35 Burst results for "VC"
Very Big Things Founder Chris Stegner on Outsourcing the Role of Technical Co-Founder
"I wouldn't have thought that investors would be willing to back accompany where the key part of what they do is outsource to someone else. You realize this was a thing because you worked in a venture capital firm. And what did what were you seeing that made you say i think i have new idea for what i know. I love it. That's a that's a great question So to your point. I was i was a cto and junior partner ida vc fund in biscuit the idea was we cut a check to a startup for three to five million bucks on at that. Point is supposed to jump in helping figure out whatever game whether it's the good market strategy monetization their development design. Whatever it was and something that i'd get plagued with was say okay. Here's three million bucks now build a deb team or expand your one person deb team to a real dev team because we want to see all this stuff that built in the next six months gave you three million bucks six months better be done ready to rock and then six months later. They're sitting there and they're still trying to hire two or three people that can just work well together. Didn't lie on their resume. Paying there wasn't drama k. or they realized. Hey we need front. People need back in people. Need all these roles and it's just taking a long time to hire them so there's dad said things which drove us to say to them. Okay forget about building a team right now. You can do that over time. Just go and hire agency. An agency is the flip side or they're like cool. Give us a scope. Give us a check. Give us three months and we'll come back. And here's your product and good luck right okay for anybody building. Businesses especially businesses her determine agile. You need to be constantly paying attention to what's happening. Throughout the development what features people are liking doing focus group testing all these different things for the actual in product. Should never really be you. Set out to build on day one and there was no agency to do this purity. So it's it's the old best advice entrepreneur ever solve your own problem right. So at that point. I just i grabbed from the fund our vp of investment. Our creative director. You hire them away from the bbc fund hired him away okay said hey guys. This is a problem. We're all facing. Nobody solved it. Why don't we meet the guys solve it. People have the same problem
Interview With Zach Coelius of Coelius Capital
"Zach. Welcome to the show. Thanks for having me longtime listener for caller huge fan of the work. You do good man while look. I've known you for a long time. Virtually and in your honor. I poured myself a glass of mud. Water which we can talk about later but we had the founder on the podcasts. I'm trying to remember about a year ago. Attitudes shown links is available. Shane's awesome fun story listeners. It's basically a mushroom coffee. Turn it yvonne. And i have sort of an issue. Which is i love coffee but like to my detriment. So i've been trying to go kinda half mud. Half coffey as a segue to not drinking a pod today in the morning. And it's working so far it's a nice blend so that's awesome. We'll come back to later. We're gonna talk about all things. Angel investing entrepreneurship wing foiling all sorts of odds and ends. You got a pretty say if there is a traditional path for angel or vc. You kind of have it right. It's the founder who starts out doing some companies and eventually start investing. Was that sort of the right path through yet. The only differences the traditional half is your founder start companies. You make of money and then you take that money and he wants to do with it and you start. Throwing things doesn't angel and my experience was founder starts in companies have facebook ripped my guts out and leave me dead in bleeding on the side of the streets and sort of like as i was crawling around trying to figure out what to do with my life. And like what your next i mean. I literally got gut. It is crazy Tell the story was crazy stories. I stumbled into back in two thousand fifteen the very beginning of angel angels syndicates and one of the companies that i had been advising for a long time a company branch metrics mobile deep linking platform and Ben arison who introduced mea through the seed and men when it happened. You guys mind if. I put a two hundred allocation angel. Listen see what happens. And they were like sure. Go for it inside like wrote the memo by awesome. It is literally january fifteen when endless syndicates. Were nothing put it out by email all my best friends unlike. Please look this in twenty four hours later. The allocation was full when i was like. I'm an investor. Now
OnlyFans Pulls a Tumblr
"Only fans announced late yesterday that it will be prohibiting users from posting any quote sexually explicit conduct unquote starting in october but will continue to allow nude photos and videos on the platform. So i guess that conduct word is key there now number one if the reaction on twitter is indicative of anything only fans is way more popular than i thought because everyone was freaking out about this last night number two. Remember when tumbler band porn. How did that work out for them. Number three. I didn't mention it this week but there were rumors floating around earlier this week. That only fans was struggling to find investors possibly due to hosting adult content a pitch deck that was circulating for only fans to attempt to raise money showed that the company was predicting five point. Nine billion dollars in gross merchandise value in twenty twenty one and one point two billion dollars in net revenue so they were looking for some financing that would value them above a billion dollars in aid of probably going public sometime in the near future. Quoting axios the rain group. A merchant bank focused on tech and telecom. This past spring began helping only fans to solicit investors several deep-pocketed firms quickly past not even engaging in serious due diligence. The money it's hoping to raise with partially cash out majority owner and porn. Mogul leo radinsky. While providing management with what one venture capitalist calls more legitimacy by the numbers any other company with growth like only fans would be able to raise big money in a matter of minutes in short only fans has a porn problem even though it never once mentions porn in it's pitch deck something that multiple investors called disingenuous some. Vc funds are prohibited from investing in content per limited partnership agreements. Several investors are concerned about minors creating subscription accounts. Although the company says it has controls in place to prevent that some investors say they could get past the porn but worry that the company's reputation would prevent it from attracting brand partners despite this week announcing a safer work product that features it's growing number of clothed
Why You Should Work on Your Pitch
"Traditionally or typically. People will work on a slide presentation of slide deck to explain what their businesses were problem. They're solving the market there in the challenges that will face and the potential of their business. They do this to raise money. The pitch to investors the bishop vc firms. They might even pitch to family and friends to get their initial capital to get their business up and running. And that's awesome. But i'm here to tell you even if you're not looking to raise money even if you are happy to be self funded. This exercise of pitching your business is vital to the success of your business. Why because you are selling this is a sales exercise if you can't sell the concept of your business clearly coherently without rambling without scrambling for words. It's going to be very hard for you to sell your products to strangers to put together a sales page to put together a marketing campaign. But more importantly as you are working on your pitch in refining it you might discover your product. Your business is not good enough. You need to improve unique to pivot. You need to change it. Typically when you pitch to an audience or to anybody you will get feedback. They'll ask questions. Like what makes you unique while. When i go with you when i go this competitor. What are your profit margins. What's our market share. What's your market size. And if you know the answer these questions like you know your own name. You're in trouble. You need to know these things. You need to know the information. It's okay for you not to know but you need to get the information right cannot know forever and working on a pitch and pitching forces you to be in the position. Really you know what. I need to find these answers if i'm gonna pitch that's why i did it. I started webinar. Injure our software company back in two thousand fourteen. I started pitching about a year into it. I'd go to you know. Start of communities. I would go to co working. Spaces would go to pitch nights and our refine it. I wasn't great in the beginning. And i had a few slides missing and i was stumped on a few questions. But guess what immediately after that pitch. I found the answers to those questions. I wrote down all those things as stumped me. I remembered to fill in those slides. That are missing. In fact i used to record. These pitches on my phone so i could at least have the audio so i can go back and listen to a happened.
What Is Circular Beauty?
