhouse Capital and Joshua Lu at a16z Games, with this focus. Feel free to DM if I can ever be helpful. Good luck! 🚀
We'd appreciate your vote ✅ for our Lil Panel at SXSW!
Lil Snack will be joining Joshua Lu from A16Z GAMES, Jordan Mirrer from Sony Pictures Entertainment and a few others to dive into the cultural phenomenon around daily games.
Click Below to Vote! 🙏🏼
