20VC: Inside The World’s Leading Crypto Fund, The Future Exit Environment for Crypto Assets & The Beauty Of Benevolent Dictatorship with Olaf Carlson-Wee, Founder @ Polychain Capital

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Olaf Carlson-Wee is the Founder & CEO @ Polychain Capital, one of the world’s premier funds actively managing a portfolio of blockchain assets. Having founded the firm less than 2 years ago with their initial $4m fund, Polychain now has over $200m AUM with backing from the likes of Sequoia, Founders Fund, Andreessen Horowitz and USV just to name a few. Prior to founding Polychain, Olaf was the first employee at Coinbase serving as their Head of Risk and as product manager. In addition, Olaf has also been an active angel with a portfolio including the likes of Robinhood, Ethereum and Numerai.

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In Today’s Episode You Will Learn:

1.) How Olaf made his way into the world of crypto from academic studies to Coinbase to today with Polychain?

2.) What really is Polychain Capital and what is the primary mandate with the $250m AUM? With the firm’s investments being always liquid, how does one look to stay aligned to founders with an exit possible at any time?How does Olaf think about LP fund withdrawal, would that symbolize a snowball effect in the crypto space?

3.) How does sourcing crypto opportunities differ from sourcing venture opportunities? How does the subsequent DD process change when evaluating crypto opportunities? What does Olaf want to see in whitepapers and what are the big red flags when analysing crypto investments?

4.) How does Olaf think about the exit environment for crypto assets? How does Olaf believe traditional corporate acquirers will respond to crypto assets and those that have raised through ICO? What does Olaf mean when he says, “we will see token network acquisitions in the future”?

5.) Have tokens created a paradigm shift in the method through which companies are funded? Charlie Lee @ Litecoin stated on the show, “ICO’s were his biggest concern for crypto”. Does Olaf share this concern and where does he see the nuances?

Items Mentioned In Today’s Show:

Olaf’s Fave Book: Infinite Jest

Olaf’s Most Recent Investment: 0x Project

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

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

Namely is the all-in-one HR, payroll, and benefits platform your employees will love to use. It’s as intuitive as social media, but powerful enough to support the complexity of today’s workforce. Namely’s mission is to help mid-sized companies build a better workplace. See how Namely can transform your workplace at www.Namely.com.

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20VC: AppDynamic’s Jyoti Bansal on The Sale vs IPO Process with AppDynamics’ $3.7Bn Exit & The 3 Simple Things VCs Look For When Investing In Startups

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Jyoti Bansal is the former Founder & CEO of AppDynamics, backed to the tune of over $350m in VC funding from the likes of Lightspeed, Greylock and Kleiner Perkins, just to name a few, before it’s ultimate acquisition by Cisco for $3.7Bn. Today, Jyoti is the Founder and CEO of BIG Labs, essentially a laboratory for creating, developing, and launching innovative ideas. The first of these ideas being turned into companies being, Harness.io the industry’s first continuous delivery as a service platform, where Jyoti is the Founder & CEO. As a result of his tremendous success, Jyoti has been a recipient of many leadership awards including, “Best Cloud Computing CEO to Work For,” “Best CEO” by San Francisco Business Times.

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In Today’s Episode You Will Learn:

1.) How Jyoti made his way from selling farm machinery with his father in India to founding and selling AppDynamics for $3.7Bn?

2.) How does Jyoti look to build world class teams around him? What are the core characteristics and profiles and seed success into an organisation? How does Jyoti look to optimise each individual function in the organisation?

3.) What did the sale process of AppDynamics look like? Did Jyoti and the team run a dual process of acquisition & IPO? How did the deal come about? What were the negotiations like? Why did Jyoti turn down the first two offers? What was critical to the successful deal?

4.) Jyoti has said before, “there are 3 simple things VCs look for”. What are those 3 things? How did the fundraising of AppDynamics go in the early days? What was it about the first 20 pitches that made VCs say no? What does Jyoti most look for now when choosing the VCs to work with?

Items Mentioned In Today’s Show:

Jyoti’s Fave Book: Crime and Punishment

As always you can follow HarryThe Twenty Minute VC and Jyoti on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

Namely is the all-in-one HR, payroll, and benefits platform your employees will love to use. It’s as intuitive as social media, but powerful enough to support the complexity of today’s workforce. Namely’s mission is to help mid-sized companies build a better workplace. See how Namely can transform your workplace at www.Namely.com.

Eero is the world’s best-reviewed wifi. A system of eero and eero Beacons wirelessly connects to blanket your home in fast, reliable WiFi, so despite the increased number of devices with Christmas coming, you’ll still be able to get powerful mesh WiFi in every nook and cranny of your home, backyard included. No more dead spots, slow spots, drop-offs, or buffering — right out of the box. Eero is only available in the US and Canada and you can check it out here!

