Suggestions
Kera DeMars
Director of Events at The Hustle
Kera DeMars, also known as Kera Zacuto, is the Head of Marketing and Events at Hustle Fund. She has a significant background in event planning, having worked in this field for nearly 15 years, which includes organizing weddings, trade shows, team retreats, holiday parties, and conferences.34
Before her current role, Kera was the first employee at The Hustle, where she served as the Director of Events and later as Chief of Staff. Her diverse skill set has earned her the description of a "Swiss army knife of ops and events," highlighting her versatility and capability in managing various operational tasks.125
Kera's experience at Hustle Fund involves creating and managing the company's content and events strategy, showcasing her leadership in the startup ecosystem.46
Highlights
There's been a lot of chatter around secondary transactions recently.
This is when investors buy equity from an existing stakeholder (like an early investor, former founder, company employee) rather than investing in a priced round.
There’s a lot that’s cool about this market… and a lot that’s confusing.
What’s cool about secondaries: it's an opportunity to buy equity in companies before they go public. And in today’s market, some of this equity is available at a huge discount to the last round's valuation.
What’s confusing about secondaries: well, it’s a closed market. So there’s not a centralized place to look for these opportunities. Also, there are things like synthetic structures (?!), ROFRs, blocked transactions, and more fun challenges to navigate.
TL;DR: secondaries are a huge, often overlooked opportunity. And we’re gonna put a spotlight on the opportunity, how to get involved, and key risks with a couple of experts on September 12.
No charge to join, just sign up here.
https://lnkd.in/gn5eCJ6a
cc Jamie Melzer
Last year at #camphustle, founder Tara Viswanathan asked this question onstage:
Why do we look for patterns when it's the outliers that win?
As entrepreneurs, investors, and humans we are often on the lookout for patterns.
For example:
- Find founders with big exits, then build the same way
- Find investors with big returns, then invest the same way
- Find people who are successful, then live the same way
But when you think about the biggest companies, the most successful investors, and the best humans... they tend to do things a little differently.
And so Tara wanted to know... why do we keep looking for patterns, when it's the outliers who deliver outsized returns?
Tara identified 2 ways a company can break the typical pattern and find unexpected success:
#1: Outlier Markets
When Tara first started Rupa Health, investors wouldn't give her the time of day.
They told her she didn't have a big enough TAM.
And they weren't wrong. I mean, Tara was going after a niche section in healthcare, which applied to ~1k doctors.
No one is gonna back a biz that only has 1k potential customers.
But Tara thought differently about her market. She believed the problem she was solving was so great that she could build a bigger market.
So that's what she did.
She used education to transform her un-addressable market into an addressable one. And she now serves 10s of 1000s of practitioners.
Her point?
If it's the right founder solving the right problem at the right time, they might be able to build a bigger market.
#2: Outlier team
Tara was looking for a growth marketer to join Rupa when a friend recommended someone to her.
This person didn't come from a big tech background. There was nothing about his resume indicating he would be a good fit.
But Tara respected the friend who made the referral so she agreed to the meeting.
When the candidate came in, he had a full growth plan ready to present. And it was brilliant.
It also worked.
This candidate was so passionate about what Tara was building that he became obsessed with helping her solve the problem.
And since he didn't have the same exact background as her other candidates, he didn't come up with the same solution as them.
He came up with a better one.
Her point?
If you say no to a person because they don't fit the pattern of what a "good candidate" looks like, you may also be saying no to ideas that can revolutionize your business.
So what's the takeaway?
Investors tend to follow patterns.
We look for a certain type of founder, we them to hit certain milestones, and we recommend certain growth strategies that we have seen work in the past.
And that's fine. We don't have to stop doing that.
But to Tara's point, perhaps it's time to look at what patterns we follow b/c we believe in them, and what patterns we follow b/c they look good on paper.
Want to meet founders like this? Come to Camp Hustle.
