20VC: Elad Gil's High Growth Handbook on The Commonalities of The Truly Great CEOs, How To Hire The Very Best Execs, Why Cash is A Defensible Moat Today & The Pros and Cons of M&A and IPOs

Kirsty Nathoo is the CFO of Y Combinator. As CFO, she holds the keys to the kingdom – literally. Not only does she control and manage Y Combinator’s internal finances, from paying bills to helping organize demo days to actually making sure Y Combinator’s money is wired to startups from the proper accounts; but she helps YC startups coordinate outside financings, tax issues, incorporation and other fiscal matters. She’s the financial brains behind the entire operation, with YC partner Harj Taggar stating that ‘YC would cease to operate if Kirsty was not around’. In Today's Episode You Will Learn: 1.) How Kirsty made her move from PWC in Cambridge to CFO at the World’s Most Successful Accelerator? 2.) Joining YC permanently in 2010, how has Kirsty seen it develop to today’s current state? What has been the key drivers to the success and growth of YC? 3.) As CFO Kirsty has developed a certain pattern recognition with regards to what investors and VCs like to see in the terms of startups. What are they? 4.) Kirsty has seen the progression of many startups, what are the most common problems startups face in the fundraising cycle? What are the commonalities in those that are successful? 5.) How does YC address the issue of potentially inflated valuations for their alum? 6.) What are some financials that all founders should know all the time? 7.) What is the future for YC? Are we going to see another funding round? Is the YC model scalable? Could we have a YC Europe? As always you can follow Harry, The Twenty Minute VC and Y Combinator on Twitter here! If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!

28 Syys 201527min

Alice Bentinck is Co-Founder at Entrepreneurs First, the accelerator program that puts founders first! Previously, Alice worked at prestigious consultancy firm McKinsey & Co, before turning down an offer from Google to found Entrepreneur First alongside Matt. She taught herself to code, and founded Code First Girls in 2013 to help more women get into tech. She sits on the board of Sherry Coutu's Founders4Schools, is on Imperial College London's Department of Computing Industrial Liaison Board, and acted as the Prime Minister's expert on startups at the Northern Future Forum. She has been recognised in Management Today’s 35 under 35 and the Evening Standard’s Top 1000 most influential Londoners. In Today's Episode You Will Learn: 1.) How Alice came up with the idea for EF and why she decided to found the company? 2.) What would Alice recommend is the best way to build a company from scratch? EF is for technical individuals, what can non technical individuals do? 3.) What would Alice say makes a great founder? Has she seen any commonalities in the great founders that have exited EF? 4.) What is Alice's opinion on equity divisions within startups? What is the right way to approach the topic? 5.) What should teams focus on in the first 100 days of their startup? What is the 20% that produces 80% of the results? 6.) What has been the hardest aspect of growing the business and how did Alice overcome it? As always you can follow Harry, The Twenty Minute VC and Alice on Twitter here! If you would like to see a more colourful side to Harry and many a mojito session, you can follow him on Instagram here!

25 Syys 201520min

Bob Kocher is a Partner at Venrock and focuses on healthcare IT and services investments. He currently serves on the Boards of Aledade and Jiff, and is a Board Observer at Grand Rounds and Doctor on Demand. Prior to Venrock, Bob served in the Obama Administration as Special Assistant to the President for Healthcare and Economic Policy on the National Economic Council. In the Obama Administration, Bob was one of the shapers of the Affordable Care Act. Before the White House, Bob was a Partner at McKinsey & Company where he led McKinsey Global Institute’s healthcare economics work and Center for United States Health System Reform. In Today's Episode You Will Learn: 1.) How Bob made his way from The White House to Venrock as a VC? 2.) How did working at The White House prepare Bob for his career as a VC, where does Bob have the biggest opportunity to change the healthcare system? 3.) What are the barriers to entry that a preventing full scale innovation and business growth in the healthcare IT space? 4.) Why have we seen a large increase in healthcare startups? What more would you Bob like to see in the healthcare space, either from the side of the startups or VC’s? 5.) How does Bob perceive the integration of software and healthcare in the future? 6.) As a healthcare professional, what would Bob recommend an individual with a high powered, demanding job in order to lead a healthy lifestyle? Items Mentioned In Todays Episode: Bob's Fave Book: The System Bob's Most Recent Investment: Lyra Health As always you can follow Harry, The Twenty Minute VC and Bob on Twitter here! If you would like to see a more colourful side to Harry with many a mojito night, you can follow him on Instagram here!