"In awe view secuties based on four principles. So i'm going to run you through them. Principle one is that we work with nature. So that means that we. I the minimize the use of natural resources. I roll so that formulations of made with ingredients that not a harvested or that a not grown unsustainably then we use natural resources the benefit the environment so an example would be a sequestering carbon through algae production because essex and there are a few such ingredients coming out on the market which very interesting and sending once we must watch sit principle to is that we then keep those resources in use as much as possible and that means for instance up cycled ingredients or using ingredient byproducts or reusing water energy packaging so with cosmetic products we can keep a loss of resources in use. Packaging is a great example when we actually use it because it can be reusable refillable. Obviously we can't keep the cosmetic ingredients themselves in the formulations in use which is why making a truly secular product will most likely always be challenging when it comes to the formulation itself because cosmetic ingredients are generally either washed down the drain or absorbed by the skin or evaporated all sloughed off the dead skin cells or scraped into the trash weather. Decompose if we don't actually use the products themselves so those ingredients typically can't be kept in close loop system but arguably pc brands could sell relations are quantities. That don't need to be reapplied so much. So then we're keeping resources more acts of speculation rather than creating a closed loop system which might be a bit more of a struggle. there sounds principal to principal three. Is that we. Then design outraced externalities. So that means we avoid waste wherever possible and we all can think of plenty of examples. Where this applies. Vc products we can sell formulations in no packaging refillable packaging so we avoid creasing packaging waste or we minimize waste associated with the extraction of natural ingredients looking which plants can yield the maximum output for the minimum environmental impact of. We can also consider eco-design a formulations particularly when they're flushed down the drain or not biodegradable. And ultimately of course as i said we need to minimize consumption of beauty products in the first place that we design at waste externalities by actually reducing the consumption itself and this has close ties in with the podcast. We did recently on the age of essentials of the age of skin and then finally principle four is that we regenerate natural capital. So if you want to keep using natural resources in your pc products you should be trying to create a net environments gain see constantly have those resources to put in that and i think this is probably the point where the beauty industry struggles the most. Because it's simply not really been on the radar screen. The majority of pc
The Importance of Ownership With Mark Mullen, Co-Founder @ Bonfire Ventures
"Malta i've had so many great things. We were introduced six years ago. If you can believe it by the one o'clock boundary hood so many great things from greg. It upfront friday. Usb howard lindsay. Thank you so much joining me. Stay mark great to be here buddy. I wanna start. Though i love he contacts to tell me. How did you make your way in the world of venture and how did you come to co found bonfire over the last few years and he was four years ago will say well really i. When i came out of college. I was already getting into finance. I worked for a bank. And then i became an investment banker. More like a merchant banker because we also made investments for a very famous entrepreneurs name was bill daniels and is currently still known as the father cable. Tv in the us and got a chance to work for hammond of working for the farmer for twenty years he was one of those stories. You don't hear about anymore. Didn't finish highschool lied to get into the navy golden gloves boxing. Champion for two years flew two hundred and fifty missions as a fighter pilot came back to the. Us started selling insurance. Wanted to see a boxing match closer tv and started cable television in one thousand nine hundred eighty three. This is the kind of person. I got to work under. And all the people that worked for him so we had an investment bank about seventy five people that did a in the cable world in. Isp's in towers in broadband wireless etc across the world as well as we owned a bunch of different companies. I ran international. So i got a chance to live in paris and london and so for many years. That's what i did. And we also invested in companies ourselves as well as other funds and so when we sold the firm we sold all the assets have pundits death in two thousand two thousand one then. We had still the investment bank. We sold the investment bank in january. Two thousand seven to rbc capital markets fantastic transactions before the crash happened. I was a senior partner then. And i had to stay three more years. But that's really the taste of investing and got the taste of investing from
Would You Ditch Your Doctor for an App?
"Healthcare in the united states has long been a mess for too many people. But the pandemic forced us to rethink medicine. And maybe there are ways we can make it. Easier and a growing number of startups are trying to find ways to make health care more accessible but to those who can't afford it. Their companies like one medical or a carbon health or parsley. They often require a subscription. But with it comes access to things like twenty four seven virtual care or rapid blood testing and all of these. Vc backed companies indeed saw explosive growth during the pandemic recode. adam clark. Estes has been looking into the growth of telemedicine and these app. Based primary care providers over the last year are these tech forward services helping or harming healthcare. Hey adam hi teddy. So let's just level set here before we talk about these new approaches to primary care. Tell me what the problem is that these tech startups are trying to solve the problem. Is there too many patients and not enough primary care doctors to take care of them. Four primary care a lot of patients feel like they're just going to cheat a specific issue. They're not going on a regular basis and so the doctor doesn't have a full picture of their health and when they do have a problem. Primary care doctors often just write a prescription or for you out to a specialist. So folks feel like. They don't know their doctors. Like maybe folks back in the fifties or sixties new their local
How Parabens Kickstarted the Indie Beauty Movement
"That have branded as paraffin free. Outsell cosmetics branded as natural despite being illegal cosmetic claim in certain regions of the world such as the e u. the parliament. Free claim is here to stay. I one of the indisputable drivers in cosmetic sales being pop and freeze now so popular that the marketing term power been free. Cosmetics might be the difference between getting a vc product on the shelf and keeping a product on the shelf. In fact the power free movement has now grown so big that bbc manufacturers are abandoning these traditional synthetic preservatives in drives. It's also given rise to an entire industry of india. Bbc brands natural ingredients have been around for millennia. Long before the first synthetics effect was invented. People were already making that own beauty products using fats oils pigments waters and most importantly plants. There's a reason much of this. Plant knowledge is still known to us today because lots of it works. Many of us have grown up being told what to do and we sting ourselves on the nestle we grab a nearby dot leaf which plants can stain skin if we use them be true turmeric and which local plants can help with wound healing if we ever cut ourselves however the naturals movement did not take off online because people had been using plants since the dawn of time instead. It all started with a paraffin.
Sands to Sell Las Vegas Properties for $6.25 Billion to Apollo Global
"More on markets in a moment, Las Vegas Sands agreed to sell its properties in Las Vegas to Apollo Global Management and VC properties. The price tag $6.25 billion Lvs Rose 1.3% in New York trading Sands, China here in Hong Kong, creating down now
Boston and Greater Massachusetts are opening up vaccine eligibility to teachers next week
"Educators in Massachusetts will be eligible to sign up for a covert vaccine a week from tomorrow. Nobody VCs Karen Regal tells US teachers are excited about the move. The Mass Teachers Association got what it wanted. After the Biden administration called for all teachers to be vaccinated, CBS posted on its Web site. It would allow teachers to be vaccinated. And now the Baker administration will open the door starting next week Empty a president Mary Jimmy, speaking outside Watertown High School, calls it a joyful day. In the end, it is going to get us to reach the goal that we all not, which is fooling personally, you know, The sooner that we get this started, the sooner we could get to them personally. Teachers were in the next phase of vaccinations in the Commonwealth. Karen Regal WBZ
Mother arrested after 4-year-old girl found wandering New York street alone at night
"Walking alone in the Bronx late at night is under arrest. 32 year old said Icka Abdul Salam, charged with abandonment of a child acting in a manner in jury is to a child and reckless endangerment. Daughters to Dia was seen at the corner of Prospect Avenue and East Wonder to 56 Street and long would just past midnight Saturday morning. She's down the Cara VCs. Ah, third woman now has come
30K Macs are infected with ‘Silver Sparrow’ virus and no one knows why
The Hustle Culture Debate Rages Once Again on Esports Twitter
"So this topic came up a lot over the weekend on e-sports Twitter as dignitas posted a new unpaid internship the job effectively from the description looked almost like a taxi where the internet be required to drive around La and connect with players or staff members. Now, there's of course more to the role than that, but that sparked a debate that has happened plenty of these Sports. And so I thought I'd cover it here should be forced to not make a scent in their first year or two or more in this industry or is that just kind of the price of doing business in Esports? And it was your first say this probably isn't unique entirely too easy. It's internships are fairly common across a lot of Industries. But in the last few years, there's been a push for companies to make these paid opportunities. One reason, why is that unpaid internships are more feasible for people who come from families and due to financial ties with racist systems that makes it harder to bring diversity into companies or Industries where unpaid internships are common. I saw this firsthand. I did make a living wage my first year out of college with a degree. I was looking up to be able to move back in with my parents and not pay rent while I figured it out many of my colleagues from school didn't have that luxury unpaid internships create a barriers to entry for Esports with long-term damaging implications, but on the flip side to this in East words twenty years of History. The scene is never made money Publishers do and many individuals have but the issue is completely backed on the organization Side by Venture Capital Money That's to say e Sports organizations do not have a large pool of profits to pull from so when everything's like this come up inevitably some people But in the space for ten plus years bring up the time when almost nobody was being paid and it's a valid point. This is an industry built on passion. In some sacrifice is still a necessity to work in Esports. But ultimately VC funds have gone insane in the last few years compared to a fledgling industry in 2010 Esports just isn't in the same place wage. Well, unpaid internships may feel like a necessity for where Esports revenues are right now. They're still think we all need to work to get rid of to make this space better for everyone if someone started their own company. Yeah, they'll need to grind it off for no wages, but that's the risk. They took for the company and they have the benefit to show for it. They own the company and internship is a different situation and interns need to be compensated for the growth of this industry at large.
