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Equity

This VC charges $0 for PR, and has 12 unicorns to show for it

32 min episode · 2 min read
·
Masha Bucher

Episode

32 min

Read time

2 min

Topics

Career Growth, Investing, Startups

AI-Generated Summary

Key Takeaways

  • PR-VC Integration: Day One invests first, then provides free communications support, eliminating the misaligned incentives of traditional PR retainers where agencies charge $10-30K monthly for six months to get one announcement, slowing progress to extend contracts.
  • Founder Selection Criteria: Look for anomalies rather than patterns—exceptional founders who wouldn't survive psychologically without building their company. Assess moral compass through extensive reference checks and data room access before introducing them to media or community.
  • Modern Communications Cadence: Companies now need weekly momentum versus two annual announcements a decade ago. Founders must maintain presence across X, LinkedIn, Instagram, and traditional media simultaneously to sustain recruiting, fundraising, and customer acquisition in the attention economy.
  • Announcement Impact Metrics: Owner.com's Series A Wall Street Journal story generated 700 job applications in 12 hours and triggered a preempted Series B round, demonstrating how strategic communications directly unlocks recruiting pipelines and accelerates fundraising when tied to business goals.

What It Covers

Masha Bucher, founder of Day One Ventures, explains her VC plus PR model that helped create 12 unicorns from 100+ investments by providing free communications support integrated with seed-stage funding and deep business diligence.

Key Questions Answered

  • PR-VC Integration: Day One invests first, then provides free communications support, eliminating the misaligned incentives of traditional PR retainers where agencies charge $10-30K monthly for six months to get one announcement, slowing progress to extend contracts.
  • Founder Selection Criteria: Look for anomalies rather than patterns—exceptional founders who wouldn't survive psychologically without building their company. Assess moral compass through extensive reference checks and data room access before introducing them to media or community.
  • Modern Communications Cadence: Companies now need weekly momentum versus two annual announcements a decade ago. Founders must maintain presence across X, LinkedIn, Instagram, and traditional media simultaneously to sustain recruiting, fundraising, and customer acquisition in the attention economy.
  • Announcement Impact Metrics: Owner.com's Series A Wall Street Journal story generated 700 job applications in 12 hours and triggered a preempted Series B round, demonstrating how strategic communications directly unlocks recruiting pipelines and accelerates fundraising when tied to business goals.

Notable Moment

Bucher reveals she conducts psychoanalysis five to seven times weekly for five years, using this practice to study human psychology and identify exceptional founders who represent anomalies rather than fitting common venture capital pattern-matching frameworks.

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Episode Transcript

Ready to ship AI that works? Start building at mongodp.com/build. Hello, and welcome back to Equity TechCrunch's flagship podcast about the business of startups. I'm Rebecca Balan, and this is the episode where we bring on industry experts to help us explore a trend in the tech world and dive deep. Today, we're joined by Masha Bucher, founder and GP of Day One Ventures and also well known as the VC queen of portfolio PR. For those who don't know, Day One was an early investor in start ups like Sam Altman's World, Superhuman, remote.com. The VC firm is known for its VC plus PR model and hands on support for startups, which we'll be getting into on the show today. So, Masha, welcome. Thanks for coming. Thanks for having me, Rebecca. Big fan of the show. Yeah. So happy to have you here. So you founded Day One Ventures in 2018. You've already grown from, what was it, 11,000,000 then to 450,000,000. It's a bit bigger than this. We're not supposed to pronounce it. Our lawyers wouldn't be happy, as well as regulator, but it's over this number you just mentioned. It's a couple nine numbers in AUM. Okay. Great. Good to know. You have described yourself as both a VC and an artist. You've got this background in PR. You started your first firm when you were 18, I believe. What ties together of all those things, and how did you find yourself on a journey from doing PR to founding a VC firm? I think it all comes down to me really loving to support and my ability to identify talented people very early. I'm entrepreneur myself, and the way how I run the fund is also very entrepreneurial. It's the third company I started. And over the course of my career, I got so lucky because I think mainly because of the Internet, I was able to work with some of the most brilliant founders. I think if I look at the last, like, fifteen years, I had a chance to support over 50 founders of Unicorns with their comms needs. And it started by when I had my second company, which was or first company, which was social media agencies that I started at the age of 18 that became over 100 people in a year, on Twitter, I met Serge Bau, who was founder of 20 plus companies. It was 2010, but three of these companies were already multibillion, and he bootstrapped them to over $100,000,000 in revenues. It was, like, really amazing in 2010, and he knew people and worked with people like Bill Gates and Steve Jobs. And I just had more followers. I responded on one of his tweets. We started talking online, and then we ended up meeting. And he met me, and I was just finishing high school. And he was like, well, you should just have a serious job. And he sent me to Harvard, and I met …

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