The Founder Initiative

[VC Pitch] Hustle Fund's GP, Eric Bahn & Feather Robotics's CEO, Hoa Mai

Episode Summary

🎙️ Top 5 Unique Learnings from This Podcast 1️⃣ The “What If It All Goes Right” Test Founders must paint a bold vision for their startup. The VC’s key question: 👉 What happens if everything goes right? Don’t just pitch a product. Sell the future where your solution changes the world. 2️⃣ Pre-Selling = Proof, Not Just Hype Pre-selling (getting LOIs, early orders, deposits) is a game-changer, especially for hardware. It shows there’s real demand—and real cash—before you even build. Pre-selling can unlock VC confidence, overcome market biases, and de-risk the business. 3️⃣ VCs Care About Sales Hustle as Much as Product In today’s world, building a great product is becoming a commodity. Sales and distribution are the true differentiators. Founders who can sell—not just build—will win. 4️⃣ Hardware is a Bias—Not a Dealbreaker Most VCs have been burned by hardware, so it’s your job to: ✅ Acknowledge their fears (supply chain risk, dilution, long cycles) ✅ Show how you’re de-risking the business ✅ Present a hybrid strategy (hardware + software + services) ✅ Prove you’ve done the research 5️⃣ VC Incentives Aren’t Fully Aligned with Founders Many VCs chase paper markups (TVPI, IRR) and push founders to raise faster than necessary—sometimes for the VC’s benefit, not the company’s. Understand this dynamic so you can stay in control of your company’s trajectory. TIMESTAMPS (00:00:20) Revolutionizing Robotics with Integrated Hardware and Software (00:03:43) Synergy in Robotics: Hardware-Software Collaboration (00:08:30) Leveraging Manufacturing Integrators to Penetrate Markets (00:10:34) Market Interest Generation for Startup Success (00:12:57) Household Robotics: Integrating Robots into Daily Life (00:15:57) Monetizing Robotics Services Through Unique API Tasks (00:27:53) Emotional Connection Driving Founders' Missions (00:30:59) Balancing Feedback and Confidence in Startup Founders (00:33:54) Instant $150,000 Investment: Hustle Fund Pitch