Is Silicon Valley "Over?" With Bloomberg Opinion Columnist Noah Smith
"The question specifically silicon valley itself Is it is it. Sort of settled science for economists like why certain cities become hubs for certain intellectual pursuits sir. Capital pursuits are things like that. Like is that well known and well understood no so we have a lot of theories about why this happens. one idea is that you have tacit knowledge exchange when engineers sort of hang out with each other. They tell each other how to do stuff. It's not clear how powerful that is anymore. I mean it's it's important for researchers to be able to exchange ideas very intensively at things like universities but engineer going out to the bar and saying like oh i implemented this that sort of dan that it's probably not nearly as big a deal and can now be done on like stack exchange in whatever get hub and so so that that sort of tacit knowledge exchange is. It's hard to establish it's hard to measure because you can't really observe these ideas going around you can look at patents. That's all you can really look at. But there's lots of problems with that data Another idea so another big reason for cities a these concentrations of knowledge industries is called thick markets. So if you wanna hire an engineer there's lot of engineers in in san francisco right and if you want to work for tech company. There's lots of tech companies in san francisco. So there's just so much more choice within these superstar cities right with all this choice you can lose your job and find another similar job really quickly or you Lose your employees and find another employee really quickly whereas if you're out in you know like butte you can't. You can't necessarily do that unless we move it all trout so so if we figure out how to do hiring and firing and job searchable blah as well remotely as we do in person whole new ballgame because you've you've just sort of canceled out that that thick market effect. We noticed. We also have to do that for. Vc's so vc's famously Want to live like a fifteen minute bike ride from there. The companies they invest in and that that mindset has got to change that cultures. Gotta change to really unbundle the startup cities. Well and i mean you know this is a the example of the moment and and one example. But you know what's the hottest startup in in in the world right now. It's clubhouse clubhouse is in san francisco. Clubhouse is andriessen. Horowitz is basically is one of the greatest thick influence. If that if that's using the term rape that. I've seen in a long time. In terms of injuries and horowitz really helping juice the success of that startup so yeah clubhouse in cleveland right yes and so that's a but but then again Could be because there is only what like eighteen people right right. Go ahead right. So i mean it that that depends on you know. Injuries and horowitz being willing to invest in distributed companies. And i think that they are. I know those those guys pretty well. I think that they are open to the possibility. And i think that there is a slow. There'll be a gradual change. I think they're realizing that They're realizing that. That costs in san francisco are just really high can cutler initialized capital hosted some data from her own fund the other day showing their investment in distributed companies is increasing and the number. The percentage of founders. Who say they would want to. Distribute companies has just shot up enormously. So maybe maybe this cultural changes coming. I think there always be some local a bias But i think that maybe it could be reduced. I certainly no vc's at bloomberg who are working to reduce that Because really i feel like the the due diligence and human touch that you need to keep track of a portfolio company. The necessity for that to be physical and onsite has just decreased so much And i think that the pandemic is maybe making. Vc's realized that. I hope. I think always be a slight advantage to being nearby but i think that can be outweighed by the cost disadvantage
Air Force One: Flying Fortress
"I really enjoyed the documentary. I got the screener yesterday and watched it right away. This right up my alley to it reminded me of like bob doors Air force one coverage in books. I don't know if you've ever seen what he's done in the past book just he app. In fact i knew very well. He was good guy. Yeah enjoy that it was. It was tough getting access that we did and Particularly in a time that we guys and legal unfettered access so although we only minutes some of the stuff that we showed has never been shown liberal minded so the president airlift group. If you know you can't you can't get access to that. You know i i. I've seen that happen. It's very very difficult but to actually get access to the hangar. Where they're modifying dc twenty five bay I've been i've been In san antonio facility with vc twenty five a in the next hanger they wouldn't even acknowledge that was there you know So as i'm very impressed in is just part of the story is how you got that accent said. I don't know if there's much to say about that but I'm very very curious to save only but it wasn't gave as a majority of it was made. Just thankful that steve. I mean for testing network. Anyway having been in the military and went through the military initially an answers diplomatic channels which is in contact with the white house We met with a couple friends of president. Trump's white has Within emotions and actually unable to president trump and what he willing to tell us access to us and the white house military office and ministration We managed to gas boats which was amazing they use off the dot couldn't louisville couldn't be more accommodating. If i'm being honest. I'm were very tolerant. Case that we gave we stay zeno as we were shooting with somebody and you will see some of styles that a security guy with everyone watching the fix edge over all of the new and boy teach restrained before we do anything with the sense to relate to gain. Access azure There would have been no access without that kind of deal for this. Yeah it was tough to treat us two years to get to the access And that's why this project new full on in this project for some time. That's why it's taking a little contrition is is really the access. Obviously twenty with the president globes as half a lot tougher than than you would imagine and trials of the plane. Got ashley to get on the plane where he actually has some time with. Israel is because he knows a low quality In five minutes with I'm is enough. Oss has been really is and that it was a great interview into politics. He two seventy seven and now he's gone. You know yes full yes. I'm really loves what the there was. Also the access. In victorville into the modification hangar. Where they put on the new doors was advocating for san antonio no so the the planes unchain stole the victim. Yeah undisciplined the victim. Bill is actually use off the so. That's the day the boeing being signed on the dotted line and the plane became the pc twenty five point. It was quite amazing to see that. But that was the official acceptance from bullying to the half of the across the across was handed back the boy from the pilots with some essentially. The pilots flew the plane Across to science as use. I feel played nine. It was at bipolar defense converted into the bbc twenty five. You'll see slow by an eating
Anzu's Plan to Evolve In-Game Advertising with CEO Itamar Benedy
"Any of these Sports networks other properties on this episode of the E Sports Network podcast for bringing back a gasp from about a year ago wage a little more bonetti. He's the co-founder and CEO of on zoo in a more. Welcome back to the Shelf. Hey meets great to be here tomorrow is on the show back in February of 2020 where we discussed the growth of in-game advertising age people who miss that show or too many of our new listeners since then on to his a platform that makes it easier for braids to get into video game worlds and for developers to open up more potential White spaces in their games for Grants Pass. I'll do is work with Publishers like Ubisoft at lide Castle to deliver Brayden moments for major. It's like Samsung Pepsi American Eagle and many more Esports. We've seen it gave ads take Auto larger role especially patiently League of Legends open up space in summoner's Rift and it was filled by MasterCard an Alienware among other partners and just this morning as a record this on Wednesday, February 10th, 2021 rocket League announced that Ford is going to take over there it gave Billboards for the upcoming which are major on zoo also had a big adults with this what the platform recently raised nine million dollars in additional capital in around Kool-Aid buyback Fetchers and hbse Ventures. There is participation by plenty more investors, of course, including Mark Merrill, one of the two founders of Riot games, this follows two other funny raises of three and five million. So in Mark Gratz of the race, first of all, what are the plans for this capital? Yeah, thank you Mitch. So as you said we raised 9 million dollars beatcraft is one of our previous investors are still leading gaming Esports