From Seed to $550M: Why We Invested in Motion App

This is the story of how we made our first angel investment into the Y-Combinator startup Motion (YC W20) (AKA usemotion), all without having any YC access or traditional VC experience. You'll hear snippets of two recorded calls from 2021 with Motion's Co-Founder & CEO Harry Qi, and Victor Wang (Partner at HOF Capital), both of whom helped show us the ropes to the world of angel investing and VC. This initial angel investment kicked into Motion 😉 our journey into the VC space—leading to 18 subsequent startup investments (in just the first year alone), 26 to-date. If you're curious how one breaks into the VC and angel investing world (just as we were), we think you'll leave this episode knowing exactly what it takes, and also take from it tips of how you too can get access to the best deals (yes, even YC companies). We've done our best to document our unconventional and non-traditional journey along the way to share it with you in vivid detail. This how A-Team started Efficient VC (https://efficientvc.com) THANK YOU TO OUR SPONSOR 🫶 GET 1 FREE MONTH OF SUPERHUMAN MAIL ↳ https://efficient.link/r/superhuman?ref=youtube&utm_source=youtube&utm_medium=description&utm_campaign=ateam+ep2&utm_term=2023 SOFTWARE MENTIONED 🚀 ↳ Motion: https://efficient.link/r/motion?ref=youtube&utm_source=youtube&utm_medium=description&utm_campaign=ateam+ep2&utm_term=2023&sid1=youtube&sid2=ateam+ep2&sid3=2023 (Get 7 days free) ↳ Superhuman Mail: https://efficient.link/r/superhuman?ref=youtube&utm_source=youtube&utm_medium=description&utm_campaign=ateam+ep2&utm_term=2023 (Get 30 days free) ↳ Sandhill Markets: https://efficient.link/r/sandhill?ref=youtube&utm_source=youtube&utm_medium=description&utm_campaign=ateam+ep2&utm_term=2023 ↳ Learn more about the best software & apps: https://efficient.app?ref=youtube&utm_source=youtube&utm_medium=description&utm_campaign=ateam+ep2&utm_term=2023 The Stories (Timestamps): 0:00 - Intro 1:19 - Angel investing dream 4:24 - Finding Motion 9:48 - Product feedback & geeking out 12:29 - "I want to angel invest, but how?" 14:58 - How do you invest in a YC startup? 18:47 - Superhuman Mail (Sponsor) 20:14 - Getting Andra (wife) onboard 22:12 - If this goes to 0, will you regret it? 23:19 - Advice from Victor Wang (HOF) 24:41 - Harry’s story (Motion CEO) 30:38 - Angel investing strategy 32:16 - Call w/ Motion CEO (Harry) 38:23 - What is a SAFE agreement? 39:58 - Marry me to invest? 46:14 - Wiring funds 49:32 - 18 investments in first year 50:25 - A nontraditional engagement 51:32 - Sandhill Markets 53:36 - Sneak peeks ALL EPISODES 🎥 • EP. 0: https://youtu.be/cBk-HVtpu5A • EP. 1: https://youtu.be/4q3W2QFrcK8 ▶EP. 2: https://youtu.be/YamC4Rx9NFo • EP. 3: https://youtu.be/9sFNbIRPYd0 • EP. 4: https://youtu.be/9eWAMs_cYR0 • EP. 5: https://youtu.be/wnnSVeEyckE • EP. 6: https://youtu.be/ltKXEeJ9Quk • EP. 7: https://youtu.be/WWdof72xObQ PODCAST 🎙️ ↳ Prefer listening on your favorite podcast app instead? ↳ https://ateam.efficient.app ↳ Review us on Apple Podcasts: https://efficient.link/ateam/review ↳ Sign up for Transistor: https://efficient.link/r/transistor?ref=youtube&utm_source=youtube&utm_medium=description&utm_campaign=ateam+ep2&utm_term=2023 (Free trial) Who we are: https://efficient.link/about?ref=youtube&utm_source=youtube&utm_medium=description&utm_campaign=ateam+ep2&utm_term=2023 *Affiliate/Investment Disclosure: Many links used above and across our channel are affiliate links and we may or may not get commission depending. Purchasing through the link helps us to continue creating content and does not impact the outcome of our opinions in our videos. We occasionally get the opportunity to invest in some of our favorite tools, this does not impact the outcome of our opinions. You can read more and learn which software we've invested in here: https://efficient.link/about