Melody McCloskey is the Founder & CEO @ StyleSeat, the largest and fastest growing marketplace in the $78b beauty and wellness industry. They have raised over $40m in challenging funding conditions from some of the true greats of the business including Alfred Lin @ Sequoia, Chris Sacca, Jeff Clavier, Aileen Lee, Lightspeed, the list goes on. As for Melody, as well as running StyleSeat she is also a mentor for the Thiel Fellowship working with some of the brightest and best next generation entrepreneurs.
In Today’s Episode You Will Learn:
1.) What was the origin story of StyleSeat for Melody and how did Travis Kalanick and Garrett Camp come to be angel investors?
2.) Melody has previously stated that 'CEOs do not have all the answers'. What did Melody find most challenging that she struggled to answer? How has her approach to decision making and delegation changed over the last few years?
3.) Melody has been CEO for 6 years, a rarity in tech today, so what has been the core to her success long term as the leader of StyleSeat?
4.) With $40m in funding over 3 rounds, how did Melody find the fundraising experience? How did she feel the rounds differed? What does Melody believe she did well and what would she improve for further rounds?
5.) How does Melody approach transparency internally with fundraising? Should founders tell the team about fundraise opportunities? When is the right and wrong time to do so?
Items Mentioned In Today’s Show:
Melody’s Fave Book: Hard Thing About Hard Things
As always you can follow Harry, The Twenty Minute VC and Melody on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
Foundersuite makes the leading CRM for raising startup capital. Since March of 2016, Foundersuite customers have raised over $130M in seed and venture capital. Foundersuite’s CRM sits on a database of over 50,000 investors, which will help you quickly populate your fundraising funnel including a beautiful and easy-to-use investor update tool, and the recently launched a new portal that helps investors and accelerators track their portfolio companies on a single dashboard. For a whopping 40% off a Monthly or Annual subscription use the code “20MinuteVC” at checkout.
Greenhouse Software designs tools that help companies hire great people and ultimately build better businesses. Greenhouse works with over 1,500 of the world’s most innovative companies such as Airbnb, Slack, Snap Inc. and Lyft. A wrong hire is not only costly for a company but can also turn an employee into an unhappy one. With Greenhouse’s Applicant Tracking System, companies can make well-informed decisions and hire qualified candidates who are empowered to do the best work of their careers. Anybody who has a company that’s scaling quickly but has trouble hiring and retaining the right people. Visit www.greenhouse.io today to discover how your company can grow.
Jared Friedman is a Partner @ Y Combinator, the world's most successful accelerator with portfolio companies including the likes of AirBnB, Dropbox, Stripe, Zenefits, Twitch, the list goes on. Prior to YC, Jared was Co-Founder & CTO @ Scribd, the digital library and document sharing platform, which has over 80 million users and attained funding from the likes of Marc Andreessen, Redpoint and CRV. As well as his time in operations, Jared is also a prolific angel investor with investments in the likes of Instacart, FundersClub and Cruise Automation just to name a few.
In Today’s Episode You Will Learn:
1.) How Jared made his way from founding the immensely successful, Sribd, to being a YC partner?
2.) What is the process behind the invites for YC demo day? What does it take for one to get a hotly anticipated seat? Is there really a black list?
3.) A lot of investors suggest that if you are seeing the company at demo day it is too late, what is the thesis around letting friends and family in to view and invest in the companies before demo day?
4.) How can investors look to get into the best YC companies? What can the investors do to show their value to both the companies and the YC partnership? How do you look to advise companies with regards to selecting investors?
5.) Demo days have scaled massively so I have to ask, is there enough capital to go into the 120+ companies now being produced at YC demo days? What are the strategies for scaling YC effectively?
Items Mentioned In Today’s Show:
Jared's Fave Book: Sapiens: A Brief History of Humankind
Jared’s Fave Blog: HackerNews
Jared Most Recent Angel Investment: Starcity
As always you can follow Harry, The Twenty Minute VC and Jared on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
Foundersuite makes the leading CRM for raising startup capital. Since March of 2016, Foundersuite customers have raised over $130M in seed and venture capital. Foundersuite's CRM sits on a database of over 50,000 investors, which will help you quickly populate your fundraising funnel including a beautiful and easy-to-use investor update tool, and the recently launched a new portal that helps investors and accelerators track their portfolio companies on a single dashboard. For a whopping 40% off a Monthly or Annual subscription use the code "20MinuteVC" at checkout.
