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Ashley Tyrner-Dolce spent more than a decade building FarmboxRx without taking a single dollar of venture capital and ultimately exited the company while still owning the majority of it. In this episode of Build Mode, host Isabelle Johannesen sits down with Ashley to talk about what bootstrapping actually looks like when you don’t have money from a previous exit or a wealthy network to fall back on. Ashley started the company after experiencing food insecurity herself. Years earlier, while pregnant with her daughter, she relied on food stamps and lived in a rural food desert where getting fresh food could mean a 30-minute drive. She eventually launched Farmbox Direct as a direct-to-consumer produce delivery company before pivoting the business into healthcare and building what became FarmboxRx. Along the way, Ashley tried to raise venture capital, but investors pushed her to turn the company into a meal-kit business, a direction she believed would take it away from the customers she wanted to serve. Instead, she kept bootstrapping. That meant cutting expenses, reinvesting money into the company, negotiating longer payment terms with vendors, using credit card points for travel, and at times stopping her own salary to make payroll. Now an investor herself at HLM Investments, Ashley explains what bootstrapping signals to a VC, why founders should think carefully about when they raise outside capital, and why she believes traction can put founders in a much stronger position before they take a check. They get into: How Ashley started FarmboxRx without venture funding Why early VCs wanted her to turn the company into a meal kit What bootstrapping looks like when you don’t have a financial safety net How she stretched cash flow and negotiated vendor payment terms Why she sometimes stopped paying herself to make payroll How cold calling helped land FarmboxRx’s first healthcare customers Why founders should stay involved in sales What bootstrapping signals to Ashley now that she’s a VC Why she walked away from term sheets and acquisition offers The financial upside of maintaining ownership through an exit Why she wouldn’t raise a seed round if she started another company today When founders should consider taking venture capital Why bootstrapping after a previous exit is a very different experience How founders can build investor relationships even when they aren’t raising Chapters: 00:00 — The case for bootstrapping01:42 — How Ashley started FarmboxRx03:50 — Bootstrapping without a financial safety net07:16 — Why VCs struggled to understand the business10:21 — Proving the investors wrong12:34 — Building a network without VC backing15:24 — Getting advice from VCs without taking their money17:36 — Why Ashley refused to change her vision20:14 — Walking away from term sheets and acquisition offers22:32 — What bootstrapping signals to a VC25:08 — Getting creative with cash flow27:09 — The upside of bootstrapping28:54 — What Ashley would tell a founder starting with $50K30:26 — How to land your first customers34:44 — Would Ashley take VC money today?35:55 — Why founders should wait longer to raise36:55 — Not all bootstrapping is the same39:30 — The difference between bootstrapping with and without money Join us at TechCrunch Disrupt October 13-15 in San Francisco. Use promo code: buildmode25 for 25% off your ticket. Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Building flying taxis takes billions of dollars. So instead of relying on traditional venture rounds, Archer Aviation went public just a few years after it was founded. In this episode of Build Mode, host Isabelle Johannesen sits down with Adam Goldstein, founder and CEO of Archer Aviation, to talk about the unconventional fundraising strategy behind building one of the most capital-intensive startups around. Archer is building electric vertical takeoff and landing aircraft, or eVTOLs, designed to turn trips that can take 90 minutes by car into flights of 10 or 15 minutes. The company is developing the technology for both commercial air taxis and defense applications and has been selected as the exclusive air taxi provider for the 2028 Los Angeles Olympics. But developing and certifying an entirely new category of aircraft requires enormous amounts of capital. Adam explains why he realized early on that raising $50 million or $100 million at a time wouldn’t be enough and why he decided to take Archer public when the company had fewer than 100 employees. Since then, Archer has raised nearly $4 billion. Adam breaks down how he prepared Archer to take advantage of the public markets, why timing matters so much when pursuing an IPO, and how retail investors and online communities have changed the equation for companies building ambitious hardware. He also explains why he thinks the window for earlier-stage companies to access public markets may be opening again. They get into: Why Archer is building electric air taxis How eVTOLs could change airport-to-city transportation Archer’s plans for the 2028 Los Angeles Olympics Why hardware startups need dramatically more capital than software companies Why Adam decided to take Archer public so early How Archer raised nearly $4 billion Why founders