v c. B c is a new VC which comes from the sport world and a lot of touchpoints around gaming and then other investors are wpp the biggest advertising group in the world, which is also like in the existing investor and Sony Innovation fund, you know, Sony is one of the biggest gaming groups in the world and the owner of PlayStation. So that's a privilege to have them on board Mark Romero the founder and chairman of road games on League of Legends. As you mentioned didn't call ins the founder and CEO of super awesome that recently got acquired by epic games and the Chicago Cubs. Yeah, the baseball team go Ventures and gainesville's and illumine Adventures. So a very crowded and exciting structure of invest investors to have on board. I'm a Cardinals fan so we'll let the dog So invested things slide, I guess but grats on all the different people who came together you mentioned before we started recording you were in the position that every founder kind of hopes. They find themselves in which is we have a few people. We have a different options for Capital so we can pick the people that make the most strategic sense for us going forward. What did you find from the mobile the different investors? What were you looking for? Especially as guiding parts of the company to push it Forward? Sure. So I mean, you know what this round was not about it was not about as fast as we could have fine as it like very very fast as what it was about bringing the best structure. Number one number two, it was about, you know to maximize shareholder value. We could raise almost double the amount but we didn't want to make sense. This is the amount of cash we need for next stage Rose and then in the future if it's a year from now or two years from now we can do another round off. For that makes sense. So we were not looking at at you know, these things it was more about we have a lot of confidence in him. Advertising is going to become a major business model for game divorce across all platforms, through PC Mobile and an important ads category four Brands media agencies and the ESPYs and and the question is how fast can that happen or more sneaking about big Brands big Publishers not easy companies to convince them to do something new. So when we meet partners that can help us to make this happen faster than wages. Are we get excited one form to partner is again investment one is a strategic partnership and they can elaborate more of some of the Partnerships we have in place and some of them is people who join our team. So that was what was guiding us and looking at the different, you know buckets of we are investors came from there is some you know, some like VCS and financial institutions. There is advertising and groups. There is game. Groups and there is a sports organizations that have a lot of touch point in going to become an important overlap in my opinion the next two years. And of course there is like with the values that we want to group represents and communicate us companies gauges as the leading investor for equal opportunity and Which choice for us an important to him and announcement to basically said if the world that was how we were looking at it that's a great place to be at
Wise Ventures Esports Officially Becomes Version1
"Digital media podcasting and video programs. Please reach out to e-sports network CEO marked in using the email in the bio of the show. While most people in Esports expect a brand name to be announced alongside. The organization. Why is Venture Esports has taken a little bit of a different pathway. They were first called wise Venturi Sports after the VC fund that created the organization and then they named their rocket League team version one. Now. They've officially become version one permanently listeners to the E Sports Network podcast might remember Brett Diamond CEO of wise Venturi Sports at the time talking about the organizations branding back in a podcast during the summer. In that show, he mentioned a wise Ventures was a temporary name and he also said version one was also going to be a temporary name cuz at that point it was just a name for the rocket League team. It was basically a placeholder took apparently the V one named took off enough that they decided to make it permanent version one first entered Esports of the Call of Duty League team, which is why they've had this sort of weird branding thing because the Minnesota rocker took on their own identity. The organization is backed by the will family the owners of the Minnesota Vikings in the NFL with a formalizing of the name V one is also adding a vallerand roster the team they signed was previously competing with the
The Role of Business in Political Change, with Christine Lagorio-Chafkin
"Christine. Welcome to the show. Thank you for having me. Let's pleasure talk to you. we're you recently. Wrote an article title inc magazine titled business leaders spoke up after the capital riot. Will their voices remain strong. So first question. I have for you is. Was that really a strong response by business. Yeah i i think that it was at i sort of a subtle response and then all of a sudden the the sort of numbers of responses grew and grew and snowballed so quickly. I just had never seen like this. This letter signed by close to two hundred. Ceo is urging congress to accept the election results and ensure no further delay in the orderly transfer power than the business roundtable the us chamber of commerce. The national association manufacturers like everyone was speaking up and it was almost as rush to just show support of our democracy which is not a crazy idea. Of course the sheer numbers. If you looked at twitter users everyone and linked in you start every business leader just putting their foot down and saying. This is unacceptable I don't think it was overly shocking in that. Like i said like every business wants on kind of order and and any instability is bad for business right like this. It wasn't a political statement. At first it was just a hey like respect the rule of law And and i think that you know business did step up in in a way there. And i thought that that was sort of meaning fall whether it was a hugely political choice. I i think is is still up for debate at so. It seemed like that also came the last minute. I was sort of building to ahead and and seemed to me. In many cases came serve even after the fact and after the factor january six and I dunno seems are opportunistic to me to some degree and that you know how much of the business response was shaped by the prospect of bill. Democrats both senate seats in georgia and and sort the desire to be in the good graces. Now they're going to be the party empower every time. We see the transition of power from party to party. We see And i think silicon valley is a really good good kind of bellwether of this obscene. it Every every transition and now that silicon valley has so much lobbying power to money invested We've seen that shift already Just like we did for years ago. it seemed more subtle than and now it because of the instability and because of the events of january six like it was very abrupt and we saw it immediately we saw. Vc's tweeting just very very much more political than you know the leaders of banks and Very big businesses. But they were. They were tweeting Very politically and i think that they opened up a bit more right and they felt a lot more freedom to if they were already democrats Speak their mind for sure. Well yeah it's so our struck me. Was i guess still surf. How few are individual business. Leaders spoke out. I mean there are certainly the collective groups in the business groups. You've had that letter signed by ceo's but seemed like sarajevo. A safe thing to do is we came into the beginning of january and the the past administrations still seem to be doubling down on their their story about the the elections are one Trying to say it as nicely as possible. It seems to me it's like geez. How did why do january sixth bridge too far now if what you really value is stability above all things in the case of business you know you want predictable markets and the like that you sell into. Yeah it seems seems like almost too little too late given the impact that could have because there are some school thought and we'll get into it. The businesses actually should be playing a larger role in societal and political change. I think that that's really interesting. And of course true. I think that you know for me. As a reporter. I follow what happens on social media And what how these these big social companies work and how the smaller social companies work as well and watching. I think exactly how you say that. Was you know why january sixth the bridge too far. You can say that exact thing for for twitter and trump's account right and her for how facebook responded to the you know political ads and misinformation about the election. You know there were so many times previously when they could have made the right calls there and failed to. And how did it get to a little insurrection of the capital. You know to for everyone to say oh wait. This is too much we should have done. Yeah it's not like the warning signs were there areas.