Greenhouse Software designs tools that help companies hire great people and ultimately build better businesses. Greenhouse works with over 1,500 of the world’s most innovative companies such as Airbnb, Slack, Snap Inc. and Lyft. A wrong hire is not only costly for a company but can also turn an employee into an unhappy one. With Greenhouse's Applicant Tracking System, companies can make well-informed decisions and hire qualified candidates who are empowered to do the best work of their careers. Anybody who has a company that's scaling quickly but has trouble hiring and retaining the right people. Visit www.greenhouse.io today to discover how your company can grow.
Saar Gur is a General Partner @ CRV, one of the nation's oldest and most successful VC firms now on their 16th fund. At CRV, Saar has made investments in some incredible companies including DoorDash, Dropbox, Patreon and Ring to name a few. His brilliance in VC is not just acknowledged by us but Forbes and Venture Capital Journal who named Saar to the top 8 up and coming Venture Capitalists and a top 10 VC under the age of thirty-six. Prior to VC, Saar was the Founder of Brightroll, a leading video ad network that was acquired by Yahoo for a reported $640m.
In Today’s Episode You Will Learn:
1.) How Saar made his way into the world of VC and came to be a GP at CRV?
2.) When can VCs know when to pull the plug on an investment? How does Saar balance financial prudence with vision and belief in the startup and founder?
3.) What does Saar's relationship building process look like? How does Saar build relationships with founders in natural and organic ways?
4.) How can VCs handle founder disputes? How does Saar look to be as helpful and productive in this process as possible? What does Saar recommend to other VCs in this situation?
5.) How does Saar view the inflection points in the growth of startups? At what moments is their the potential for elements to break? How should this be mitigated?
Items Mentioned In Today’s Show:
Saar’s Fave Book: The Wright Brothers
Saar’s Fave Blog or Newsletter: TechCrunch
As always you can follow Harry, The Twenty Minute VC and Saar on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
Foundersuite makes the leading CRM for raising startup capital. Since March of 2016, Foundersuite customers have raised over $130M in seed and venture capital. Foundersuite's CRM sits on a database of over 50,000 investors, which will help you quickly populate your fundraising funnel including a beautiful and easy-to-use investor update tool, and the recently launched a new portal that helps investors and accelerators track their portfolio companies on a single dashboard. For a whopping 40% off a Monthly or Annual subscription use the code "20MinuteVC" at checkout.
Greenhouse Software designs tools that help companies hire great people and ultimately build better businesses. Greenhouse works with over 1,500 of the world’s most innovative companies such as Airbnb, Slack, Snap Inc. and Lyft. A wrong hire is not only costly for a company but can also turn an employee into an unhappy one. With Greenhouse's Applicant Tracking System, companies can make well-informed decisions and hire qualified candidates who are empowered to do the best work of their careers. Anybody who has a company that's scaling quickly but has trouble hiring and retaining the right people. Visit www.greenhouse.io today to discover how your company can grow.
Christian Lanng is the Founder & CEO @ Tradeshift, the startup with the vision to transform the way businesses work together. With 250+ people, offices in 9 countries and over $200m in funding from some of the best including Data Collective, HSBC and Intuit, they are likely one of the biggest and best startups you might not have heard of. As for Christian, he is one of the most visionary European entrepreneurs of the last decade having grown from digitising invoices in Denmark when he was at Uni to working on digitizing the EU later.
In Today’s Episode You Will Learn:
1.) How Christian made his way from Denmark to founding one of the hottest startups in Silicon Valley?
2.) What does Christian mean when saying, "we should be discussing the globalization of technology"? How will we see the evolution of manufacturing over time? What is the bottleneck for automation?
3.) Christian has previously stated that his competitors have 'hostages not customers'. Why does he say this and how does that affect his view of competition and customer service?
4.) Christian has raised over $200m in varying fundraising climates, how did the rounds differ? What were Christian's keys to fundraising success? What does he know now that he wishes he had known in the beginning?
5.) How does Christian approach networking in a very unconventional style? What are the benefits of doing so? What does Christian advise startup founders looking to expand either their founder network or their investor network?