need to prepare for an IPO long before they actually pursue one How retail investors have changed the public markets Why liquidity became an important part of Archer’s fundraising strategy What founders need before considering an early public-market debut Why strategic partners can help validate an early-stage company The risks of going public too soon How capital helped Archer catch up with more established competitors Why founders should choose a problem they’re willing to spend decades solving Join us at TechCrunch Disrupt October 13-15 in San Francisco. Use promo code: buildmode25 for 25% off your ticket. Chapters: 00:00 — Why Archer went public so early 01:36 — What Archer Aviation is building 02:21 — Air taxis, defense and the future of eVTOLs 04:05 — Adam’s journey from finance to founder0 6:25 — Why electric aviation became possible 09:29 — Will people actually ride in flying taxis? 11:27 — Archer’s plans for the 2028 LA Olympics 13:50 — Why building hardware requires billions 16:54 — Was going public the right decision? 17:40 — How retail investors changed the public markets 21:46 — How Archer prepared to go public early 24:50 — Is the early IPO window opening again?26:42 — What a startup needs before going public 28:09 — Why Archer chose a SPAC 29:57 — Should first-time founders consider going public? 30:55 — How Archer attracted talent before it had the money 32:48 — Why capital became Archer’s competitive advantage 33:39 — What comes after the exit? 35:25 — Adam’s advice for founders building capital-intensive startups Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Robotics is having an AI boom, but don’t expect it to have a ChatGPT moment. In this episode of Build Mode, host Isabelle Johannesen sits down with Xavier Chi, co-founder of Mbodi, a startup building AI software that lets people teach industrial robots new skills using natural language. Xavier first joined Isabelle on the Startup Battlefield stage, where Mbodi became a crowd favorite with a live robot demo. Now, he’s back to talk about what happened after Battlefield and why he believes this generation of AI could finally help robotics companies overcome some of the problems that have historically made them so difficult to scale. Xavier breaks down why traditional industrial automation still requires so much programming and customization, how Mbodi is working with ABB Robotics to bring its software into factories and warehouses, and why deploying robotics in the physical world creates a very different set of challenges from building traditional software. He also explains why robotics startups have struggled to build scalable software businesses and how generative AI could begin to change that. They also get into what VCs are looking for in robotics startups, how founders can de-risk an investment before fundraising, whether the excitement around humanoid robots is justified, and why Xavier believes robotics won’t experience a single ChatGPT-like breakthrough. Plus, he explains why reliability is so critical on the factory floor — and how Mbodi recently achieved a 99.6% success rate during an eight-hour test. They get into: Why industrial automation is still surprisingly manual How Mbodi lets people teach robots using natural language Why labor shortages are driving demand for automation How winning an ABB Robotics competition led to a major partnership What Mbodi gained from Startup Battlefield Why robotics software companies have historically struggled to scale How generative AI could reduce the need for custom robotics integrations What VCs want to see before investing in a robotics startup Why robots don’t necessarily need to look human Why software could capture more of the value in robotics as hardware gets cheaper Why robotics won’t have a ChatGPT moment Why reliability is so important when robots enter production How Mbodi achieved a 99.6% success rate in an eight-hour test Chapters: 00:00 — Mbodi’s unforgettable Startup Battlefield demo01:32 — Why industrial automation is still so difficult03:55 — What companies are actually using robots for06:33 — How Mbodi landed its partnership with ABB Robotics08:30 — Are startup competitions worth a founder’s time?10:00 — Why Xavier wanted to compete in Startup Battlefield11:18 — The hardest question Mbodi faced at Battlefield13:04 — Why robotics software has struggled to scale16:35 — Raising venture capital for a robotics startup18:02 — Convincing VCs you’re the right team19:12 — Do robots really need to look human?21:42 — What needs to improve across the robotics stack25:08 — What VCs want from robotics startups28:00 — How to de-risk a robotics investment30:06 — What’s next for Mbodi31:30 — When will robots enter our homes?35:35 — Why robots can’t afford to fail36:01 — Mbodi’s 99.6% reliability test Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

