(57 min.) How did you recruit street teams online, do you have a message board, email or something if you want to join? That’s it, if you want to help out and put flyers in stores we’ll get you in for free and send you stuff, you’ll be on our team. That is how he met Steve Wozniak.

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TWiST Best Question with Roelof Botha

(06:58) What is the proper amount in your estimation for a startup to have in the bank how many months of cash? 3 or more years is better, but if you need to spend to meet key milestones and shrink your runway to 18 to 24 months it may make more capital easier to obtain at better terms and the founders are left with more ownership of the company.  Sequoia’s goal is to target 50% ownership for “the people in the building” upon exit any less is not great.

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