23 Syys 201519min

Michael Treskow is a VC @ Accel Partners, one of the world's most successful venture firms having funded the likes of Facebook, Dropbox, Spotify, Etsy and many more. At Accel, Michael is responsible for the firm’s investments in SpaceApe, a mobile games developer, and GoCardless, an online direct debt provider. Michael was also instrumental in Accel's investments and ongoing work with Funding Circle, Packlink, Qubit, Semmle, Trufa and WorldRemit. Prior to Accel, Michael focused on early-stage investments in technology companies at Warburg Pincus in San Francisco, invested in publicly traded technology companies at Highside Capital, and helped advise technology companies as part of Morgan Stanley's investment banking team in New York. In Today's Episode You Will Learn: 1.) How Michael made his way into the VC industry? Do you think it is very important for VCs to have entrepreneurial experience? 2.) How does Michael compare the investing environments between London and SF? What was his biggest takeaway from Warburg Pincus in SF? 3.) Accel is stage agnostic, why is that? What size market attracts Michael? How can Michael tell whether founders have the ability to exploit the market? 4.) What Michael believes are his key value adds? Have these changed over time? 5.) We often hear startups being described as ‘uber for’, ‘tinder for’. Do VCs like this simplification of business? How else would Michael suggest a complex concept can be broken down into something easily digestible? 6.) Does Michael still believe there is room for improvement in the consumerisation of enterprise software? Does Emergence Capital's pivot signal a turning tide? Items Mentioned In Todays Episode: Michael's Fave Book: The Innovator's Dilemma, Crossing The Chasm Michael Productivity Tools: Wunderlist Michael's Fave Blog or Newsletter: Dan Primack, Term Sheet Michael' Most Recent Investment: CartoDB As always you can follow Harry, The Twenty Minute VC and Michael on Twitter here! If you would like to see a more colourful side to Harry with many a mojito night, you can follow him on Instagram here!

21 Syys 201523min

James Borow is Chief Product Officer at Brand Networks which delivers social marketing and advertising to 650 enterprise customers, following their acquisition of Shift where James was CEO and Co-Founder and led the business to being the No 1 marketing software company for social advertisers with clients such as Linkedin, Twitter and Facebook. James was named a semi-finalist for Ernst & Young’s Entrepreneur Of The Year Award in 2014, and is a thought leader in digital advertising, with articles in Forbes, The New York Times, Bloomberg and Business Insider. James is also an active angel investor, having invested in Kixer, a mobile advertising platform, Gradient X, a mobile DSP (acquired by SingTel) and Conversion Logic, an online advertising attribution platform. In Today's Episode You Will Learn: 1.) What were James' entrepreneurial origins and what was his aha moment? 2.) How did James get his first clients and what were the hardest aspects of growing the business? 3.) What was it like working with these tech titans like Twitter, Facebook and Linkedin? 4.) Shift obtained $14m in VC funding. How did James meet his investors? How was the fundraising experience for James? What were the surprises and challenging aspects? 5.) Shift was acquired by Brand Networks for $50m but what were James' reasons for selling? Was there any clash between James and his investors when it came to the sale? 6.) What advice would James give to founders contemplating selling their business to larger acquirers? Items Mentioned In Today's Show: James' Fave Book: John Adams by Dave McCullough James' Fave Apps: Snapchat, Business Insider and ProductHunt As always you can follow Harry, The Twenty Minute VC and James on Twitter here! If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!

