20VC: Why Companies Going Bust Is Part Of The Plan, Why Most VCs Are Later Stage Than They Think & Why Venture Capital Is Humbling with Charlie O'Donnell, Founder @ Brooklyn Bridge Ventures

Bryan Johnson is an entrepreneur and investor. He is the founder of OS Fund and Braintree, the latter of which was bought by eBay in 2013 for $800 million in cash. Bryan launched OS Fund in 2014 with $100 million of his personal capital to support inventors and scientists who aim to benefit humanity. His investments include endeavors to extend healthy human life to 100+ (Human Longevity), replicate the human visual cortex (Vicarious), mine an asteroid (Planetary Resources), reinvent transportation (Matternet), and reimagine food (Hampton Creek), among others. A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! In Today's Episode You Will Learn: 1.) How Bryan made his start in the world of tech and how he has come to the OS fund today? 2.) What was the pivotal moment in Bryan's career? When was the turning point? What was was the hardest part of the entrepreneurial journey and how did Bryan conquer it? 3.) What is the main motivation behind the OS fund? Which areas does Bryan most want to solve and where does he see significant market opportunities? 4.) Does the longevity of return to Bryan's exits concern him? Most investments exit with 10 years, human lifespan startups take a little longer! What sort of time frame does Bryan have in mind when investing in these companies? 5.) What does Bryan really perceive synthetic biology to mean? Are we seeing improvements in this sector? 6.) The OS Fund have recently released a white paper detailing extensively their process for investing? Why did Bryan decide on this open source style of investing? 7.) What would Bryan like to see more of? Where does Bryan see a lot of people investing that he thinks is a mistake? Items Mentioned In Today's Episode: Bryan's Fave Book: Endurance: Shackleton’s Incredible Voyage to the Antarctic Bryan's Most Recent Investment: Ginkgo Bioworks As always you can follow The Twenty Minute VC, Harry and Bryan 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!

25 Jan 201618min

James Beshara is the Co-Founder @ Tilt the micro-crowdfunding platform that allows you to receive funding from friends—changing the way collaborative funding works. Tilt has raised $37 million from 3 rounds of funding from the likes of Andreesen, SV Angel, Alexis Ohanian, Naval Ravikant and Sean Parker just to name a few. As for James Before co-founding Tilt, he studied Development Economics as an undergrad and then went on to build dvelo.org, a site for crowdfunding loans and donations to poverty-alleviation organizations in developing countries. In order to vote for who you think will win James and Harry's beer pong match, head over to @twentyminutevc on Twitter and vote using our poll. A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! Click To Play In Today's Episode You Will Learn: 1.) What were the origins of Tilt? How did James go from a micro loans collector in Africa to founder of one of SF's hottest startups? 2.) What does James make of the current crowdfunding landscape? What will it take for crowdfunding to go mass market? 3.) What are Tilt doing to make crowdfunding more bite sized and consumer friendly? How important is the on boarding process for Tilt? How are Tilt approaching customer retention? What are James' targets for the year ahead with Tilt? 4.) With investors like Andreesen, SV Angel, Naval Ravikant, Sean Parker just to name a few, what the investment journey like? I heard the first funding took 6-8 months and the series A took 6 days with a16z. What changed to turn it around? 5.) On PH LIVE James stated that founding a company is a destination less journey and although admirable I struggle with that from the investors perspective. How did James sell a startup in a pitch with no exit strategy? 6.) What was it that attracted James to the investors that he chose? What value add was James most attracted to? Items Mentioned In Today's Episode: James' Fave Book: 100 Years of Solitude, The Power Of Now As always you can follow The Twenty Minute VC, Harry 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!

22 Jan 201623min

James Cameron is an early stage investor at Accel where he focuses on enterprise software, security, fintech and marketplace businesses. Prior to joining Accel, he founded and ran BipSync, a SaaS-based research platform for investment management. James also spent time on the tech banking team at Morgan Stanley and as a corporate lawyer at Freshfields Bruckhaus Deringer in London, Shanghai and Hong Kong. A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! In Today's Episode You Will Learn: 1.) How James made his way into the world of startups and investing? 2.) How does James go about finding the needles in the haystack in the sea of amazing startups? Do James use data to find great companies? Do you think this will be a continuing trend, in terms of algorithmic deal sourcing? 3.) What cool stuff has James been seeing in the enterprise software and security sector? Does James think there are any underhyped or overhyped segments of these markets? 4.) One very dominant eco system for tech in general but specifically security is Israel, how do the UK and Israeli ecosystems differ? Is there anything we can do in the UK to harness the spirit encapsulated by the Israeli ecosystem? 5.) What are the catalysts or drivers of these communities’ growth? Do you agree with Marc Andreesen in saying we shouldn't think about building "The Silicon Valley of X" because the components that make up SV aren't repeatable and areas should instead specialize on specific verticals, like bitcoin or security. What do you think about that concept? Items Mentioned In Today's Episode: James' Fave Book: Crossing The Chasm James' Fave Blog or Newsletter: Adrian Colyer: The Morning Paper James' Most Recent Investment: Doctolib As always you can follow The Twenty Minute VC, Harry 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!

