Description

Yuri Sagalov is the Managing Partner of Wayfinder Ventures.

Takeaways

• Yuri's immigrant experience includes stops in Russia, Israel, Canada and now the US.
• Getting into YC S10 and how YC has changed.
• His startup AeroFS's acquisition process.
• Joining YC as a Part-Time Partner.
• Why startups have become a mainstream career path.
• Why it is more glamorous to be a founder versus an investor.
• His start in angel investing with huge wins like Flexport and Pebble.
• How angel investing has changed over the last few years.
• Why velocity is one of the key predictors of success in startups.
• How Wayfinder was started.
• The initialization of seed investing and openings for newer funds and theses.
• How Yuri adds value and attracts founders who want him on their cap table.
• The artisanal approach to venture.
• Why referrals are his biggest deal flow channel.
• Contrairian views in VC.

Chapters

00:00 Yuri's Immigrant Journey and Its Impact

02:09 The Entrepreneurial Spirit: Founding AeroFS

05:04 Navigating the Acquisition Process

06:48 The Evolution of Y Combinator

10:07 The Changing Landscape of Startups

12:47 The Glamour of Being a Founder

16:07 Angel Investing: A Personal Journey

20:46 Key Traits for Early-Stage Investments

23:55 The Genesis of Wayfinder

24:49 Adapting to the Competitive Landscape

27:04 Evolving Investment Strategies

30:04 The Changing Landscape of Seed Funding

33:23 The Role of Founders in Investment Decisions

36:29 Supporting Founders: Balancing Guidance and Autonomy

38:31 Common Challenges Faced by Startups

40:53 Finding and Evaluating Potential Investments

42:37 Contrarian Views in Venture Capital

45:05 Personal and Professional Excitement

49:25 Navigating Hard Times in the Startup World

Keywords

immigration, entrepreneurship, Y Combinator, startup culture, angel investing, founder identity, acquisition process, Wayfinder, investment strategies, startup ecosystem, investment strategies, seed funding, founder support, startup challenges, venture capital, AI, emerging markets, investment evaluation, community support, contrarian views