YZ Yuanzhe Fu + YY Yuyan Wang, founders of YUVC are excited to have Lewis Hong 洪力德, Founding Partner at FP Solutions on the YUVC Podcast.

Previously:

Sr. Operation Leader, Launch Vehicle at SpaceX
Director of Manufacturing and Operations at Romeo Power, which was later acquired by Nikola Motor

Highlights:

YZ: Did you go to Stanford because you wanted to start something?
Lewis: It's not you who choose Stanford, but the other way around. Startup and VC weren't obvious when I went to Stanford.
YZ: How to value an early-stage startup without metrics?
Lewis: Like all the negotiations, it is case by case. It depends on how much bargaining power you have. Since it's that early, we care not that much about valuation. Whether it could win eventually matters more - then the difference is like 30x vs 25x.
YY: When do first principles fail?
Lewis: First principles give you a guideline. It takes execution. The gap persists.

Chapters:

00:19 Social Media
00:57 Joining SpaceX in 2012
03:21Work-life Balance at SpaceX?
05:41 Inside Elon's Brain
06:38 Leaving SpaceX
09:05 FP Solutions VC
09:44 Idiot Index
12:02 Android for SpaceX
13:07 Timing Issue Founding a VC
14:43 Founders Lewis Love
17:39 Founders Lewis Hate
18:50 Founder-VC Dynamics
23:10 Early-stage Startup Valuation
24:33 Best Pitch
25:18 Silicon Vallley
26:38 Chinese VCs
27:24 Stanford
27:38 Garry Tan

Links:

YouTube
Apple Podcast
Spotify
RED
Bilibili

Talk to YUVC： https://open.firstory.me/user/clu0vzxex0qat01vncefi0w1s/comments

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YUVC#3 - Lewis Hong@FP Solutions VC: 7 Years Working with Elon Musk, Android for Space, First Principles Could Fail

Why You Venture Capital (YUVC)