20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy

Justin Caldbeck is a Co-Founder and Managing Partner at Binary Capital, one of Silicon Valley's leading early stage funds focussed on the consumer space with $300m AUM. Prior to founding Binary, Ryan was a Managing Director @ Lightspeed Venture Partners where he made investments in the likes of GrubHub, TaskRabbit, SocialCam and many more incredible companies. Before joining Lightspeed, Justin was a Partner at Bain Capital Ventures and was responsible for launching the firm’s West Coast office.

  

In Today’s Episode You Will Learn:

1.) How Justin made his way into venture and came to found Binary Capital?

2.) Question from Binary LP, Judith Elsea: Has it been harder to win deals at Binary without the big and established fund names behind you? How has the conversation with founders changed?

3.) Why is Justin so excited by what he calls, 'vibrant moneyless commerce platforms? What has done previously in the space? Why is it different now?

4.) Why is Justin so bullish on the often over-hyped 'on-demand' economy? Which verticals provide the best opportunities to provide an on-demand experience without the need for local infrastructure?

5.) Friends and Family Round: Ryan Caldbeck @ CirleUp: What VCs does Ryan most admire and respect? 2.) What makes 1 VC a great board member and another not? Tiffany Zhong: What are your biggest misses? 2.) What are the biggest issues in VC?

Items Mentioned In Today’s Episode: 

Justin’s Fave Book: Grit by Angela Duckworth

Justin’s Most Recent Investment: Recharge

As always you can follow The Twenty Minute VC, Harry and Justin on Twitter here!

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