"vc" Discussed on The Twenty Minute VC
"And I had the potential to really generate those significant returns. Can I ask you question when it comes to consume? I actually had a guest on the show the other day that I will keep them nameless for that sake. But they said that often the troubling consumers you build a really attractive TalkLine. But when it comes down to it you sell for one point six Ebid, and actually it's just not to try seven. You will continue to see these hundred one hundred and fifty million this in the consumer space because the multiples just on their own exit is on something that you've seen would maybe agree with? Or would you take an alternate V? So I think it really depends on the category. So I think that when you think about traditional retail from fashion perspective, it can be really challenging. I think that if he were building a business with very strong margins beauty as an example in the consumable space or there's a LTV for consumers that is different necessarily from a kind of pure, blade fashion company. So I think that for us we wanna see high margins we wanna see repeat purchase behavior and really wanna see brand differentiation from an exit perspec-. Did you know, I think that you have the likes of WalMart and Amazon as well as the PG's and you'll levers and reality of the world that from multiple perspective, you know, we've seen can be willing to pay for the right opportunity. This is so unfair of me to office, but I'm to injury. Anyway, when I assess consumer businesses, I'm always kind of looking at NPS retention. That's what excites me, especially when it relates to subsequent customer acquisition of Esa metrics that particularly excite you is that one that you hone in on Beit margin. Be it NPS supply chain sustainability is that a certain adamant that you hone in on really gets you excited. Sure, Greek Russian. So you don't for us as seat investors? We often invest prelaunch to where investors in a company called Billy Winky locks had been around for a little bit. But in these examples really looking for is a founder that has a very clear point of view, a tickling from grand perspective number one, number two cheer point margins. Again for us a really important. And then LTD or repeat purchase Abeer for us is really important. So we're not looking to invest necessarily companies where it's a one time purchase. But we're you can really build brand affinity and continue selling products to that customer over the lifetime. That absolutely I agree that I have to we sleep before and discuss maybe many opportunities that maybe male VC's, maybe during identify with you mentioned video that I guess I could be one that would be aligned to this. I guess a slightly sentenced at one for me to broach on here, but I'm blame male VC's sometimes not being able to comprehend maybe a specific pain point related to female found as missions to that building. Can we blame them? Sure. So I need from what I've seen alternately. What drives venture capitalists film L, particularly when it comes to missing out on on returns..
"vc" Discussed on The Twenty Minute VC
"Business, but we also have retail stores and we have retail partnerships with folks like targeted nordstroms and several others and to navigate and that complexity something that I'm keeping a very close eye on because it's difficult to do, and it's something where if we get it right, it really does create the next generation of retail experiences where a consumer can navigate between online and offline seamlessly. And if we get it wrong, then we create a lot of consumer confusion and it would be bad for the brand and bad for the business. So to me, that's the most important element of how we're scaling the business that we need to get right for sure. Temps is getting the business that you mentioned skating? The product line, I speak to many VC's. They often say that can have a spanning line in kind of up sell in some ways is symptomatic of northern attractive enough cool market. How would you respond to this with the expansion of your product line in kind of cool thinking from maybe the VC perspective also from the BBC or investor perspective, the matches business is a great business to be in. It's a great product category, and it has been for decades, and that's why I jokingly comment that if you run into pretty much any private Ecuador, they have a perspective or direct knowledge of the mattress business because they've all owned a piece of it at some point in time, and that's because it's a highly predictable business with really strong consumer demands and the market rose single digit compounded annually over decades and to it's a fantastic business to be. And we know this year that something like twenty million Americans will buy something over fifteen billion dollars worth of mattresses. But then aligned that with is what we want to do with casper with the brand and. The business, and this.
"vc" Discussed on The Twenty Minute VC
"This how do you most like to help post investment so the two highest points of leverage that i find my entrepeneurship really loves are one finding them great people and that oftentimes means great executives as they're building out that team in scaling quickly and finding executives that can take them to the next level and be really targeted in that approach not just sending a million names but sending them super high quality people and then the second area is customers all businesses want to grow and if you can directly impact the top line revenue of a business that is tangible our ally that no one can argue us in so i love finding my ceo's in companies customers do you sit on the value out of follow on funding and being able to provide full funding some say it's crucial part of being vc of say the best companies can always raise photo funding amd from great vc's they don't need that body at how do you think about that one sousa later stage firm we reserve fewer dollars for follow on vesting and that the companies were partnering with are closer to quantity so have fewer rounds before they go public so i think that's a difference versus early stage firms and then as it relates to being value add into the companies that are raising future rounds at were invested in most of the companies were invested they're working so they usually have the vast vast majority of the time have the option to raise additional capital from multiple people and so usually we're taking our choose the entrepreneur and if they're saying hey we'd love for you to lead in participate in a larger player in the next round were super happy with that on the flip side if they say hey it's actually really helpful for you to pare back a little bit to get this new investor in at the table that we think is great for the business then we'll do that as well and so a lot of it for us is taking our choose from the entrepreneur kind of remaining on the analogy of the coal and moving one layer out to the ecosystem now around you and really more investing in growth as we've discussed we're in the time of softbank eight billion sequoia fons billion dollar funds every day how does miratec competes in such competitive growth environments hi figure hitting on a great point and it's where we spend a lot of time thinking about how we strategize position ourselves to be really successful in this hyper competitive environment and so i think there's the top down which is the soft bank in the sequoias and the mutual funds and some of these hedge funds with really large funds better moving downmarket and frankly those players we see less of at our stage and i think the line of demarcation is growth is really been bifurcated into two stages over the last five to seven years and so traditionally there was really one or two growth rounds and then companies would go public but now that the time in which company stays private has extended quite a bit we look at the world and say there's late stage and then there's pre ipo and most of these larger players are playing in that pre ipo space where we play we play lesson i think on this growth or late stage world the competition is coming bottoms up by these full stack venture firms the likes of story catalyst in those are the most recent examples exactly and competing with those folks i don't want to downplay it they're really talented in it's hard but the way in which we've been conscious of making sure that we still have a great spot in the seco system is one we've kept our fun size relatively small so in a world where the trend has been raised bigger and we've certainly had the option in opportunity to do that we have said let's keep our fun size relatively similar to where it's been historically such that we can right mhm smaller checks that are still meaningful for our fund and it allows us to be very collaborative with insiders on subsequent rounds and these entrepreneurs the.
