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Build Mode episodes

  • Why SeatGeek walked away from going public with Jack Groetzinger

    SeatGeek didn't become one of the biggest names in ticketing by following the playbook. It started as a simple ticket search engine on the TechCrunch 50 stage (now known as TechCrunch Battlefield) and took on the industry’s massive incumbents by expanding its vision, surviving industry-defining challenges, and convincing investors that even a monopoly could be disrupted.

    In this episode of Build Mode, host and Startup Battlefield lead Isabelle Johannesen sits down with Jack Groetzinger, co-founder and CEO of SeatGeek, to unpack the company's 17-year journey from startup to industry leader. Jack shares how SeatGeek raised nearly $400 million in venture capital, why he believes founders should think about expanding rather than pivoting, what it was like fundraising during the COVID-19 shutdown of live events, and why the company ultimately walked away from its planned SPAC. He also explains how founders can convince investors to back them against an entrenched incumbent, why your first hires define your company's future, and how AI is reshaping the future of live entertainment and ticketing.

    They get into:

    • Why SeatGeek chose to compete with Ticketmaster and how investors evaluated that opportunity

    • How SeatGeek survived COVID and closed its hardest fundraising round during the pandemic

    • Why passionate customers can become your best fundraising asset

    • The hiring mistakes Jack wishes he could undo and why your first employees shape company culture

    • How AI is transforming ticketing, live entertainment, and the fan experience

    • Jack Groetzinger's advice for founders building companies that challenge established incumbents

    • Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday. 

      Chapters:

      • 00:00 – Intro: How SeatGeek Took on Ticketmaster

      • 01:09 – From Startup Battlefield to Building SeatGeek

      • 04:03 – Finding Product-Market Fit in a Broken Ticketing Industry

      • 05:54 – Why SeatGeek Expanded Instead of Pivoting

      • 07:14 – Raising Nearly $400M and Surviving the Hardest Fundraise During COVID

      • 10:46 – Why SeatGeek Walked Away from Its SPAC IPO

      • 13:57 – How to Raise Money Against a Monopoly Like Ticketmaster

      • 17:02 – The Hiring Mistakes That Nearly Hurt SeatGeek's Culture

      • 19:08 – How AI Will Transform Live Entertainment and Ticketing

      • 22:19 – Regulation, Competition, and Jack Groetzinger's Advice for Founders

      • Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams. 


        27 min
      • Nvidia's Sydney Sykes on Winning Corporate Venture Capital Deals

        Building a great product is one thing. Getting a company like Nvidia to put its name behind it is something else entirely.

        In this episode of Build Mode, host and Startup Battlefield lead Isabelle Johannesen sits down with Sydney Sykes, who leads global venture capital alliances and partnerships at Nvidia, to unpack how startups break into the Nvidia ecosystem and what a corporate venture capital partnership actually looks like once they're in.

        Sydney explains how founders can get on Nvidia's radar through programs like Nvidia Inception, why strategic alignment matters more than a slick pitch deck, and how corporate venture capital differs from traditional venture capital when it comes to fundraising, diligence, and deal terms. Drawing on her experience as an investor at NEA and Lightspeed Venture Partners, and as co-founder of BLCK VC, she also discusses access and representation in venture capital and how the AI boom is reshaping who gets funded. She closes with practical fundraising advice for founders hoping to build lasting relationships with corporate VCs like Nvidia.

        They get into:

        • How a startup can "enter the Nvidia orbit" through the Nvidia Inception program

        • What Nvidia looks for before offering its stamp of approval to an AI startup

        • Corporate venture capital vs. traditional venture capital: what founders need to know

        • Why a corporate VC checks for strategic relevance, not just financial upside

        • How to pitch the same startup differently to a corporate VC vs. an institutional VC

        • Why founders should build their cap table like a puzzle, not a popularity contest

        • How the AI boom is lowering barriers to entrepreneurship — and where old barriers remain

        • Why Sydney believes VCs should pay closer attention to energy and data center infrastructure

        • How Black VC is expanding access and education across the venture capital industry

        • Sydney Sykes' advice for founders trying to break into the corporate venture ecosystem

        • Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday. 