18 Syys 201529min

Fabrice Grinda is among the world’s leading Internet entrepreneurs and investors with over $300 million in exits and 200 angel investments including the likes of Alibaba, LendingClub and BrightRoll. Fabrice is currently investing in startups and building companies through FJ Labs, which he cofounded with business partner Jose Marin. Fabrice is also co-founder and executive chairman of Beepi, a next generation used car marketplace which recently raised $60 million in series B funding. Prior to FJ Labs and Beepi, Fabrice was co-founder and co-CEO of OLX, one of the largest websites in the world with over 200 million unique visitors per month. Submit Your Startup To Fabrice In Today's Episode You Will Learn: 1.) How did Fabrice make his entry into the world of investing? 2.) How important is it for investors to have entrepreneurial experience? 3.) What are the most common problems Fabrice's portfolio companies face? 4.) What is Fabrice's selection criteria for startups when investing and what determines the valuation of a startup? 5.) How does Fabrice respond to the allegation that he is a clone collector? 6.) With Fabrice's $1m syndicate, does he believe syndicates have the potential to replace VC? Items Mentioned In Today's Show: Fabrice's Fave Book: What If by Randall Munroe, Think Like A Freak by Stephen Dubner Fabrice's Fave Newsletter: TechCrunch Fabric's Most Recent Investment: Flexport As always you can follow Harry, The Twenty Minute VC and Fabrice on Twitter here! If you would like to see a more colourful side to Harry with many a mojito session, you can follow Harry on Instagram here!

16 Syys 201531min

Nicholas Chirls is the Founder and Partner @ Notation Capital, one of New York's genuine pre-seed funds investing in pre-growth startups with huge potential. Prior to Notation, Nichoas was Head of Investment at Betaworks, leading investments in companies such as Electric Objects, Estimote, URX, Namo Media (acquired by Twitter) and Grand St. (acquired by Etsy). If you would like to email Nick, his email is nick@notationcapital.com In Today's Episode You Will Learn: 1.) How Nick made his move into the venture industry? 2.) Who does Nick consider a mentor and thought leader in the VC industry? 3.) Why now is the best time to be a pre-seed fund in NYC? 4.) At the pre-seed stage what metrics does Notation focus on? 5.) How does Nicholas evaluate the valuation ecosystem? 6.) How does Nicholas handle deal sourcing? Where does he find startups to invest in? 7.) Does crowdfunding act as a competing finance method at the pre-seed stage? Items Mentioned In Today's Episode: Nick's Fave Book: My Brilliant Friend by Elena Ferrante Nick's Fave Newsletter: Wait But Why Nick Most Recent Investment: Zipdrug: Your Prescriptions Delivered on Demand Best Meditation Apps: Headspace, Calm As always you can follow Harry, The Twenty Minute VC, Nick and Notation on Twitter here! If you would like to see a more colourful side to Harry with many mojito sessions, you can follow him on Instagram here!

14 Syys 201529min

Eric ver Ploeg has sat on both sides of the table as an entrepreneur and a VC. Eric started his career as an entrepreneur with the founding of Adknowledge, the 1st internet ad serving company, which was sold for $193m. He then went on to Angara, a Kleiner Perkins backed startup which led to his move into venture with VantagePoint, where he led VantagePoint's investment activities in the mobile arena, leading over $160m in investments. Eric is also a fantastic writer and his articles can be found on Medium here! In Today's Episode You Will Learn: 1.) How Eric made the move from Angara, Kleiner Perkins company, to his role in venture? 2.) How being a founder affected how Eric interacted and invested in startups? 3.) How can founders learn the skills of interacting with their investors and board? 4.) What makes the hot companies, hot and the others struggle? 5.) Does Eric agree with startups raising a 'warchest' of funds if they can? How can startups determine what is the right amount to raise? 6.) Why are SF angels so much more successful than other investors? What do they have that other do not? Items Mentioned In Today's Show: Eric's Fave Book: The Lean Startup by Eric Ries, Crossing The Chasm by Geoffrey Moore Eric's Fave Newsletter or Blog: Tomasz Tunguz Research and analysis provided by CB Insights As always you can follow Harry, The Twenty Minute VC and Eric on Twitter here? To see a more colourful side to Harry's personality and a few mojito sessions, you can follow Harry on Instagram here!

9 Syys 201529min