There is no such thing as the perfect pitch. But you can get close by implementing a few research-backed methods to your delivery, deck, and message. In this episode of Build Mode, host Isabelle Johannesen sits down with Dr. Eike Gerhardt, who has aPhD in pitching and spent nearly a decade studying the science of startup pitching before starting Autopoiesis Sciences. And he’s joined by Demetri Maxim, co-founder and CEO of Nephrogen, who came in second at TechCrunch Startup Battlefield 2025. Together, they break down Demetri’s actual Startup Battlefield pitch to unpack what worked, what could be improved, and what research tells us about how investors respond to founders. Eike explains why credibility signals matter, how technical founders can simplify without oversimplifying, and why Q&A should be treated as a second pitch. Demetri shares how he learned to explain complex biotech to generalist investors, how redesigning his deck changed his confidence onstage, and what he would do differently today. They also explore how body language and authenticity affect a pitch, how investor questions can reveal bias, and how founders can use AI to prepare for difficult Q&A. They get into: What Demetri got right and in his Startup Battlefield pitch How to explain complicated technology without oversimplifying it The credibility signals investors look for in a pitch Why some technical language can actually make founders more credible How to decide what belongs in your pitch versus the Q&A Why technical details can sometimes make your startup sound riskier How body language and authenticity influence investors Why Q&A should be treated as a second pitch What research reveals about bias in investor questions How to use AI to rehearse difficult investor Q&A Why there is no single “perfect” startup pitch The biggest pitching mistakes technical founders make Here are the studies mentioned in the episode: Kanze, D., Huang, L., Conley, M. A., & Higgins, E. T. (2018). “We Ask Men to Win and Women Not to Lose: Closing the Gender Gap in Startup Funding.” Academy of Management Journal https://doi.org/10.5465/amj.2016.1215 Figge, P., Graf-Vlachy, L., König, A., Demann, F., & Diessner, M. (2025). “Shades of Grey or Black and White? How Entrepreneurs’ Use of Cognitively Complex Language Affects Investor Funding.” Entrepreneurship Theory and Practice https://doi.org/10.1177/10422587251347042 Clarke, J. S., Cornelissen, J. P., & Healey, M. P. (2019). “Actions Speak Louder than Words: How Figurative Language and Gesturing in Entrepreneurial Pitches Influences Investment Judgments.” Academy of Management Journal https://doi.org/10.5465/amj.2016.1008 Jiang, L., Yin, D., & Liu, D. (2019). “Can Joy Buy You Money? The Impact of the Strength, Duration, and Phases of an Entrepreneur’s Peak Displayed Joy on Funding Performance.” Academy of Management Journal. https://doi.org/10.5465/amj.2017.1423 Chen, X.-P., Yao, X., & Kotha, S. (2009). “Entrepreneur Passion and Preparedness in Business Plan Presentations: A Persuasion Analysis of Venture Capitalists’ Funding Decisions.” Academy of Management Journal https://doi.org/10.5465/amj.2009.36462018 Zhu, L. Y., Young, M. J., & Bauman, C. W. (2024). “Linking Anxiety to Passion: Emotion Regulation and Entrepreneurs’ Pitch Performance.” Journal of Business Venturing https://doi.org/10.1016/j.jbusvent.2024.106421Allison, T. H., Davis, B. C., Webb, J. W., & Short, J. C. (2017). “Persuasion in Crowdfunding: An Elaboration Likelihood Model of Crowdfunding Performance.” Journal of Business Venturing https://doi.org/10.1016/j.jbusvent.2017.09.002Clark, C. (2008). “The Impact of Entrepreneurs’ Oral ‘Pitch’ Presentation Skills on Business Angels’ Initial Screening Investment Decisions.” Venture Capital https://doi.org/10.1080/13691060802151945 Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Eventbrite has survived nearly every kind of challenge a startup can face: launching into a financial crisis, raising venture capital after 27 rejections, going public, watching its core business disappear during COVID, and eventually leaving the public markets after nearly two decades of building. In this episode of Build Mode, host Isabelle Johannesen sits down with Julia Hartz, co-founder and former CEO of Eventbrite, to unpack the decisions that helped the company weather those highs and lows. When Eventbrite went public in 2018, Julia became just the 21st woman founder-CEO to lead her company through an IPO and the second-youngest woman to do so (milestones she remembers as both an achievement and a stark reminder of how few women had reached that point). But getting to the IPO, and navigating what came afterward, was anything but straightforward. Julia explains what it was like to take over as CEO from her husband and co-founder Kevin Hartz, why she initially questioned whether she was ready for the job, and how leading through the pandemic forced her to find her own leadership style. She also looks back on Eventbrite’s unusual fundraising journey, from bootstrapping the company for its first two-and-a-half years to the success during the 2008 financial crisis that ultimately landed them Sequoia as a lead investor.  