Rohit Krishna’s Post

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General Partner at WEH Ventures I Pre-seed & Seed

Yesterday, Cord Jefferson won the Oscar for the Best adapted screenplay trumping Barbie and Oppenheimer for the same category, and this was his directorial debut! In his speech he calls out, "A lot of people passed on this film and hey I understand this is a risk-averse industry, but you know what $200mn movies are a risk too and it doesn't always work out in the end, but you end up taking the risk anyway. Instead of making one $200mn movie, try making twenty $10mn movies...I promise you the next Christopher Nolan or Martin Scorsese is out there, they just need a shot" Yesterday, there was also a story on capital being returned to investors by Fashinza and Virgio for not able to find PMF after raising and burning through a ton of money. Interestingly, in venture as well, 'second-time entrepreneurs' or 'proven founders' are supposed to be less risky so they get enormous seed rounds. What's true for Hollywood is true for venture as well, $10mn seed rounds are not less risky than a $1mn round. We, at WEH Ventures, believe & invest in first time entrepreneurs or what we call, 'emerging founders' those who have some previous work experience in a startup (which helps in giving them perspective on how startups could be run) but haven't yet started on their own. Average age of our founding team is 26. We believe in scouting for the 'venture version' of the next 'Christopher Nolan' or 'Martin Scorsese'! #hollywood #venturecapital #oscars2024 https://lnkd.in/gQCySez8

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