Network Effects, Building Consumer Tech Startups | Sameer Singh - SpeedInvest | Svagat Show Ep. 7

Sameer Singh and Rishabh discuss network effects, and consumer tech startups in Europe. Sameer is a Venture Partner at SpeedInvest, and an angel who's part of the Atomico Angel Program. He is a thought leader in the network effects space and writes about it at Breadcrumb.vc as well as runs a course on it on Reforge.

Tune in to the show to listen to:

What are AI enabled marketplaces?

Why Cazoo and 15 min grocery companies don't have network effects. Why virality isn't the same as network effects

Why Roblox is one of the greatest network effects business to have come out in the last decade?

The lack of funding options for consumer tech companies at the earliest stages

Why growth metrics don't matter at seed? What are European investors doing wrong when it comes to consumer tech.

Why most consumer tech ideas are "accidental"

The rise of Indians in tech in Europe

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Rishabh Kaul, Founder, Svagat & Host, The Svagat Show
Twitter: https://x.com/rishabhkaul
Linkedin: https://linkedin.com/in/rishabhkaul
Instagram: https://instagram.com/rishabhkaul

Follow Sameer Singh:
Linkedin: https://www.linkedin.com/in/sameer-singh-1ba0177
Twitter: https://x.com/sameer_singh17
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0:00 - Precap
1:25 - AI-Enabled Marketplaces
6:45 - Sameer's journey into network effects and angel investing
11:04 - Misconceptions about network effects
16:31 - Roblox's multi layer network effects
19:30 - How does one start a consumer tech company?
20:57 - Disagreeing with Chris Dixon
24:11 - Don't reach out to VCs for first raise
26:18 - Metrics used to evaluate at seed
29:00 - At seed stage growth doesn't matter
32:25 - Who's investing at pre-seed in consumer?
35:33 - Is D2C fit in the VC model?
37:06 - Valuing consumer tech
40:37 - Meteoric rise of Indians in tech in Europe
47:10 - The case for London for Indian immigrants

Hi, I am your host Rishabh Kaul! I have been an entrepreneur, operator and investor in early stage technology entrepreneurship. I have been in the UK since 2020, after having worked in India and the US. Since Feb 2024 - I've been building Svagat - a community for Indian operators and founders in Europe.

I've been amazed by the incredible things Indians are doing in Europe - yet was surprised at a lack of coverage for these stories. The Svagat Show is my attempt to highlight the high achieving Indians in Europe through deep hour long conversations.

Follow #Svagat on social media platforms:
Twitter: https://twitter.com/svagat_
Linkedin: https://www.linkedin.com/company/svagat
Website: https://svagat.simple.ink
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#AI-enabled #marketplaces #networkeffects, #consumertech #fundraising #userbehavior #engagement #reforge #pmf