Items Mentioned In Today’s Show:
Christian’s Fave Book: The Subtle Art Of Not Giving A Fuck
Christian’s Fave Blog: SaaStr
As always you can follow Harry, The Twenty Minute VC and Christian on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
But before we dive into the show today, there are some products that you simply cannot remember what life was like before them—for me that is x.ai. They bring you Amy and Andrew, the AI-powered personal assistants who schedule meetings for you. The beauty of Amy or Andrew is that you interact with them just like you would any other person, in plain English. You hand over meeting scheduling, and they get the job is done. Which means that you can avoid the tedious hours of email ping pong usually required to schedule a single meeting. Even better though, there is no sign in, no password, nothing to download. All you do is cc amy@x.ai Beautiful! And you can check it out now on https://x.ai/20vc/ It really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Alex Mittal is the Founder & CEO @ Funders Club, the company that uses software and networks to provide investors with access to the world's most promising startups. Their portfolio includes the likes of Slack, Greenhouse, Shippo and Flexport just to name a few. They are backed by some of the world's leading investors themselves with the likes of Andreessen Horowitz, Y Combinator, Felicis Ventures and First Round Capital. Prior to starting FundersClub, Alex was the founding CEO of Innova Dynamics, a VC-backed touchscreen hardware company, leading the company from university laboratory to securing design-in collaborations with today's major consumer electronics companies. Previously, he was the founding CTO of Crederity, a VC-backed identity and credential verification enterprise software company.
In Today’s Episode You Will Learn:
1.) How Alex made his way from YC founder to revolutionizing seed stage investing with Funders Club?
2.) Why is Alex still so bullish on the on-demand space? How does Alex evaluate on-demand startups? What metrics are attractive in the space? What do good unit economics look like for on-demand startups?
3.) Does Alex agree that we are experiencing a AI bubble? Where are the shortcomings in the current state of AI and machine learning? How does Alex expect the space to play out and what does Alex advise entrepreneurs in the space?
4.) What does Alex make of the rise of investing in hard science startups? Why does he get concerned to see traditional software VCs investing in the space? How should VCs view the rise of nontech businesses both in hard science and consumer?
5.) You have said before that 'the API is not in the past but is still to come'. Why are you so bullish on the continued expansion of APIs? Where do the inherent oportuities and use cases remain?
Items Mentioned In Today’s Show:
Alex's Fave Book: The Art of War by Sun Tsu
Alex's Fave Blog: Eric Newcomer, Mattermark Daily
As always you can follow Harry, The Twenty Minute VC and Alex on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-powered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Jason Lemkin is the Founder @ SaaStr, now with the $70m SaaStr Fund, Jason has paved the way for the new wave of VC in what I describe the 'platformification of VC'. Jason has led or sourced the first VC investment in some of the fastest growing SaaS companies of today with the likes of Algolia, TalkDesk, Rainforest QA and PipeDrive. Prior to being in VC, Jason was the Co-Founder @ Echosign, leading to the very successful acquisition by Adobe where he oversaw Jason oversaw the growth of Adobe Document Services ARR from $50m in 2012 to $100m in 2013.
In Today’s Episode You Will Learn:
1.) How Jason made his way into the world of VC from being a $100m+ exit founder to founding SaaStr and SaaStr Fund?
2.) What is it like for Jason having his own fund vs being part of a bigger fund? What does the investment cheque size say to founders about the fund? Should they be concerned if the investment represents less than 1% of the fund?
3.) What was the fundraising process and environment like for Jason with SaaStr? Is all LP money the same? What differentiated value-add elements can LPs provide fund managers?
4.) Does Jason agree that most VCs do not add value? How does Jason look to add value with his 3 pronged approach? Where does Jason believe that most startups need help and advice?
5.) How does Jason evaluate the micro-VC stage at present? Where does Jason see opportunity? Where does he believe the space is over-heated?
Items Mentioned In Today’s Show:
Jason’s Most Recent Investment: Automile
As always you can follow Harry, The Twenty Minute VC and Jason on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Kevin Chou is co-founder and CEO of Kabam, a world leader in mobile free-to-play games. At Kabam, Kevin catapulted revenue to $400 million and a valuation of more than $1 billion in 2014. Under Kevin’s leadership, Kabam has raised more than $240 million from venture and strategic investors, including some of the world’s largest entertainment and internet companies such as Alibaba, Google, Intel and Warner Brothers. Before Kabam, Kevin worked at Canaan Partners, Kabam’s initial investor and where he invested in 14 consumer technology and online media companies. In 2014 Kevin was named one Fortune magazine’s prestigious “40 Under 40” and, in 2012, was identified by Fortune as one of the “Smartest People in Tech.”
In Today’s Episode You Will Learn:
1.) How Kevin came to found the wildly successful Kabam from a life in VC with Canaan Partners?