20 Jan 201626min

Fred Destin is General Partner at Accel in London where he focuses on consumer and software investments. He is the lead investor and board member at Deliveroo, Pillpack (featured in ep: 89 with Eric Paley) and KNC. Prior to Accel, he was a partner at Atlas Venture where he worked with with companies like Zoopla (public), Secret Escapes, Integral Ad Science, Dailymotion (acquired by Orange), PriceMinister (acquired by Rakuten) and others. A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! Click To Play In Today's Episode You Will Learn: 1.) How Fred made his way into the world of startups and investing? 2.) What is it like investing in rocketships like Deliveroo and PillPack? 3.) What are the reasons most startups fail at the seed stage? What are the most common reasons that founders get fired? 4.) Why does Fred believe raising a Series B so tough? Is it the embodiment of the funding barbell? 5.) What are Fred's thoughts on VC founder alignment? Why does Fred deliberately cause tension between a founder prior to making an investment? In what form does this take? 6.) When I asked Fred for topics he was interested in, he gave me a list and one of them, I have never had suggested before and it is ‘Why are VC’s so schizo’? What does Fred mean? Items Mentioned In Today's Episode: Fred's Fave Book: Mikhail Bulgakov: The Master & Margarita Fred's Fave Blog or Newsletter: The Atlantic, Tech.eu Fred's Most Recent Investment: Deliveroo As always you can follow The Twenty Minute VC, Harry and Fred 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 Jan 201640min

Matt Lieber is cofounder and President of Gimlet Media. In a previous life, Matt produced radio shows (On Point, Fair Game) and podcasts (Slate Culture Gabfest). He also worked as a management consultant at The Boston Consulting Group, where he focused on media and digital business. Then he chucked it all for Gimlet. He holds an MBA from MIT Sloan. In Today's Show You Will Learn: 1.) Matt reveals the origins of Gimlet? 2.) What were the dilemmas for Matt in raising Gimlet's round? What determinant made Matt realize raising was right? What advice would Matt give to founders who are unsure if they should raise or not? 3.) One of the main concerns with raising suggested by Alex Blumberg was that the company would feel like a totally different company, and by different ‘I mean worse’, to quote Alex. So how can a Founder maintain company culture as they grow excessively? 4.) Why did Matt decide to play it cool and not announce to VCs Gimlet were raising? Did Matt expect to get a term sheet as quickly and easily as he did? Were there any hiccups to the funding process? Were Gimlet tempted by any other offers? What value add about Tim O'Reilly made Gimlet most attracted to him? 5.) Question from Matt Hartman at Betaworks: How does Gimlet decide which new shows to create? Is it about creating new shows for an overlapping audience or to expanding audience demographics?? 6.) Where does Matt see the future of podcasting going? Many do not believe in it’s potential to be a big business, what does Matt say? What are the challenges, what needs to happen to combat them? Items Mentioned In Today's Episode: Matt's Fave Book: Great Plains by Ian Frazier Matt's Fave Blog: Stratechery by Ben Thompson As always you can follow The Twenty Minute VC, Harry and Matt on Twitter here! Likewise, if you would like to see a more colourful side to Harry with many a mojito session, follow him on Instagram here!

