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Aired 8 months ago 45:37
20VC: The 2 Core Roles Played By The Best Seed Investors Today, What To Look For In Potential Co-Investors & Why Seed Funds Can Grow Ownership in Their Best Companies Across Rounds with Ron Bouganim, Founder @ Govtech Fund
Ron Bouganim is the Founding Partner @ Govtech Fund, the first-ever venture capital fund dedicated to government technology startups. To date, he has backed some incredible category leaders including mark43, Neighbourly, MindMixer and SeamlessDocs just to name a few. Prior to GovTech, he was Accelerator Director @ Code for America and was an active angel investor and advisor working with more than twenty startups including ShareThrough, HelloSign, PagerDuty, and Close.io. In Today’s Episode You Will Learn: 1.) How Ron made his way into the world of technology and startups and became angel investing? How that led to the founding of Govtech and the belief in the space today? 2.) There is the notion that there many challenges to investing in Govtech and scaling companies in the space, how does Ron respond to the suggestion the sales cycles when selling to government are too long for startups to navigate successfully? How does Ron respond to the suggestion that the growth rates in the space are to low for venture returns? How does Ron respond to the suggestion that founders in the space are inherently older as only they have experienced the problems of government tech? 3.) Why does Ron believe that a vertically focused fund is the right strategy is creating a massively outperforming fund? How does Ron respond to the possibility of missing moonshots in alternate categories? What does Ron most look for in the co-investors that he invests with? What do they bring to the table? 4.) What does Ron believe are the 2 fundamental roles of a seed investor today? How does that differ from previous generations of seed funds? Why does Ron believe that fundraising and hiring help is now merely table stakes? What else can seed investors do to meaningfully move the needle for their portfolio? 5.) Why does Ron advocate for a highly concentrated portfolio? How does Ron respond to LP concerns around a lack of diversification? Does Ron believe that you can grow ownership of your best companies over subsequent rounds? What is the sign of success for Ron when the founder comes back for re-financing? Items Mentioned In Today’s Show: Ron’s Fave Book: Leonardo Da Vinci by Walter Isaacson Ron’s Most Recent Investment: Sema: Automated Code Maintenance As always you can follow Harry, The Twenty Minute VC and Ron on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
The Twenty Minute VC
Aired 2 d ago 30:14
20VC: Why Historical Loss Ratios Are Simply Too High, Why Data Is The #1 Most Important Piece When Evaluating Effective Reserve Allocation & Why Nothing Is Truly Defensible Today with Jonathan Hsu, Co-Founder and General Partner @ Tribe Capital
Jonathan Hsu is Co-Founder & General Partner @ Tribe Capital, one of Silicon Valley's newest funds on the block being founded by Jonathan, Arjun Sethi and Ted Maidenberg. To date, Tribe has invested in the likes of Carta, Cover, Mode Analytics, Prodigy and SFOX. As for Jonathan, before founding Tribe he was a Partner @ Social Capital where he utilized data and technology to augment sourcing, evaluation of investment opportunities and the management and value add for portfolio companies. Before that he led the creation of the analytics and data science team at Facebook, including leading the hiring of 200 of the world's leading data scientists and analysts. In Today’s Episode You Will Learn: 1.) How Jonathan made his way from leading 200 data scientists at Facebook to the world of venture and founding his own firm in the form of Tribe Capital today? 2.) If we structure VC simplistically, there are 4 core components: Sourcing: How does Jonathan think about the role of data in actively surfacing the best opportunities? that are the leading data fields that Jonathan would track? Why does Jonathan believe most early-stage firms are just using Linkedin Sales Navigator intelligently? Evaluating: How does Jonathan think about the potential for data to really aid in the picking process? At what stage does this really become possible? How much data is required for data to evaluate opportunities? Winning: Winning deals is seemingly a case of human relationships but how does Jonathan think intelligent data usage and benchmarking can actually help firms win the most competitive deals? Value Add: How does Jonathan think about portfolio management with data? How does this differ from the more traditional "value add" that other VCs provide? Where are the common pitfalls Series A companies you work with face in not achieving product-market fit? 3.) Given the data-driven nature of the approach, does Jonathan think that there is an optimal portfolio construction? Why does Jonathan strongly believe that historical loss ratios are too high? Does data allow firms to really intelligently price these assets at the Series A and B? What are the challenges in pricing these assets so early? 4.) How does Jonathan think about reserve allocation? Why is data more critical than ever in the decision to re-invest or not? What are the leading data signals that Jonathan looks for when determining reserve allocation? Why does Jonathan think that so many firms go wrong in how they approach reserve management and distribution? 5.) Question from Henry Ward @ Carta: What does N of 1 markets mean to you Jonathan? Why are they so inherently attractive? How do pricing dynamics play out in markets that are N of 1? How does Jonathan think about defensibility when analysing opportunities today? Is anything truly defensible anymore? Items Mentioned In Today’s Show: Jonathan’s Fave Book: The Origins of Political Order: From Prehuman Times to the French Revolution Jonathan’s Most Recent Investment: Carta As always you can follow Harry, The Twenty Minute VC and Jonathan on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
The Twenty Minute VC
Aired 6 d ago 35:11
How To Solve A Nation Wide Health Crisis With Connor Young - 20 Minute Fitness Episode #082
Today on the 20 Minute Fitness podcast we have the second half of our interview with Connor Young, the founder of Ample Foods. As you could hear in the first half of the interview, Ample Foods is a meal replacement company that provides you with your optimal nutrition on your busiest day no matter what diet you follow.As the head of a "food company", Connor knows a lot about nutrition, but also various food intolerances and diets and he shares it all with you in today's episode. We'll cover everything from extreme dieters to fundamental issues of our agriculture & food industry as a whole to Connor's hopes for a more health conscious future.Listen to this week's episode to hear about all the ins and outs of nutrition, Connor's future vision for Ample and how he thinks our society could be pushed towards healthier eating habits!Three Things You Will Learn1) Extremist Diets: Who Should & Shouldn't Follow ThemUnfortunately not all of us our lucky enough to be able to eat without restrictions. Those who suffer from certain illnesses or food intolerances may not be able to enjoy certain foods ever in their lives. For these people, extreme diets can actually bring amazing health benefits. But for those who don't suffer from any health issues and their bodies digest all sorts of food well, these extreme diets may not be the solution to anything. Finding some moderation in our lives is crucial, as we can't just think about our physical health, but also need to pay attention to our mental health at all times. Press play to hear Connor sharing his thoughts about extreme dieters and his own personal struggles with food intolerances!2) Challenges of A Healthy Nation Wide DietWhen we think about our society's health crisis, most of us tend to associate it with the lack of education or affordability issues. While these are both relevant to the problem, these are just the byproducts of some more fundamental issues. According to Connor, the whole crisis can be rooted back to the artificially low prices of commodity corps, like wheat, corn and soy. As these low prices had created a surplus of these cheap ingredients for big food companies, they became incentivized to convince people that they are healthy. Which in reality caused a nation-wide addiction to these actually not-too-healthy corps.Learn more about this long-lasting issue, its potential solutions and our responsibilities as consumers!3) Future Hopes Vs Thoughts On Eating HabitsWe all have some big hopes for the society moving into a more health-conscious direction, and Connor is not an exception. He thinks that there are certain measures, which will of course take time and effort, that can be done to push the nation as a whole in a good direction. Things like trying to tighten the feedback loop between food company's products and their consumers health, conducting better nutrition studies, shifting our agriculture to a new direction, are just a couple of examples here. However do these "hopes" reflect a realistic picture for our future? Listen to this week's episode to find out now!
20 Minute Fitness