Julia reflects on the realities of running a public company, balancing investor expectations against the needs of customers, the mistakes that took years to repair, and the painful decision to take Eventbrite private following its acquisition by Bending Spoons. Through it all, she shares what nearly 20 years of building Eventbrite taught her about resilience, leadership, reinvention, and making hard decisions when there is no obvious playbook. They get into: How Julia Hartz and Kevin Hartz built Eventbrite from a bootstrapped startup into a global ticketing platform Why 27 venture firms rejected Eventbrite during the 2008 financial crisis How strong execution helped Eventbrite turn those rejections into a Sequoia-backed round What it was like for Julia to take over as CEO from her husband and co-founder Why becoming CEO felt “terrifying” and how Julia eventually found her own leadership style How Eventbrite responded when COVID caused the company to process more refunds than revenue The crisis-management exercise that helped Julia’s team rethink the business from scratch What Julia learned as one of the youngest women and few woman founder-CEOs to take a company public Why the realities of running a public company can differ from founders’ expectations How CEOs should balance investor pressure with what is best for their customers Why Eventbrite ultimately decided to leave the public markets The mistakes Julia made while scaling Eventbrite and why talking directly to customers remains one of her most important lessons What 20 years of building taught Julia about resilience, leadership, reinvention, and knowing when to let go Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Chapters: 00:00 – Julia Hartz on Leading Eventbrite Through the Hardest Moments01:27 – From MTV and Jackass to Founding Eventbrite03:27 – How Julia and Kevin Hartz Started Eventbrite08:49 – Why Live Events Survived Every Technology Shift11:03 – Taking Over as CEO From Her Husband13:38 – Leading Eventbrite Through the COVID Crisis17:19 – Eventbrite’s Fundraising Journey17:57 – 27 VC Rejections During the 2008 Financial Crisis22:16 – How to Re-Pitch an Investor After They Say No24:42 – Building a Company With Your Spouse26:58 – Taking Eventbrite Public27:11 – Making History as a Woman Founder-CEO31:17 – What No One Tells You About Running a Public Company32:40 – From a $1.67B IPO to Going Private36:08 – Why Eventbrite Left the Public Markets38:48 – Customers vs. Shareholders: Who Should a CEO Listen To?41:11 – How Founders Should Think About Competition45:07 – Julia Hartz’s Biggest Marketplace and Leadership Mistakes49:30 – The Leadership Lesson Julia Learned in Her Final Months as CEO53:13 – What Comes After 20 Years of Building Eventbrite Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Investors want founders who understand the financial reality of their business. Messy data, misunderstood metrics, or waiting until you’re nearly out of cash to start fundraising can cost founders leverage, valuation, and even a term sheet. In this episode of Build Mode, host Isabelle Johannesen sits down with Sasha Orloff, founder and CEO of Puzzle and Startup Battlefield alum, to talk about what he’s learned from building companies that have raised more than $1 billion collectively.  Sasha breaks down what investors look for during fundraising, which financial metrics founders should know by heart, and why VCs don’t expect your startup to be perfect—they expect you to understand its reality. He also shares how he nearly lost a term sheet because his data room wasn’t ready, how fundraising diligence changes as a startup grows, and why getting your financial house in order can help founders raise with more confidence and leverage. They get into: What raising more than $1 billion across multiple companies taught Sasha about fundraising Why investors value founders who have a strong grasp of their company’s financial reality The financial metrics founders should know before pitching VCs How investor expectations change from pre-seed and seed through Series A, B, and beyond Why revenue growth and the quality of that revenue are critical fundraising metrics How runway, margins, sales efficiency, and profitability factor into investor decisions Why waiting until you’re running out of cash can hurt your fundraising leverage How Sasha nearly lost a term sheet because his data room wasn’t ready Why financial organization and compliance can influence investor confidence and startup valuations What founders should have prepared for the due diligence process Why VCs don’t expect perfection—and why being honest about what isn’t working can make for a stronger pitch How Sasha’s own fundraising and finance frustrations ultimately led him to build Puzzle How AI could change the way startups manage accounting and understand their financial health Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Chapters: 00:00 – Why VCs Want Founders Who Understand Reality 01:26 – Sasha Orloff’s Journey to Building Puzzle 05:05 – Why Puzzle Started With Startup Founders 08:38 – What Founders Should Know Before Fundraising 11:08 – What Investors Look for During Due Diligence 14:37 – Understanding the Financial Health of Your Startup 17:52 – The Financial Mistakes Founders Make 20:19 – When Startups Need Accountants and Finance Teams 24:04 – How Sasha Almost Lost a Term Sheet 26:10 – The Financial Metrics Founders Should Know Cold 28:20 – Lessons From Raising $1B+ Across Multiple Companies 31:45 – Why Financial Readiness Matters to Investors 33:49 – How AI Is Changing Startup Accounting 37:17 – Inside Puzzle’s Series A With General Catalyst 38:52 – Launching Puzzle at Startup Battlefield 40:38 – Sasha’s Advice for Early-Stage