          Chapters:

          • 00:00 – Intro: How Startups Enter Nvidia's Orbit

          • 01:20 – Meet Sydney Sykes: From NEA to Lightspeed to Nvidia

          • 03:18 – What Sydney Does as Nvidia's VC Alliances Lead

          • 04:20 – The AI Trends Nvidia Is Watching Across Verticals

          • 07:47 – How Startups Can Enter the Nvidia Orbit

          • 10:34 – What Nvidia's "Stamp of Approval" Actually Looks Like

          • 12:56 – How Startups Get Noticed by Corporates (Beyond Nvidia)

          • 15:18 – Does a Corporate Stamp Move VCs to Write Checks?

          • 19:41 – Access, Black VC, and Gatekeeping in Venture Capital

          • 30:20 – Procurement vs. Corporate VC vs. Traditional VC, Explained

          • 38:28 – Final Advice for Founders Chasing Corporate Partnerships

          • Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

            44 min
          • How Elorian AI pulled off a $300M pre-seed valuation with Andrew Dai

            Building an AI startup is one thing. Raising one of the largest seed rounds of the year before launching a product is something else entirely.

            In this episode of Build Mode, host and Startup Battlefield lead Isabelle Johannesen sits down with Andrew Dai, founder and CEO of Elorian and former Google DeepMind researcher, to unpack how his company raised a $55 million seed round at a $300 million valuation before generating revenue or releasing a product.

            Andrew shares what investors saw in Elorian's vision for visual AI, how he approached fundraising after leaving Google DeepMind, and why choosing the right investors mattered more than maximizing valuation. He also offers practical advice for founders building in AI, explains why today's fundraising environment rewards clear storytelling over technical jargon, and shares what surprised him most as a first-time founder.

            They get into:

            • How Elorian raised a $55 million seed round before launching a product

            • Why visual AI is one of the next major frontiers in artificial intelligence

            • What investors look for when backing frontier AI startups

            • Why the highest valuation isn't always the best fundraising outcome

            • How to pitch highly technical products to non-technical investors

            • What founders should look for when choosing venture capital partners

            • How to hire top AI talent away from Big Tech

            • Why moving quickly matters more than ever in today's AI race

            • How founders can build defensible AI companies as technology evolves

            • Andrew's advice for first-time founders raising venture capital

            • Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday. 

              Chapters:

              00:00 Meet Andrew Dai: From DeepMind to Building Elorian

              01:48 Why Visual AI Is the Next Frontier
              04:50 Raising a $55M Seed With No Revenue
              08:46 Landing Nvidia, Jeff Dean, and Top AI Investors
              12:17 Managing the Pressure of a $300M Valuation
              14:40 How AI Founders Should Pitch Investors
              20:47 Hiring, Scaling, and Building a Frontier AI Company
              27:00 Turning Down Bigger Offers & Advice for Future Founders


              Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.


              36 min
            • The New Rules of Early-Stage Fundraising with Charles Hudson

              Raising your first round has always been hard — but in today’s market, the rules are changing fast.

              In this episode of Build Mode, our host and Startup Battlefield lead Isabelle Johannesen sits down with Charles Hudson, Founder and Managing Partner of Precursor Ventures, to talk about what early-stage founders need to know before raising their first institutional round.

              Charles shares a candid look at how the venture landscape has shifted, why AI is changing what investors pay attention to, and how founders can better navigate fundraising when the old playbooks no longer apply.

              They get into:

              • Why raising pre-seed and seed funding feels harder right now• How AI is reshaping venture capital• What founders should know before choosing an investor• Why the highest valuation is not always the best deal• How to build momentum during a fundraise• Why storytelling and a strong blurb matter more than ever• What happens when a startup raises too much too soon• Why the biggest risk may not be a down round — but no round at all• How to think about whether venture capital is actually the right path

              Whether you're preparing to raise, currently fundraising, or just trying to understand how early-stage venture is changing, this conversation is packed with practical, honest advice for founders building in today’s market.

