20VC: Greylock's John Lilly on How Greylock Continues To Invest In The Next Big Markets, The Importance Of Building Tribes & Why There will Be Another Boom In Mobile

Aydin Senkut is the Founder and Managing Director of Felicis Ventures. An original “super-angel” investor, he was named to Forbes’ 2014 and 2015 Midas List and previously appeared as one of the top 15 tech angels by Businessweek. Aydin is well-known as an early backer of a number of iconic companies including Shopify (NYSE:SHOP), Fitbit (NYSE:FIT), Adyen, Clearslide, Credit Karma, and Rovio. More than 55 Felicis companies such as Brightroll, Climate Corp, Dropcam, Twitch, and Meraki, have been acquired by industry leaders such as Google, Amazon, Cisco, Apple, Microsoft, AT&T, Disney, Yahoo and Ebay. In Today's Episode You Will Learn: 1.) How Aydin made his way into the world of VC from being a Senior Manager @ Google? 2.) What does Aydin suggest to all those looking to make the move into VC who have potentially, an unconventional background?? 3.) What caused Aylin's shift from angel investor to VC ? What was Aydin's investment strategy look like at the beginning and how has that evolved over time? How does Aydin look to differentiate Felicis from the plethora of seed funds? 4.) How does Felicis' stage agnosticity work in practicality for Aydin and the fund itself? How much of a role does valuation play in Felicis' investment decision making? 5.) Question from Rob Hayes @ First Round: How did the Rovio investment come about? Why do you say you are most proud if it? 6.) Question From Hiten Shah: How do you approach the topic of growing the organisation, whilst still supporting founders with the same time and quality? Items Mentioned In Today's Episode: Aydin's Fave Book: Anti-Fragile Aylin's Most Recent Investment: Diffbot As always you can follow The Twenty Minute VC, Harry and Aydin 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! The Twenty Minute VC is brought to you by Leesa, the Warby Parker or TOMS shoes of the mattress industry. Lees have done away with the terrible mattress showroom buying experience by creating a luxury premium foam mattress that is order completely online and ships for free to your doorstep. The 10 inch mattress comes in all sizes and is engineered with 3 unique foam layers for a universal, adaptive feel, including 2 inches of memory foam and 2 inches of a really cool latex foam called Avena, design to keep you cool. All Leesa mattresses are 100% US or UK made and for every 10 mattresses they sell, they donate one to a shelter. Go to Leesa.com/VC and enter the promo code VC75 to get $75 off!

11 Apr 201630min

Gagan Biyani is the CEO and Co-Founder @ Sprig, on a mission to build the world's largest restaurant providing healthy and sustainable food. Sprig has attained funding from the likes of Greylock Partners, Accel and Battery Partners. Prior to Sprig, Gagan was the Interim Head of Marketing @ Lyft, where he wrote the first Lyft new market launch playbook and launched Lyft LA. Before that Gagan, was the Co-Founder and CEO of the world's largest online teaching and learning marketplace with the founding of Udemy. In Today's Episode You Will Learn: 1.) What was the origin story for Sprig? What was the aha moment? 2.) Question from Josh Elman: What lessons have Sprig and Gagan learnt from Chipotle, both in terms of their growth and their food? 3.) What are the coolest things that Gagan has learnt about foods that have learnt and not worked from user and product testing? 4.) On TWIST Gagan stated that the food delivery market is a winner take all market , so what makes Gagan believe that and what will ensure that Sprig is the startup that will be victorious? 5.) How do Sprig address expansion theory? Are they the Uber or the Lyft in terms of aggressive market expansion? How do Sprig choose which new market to enter? Is there a scientific approach? 6.) From having raised 9 rounds of VC and angel funding, what are Gagan's biggest tips and takeaways to anyone entering the VC or funding process? Items Mentioned In Today's Episode: Gagan's's Fave Book: The Tragedy of Great Power Politics As always you can follow The Twenty Minute VC, Harry and Gagan 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! The Twenty Minute VC is brought to you by Leesa, the Warby Parker or TOMS shoes of the mattress industry. Lees have done away with the terrible mattress showroom buying experience by creating a luxury premium foam mattress that is order completely online and ships for free to your doorstep. The 10 inch mattress comes in all sizes and is engineered with 3 unique foam layers for a universal, adaptive feel, including 2 inches of memory foam and 2 inches of a really cool latex foam called Avena, design to keep you cool. All Leesa mattresses are 100% US or UK made and for every 10 mattresses they sell, they donate one to a shelter. Go to Leesa.com/VC and enter the promo code VC75 to get $75 off!