Founders Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Immigrant founders have built some of the world’s most valuable companies, but many still face barriers that make it harder to get a startup off the ground. Visa restrictions, limited access to friends-and-family capital, shallow networks, and a venture industry built around pattern matching can keep promising founders from getting funded before they have a chance to prove themselves. In this episode of Build Mode, host Isabelle Johannesen sits down with Manan Mehta, co-founder and managing partner of Unshackled Ventures, to talk about why he believes immigrant founders represent one of venture capital’s biggest overlooked opportunities. Manan breaks down how Unshackled built an investment model designed to help founders navigate immigration barriers, why traditional VC pattern matching causes investors to miss potential outliers, and how his team evaluates founders at day zero—often before they have a product, customers, or traction. He also explains why the structural gaps that make some founders harder to fund may be exactly where investors should be looking for outsized returns. They get into: The four structural barriers immigrant founders face when starting companies in the U.S. How Unshackled Ventures helps founders navigate visas while building their startups Why VC’s reliance on pattern matching can cause investors to miss outlier founders How Manan evaluates founders before they have a product, customers, or traction The IQ, AQ, EQ, and SQ framework Unshackled uses to evaluate founder potential Why resilience, lived experience, and a founder’s relationship to the problem can matter more than a polished pitch Why structural gaps can create some of the biggest opportunities for investors How founders without traditional networks can find alternative paths to early capital Why founders should understand their personal “why” instead of trying to fit the traditional VC mold Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Chapters: 00:00 – Why VCs Miss Outlier Founders 01:45 – Why Manan Mehta Founded Unshackled Ventures 04:15 – The Problem With VC Pattern Matching 06:15 – The Friends-and-Family Gap for Immigrant Founders 08:18 – How Unshackled Helps Founders Navigate Visas 10:40 – Building a Startup in Today’s Immigration Environment 12:19 – Solving One of Unshackled’s Hardest Immigration Cases 14:39 – What the U.S. Stands to Lose16:59 – Raising Unshackled’s First Venture Funds 19:40 – Can You Start a Company on an H-1B Visa? 22:13 – How to Evaluate a Founder at Day Zero 28:30 – Measuring IQ, AQ, EQ, and SQ 30:26 – How Fear Drives VC Pattern Matching 33:01 – Why Structural Gaps Create Outlier Opportunities 35:14 – Finding Startup Capital Outside Traditional VC 38:09 – Why Founders Need to Understand Their “Why” Hosted by Isabelle Johannesen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Setting up a sound legal foundation could be what saves a startup down the line. A missing founder vesting agreement, an unclear IP agreement, or a messy cap table can derail fundraising, spark co-founder disputes, or even kill an otherwise promising company before it has a chance to scale. In this episode of Build Mode, host Isabelle Johannesen sits down with Kristina Subbotinai, founder and CEO of Lesxy and former startup attorney at Cooley, to break down the legal fundamentals every founder needs to get right. Kristina shares the four non-negotiable legal decisions every startup should make from day one, what investors actually look for during due diligence, how founders should think about negotiating control versus valuation, and why leverage is the key to getting better fundraising terms. She also shares real stories from the front lines of startup law, from co-founder breakups and investor negotiations to a founder who tried using ChatGPT to draft a merger agreement. They get into: The four legal mistakes that can make a startup unfundable How founder vesting, IP assignment, Delaware incorporation, and 83(b) elections protect your company What VCs actually look for during due diligence and how to avoid common red flags How founders should negotiate valuation, board control, and investor rights Why leverage comes from building a great business—not signing better term sheets The wildest legal horror stories Kristina has seen, including a startup acquisition gone completely off the rails Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday.  Chapters:00:00 – Intro: The Legal Mistakes That Kill Startups01:37 – Why Kristina built Lexsy03:58 – The Legal Foundations Every Startup Needs08:22 – How to Find the Right Startup Lawyer10:21 – The Four Non-Negotiable Legal Decisions17:33 – What Investors Look for During Due Diligence20:04 – SAFE Notes vs. Priced Rounds22:18 – Negotiating Valuation Without Losing Control25:25 – Board Seats, Investor Rights, and Hidden Term Sheet Traps30:51 – Should Founders Use AI for Legal Advice?31:04 – How Founders Build Leverage in Fundraising35:48 – The Terms That Can Destroy Founder Wealth37:01 – The Craziest Startup Legal Story Kristina Has Ever Seen Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