"vc" Discussed on The Twenty Minute VC
"To do it and i'm fortunate to have learned from the best on both those dimensions fun nineteen the highly analyst who may be more scientific approach with summit and then maybe the mole altay stick intellectual process of climate i mean should he do with those two opposing elements in approaches to how would you say the marriage tech impasse today we of course view the world is we're looking at both and so i'd say it's a combination of the two of those things and the reality is on every specific type of company certainly there's different i think are differences among sectors that there's more art and science depending on the situation and miratec think is great being able to straddle both when necessary i've had the same on the same from rural but i do wanna play found stay as i said there's so many things i wanted to discuss if we have the analogy of this core so to speak being you then we're gonna move out slighty to those around you and maybe individuals who want to get into the moving further away from the cool to the broader vc system and then finishing on the macro theme that you really specialize in being consumer how does that sound works great so he's still need the obvious element hair you background is the caribbean elements we've had the of jeremy levine and pat grady promoting it and then some noshow promoting it so love to dive in on that and what do you stand on the debate and would you agree with pat grady that may be the rate of decay on all pricing experiences never been gracia shoe i think that they're awesome investors who have of course operating experience and it's certainly been proved that there are a great investors who don't have operating experience i think we all come an approach problems and making decisions with tobias sees of our past experiences and i think that operating can color people's experiences in certainly positive ways and helping them make better decisions but there are also instances where it can actually be attractor and so so much of it i think is specific to that individual and probably also specific to the stage in which they are vesting at seeing that one is kind of type of investors so to speak is destined maybe more for a particular type of stage maybe caridi sees a besson latest stage given the analytical rigor on scientific approach you i think that is a fair overgeneralization you do have some early stage folks who are who are less operationally focused like the bill gurley you have one of our partners craig sherman on our side who was a career operator and then started doing growth and has been amazingly successful and so again i do think there are certain pieces that are indispensable right being able to have experienced versus secondhand experience from aboard level what it's like to solve certain problems and being able to see around the corners and understanding truly how difficult an operational problem may be is an advantage in some respects the flip side to that is you might under stand that there's a problem that's so hard to solve it was so hard for you to solve that then you don't believe that this entrepreneur will solve it and it might lead you to overestimate the difficult of that problem because it was so hard for you but maybe that's situationally different and so someone in that case the ignorance of not knowing the difficulty of solving that problem might actually lead you to take that leap which in that moment in time is the right decision absolutely i can completely see that other than obviously that the lack of operation experience there are the maced i'm intrigued from the spirits in the nine years now in venture what would you say the biggest misstep fee there are certainly elements that are missed and i feel most disadvantaged from when an operator is going through specific challenges and they're mostly around people right where i haven't managed large organizations before and sue fully understanding the psychology of managing a really large organization when you've never done it is something that i certainly tried to pick up secondhand but having never managed a one hundred person organization a lot of the questions are ceo's are working through our issues at that type of scale and so you develop pattern matching and that you see it from company to company and so you can anecdotes paul for those experiences but there is an element of jealousy of wishing i had the ability to live parallel multiple lives.
"vc" Discussed on The Twenty Minute VC
"This is the twenty minute vc with me harry stubbings and you can find me on instagram at h dubbing nineteen ninetysix it'd be amazing to see that but straight to the show stay and stays one of those absolutes that really makes me realize just how much i love doing the show as we welcome a truly incredible and inspiring figure in the industry so i'm very excited to welcome pooling lynch cofounder of both clack and lula but starting on lower the company brings joy to business travelers by finding the best flights with busy schedules and perfect hotels suit personal preferences to date pool is raised over forty four million dollars in funding with lola from the likes of crv excel general catalyst and gv just to name a few i'm prior to lola paul cofounded kayak the incredible success story that helps millions of travelers make confident travel decisions prior to their ipo pool raised over two hundred and twenty nine million dollars in vc funding from sequoia exceleye vp and general catalyst before they're reported one point eight billion dollars aquisition by priceline pool is also prolific philanthropist judah his successes had so much press attention including the tracy kit a book a truck full of money i do big thank you to my wonderful partner fred desktop for the insurance pool stay i really do so appreciate that how the before we don't into the episode today you must check out high five the firm making meetings better for thousands of organizations with insanely simple video conferencing design for meeting rooms with all in one hardware and intuitive clouds saw flat high five provides a high quality experience with industry leading audio powered by dobie voice and it's so easy to use there's no pin codes amp downloads just click lincoln your browser and you're in the meeting with customers and over one hundred countries high five is already trusted by the lice of worby parker evernote expensive i and bassim and and you can learn more by simply heading over to high five dot com and finally in a world where your team and a retention is everything culture is front and center and that's why culture i'm comes in culture is the platform that makes it easy to collect on the stand and act on employee feedback from on boarding surveys to companywide engagement individual activeness and more the platform.
"vc" Discussed on The Twenty Minute VC
"The first time will it's embarrassing to think about the first few deals we did because they had none of the usual protections venture deal did the normally has there was no preference they were just playing out hey we'll by twenty percent of your equity embarrassing to look at that those deals ended up working out fine back one of them razor fish it was deal we probably made the most money on it was not a smart way of doing it there was a lot of learning a lot of going and talking to other vc's who were not especially impressed with corporate vc so they took the meetings and i'm glad they did because i i learned a lot i don't think they learned anything i'm sure they did i do i want to start stay jerry foundational land a theme that i know both you count on which is portfolio construction so that's the prevailing wisdom that one ways needs evolves portfolio casino capitalism as parents describes but you've said before that that's role and at dead end so i'd love to stalled on this and maybe why the voss portfolio construction modal isn't optimal from a return standpoint i think it's arguable right the people who think the vast portfolio structure make sense of the ones who look at the venture capital market more let the stock market where you invest in a company and you try to make smart investments and then you sit back and see how it does and it not reforming the way you wanted to you stop investing in it can't exit the way you can with the stock market but you can you can stop investing so it's a not a passive model in the sense that you're not doing any analysis but you're not helping and i see how that is appealing if you look at venture generally than making a lot of investments make sense either more investments you make generally the higher the average investment return will be and that's because the way that.
"vc" Discussed on The Twenty Minute VC
"Able totally so those are great platform and he covers almost old innovation sectors and many geographies around the world as well so they really have a broad perspective on all the cool innovations coming down to type line and i love canvas now because which is very focused on shoes areas and allows us the me go deep move fast and frankly have a lot more time without enterpreneurs and so that's the difference between the two in terms of how those platforms operate cannot us with any realizations in terms of kind of access and investments in the hebrew kind of how an accident moves the needle so to speak does right i think one realization coming since joining canvas a few years ago is a small exit like one fifty three hundred million easily moves to needle for fun like canvas as we used to joke when you don't have an exit more than eight hundred million it doesn't move to neto nea and get back to work just people billy notice it and in some ways as provided so much op rating freidan in terms of chasing ideas you allow the big ideas look like small ideas big companies i look like small ideas early on these still want to chase those but when you quote unquote ron they have one fifty three hundred million exit is still a really meaningful that's very different degree of operating freedom indeed with the three von that's hard to move the needle but i wouldn't have to often with that in mind how should entre preneurs thinking about taking the leash any funds on offer maybe an us lenny more nimble outfit like canvas my suggestion taking up my hat as a vc to enterpreneurs always about picking the right gp my friend kevin ryan who started many very successful companies and raise capital many different venture franz found blue chip names to new authors like us vices has ceo's alternately and tra preneurs relationship with vc's is with one individual of the storm you really see other pawners so picking the right gp for you.