8 Apr 201628min

Sarah Tavel is a Partner at Greylock Partners. Prior to Greylock, Sarah was a product lead at Pinterest. As one of the first 35 employees, her first order of business was to launch Pinterest internationally and close the Series C financing. Sarah then moved into product, becoming Pinterest’s founding PM for search and discovery, and launching Pinterest’s first search and recommendations features. She also led three acquisitions as she helped the company scale through a period of hyper-growth. Sarah joined Pinterest in 2012 after co-leading the Series A investment while at Bessemer Venture Partners. She spent six years at Bessemer, investing in a wide range of businesses from Quidsi to Cornerstone OnDemand. In Today's Episode You Will Learn: 1.) How Sarah made her way into the world of VC from selling ads in college? 2.) What is the deal sourcing story behind your sourcing of Pinterest for Bessemer? What made Sarah so excited about the product? At what stage did Sarah realise the huge potential Pinterest did have? 3.) How did Sarah decide Greylock was the right VC to choose over the plethora of other options? 4.) How does Sarah try and appeal to the inner founder? What does she do to make sure she is the first person they call? What forms of communication does Srah like to communicate with? 5.) What is Sarah's attitude to VC's personal brand? How has Sarah seen the personalisation of VC in recent years? Why the shift from blog to Medium? 6.) What is the most important attribute for a consumer product to have? Does it have to be both 10X better and cheaper? Items Mentioned In Today's Episode: Sarah's's Fave Book: Creating The Kingdom Of Ends Sarah's Fave Blog or Newsletter: A Crowded Space by Josh Breinlinger As always you can follow The Twenty Minute VC, Harry and Josh 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!

6 Apr 201628min

Josh Elman is a Partner at Greylock Partners, which he joined the team in 2011 and invests in entrepreneurs building new consumer products and services. Josh specializes in designing, building, and scaling consumer products, having been part of multiple companies that have grown to more than 100 million users. Before joining Greylock, Josh was the product lead for growth and relevance at Twitter, growing Twitter’s active user base by nearly 10x. Prior to Twitter, Josh worked on the platform at Facebook and was an early employee at LinkedIn helping establish models for user growth and launched v1 of LinkedIn Jobs. Josh currently serves on the boards of Medium, Meerkat, Operator, Discord, and Jelly. In Today's Episode You Will Learn: 1.) How Josh made his move into the VC world from Twitter, Linkedin and Facebook? 2.) What were the biggest takeaways of watching fb, Linkedin and Twitter to hyper growth mode? 3.) Question from Jeff Seibert: What would Josh do with the Twitter product today?? 4.) How would Josh apply his principles of the on boarding process to Twitter? What does he mean when he refers to the ladder of engagement? 5.) How does Josh respond to Fred Wilson's out on the consumer downturn? Is consumer really as hard as Fred makes it out to be? What sort of metrics really get Josh excited when viewing consumer startups? 6.) How has Josh's own investment decision making process been honed and refined since joining Greylock? Items Mentioned In Today's Episode: Josh's Fave Book: Built To Last: Successful Habits Of Visionary Companies Josh's Most Recent Investment: Discord: Free Voice and Text Chat For Gamers As always you can follow The Twenty Minute VC, Harry and Josh 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!

4 Apr 201625min

Baiju Bhatt is the Co-Founder and CEO at RobinHood, the wildly successful stock market trading app with absolutely no commission fees. Since launching RobinHood there have been many amazing milestones including being awarded an Apple Design Award (first Finch company ever to achieve this), funding from the likes of Index, Google Ventures, Andreessen Horowitz and even movie star Jared Leto. They were also nominated for best mobile app at The Crunchies by TechCrunch this year. In Today's Episode You Will Learn: 1.) How Baiju made his way into the world of tech and came to found RobinHood? 2.) How did Baiju deal with the regulatory hurdles heading into the fintech and trading world? 3.) How did Baiju go about building the waitlist for RobinHood to 1m people? What were the defining strategies and channels that made the difference? 4.) What is the thesis behind the design of RobinHood? Will this design enable previously untouched markets to tap into the growing trading market? 5.) What are the biggest challenges for Baiju and RobinHood going forward? What keeps Baiju up at night? What is Baiju's biggest piece of advice to a founder scaling their startup? 6.) How can early stage founders really determine whether they have product market fit and what does this look like? What re the metrics required to suggest serious traction? Items Mentioned In Today's Show: Baiju's Fave Blog or Newsletter: TechCrunch Baiju's Fave Productivity Tool: Slack Baiju's Fave Book: The Case For Mars As always you can follow The Twenty Minute VC, Harry and Baiju 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!