SeatGeek didn't become one of the biggest names in ticketing by following the playbook. It started as a simple ticket search engine on the TechCrunch 50 stage (now known as TechCrunch Battlefield) and took on the industry’s massive incumbents by expanding its vision, surviving industry-defining challenges, and convincing investors that even a monopoly could be disrupted. In this episode of Build Mode, host and Startup Battlefield lead Isabelle Johannesen sits down with Jack Groetzinger, co-founder and CEO of SeatGeek, to unpack the company's 17-year journey from startup to industry leader. Jack shares how SeatGeek raised nearly $400 million in venture capital, why he believes founders should think about expanding rather than pivoting, what it was like fundraising during the COVID-19 shutdown of live events, and why the company ultimately walked away from its planned SPAC. He also explains how founders can convince investors to back them against an entrenched incumbent, why your first hires define your company's future, and how AI is reshaping the future of live entertainment and ticketing. They get into: Why SeatGeek chose to compete with Ticketmaster and how investors evaluated that opportunity How SeatGeek survived COVID and closed its hardest fundraising round during the pandemic Why passionate customers can become your best fundraising asset The hiring mistakes Jack wishes he could undo and why your first employees shape company culture How AI is transforming ticketing, live entertainment, and the fan experience Jack Groetzinger's advice for founders building companies that challenge established incumbents Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday.  Chapters: 00:00 – Intro: How SeatGeek Took on Ticketmaster 01:09 – From Startup Battlefield to Building SeatGeek 04:03 – Finding Product-Market Fit in a Broken Ticketing Industry 05:54 – Why SeatGeek Expanded Instead of Pivoting 07:14 – Raising Nearly $400M and Surviving the Hardest Fundraise During COVID 10:46 – Why SeatGeek Walked Away from Its SPAC IPO 13:57 – How to Raise Money Against a Monopoly Like Ticketmaster 17:02 – The Hiring Mistakes That Nearly Hurt SeatGeek's Culture 19:08 – How AI Will Transform Live Entertainment and Ticketing 22:19 – Regulation, Competition, and Jack Groetzinger's Advice for Founders Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Building a great product is one thing. Getting a company like Nvidia to put its name behind it is something else entirely. In this episode of Build Mode, host and Startup Battlefield lead Isabelle Johannesen sits down with Sydney Sykes, who leads global venture capital alliances and partnerships at Nvidia, to unpack how startups break into the Nvidia ecosystem and what a corporate venture capital partnership actually looks like once they're in. Sydney explains how founders can get on Nvidia's radar through programs like Nvidia Inception, why strategic alignment matters more than a slick pitch deck, and how corporate venture capital differs from traditional venture capital when it comes to fundraising, diligence, and deal terms. Drawing on her experience as an investor at NEA and Lightspeed Venture Partners, and as co-founder of BLCK VC, she also discusses access and representation in venture capital and how the AI boom is reshaping who gets funded. She closes with practical fundraising advice for founders hoping to build lasting relationships with corporate VCs like Nvidia. They get into: How a startup can "enter the Nvidia orbit" through the Nvidia Inception program What Nvidia looks for before offering its stamp of approval to an AI startup Corporate venture capital vs. traditional venture capital: what founders need to know Why a corporate VC checks for strategic relevance, not just financial upside How to pitch the same startup differently to a corporate VC vs. an institutional VC Why founders should build their cap table like a puzzle, not a popularity contest How the AI boom is lowering barriers to entrepreneurship — and where old barriers remain Why Sydney believes VCs should pay closer attention to energy and data center infrastructure How Black VC is expanding access and education across the venture capital industry Sydney Sykes' advice for founders trying to break into the corporate venture ecosystem Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday.  Chapters: 00:00 – Intro: How Startups Enter Nvidia's Orbit 01:20 – Meet Sydney Sykes: From NEA to Lightspeed to Nvidia 03:18 – What Sydney Does as Nvidia's VC Alliances Lead 04:20 – The AI Trends Nvidia Is Watching Across Verticals 07:47 – How Startups Can Enter the Nvidia Orbit 10:34 – What Nvidia's "Stamp of Approval" Actually Looks Like 12:56 – How Startups Get Noticed by Corporates (Beyond Nvidia) 15:18 – Does a Corporate Stamp Move VCs to Write Checks? 