"vc" Discussed on The Twenty Minute VC
"You are listening to the twenty minute vc with me harry stubbings you can find me on instagram at age stabbings nineteen ninetysix with bees for all things behind the scenes which is mostly health and nutrition right now but it would be great see that not to the show today and as you know i love speaking vc's but there's a crucial element of our business that i think simply not covered enough and that's corporate development and manet and so i'm thrilled to be joined by leader in the space in the form of james lofton corporate development leader square when he's made multiple acquisitions and investments including the likes of order ahead an investing in event bright practice squad james who's responsible for strategy business development and operations sti digital before that james was a partner at andreessen horace where he led strategic coverage for the foams forty five plus consumer facing portfolio and vising them on everything from capsule raising two partnerships to amway and then before andreessen james was vp head of corp debit your who i'm prior to that was in the eighteen google i do want to give a big hand to mass where it's sweet the insurance james today with our says absolutely would not have been possible we really do appreciate that but before we dive into the showed state what all we without a great night's sleep and that's why lisa comes in lisa is the we'll be park or tom shoes of the mattress industry they've done away with the terrible monitor showroom buying experience by creating this luxury premium foam mattresses order completely online and shit for free to your doorstep the ten inch mattress comes in all sizes and is engineer with three unique phone leads for universal adaptive feel including two inches of memory foam and two inches of really cool latex foam cooled avena designed to keep you cool all lisa mashes or one hundred percent us or uk made and for every ten match is they sell they donate one to a shelter so go to lisa dot com fuel perfect night's sleep and if you're like me and lose sleep worrying about the quality of conference calls and communicating remotely then checkout zoom the fosters growing video and web conferencing service providing one consistent enterprise experience that allows you to engage in an array of activities including video meetings and webinars collaboration.
"vc" Discussed on The Twenty Minute VC
"This is the 20minute vc with me harry stubbings age dubbing nineteen ninetysix on instagram on at age stubbings with two bs on snapchat with so loved see you that i'm for the show today i'm thrilled to welcome a very special guest to the show as nadia bourgeois joins us in the hotseat today not nadia is the founder and ceo abdeel or in the startup that provides a plussized clothing styling for women to date they raised over twenty million dollars in funding from some of the best in the business including the lies of alfred linnet sequoia on the team at next you ventures prod de'aaron coat naughty was the cfo unsee o pat free a nelly and also enjoyed time in the marketing and strategy team diane mom firstenberg i do so on say big find heat to both alfred lane i'm amdro go for the insurance naughty estate without which this absolutely would not have been possible how that before we move into the shade state clearly global oil firm around stop stops some venture captial since forming the first venture fund in silicon valley kunis four more venture capital funds than any other law firm in the world with over fifty years of experience working with abc's they help pcs forman frans make investments and a handle the mirror out of issues that arise through refunds lifetime so to learn more about the number one most active law firm representing vc by companies going public simply had a good clearly dot com we can check them out a clearly go dot com and do not gets checkout zoom the fastest growing video and web conferencing service providing one consistent enterprise experienced that allows you to engage in in an array of activities including video meetings and webinars collaboration enable conference rooms and persistent chat one easy platform plus is the easiest solution to manage scale unmee's and has the most straightforward affordable pricing don't take our word for it zoom is the top bracy conferencing app across various use a review sites including g to crowd on trust radius and you can sign up for a free account not a trial just visit zoom dot us but without further ado i'm thrilled to welcome a bourgeois found on see dear and co.
"vc" Discussed on The Twenty Minute VC
"At least you had a dialys finished today on your most recent publicly announced investment come why you said yes we've already made about five investments with our new hundred and twentyfive million not fun but only announce deal is fuzzy pet health it's a san francisco bay area company four and a half million dollar around announced in december with our friends at any ac precursor and as fee angel they are delivering advanced personalized pet care to the home and our investment thesis was of course the obvious things great founding team they provide a very affordable preventative care offering but for us i think the thing that really drove it was we talked to tons of pet owners and i haven't found 81 that thinks their primary that relationship and the office visit experience is a great one so this is trying to really transform the way pet healthcare is delivered to the pets and the pet owners braun as i said at the beginning at seventy great things boys from clinton on from judas it thank you so much for joining me saying it really has been such a pleasure thanks so much for making the time for mary i appreciate it what did i tell you such a special guest and i want to say again a big fan he to prime for being so open and transparent indians fear really was such a highlight for me and if you haven't checked out crosscutting check them out on cross cut door vc and again if you sign huge to clinton for if the in church bronze stay without which the said would not have been possible but if you'd like to see more from us behind the scenes you can see more nutrition and health wise on snapchat at age stabbings with tvs all you can find is on instagram for all things behind the scenes of the 20minute b c h stubbings nineteen ninetysix it'd be great see you that.
"vc" Discussed on The Twenty Minute VC
"Pain through the hoops inconvenient tv c a loves head of the key decision criteria that joy commitment as the you'll fuss three investments and may be held us changed when you examine the rigorous process that the i'm sure you in asked now with new opportunities i mean i think vera's so many different ways to be successful as a venture capitalist before i got into it i was talking to folks like dijon folks like fred wilson cheering their different approaches and i think it comes down to you can either be a very thesis driven venture capitalist like fred or you could be a founder driven venture capitalist like dijon and i think would fits better for my personality in the way i see things as being a sounder driven venture capitalists so kind of pride myself on being an excellent judge of people and talent over my years as an operator and so i think that i rely on that quite a bit visual not a good thing for me when i was first getting into the business i said how do you do this job ten he said i have three questions i asked myself and whenever i stray from any one of those three i tend to make mistakes but if i stick to own the three were number one do i love this product like do i love using this product if i wasn't working as a venture capitalists but i worked for this company and third do i think other people who love it i mean is it just me or do i think though you know other people will love it and i think that's kind of a great framework for how i looked at things too i have to tell us what a big challenges may whether it's really big surprises may be having as tunnel view vc would be big surprises on entering a longterm realizing that vision i think the biggest challenge to me is if you spent twenty plus years working at startups like a have you wake up every morning and you go move the ball forward on your say whatever that air you work at a company and you have some plan in ugo execute that planner of all the plan and it's very clear how you can spend all of your time working to make that thing better as a venture.
"vc" Discussed on The Twenty Minute VC
"Because if you're believer in an early market you have to give people the whole products like here's the full manifestation of that product and so that they can use it in its entirety without having to do any of the work of like integrating different parts and pieces together to make it work you have to literally give them out of the box and then if you just want to play out the open way of mobile internet case we were selling a mobile browser that was very reliant on hardware manufacturers to bill good phones that were easy to use so that you could then use the browser on that phoned in to access the mobile internet and get value out of it whereas akira at the time was research emotion you know blackberry and they basically had a similar vision they said yeah mobile internet is going to be a thing people are going to use their phones for something other than talking on it we're gonna build a single purpose email device and we're going to help people answered emails on their phone very efficiently and effectively and i think that was the right strategy for an early market i do want to discuss the transition from operations of eu c we spoke about some of the was that you've worked with one found that you by alexander loda before the end you also ray pointing question being hasn't operated tom vc he think characterizes you're proves chorny working with accompanies today i mean my approach is based on the fact that i think i'm pretty fortunate to be wellrounded executive at the start upset i worked at so iran engineering teams product design teams marketing partnership teams so i've seen with all the kind of the critical bits of inside the start upson had to make all those decisions around how we organize and how we hired how we plan and prioritise so i think my approach usually since what i have to go on is that experience i try to think of myself as a nick an extension of their team think of myself as an embedded resource that's helping them think through all these decisions just like i did when i was an operator john.