              Subscribe to Build Mode on⁠ Apple Podcasts⁠, ⁠Spotify⁠, or⁠ wherever you like to listen⁠. And watch the full videos on⁠ YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday. 

              Chapters:

              00:00 – The New Rules of Startup Fundraising

              02:00 – What VCs Look for in First-Time Founders

              08:50 – The Biggest Fundraising Mistakes Startup Founders Make

              13:20 – Why Startup Valuations Are So Unpredictable in 2026

              18:20 – Why Raising Too Much Money Can Hurt Your Startup

              25:55 – Should Every Startup Raise Venture Capital?

              29:20 – How to Choose the Right VC Investor

              33:55 – Why Silicon Valley Still Gives Founders an Advantage

              36:40 – How to Build Momentum During a Startup Fundraise

              Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.


              42 min
            • Build Mode: Inside the Fundraise

              Startup fundraising is harder than ever, and Season 3 of Build Mode is here to help. Whether you're raising a seed round, preparing for Series A, pitching venture capital firms, negotiating a term sheet, or exploring alternatives to VC funding, this season is packed with practical advice from founders and investors who have successfully navigated the fundraising journey.

              Hosted by TechCrunch Startup Battlefield Editor Isabelle Johannessen, Build Mode is the TechCrunch podcast where founders, investors, and startup operators share honest conversations about what it really takes to build and finance a company. This season features Charles Hudson (Precursor Ventures), Andrew Dai (Elorian), Ashley Tyrner-Dolce (FarmboxRx), Kristina Subbotina (Lexsy AI), Sydney Sykes (NVIDIA), Xavier Chi (Mbodi), Jack Groetzinger (SeatGeek), Sasha Orloff (Puzzle), Everette Taylor (Kickstarter), Manan Mehta (Unshackled Ventures), Julia Hartz (Eventbrite), and more. Together, they cover topics including avoiding down rounds, raising capital in today's venture market, working with corporate venture capital, crowdfunding, startup financial readiness, fundraising as an immigrant founder, IPO lessons, and how to deliver a winning startup pitch.

              If you're an entrepreneur, startup founder, investor, or operator looking for actionable fundraising advice, this season is your playbook. New episodes begin July 9 and release every week on YouTube, Spotify, Apple Podcasts, and wherever you listen to podcasts. Subscribe now and learn how to raise capital, grow your startup, and build with confidence.


              1 min
            • Best of Build Mode: Think like a VC

              This week on Build Mode, we’re diving back into the archives for a special best-of episode all about venture capital. Host Isabelle Johannesen and producer Maggie Nye revisit conversations from past seasons to give founders a glimpse behind the VC curtain and a better understanding of what investors are really looking for.

              From choosing the right investors to building a differentiated go-to-market strategy, these venture capitalists and founder-turned-investors share hard-earned lessons on fundraising, portfolio dynamics, investor-founder relationships, and what separates the companies that successfully raise their next round from those that don't.

              In this episode, you'll hear from:

              • ⁠Yuri Sagalov, managing director at General Catalyst⁠

              • ⁠Ross Fubini, managing partner at XYZ Venture Capital⁠ and Leslie Feinzaig, founder and general partner at Graham & Walker⁠

              • ⁠Paul Irving, partner at GTMfund⁠

              • ⁠Leah Solivan, founder of TaskRabbit and founder of Precedent VC⁠

                Chapters:

                00:00 Intro

                01:19 Yuri Sagalov (General Catalyst): The three types of investors and who founders should avoid

                03:29 Ross Fubini (XYZ VC) & Leslie Feinzaig (Graham & Walker): What great investors actually bring to the table

                08:36 Paul Irving (GTMfund): The go-to-market signals investors look for

                12:30 Leah Solivan (TaskRabbit / Precedent VC): Understanding the competition inside your investors' portfolios

                14:30 Outro

                Subscribe to Build Mode on⁠ ⁠Apple Podcasts⁠⁠,⁠ ⁠Spotify⁠⁠, or⁠ ⁠wherever you like to listen⁠⁠. And watch the full videos on⁠ ⁠YouTube⁠⁠. New episodes of⁠ ⁠Build Mode⁠⁠ drop every Thursday. Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams. 