19:41 – Access, Black VC, and Gatekeeping in Venture Capital 30:20 – Procurement vs. Corporate VC vs. Traditional VC, Explained 38:28 – Final Advice for Founders Chasing Corporate Partnerships Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Building an AI startup is one thing. Raising one of the largest seed rounds of the year before launching a product is something else entirely. In this episode of Build Mode, host and Startup Battlefield lead Isabelle Johannesen sits down with Andrew Dai, founder and CEO of Elorian and former Google DeepMind researcher, to unpack how his company raised a $55 million seed round at a $300 million valuation before generating revenue or releasing a product. Andrew shares what investors saw in Elorian's vision for visual AI, how he approached fundraising after leaving Google DeepMind, and why choosing the right investors mattered more than maximizing valuation. He also offers practical advice for founders building in AI, explains why today's fundraising environment rewards clear storytelling over technical jargon, and shares what surprised him most as a first-time founder. They get into: How Elorian raised a $55 million seed round before launching a product Why visual AI is one of the next major frontiers in artificial intelligence What investors look for when backing frontier AI startups Why the highest valuation isn't always the best fundraising outcome How to pitch highly technical products to non-technical investors What founders should look for when choosing venture capital partners How to hire top AI talent away from Big Tech Why moving quickly matters more than ever in today's AI race How founders can build defensible AI companies as technology evolves Andrew's advice for first-time founders raising venture capital Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday.  Chapters: 00:00 Meet Andrew Dai: From DeepMind to Building Elorian 01:48 Why Visual AI Is the Next Frontier 04:50 Raising a $55M Seed With No Revenue 08:46 Landing Nvidia, Jeff Dean, and Top AI Investors 12:17 Managing the Pressure of a $300M Valuation 14:40 How AI Founders Should Pitch Investors 20:47 Hiring, Scaling, and Building a Frontier AI Company 27:00 Turning Down Bigger Offers & Advice for Future Founders Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Raising your first round has always been hard — but in today’s market, the rules are changing fast. In this episode of Build Mode, our host and Startup Battlefield lead Isabelle Johannesen sits down with Charles Hudson, Founder and Managing Partner of Precursor Ventures, to talk about what early-stage founders need to know before raising their first institutional round. Charles shares a candid look at how the venture landscape has shifted, why AI is changing what investors pay attention to, and how founders can better navigate fundraising when the old playbooks no longer apply. They get into: • Why raising pre-seed and seed funding feels harder right now• How AI is reshaping venture capital• What founders should know before choosing an investor• Why the highest valuation is not always the best deal• How to build momentum during a fundraise• Why storytelling and a strong blurb matter more than ever• What happens when a startup raises too much too soon• Why the biggest risk may not be a down round — but no round at all• How to think about whether venture capital is actually the right path Whether you're preparing to raise, currently fundraising, or just trying to understand how early-stage venture is changing, this conversation is packed with practical, honest advice for founders building in today’s market. Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday.  Chapters: 00:00 – The New Rules of Startup Fundraising 02:00 – What VCs Look for in First-Time Founders 08:50 – The Biggest Fundraising Mistakes Startup Founders Make 13:20 – Why Startup Valuations Are So Unpredictable in 2026 18:20 – Why Raising Too Much Money Can Hurt Your Startup 25:55 – Should Every Startup Raise Venture Capital? 29:20 – How to Choose the Right VC Investor 33:55 – Why Silicon Valley Still Gives Founders an Advantage 36:40 – How to Build Momentum During a Startup Fundraise Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

Startup fundraising is harder than ever, and Season 3 of Build Mode is here to help. Whether you're raising a seed round, preparing for Series A, pitching venture capital firms, negotiating a term sheet, or exploring alternatives to VC funding, this season is packed with practical advice from founders and investors who have successfully navigated the fundraising journey. Hosted by TechCrunch Startup Battlefield Editor Isabelle Johannessen, Build Mode is the TechCrunch podcast where founders, investors, and startup operators share honest conversations about what it really takes to build and finance a company. This season features Charles Hudson (Precursor Ventures), Andrew Dai (Elorian), Ashley Tyrner-Dolce (FarmboxRx), Kristina Subbotina (Lexsy AI), Sydney Sykes (NVIDIA), Xavier Chi (Mbodi), Jack Groetzinger (SeatGeek), Sasha Orloff (Puzzle), Everette Taylor (Kickstarter), Manan Mehta (Unshackled Ventures), Julia Hartz (Eventbrite), and more. Together, they cover topics including avoiding down rounds, raising capital in today's venture market, working with corporate venture capital, crowdfunding, startup financial readiness, fundraising as an immigrant founder, IPO lessons, and how to deliver a winning startup pitch. If you're an entrepreneur, startup founder, investor, or operator looking for actionable fundraising advice, this season is your playbook. New episodes begin July 9 and release every week on YouTube, Spotify, Apple Podcasts, and wherever you listen to podcasts. Subscribe now and learn how to raise capital, grow your startup, and build with confidence.