"vc" Discussed on The Twenty Minute VC
"This is the 20minute vc and found is friday with me harry stabbings you can find me and see all things behind the scenes from the show on snapchat at eight stabbings hutu bs i always love see that and i'd love to your thoughts on all at which can be found on the app store by searching for twenty vc 200 vc it'd be grade thorson feedback on vat how that to the show stay and i guess that i've been lucky enough to interview before on sastre and has helped me immensely in my journey a huge science them for that but i'm thrilled to welcome mass jazz found and see your out namely to the whole seats day now for those that don't note namely is the leading hr platform for midsized companies since founding namely matt has grown in the company to avert thousand clients a hundred and fifty thousand uses and has raised over hundred and fifty seven million dollars from the likes of sukhoi capsule true ventures matrix i'm bullpen just to name a few prior to name lead mount was cofounder of pick tela an an tech company he sold area while in two thousand ten and also a longtime media and advertising executive g to this incredible we'll success mass been named one hundred bucks intriguing entrepreneurs by goldman sachs i do so on say he's thank you to the wonderful pull martino bullpen for the insurance mount st without which this episode would not have been possible but before we dive into the show state the heart of any good company is is people that's why namely brings employees together own hr platform that everyone loves tease cases intuitive a social media at the powerful enough to spoil the comply steve today's workforce namely is the only one platform that helps companies manage hr payroll benefits on more dan mission to help midsized companies build besser workplace see how namely can transform your workplace at www don't namely dot com today and speaking of transforming space that's exactly what era can do error is the world's best reviewed wifi a system of error in area beacon this one is he connects to blanket your home in false reliable why flight despite the increased number of devices with christmas coming you'll still be able to get powerful mesh wifi in every nook and cranny of your home yes backyard included and no more dead.
"vc" Discussed on The Twenty Minute VC
"This is the 20minute vc with me harry stabbings at age dubbing with tvs on snapchat and we all banned for part of this very special feature week with excelled partners if you haven't listened to monday's episode with rich won't that really is a must and you can find it easily on on you twenty bc app on the app store found by searching for 200 vc in the search books would love to hear your thoughts on that but joining us support tuesday i'm thrilled to welcome jake throw momberg jake is a partner at excel as mentioned before one of the world's leading venture firms with the likes of facebook box slot and deliver in that portfolio as for james he specializes on all things big data and has led investments in the likes of damister origami logic sumoned logic try factor amzine data i'm prior to excel jake was director product management sprung when he was responsible for the products use interface and big data stress jeep before that he what to cloudera why he would help the founding team tackle a broad array of sales marketing and product issues again all credit to brian imad aid for the insurance j state without which this absolutely would not have been civil but before we dive into the show state the host of any good company is is people that's why namely brings employees together own ageold platform that everyone loves to use intuitive a social media the powerful enough to support the comply steve today's workforce namely as the oil in one platform that helps companies manage eight all payroll benefits on mold their mission to help midsize companies build besser workplace see how namely can transform your workplace at wwwxvbeautycom today and speaking of transforming the space that's exactly what era can do error is the world's best reviewed wifi a system of error in error beacon this one the he connects to blanket your home in false reliable why flight despite the increased number of devices with christmas coming you'll still be able to get powerful mesh wifi in every nook and cranny of your home yes backyard included and no more dead spor slow sports dropoffs all buffering right out of the box and errors only available in the us in canada and you can check it out erodecom but without further ado i'm thrilled to hand over to jape from hamburg.
"vc" Discussed on The Twenty Minute VC
"Cycle of a deal starting with sourcing in finding the incredible pronouncing cells portfolio than discuss some of the investing more incessant mechanics and then to post investment how you think about scaling in and being an offensive board member how does that sound that sounds great in terms of stalling on the sourcing of great deals you spoken before about the globalization of vc what are you really mean by this and and how we seeing a fundamental shift in mindset g think absolutely so when i started in the vc industry i guess was eleven years ago now i think the historical conventional wisdom at the time was that you would only want to invest in companies that you could quote unquote drive to or that were very low coal i hear a silicon valley i think that was relatively logical and empirical in that you'll most of the big outcomes are the previous year whether in the software the internet or the networking space where all largely microsoft being obsolete exception a largely either on the west coast of the bay area specifically and so there was this belief that there was this concentration of talented so the vast majority of your dog all those should end up here i think it's pretty obvious now whether it's companies like spotify or supercell lower at last seen or other companies of that form that that is now outdated view in i think it's simply put all the innovations that we've all spent time on whether it's broadband telecoms or mobile or the ability to do distribution over the internet whether it's through search words like you add words score social distribution through twitter facebook it allows companies to store far from silicon valley in actually in many cases growth a multibillion dollar companies not based in the valley and so i think it's a true renaissance that's been happening of silicon valley going for being a fiscal place to being in some cases an entrepreneurial mindset that's not physically based here i think broadly admits a very positive in good thing in that it just creates a greater amount of entrepreneurial opportunity both for founders and of course for those of us that assist them you know the feces investors you you mentioned the transition from kind of purely caitian to mines that and some of the companies that you've buying through so.
"vc" Discussed on The Twenty Minute VC
"Mm all fall dot com i really caught recommended enough and speaking of super high recommendations i'm sleeping well at the moment and before you suggest asked you to me he took consumption all credit has to be given to my new symbol hybrid it's the most of bombs mantras in the world with a unique combination of two thousand five hundred clinical pocket springs unresponsive memory foam it offers the perfect support for two people a matches the response to you and your partner sleeping patten's delivered free with one hundred nights late schaal free returns and a 10year guarantee it's an absolute must and you can start your free trial is simba sleep dot com likewise if he follow me on snapchat at age stabbings were to be eased you'll see my love for both simba an raden very visibly in all snapshot stories it be great see that how that you've heard quite enough for me so i am now delighted to hand over to alex ram pal general paul not andreessen horowitz one you have now arrived at your destination alex is such a pleasure to have you on the show stay i had so many great things from both mastodon mocks in thank you so much for joining me status it's my pleasure i'd love to guest also the state with a little about you anymore lesser when you joined andreessen he discuss your first business attend tend towards me about how you made your way into entrepreneurship and how that leads to translated into vc with andreessen shirt so's it was actually by accident i was not trying to be an entrepreneur now start trying to start a business and it's actually a little bit aggressive to call it a business back at at each 10 but i got a mac in this was i was born nights sandyawan so i gotta mack probably in the late eighties maybe 1987 1988 you're all those opera there was for windows and i get this extensive computer actually my grandmother for me and i complained about this nice tip that i got ceo i didn't want this i armed with ec there's no software for back so my father's said well wanted to learn how to write your own software said at the planning about so your book on unsee and i started reading the book on c anna.
"vc" Discussed on The Twenty Minute VC
"This is the 20minute vc with me harry stabbings as you will know by now you can help me on snapchat h debbie's hutu beast i really am always very accessible that i love to you'll still some feedback however to the shirts day and states guest is not really a vc but hey after 1200 interviews live a ten thousand hours with abc's i think i can bend the rules slightly a motorway to bend them stay with all guest eric greece joining me and the whole seat today for those that have been living under a rock eric he's the author of the international best sellers install soft which changed the language of business introducing tom such as ap testing mvp on pivoting itself the book has sold over two million copies amend translates to numerous languages global stole saw movement harry's also the author of the recently released the lean stall subway detailing transformations attack titans such as facebook amazon providing a framework for entrepreneurs management in addition aristotle so the founder and ceo of the lonely tom stock exchange and has served as an email the lights of hall the business school audio i'm pivot so i do so says she's thank you eric charm bucked the mom behind the introduction so we really do appreciate that an error it really has been fantastic to the show but before we dive into the show you stay in this profession we will do a lot of travel and it was not math amine my flame would die out worry about most cases the list goes on and then i had joshi dash kim from raid on the show one in the cases of the episode and he's genuinely change the game for me because there are move by shrink to act stone will usb posts i never have to worry about adept battery when travelling now it's also locational lack with builds in baluchis meaning you have this incredible dish to pulse from you'll raden hit even houses self this seat so you would show you never go over your allowance.