1 Apr 201624min

Paige Craig is a Founder and General Partner of Arena Ventures. He is an experienced angel investor who has invested in over 110 startups in the last seven years, including companies like Lyft, AngelList, Wish, Postmates, Twitter, Styleseat, Zenpayroll, Quizup and more. Paige spent the first half of his career in the Marine Corps and US Intelligence Community and later launched a defense contractor, driving alone into Iraq in 2003 with just $10,000 and expanding operations across the Middle East, Afghanistan, Pakistan, Africa and Southeast Asia. In Today’s Episode You Will Learn: 1.) How Paige made his way into the wonderful world of VC? 2.) What were Paige's biggest takeaways from his previous career in the military? How did this shape his investment thesis? 3.) Arena VC have both the fund and the AngelList syndicate, why did Paige choose this dual model? What have been the drivers of it's success? 4.) What does Paige believe makes a great VC? What aspects of himself would he like to improve upon? Is an inherent fight mode common among VCs? 5.) What advice would Paige give to someone looking to start a syndicate? What would Craig recommend to someone looking to join a syndicate? Items Mentioned In Today’s Episode: Paige’s Fave Book: Ender's Game Paige’s Fave Blog or Newsletter: Mattermark Daily As always you can follow The Twenty Minute VC, Harry and Paige 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!

30 Mar 201622min

Satya Patel is a Partner @ Homebrew alongside Hunter Walk. Prior to Homebrew, Satya was VP Product at Twitter, building and leading the Product Management and User Services teams. Before Twitter, Satya was a Partner at Battery Ventures, where he co-led the seed and early stage investing practices. In 2003, Satya joined Google and was responsible for AdSense product management and partnerships. Before heading to Silicon Valley for Google, I worked for DoubleClick, in venture capital and as a strategy consultant. In Today’s Episode You Will Learn: 1.) How Satya made his way into the world of tech and came to Partner with Hunter @ Homebrew? 2.) Is hustle the key component of a great VC? What does Satya believes makes a great investor? 4.) How can startups present emotion and depict their narrative to the VC? What are the benefits of doing so? What founder is most 5.) From Satya's experience, what are the most common reasons startups fail at the seed stage? What can they do to maximise their chances of survival? 6.) We always hear that products should focus on a niche but how then do you attract VC money that is looking for a broad opportunity that can return the fund? Items Mentioned In Today’s Show: Satya’s Fave Blog or Newsletter: CB Insights, Fred Wilson, Brad Feld Satya’s Fave Book: A Fine Balance As always you can follow The Twenty Minute VC, Harry and Satya 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 Mar 201624min

Branko Cerny is the Founder and CEO at Immediately, the mobile platform for modern sales professionals whose mission is to elevate sales back to it’s core foundation, a relationship driven craft. Immediately has some of the US’s finest backing in terms of investment with the likes of Naval Ravikant @ AngelList, Ryan Holmes @ Hootsuite, Jonathan Abrams @ Friendster and Nuzzel and previous guest Kate Shillo @ Galvanize. In Today's Episode You Will Learn: 1.) How Branko made his way into the world of tech and came to be CEO @ Immediately? 2.) How does Branko find being one of the youngest enterprise CEO in the business? What are the challenges and what are the benefits? 3.) What can enterprise companies learn from the likes of Tinder and Equinox? How important is brand building for emerging enterprise sales companies? 4.) To what extent will we see the bottoms up sales process continue in enterprise sales? How does this change Immediately approach to UX, UI and brand building? Why did Branko choose to focus on a mobile platform with Immediately? 5.) How did Branko come to meet his stellar lineup of investors? What value add was he looking for when assembling the lineup? Is he concerned by the large number of investors Immediately has at an early stage? Items Mentioned In Today's Show: Branko's Fave Blog or Newsletter: First Round Review, Nir Eyal Branko's Fave Productivity Tool: Intercom, Moleskin Notebook (Harry's Productivity Tool too!) Branko's Fave Book: American Gods by Neil Gaiman As always you can follow The Twenty Minute VC, Harry and Branko 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! How many emails do you have in your inbox right now? A hundred? A thousand? The answer is too many. But here’s the thing—even though I knew I wanted to do something about it, I didn’t know how. It’s called SaneBox. SaneBox sorts through your email and moves all of the trivial stuff into a different folder so the only messages in your inbox are the ones you actually want to see. Visit sanebox.com/20VC today and they’ll throw in an extra $20 credit on top of the two-week free trial.

25 Mar 201628min