This week on Build Mode, we’re diving back into the archives for a special best-of episode all about venture capital. Host Isabelle Johannesen and producer Maggie Nye revisit conversations from past seasons to give founders a glimpse behind the VC curtain and a better understanding of what investors are really looking for. From choosing the right investors to building a differentiated go-to-market strategy, these venture capitalists and founder-turned-investors share hard-earned lessons on fundraising, portfolio dynamics, investor-founder relationships, and what separates the companies that successfully raise their next round from those that don't. In this episode, you'll hear from: ⁠Yuri Sagalov, managing director at General Catalyst⁠ ⁠Ross Fubini, managing partner at XYZ Venture Capital⁠ and Leslie Feinzaig, founder and general partner at Graham & Walker⁠ ⁠Paul Irving, partner at GTMfund⁠ ⁠Leah Solivan, founder of TaskRabbit and founder of Precedent VC⁠ Chapters: 00:00 Intro 01:19 Yuri Sagalov (General Catalyst): The three types of investors and who founders should avoid 03:29 Ross Fubini (XYZ VC) & Leslie Feinzaig (Graham & Walker): What great investors actually bring to the table 08:36 Paul Irving (GTMfund): The go-to-market signals investors look for 12:30 Leah Solivan (TaskRabbit / Precedent VC): Understanding the competition inside your investors' portfolios 14:30 Outro Subscribe to Build Mode on⁠ ⁠Apple Podcasts⁠⁠,⁠ ⁠Spotify⁠⁠, or⁠ ⁠wherever you like to listen⁠⁠. And watch the full videos on⁠ ⁠YouTube⁠⁠. New episodes of⁠ ⁠Build Mode⁠⁠ drop every Thursday. Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

This week on Build Mode, we’re diving back into the archives for a special best-of episode all about company culture. Host Isabelle Johannesen and producer Maggie Nye revisit some of the most insightful conversations from past seasons to explore how founders intentionally shape culture from day one and why the habits, values, and decisions of leadership have an outsized impact as companies scale. Guests share lessons on hiring for culture, developing strong leaders, building diverse teams, navigating layoffs with empathy, and creating workplaces where people can do their best work. From early-stage startups to high-growth companies, these founders reveal what they've learned about building cultures that last. In this episode, you'll hear from: Ian Schmidt, partner & consultant at Trimergence Hala Jawani, cofounder & CEO of Rivio Ayal Yogev, cofounder & CEO of Anjuna Leah Solivan, founder of TaskRabbit and founder of Precedent VC Jasper Carmichael-Jack, cofounder & CEO of Artisan Chapters: 00:00 Intro 01:22 Ian Schmidt (Trimergence): Why founders should invest in leadership and culture early 03:55 Hala Jawani (Riveo): Hiring leaders who can scale culture 05:22 Eyal Yogev (Anjuna): Why culture is built through a thousand small decisions 08:51 Leah Solivan (TaskRabbit / Precedent VC): Building diverse teams from day one 13:15 Jasper Carmichael-Jack (Artisan): How AI could reshape workplace culture 15:45 Outro Subscribe to Build Mode on ⁠Apple Podcasts⁠, ⁠Spotify⁠, or ⁠wherever you like to listen⁠. And watch the full videos on ⁠YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday. Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.