15 Jan 201624min

Kate Shillo is Director @ Galvanize Ventures, a prolific seed fund which acts as the the investment arm of Galvanize -- a collection of "tech campuses" that offer coworking space and educational programs in order to encourage continuous learning and helping others to grow. within Galvanize, the organization focused on continuous learning and helping others to grow. To date Galvanize ventures have made an astonishing 48 investments in 2 years. Prior to Galvanize, Kate helped Ken Lerer launch Lerer Ventures, now called Lerer Hippeau Ventures due to the addition of Eric Hippeau who was only the show only recently, there Kate lead the investments in the likes of Venmo and Paperless Post. A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! In Today's Episode You Will Learn: 1.) How Kate made her way into the world of startups and investing? 2.) What were the biggest takeaways from Kate's time at Lerer Hippeau Ventures and working with the amazing Ken Lerer? 3.) What was it about Galvanize that made Kate leave LHV and Kate provides a brief synopsis on Galvanize Ventures? Sectors? Stage? Geography? 4.) With 42 investments since Feb 2014. What is the strategy at Galvanize? Galvanize's sector weighting is largest in mobile, how does Kate view the space and how would Kate respond to the likes of Fred Wilson stating consumer mobile is very difficult with difficult customer acquisition and then even harder, customer retention? 5.) How has the process been for Kate in establishing the fund? What are Kate and Galvanize's key differentiators to the sea of other NYC seed funds? How does Kate approach deal sourcing at Galvanize? If investing outside the Galvanize community, what channels are the preferred channels? 6.) Why is Kate so excited about hardware? Where does Kate see the future of IOT going? Is crowdfunding an option for hardware startups? Items Mentioned In Today's Episode: Kate's Fave Book: The God of Small Things Kate's Fave Mobile Apps: Slack, Sunrise Calendar, Moments, TwoDots, Panna, Wildcard Kate's Fave Blog or Newsletter: AVC, Ben Evans Kate's Most Recent Investment: Msg.ai As always you can follow The Twenty Minute VC, Harry and Kate 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!

13 Jan 201629min

David Tisch is the Managing Partner of BoxGroup, one of New York most prolific seed investors with investments in over 120 seed-stage technology companies including Vine, Sunrise Calendar, Warby Parker, Harry’s, Oscar, Meerkat, and Zady. As of 2014, David is also the Co-Founder of Spring, an app that allows the worlds best brands to sell directly to consumers on mobile, with his brother Alan who is the CEO. Prior to Box and Spring, David co-founded TechStars NYC, and was named to NYC Mayor Bloomberg’s Advisory Council on Technology. A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! Click To Play In Today's Episode You Will Learn: 1.) How David made his way into the world of startups and investing? 2.) Having started Box in 2008, how has David seen the NY venture and startup scene develop over the last years? Matt Hartman @ Betaworks: how has that impacted the type of investments you make? Has it changed your thesis, theme, or any other aspect of how you invest? Kanyi Maqubela @ Collaborative: Does an ecosystem need anchor companies to be great? What are New York's anchor companies? 3.) What is the vision with Box? Is this a fund that lasts through the ages? Last year I heard you made 3 hires, is this a sign of a desire to create the NYC fund? At Box you have a weighting towards mobile consumer tech, how do you respond to Fred Wilson’s post about the mobile downtown and the difficulty in attaining and maintating traction for mobile apps? 4.) What was the motivation behind moving into the world of entrepreneurship with Spring? What aspects of Alan's and Box as a product has contributed to it’s massive success? Items Mentioned In Today's Episode: David's Fave Productivity Tools: Captio David's Most Recent Investment: Nucleus: The Smart Home Wireless Intercom As always you can follow The Twenty Minute VC, Harry and David 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!

11 Jan 201631min

Ivan Mazour is a serial entrepreneur, investor and author. He is the CEO and Founder of Ometria - a predictive analytics and marketing platform built specifically for retailers, letting them use data to increase revenues and provide an improved customer experience. Alongside this main role, he is also the Founding Partner of Innova Kapital - an early stage VC firm investing in UK-based technology startups, including companies like YPlan and organisations like Entrepreneur First. Ivan also writes a popular blog called “A Young Entrepreneur in London”. A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! Click To Play In Today's Episode You Will Learn: 1.) How Ivan progressed from making 30+ investments to founding one of Europe's hottest startups? 2.) Considering Ivan's recent fundraising, what does Ivan think of the recent funding environment and landscape? How was it raising venture funding now? 3.) What was the difference between raising an angel round to raising a VC round? Did Ivan have to adapt your pitch accordingly? Do they have differing desires and expectations? 4.) Having raised both VC and angel money recently for Ometria, how has that led Ivan to view his own investing style? Is there anything Ivan looks for or at differently now he has experienced fundraising from the other side? 5.) What have been the hardest and most challenging aspects of growing Ometria? How did Ivan overcome them? 6.) Taking futuristically now on the sector of e-commerce, where does Ivan see the future of technology integrating with retail? Will we see an end to bricks and mortar stores? Items Mentioned In Today's Episode: Ivan's Fave Book: Rich Dad, Poor Dad & How To Win Friends And Influence People Ivan's Fave Blog or Newsletter: Saastr Ivan's Fave Productivity Tools: ToDoist, Google Keep, Google Hangouts As always you can follow The Twenty Minute VC, Harry and Ivan 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!

8 Jan 201631min