                17 min
              • Best of Build Mode: Scaling Company Culture

                This week on Build Mode, we’re diving back into the archives for a special best-of episode all about company culture. Host Isabelle Johannesen and producer Maggie Nye revisit some of the most insightful conversations from past seasons to explore how founders intentionally shape culture from day one and why the habits, values, and decisions of leadership have an outsized impact as companies scale.

                Guests share lessons on hiring for culture, developing strong leaders, building diverse teams, navigating layoffs with empathy, and creating workplaces where people can do their best work. From early-stage startups to high-growth companies, these founders reveal what they've learned about building cultures that last.

                In this episode, you'll hear from:

                • Ian Schmidt, partner & consultant at Trimergence

                • Hala Jawani, cofounder & CEO of Rivio

                • Ayal Yogev, cofounder & CEO of Anjuna

                • Leah Solivan, founder of TaskRabbit and founder of Precedent VC

                • Jasper Carmichael-Jack, cofounder & CEO of Artisan

                  Chapters:

                  00:00 Intro

                  01:22 Ian Schmidt (Trimergence): Why founders should invest in leadership and culture early

                  03:55 Hala Jawani (Riveo): Hiring leaders who can scale culture

                  05:22 Eyal Yogev (Anjuna): Why culture is built through a thousand small decisions

                  08:51 Leah Solivan (TaskRabbit / Precedent VC): Building diverse teams from day one

                  13:15 Jasper Carmichael-Jack (Artisan): How AI could reshape workplace culture

                  15:45 Outro

                  Subscribe to Build Mode on ⁠Apple Podcasts⁠, ⁠Spotify⁠, or ⁠wherever you like to listen⁠. And watch the full videos on ⁠YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday. Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams.

                  19 min
                • Best of Build Mode: The Founder Mistakes That Cost Time, Money, and Growth

                  This week on Build Mode, we’re diving back into the archives for a special best-of episode all about startup mistakes, hard-earned lessons, and the decisions founders wish they’d made differently.

                  Host Isabelle Johannesen and producer Maggie Nye revisit some of the most insightful conversations from past seasons to explore the missteps that shaped successful companies. Guests share candid stories about chasing product-market fit, making hiring mistakes, navigating investor expectations, managing hypergrowth, building company infrastructure, and learning what really matters in the early days of a startup.

                  In this episode, you’ll hear from:

                  • Deon Nicholas, cofounder & former CEO of Forethought AI and co-founder of Espa Labs

                  • Jasper Carmichael-Jack, cofounder & CEO of Artisan

                  • Yuri Sagalov, partner at General Catalyst

                  • Isaiah Granet, cofounder & CEO of Bland

                  • Ayal Yogev, founder & CEO of Anjuna

                  • Sarah Lucena, founder & CEO of Mappa

                    Whether you’re building your first startup, hiring your early team, fundraising, or figuring out how to scale sustainably, this episode is packed with practical advice and honest reflections from founders and investors who learned these lessons the hard way.

                    Chapters:

                    00:00 Intro

                    02:20 Deon Nicholas (Forethought, Espa Labs): Product-market fit, iteration, and why your first product probably won’t work

                    05:45 Jasper Carmichael-Jack (Artisan): Hiring mistakes, logo shopping, and finding the right people

                    09:30 Yuri Sagalov (General Catalyst): Founder commitment, investor signals, and avoiding non-standard company structures

                    12:35 Isaiah Granet (Bland): Equity grants, payroll headaches, and taking care of early employees

                    17:25 Ayal Yogev (Anjuna): Overhiring, market shifts, and lessons from the 2022 downturn

                    22:55 Sarah Lucena (Mappa): Why every founder needs a great lawyer

                     Subscribe to Build Mode on ⁠Apple Podcasts⁠, ⁠Spotify⁠, or ⁠wherever you like to listen⁠. And watch the full videos on ⁠YouTube⁠. New episodes of ⁠Build Mode⁠ drop every Thursday. Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams. 

