OneSixOne Ventures
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- HQ
- Seattle, Washington, USA
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- Venture capital, Events
Seattle VCs Greg Gottesman and Matt McIlwain Urge Startups to Rethink Defensibility Amid Rapid AI Advancements
Seattle venture capitalists Greg Gottesman and Matt McIlwain emphasized at Seattle Venture Day that startups must develop new defensibility strategies, like 'reasoning flywheels,' to survive rapid scaling and vulnerability in the AI era. They advise founders to move beyond traditional intellectual property moats and focus on unique data, engagement, and workflows.
Seattle Startup Gone.com Raises $6.3M to Provide Free Used Item Pickup and Resale Marketplace
Seattle startup Gone.com raised $6.3 million to offer free pickups of used items for resale through AI-driven logistics and pricing, operating both online and in a Renton storefront. Founded by former Amazon and OfferUp leaders, the company aims to streamline the secondhand goods economy by converting unwanted items into resale value.
Madrona Managing Director Matt McIlwain Shares 'Triangle' Model to Assess Startup Founders and Pitches
Madrona Managing Director Matt McIlwain explained his 'triangle' model for evaluating startup pitches, focusing on the problem's existence, timing, the product, and founder-market fit. He emphasized the importance of founders' dedication, understanding of timing, and adaptability in successfully backing startups.