2.) How does Kevin respond to investors that say games is so challenging as it is so hits driven? What are the requirements to build an enduring and successful games company?
3.) What are the metrics that define success in gaming? Why does Kevin believe that gaming is unlike any other in terms of metrics?
4.) To what extent does Kevin believe it is right to monetise games from the beginning vs the free to play market? What are the features and challenges required for success in the premium end of the market?
5.) How does gaming alter both in terms of design and monetisation when comparing the East to the West? What feature sets are preferrable in both? Why doe the East want to pay for as much up front as possible?
Items Mentioned In Today’s Show:
Kevin’s Fave Book: Sapiens: A Brief History of Humankind
Kevin’s Fave Blog or Newsletter: Dean Takahashi: VentureBeat
As always you can follow Harry, The Twenty Minute VC and Kevin on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Carl Eschenbach is a Partner @ Sequoia Capital, one of the world's leading funds with investments in the likes of Google, Apple, Whatsapp, Paypal and Stripe just to name a few. As for Carl, prior to Sequoia, Carl was President and CEO @ VMWare where he grew the team from 200 to 20,000 people. If that was not enough Carl has also stepped in as CFO at a $5Bn company and transitioned 3 CEOs.
In Today’s Episode You Will Learn:
1.) How Carl made the move from President and CEO @ 20,000 person company, VMWare to Partner @ Sequoia?
2.) Question from Alfred Lin, Partner @ Sequoia: How did Carl look to build a culture of performance at VMWare?
3.) Question from Pat Grady, Partner @ Sequoia: What were Carl's biggest learnings with regards to high performance teams? What are the common mistakes in scaling a go to market strategy?
4.) How does Carl view the internal workings at Sequoia to the external perception? Was the move to Sequoia everything he expected? What was different or challenging?
5.) What does Carl believe are the core components that make a great board member? How has Carl's time in operations affected his view of boards and their working?
Items Mentioned In Today’s Show:
Carl’s Fave Book: Half Time
Carl’s Most Recent Investment: Zoom
As always you can follow Harry, The Twenty Minute VC and Carl on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Pat Grady is a Partner @ Sequoia Capital, one of the world's leading funds with prior investments in the likes of Apple, Google, Whatsapp, Paypal, Stripe and many more. At Sequoia, Pat has made investments in many past guests of this show and the SaaStr podcast including Zoom, Namely and Qualtrics, just to name a few. Prior to Sequoia, Pat spent 3 years with the team at Summit Partners.
In Today’s Episode You Will Learn:
1.) How Pat made his way into the world of VC and one of the most famous funds in the world, Sequoia?
2.) How does Pat view the apprenticeship model in VC? How can VCs attempt to develop and convey the founder empathy when they have not been a founder? Do 'career VCs' get the same respect from founders?
3.) What does Pat believe to be the defining characteristics of the next generation of great software? What are the commonalities?
4.) Pat has said before that 'data is the new oil', what makes Pat think this? How does this affect his investment thesis going forward? Are there elements of being 'data long' that make Pat nervous?
5.) How does Pat think the data incumbency advantage can be mitigated? What can startups do to build a moat?
Items Mentioned In Today’s Show:
Pat’s Fave Book: The Boys In The Boat
Pat's Fave Blog: CB Insights
Pat’s Most Recent Investment: Namely
As always you can follow Harry, The Twenty Minute VC and Pat on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
1.) How Andy made his way into the world of VC, became the Co-Founder @ Benchmark and what was the origin story behind the founding of Wealthfront?
2.) On rejoining Wealthfront as CEO Andy stated, 'I am an investor, not a CEO but what I did not realize was that I am a founder'. At what point did Andy realize this? Would Andy say that this is a strategic inflection point for Wealthfront with his return?
3.) What are the few elements that will make or break Wealthfront in the coming years? It it the best CEOs that are able to both balance the challenges with the opportunities?
4.) What does the future hold for Wealthfront? What is the exciting news? What does this mean for the road ahead and the world of automated personal finance?
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Lee Hower is a co-founder and Partner at NextView Ventures, one of the East coast's leading early stage funds with investments in the likes of Dia & Co, Sunrise, TaskRabbit and GrabCad just to name a few. As for Lee, prior to being a VC with NextView, Lee started his career as an early employee of PayPal in product and business development roles, through the company’s 2002 IPO and sale to eBay. After PayPal, Lee was a co-founder of LinkedIn (NYSE: LNKD) and served as head of corporate development.