                    Apply to Startup Battlefield: We are looking for early-stage companies that have an MVP. So nominate a founder (or yourself): ⁠techcrunch.com/apply⁠. Be sure to say you heard about Startup Battlefield from the Build Mode podcast.

                    28 min
                  • Best of Build Mode: Cofounders, Conflict and Compatibility

                    This week on Build Mode, we’re diving back into the archives for a special best-of episode all about effective partnerships, from cofounder relationships and team trust to investor dynamics and leadership communication.

                    Host Isabelle Johannesen and producer Maggie Nye revisit some of the most insightful conversations from past seasons to explore what makes startup partnerships actually work. Guests share candid stories about finding cofounders online, navigating founder breakups, building trust inside fast-growing teams, balancing marriage and business, choosing the right investors, and learning when compatibility matters more than credentials.

                    In this episode, you’ll hear from:

                    • Jasper Carmichael-Jack, cofounder & CEO of Artisan

                    • Ian Schmidt, partner & consultant at Trimergence

                    • Hala Jawani and Alessio Trestani, cofounders of Rivio

                    • Leah Solivan, founder of TaskRabbit

                    • Ross Fubini, managing partner at XYZ Venture Capital and Leslie Feinzaig, founder & CEO of Graham & Walker

                    • Sarah Lucena, founder & CEO of Mappa

                      Whether you’re searching for the right cofounder, managing conflict on your team, scaling as a solo founder, or building relationships with investors, this episode is packed with practical advice and honest founder lessons from people who’ve lived it.

                      Chapters:

                      00:00  Intro: 

                      01:00 Jasper Carmichael-Jack (Artisan): Meeting a cofounder online and navigating a founder breakup

                      04:20 Ian Schmidt (Trimergence): Frameworks for conflict resolution, communication, and team trust

                      08:15  Hala Jawani & Alessio Cristante (Riveo): Building a startup as married cofounders

                      10:20 Leah Solivan (TaskRabbit): Transitioning leadership and building executive trust

                      12:30 Ross Fubini (XYZ Ventures) & Leslie Feinzaig (Graham & Walker): Choosing the right investors and building your cap table

                      16:05 Sarah Lucena (Mapa): Compatibility, investor alignment, and finding the right people


                       Subscribe to Build Mode on Apple Podcasts, Spotify, or wherever you like to listen. And watch the full videos on YouTube. New episodes of Build Mode drop every Thursday. Hosted by Isabelle Johannessen. Produced and edited by Maggie Nye. Audience development led by Morgan Little. Special thanks to the Foundry and Cheddar video teams. 

                      Apply to Startup Battlefield: We are looking for early-stage companies that have an MVP. So nominate a founder (or yourself): techcrunch.com/apply. Be sure to say you heard about Startup Battlefield from the Build Mode podcast. 

                      21 min
                    • The 7-Failure Rule: How Forethought AI Found Product-Market Fit with Co-Founder Deon Nicholas

                      This week we're sharing our very first episode with Deon Nicholas, the co-founder and CEO of Forethought AI.


                      In this episode, Nicholas shares how he built a company that puts customers (not hype) at the center. He unpacks his “7-Failure Rule,” the early experiments that shaped Forethought’s success, and why conviction should always come from your users, not your investors.


                      00:00 Intro

                      01:23 The Founder Journey: Adapting Every 6-9 Months
                      05:33 From AI Research to Solving Business Problems
                      11:12 Finding Your Customer: The Importance of User Conversations
                      18:22 Building Demos and Landing First Paying Customers
                      25:12 The Seven Failure Rule for Product Market Fit
                      30:38 Preparing for and Winning TechCrunch Disrupt
                      35:16 The Reality of Fundraising and Chasing Metrics
                      39:07 Navigating Competition in Customer Service AI
                      43:03 Stepping into Chairman and What's Next
                      44:57 Outro

                      46 min

                    About Build Mode

                    From the publisher's feed

                    On Build Mode, TechCrunch's Startup Battlefield Editor Isabelle Johannessen cuts through the startup mythology to uncover how founders survive the brutal early days, navigate impossible funding…

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