In Today’s Episode You Will Learn:
1.) How Lee made his way from the early days of PayPal with Elon Musk to the founding team of LinkedIn with Reid Hoffman to founding NextView and being a VC?
2.) What were Lee's biggest takeaways from his time working with Elon Musk, Peter Thiel, Reid Hoffman in the early days of PayPal? How has that experience affected how he invests today?
3.) Unlike other Paypal mafia members, Lee decided not to pursue the multi-stage investing strategy. Why was this? How does Lee evaluate the current seed environment?
4.) Why does Lee believe it is fundamental to study the history of VC and innovation? How does this affect his mindset when investing?
5.) What would Lee advice to a junior VC or someone looking to move into the industry in terms of differentiation and personal branding? What is key? How should this be approached?
Items Mentioned In Today’s Show:
Lee’s Fave Book: The Globalisation Paradox
Lee's Most Recent Investment: Optimus Ride
As always you can follow Harry, The Twenty Minute VC and Lee on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
John Borthwick is the Founder & CEO @ Betaworks, the New York-based startup platform combining 3 areas of expertise. They have a studio where they have built products including Giphy, Dots, Bitly and more. They have a fund with prior investments including Tumblr, Medium and Kickstarter. Finally they have a camp, a thematic accelerator program for companies in frontier technology sectors. As for John, Prior to Betaworks, John was an SVP at Time Warner Inc following John's previous company, WP-Studio, being acquired by AOLTW.
In Today’s Episode You Will Learn:
1.) How John made his way from AOL and Time Warner to founder of Betaworks?
2.) Why is John skeptical of the traditional VC model? Why does John believe that the market has adapted but the VC model has not?
3.) Why does John believe fund cycles are simply too short, in the same school of thought as Matt Ocko @ Data Collective? What are the problems with this?
4.) How does John evaluate Fred Wilson's post on the consumer downturn? Why does John think we are addicted to short term rapid fire hits?
5.) Why is John not surprised that AI, Bots, VR and AR are being 'labeled a disappointment for the last year? What does he think will be the catalyst for their rise?
Items Mentioned In Today’s Show:
John’s Fave Book: King Lear
As always you can follow Harry, The Twenty Minute VC and John on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Dennis Mortensen is the CEO and Founder of X.ai, the artificial intelligence driven personal assistant that lets people schedule meetings using plain English and nothing more than a CC to amy@x.ai. Their female persona Amy is so lifelike that users have asked her on a date at a rate of one request per month! X.ai is now one of the best funded AI startups having raised over $30m from our friends at FirstMark and DCM and a big thanks to Matt Turck for making the intro and from DCM, who also helped us with some of the questions for Dennis!
In Today’s Episode You Will Learn:
1.) How Dennis came to found one of the leading AI startups today with X.ai?
2.) Why is product market fit like porn? How does this analogy affect Dennis' evaluation of product market fit?
3.) What are the fundamental features required to turn a single user consumer product into an enterprise product? How should that transition be managed?
4.) Is Dennis concerned by large incumbents making their entrance into the world of more traditional enterprise companies with the likes of GSuite and Facebook for Work?
5.) How did Dennis evaluate the right pricing method for X.ai? What pricing mechanisms did he consider? What does Dennis believe is the future of enterprise pricing?
Items Mentioned In Today’s Show:
Dennis' Fave Book: Shoe Dog
Dennis' Fave Blog or Newsletter: Azeem Azhar: The Exponential View
As always you can follow Harry, The Twenty Minute VC and Dennis on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-poweredered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.
Roger Ehrenberg is the Founder and Managing Partner @ IA Ventures, one of New York’s leading early stage funds with investments in the likes of TransferWise and The Trade Desk. Prior to IA, Roger was a prolific angel investor making investments in over 40 companies including BuddyMedia and previous guest, Howard Lindzon’s StockTwits. Before that, Roger served as President and CEO @ DB Advisors, Deutsche Bank’s internal hedge fund trading platform which managed $6Bn in capital across multiple geographies.
In Today’s Episode with Roger You Will Learn:
Items Mentioned In Today’s Show:
Roger’s Fave Blog and Newsletter: Maria Popova: BrainPickings
Roger’s Fave Book: Out Of The Crisis
Roger’s Most Recent Investment: Octane Lending
As always you can follow Harry, The Twenty Minute VC and Roger on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
X.ai is AI-powered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must!
Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.