20VC: The Value Chain of Machine Learning, Is There Really An Incumbency Advantage in ML & Will The Rise In Cyber Remain For the Long Term with Jake Flomenberg, Partner @ Accel

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Jake Flomenberg is a Partner @ Accel, one of the top performing venture funds of the last decade with investments in the likes of Dropbox, Slack, Facebook, Deliveroo and Atlassian, just to name a few. As for Jake, at Accel he specializes on all things Big Data and has led investments in the likes of Demisto, Origami Logic, Sumo Logic, Trifacta, and Zoomdata.  Prior to Accel, Jake was director of product management at Splunk, where he was responsible for the product’s user interface and big data strategy. Before that, he worked at Cloudera where he helped the founding team tackle a broad array of sales, marketing and product issues.

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In Today’s Episode You Will Learn:

1.) How Jake made the transition from the world of operations with Cloudera and Splunk to the other side of the table, as Partner at Accel?

2.) Why does Jake believe a large element of his role is “how to make AI not BS”? How does he approach this from the three-legged stool of machine learning, data and workflow? How do each subsequently rank?

3.) To what extent is Jake concerned by the data incumbency advantages that are present in the market with Google, Amazon, Facebook and Apple (GAFA)? Where is the room for real opportunity and innovation? When should a startup be concerned about GAFA entering?

4.) How does Jake respond to Aaron Van Devender’s suggestion that the value of large datasets is overplayed? Where are the inflection points in dataset value? How does David compare the value of initial data vs derivative data and the subsequent value?

5.) How does Jake assess the current state of the cybersecurity market? Is this increased investment period sustainable or due to more macro attention and events? Where does Jake feel the real opportunity is in cyber today? Where is it overplayed?

Items Mentioned In Today’s Show:

Jake’s Fave Book: Ready Player One

Jake’s Fave Blog: The Morning Paper (Harry’s Favourite also)

Jake’s Most Recent Investment: Radar

As always you can follow HarryThe Twenty Minute VC and Jake on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

Namely is the all-in-one HR, payroll, and benefits platform your employees will love to use. It’s as intuitive as social media, but powerful enough to support the complexity of today’s workforce. Namely’s mission is to help mid-sized companies build a better workplace. See how Namely can transform your workplace at www.Namely.com.

Eero is the world’s best-reviewed wifi. A system of eero and eero Beacons wirelessly connects to blanket your home in fast, reliable WiFi, so despite the increased number of devices with Christmas coming, you’ll still be able to get powerful mesh WiFi in every nook and cranny of your home, backyard included. No more dead spots, slow spots, drop-offs, or buffering — right out of the box. Eero is only available in the US and Canada and you can check it out here!

20VC: Accel GP, Rich Wong on When Is The Right Time To Scale A Startup, Optimising Initial vs Follow-On Investment Decision-Making & The Globalisation of VC In Recent Years

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Rich Wong is a General Partner @ Accel, one of the world’s leading venture funds with investments in the likes of Dropbox, Slack, Facebook, Deliveroo and Atlassian, just to name a few. As for Rich, Rich has led investments in the likes of Rovio (IPO), SwiftKey, AdMob, MoPub and more incredible companies. Rich also sits on the boards of the likes of Checkr, Osmo, Rovio and Atlassian where he was first outside Board member and lead investor. Prior to joining Accel, Rich served as SVP of products for mobile pioneer, Openwave Systems and CMO of Covad Communications.

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In Today’s Episode You Will Learn:

1.) How Rich made his way into the world of VC with Accel from OpenWave and having been active in the mobile and broadband ecosystems?

2.) What does Rich mean when he states the rise of the “Globalisation of VC”? How does Accel both find and win deals in locations such as Australia, Finland? How do the founder’s mentalities differ to Bay area founder mentality?

3.) How does Rich think about price sensitivity when assessing opportunities? What would be considered a good return multiple when investing from the early stage fund? How does this differ from the growth fund?

4.) What is the internal structure of investment decision making at Accel? How does Rich analyze reserve allocation? How does initial to reserve decision-making differ? How does the Accel partnership determine the 10% of portfolio that are “winners”?

5.) Question from Manu Kumar @ K9: How does Rich decide when is the right time for a company to scale? What is the balance of not too early and not too late? How should unit economics play a role in this decision? What characteristic must be inherent within multiple functions of the business, pre-scaling?

Items Mentioned In Today’s Show:

Rich’s Fave Book: The Big Short

Rich’s Fave Blog: Wolf Street

Rich’s Most Recent Investment: Instabug

As always you can follow HarryThe Twenty Minute VC and Rich on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

Namely is the all-in-one HR, payroll, and benefits platform your employees will love to use. It’s as intuitive as social media, but powerful enough to support the complexity of today’s workforce. Namely’s mission is to help mid-sized companies build a better workplace. See how Namely can transform your workplace at www.Namely.com.

Eero is the world’s best-reviewed wifi. A system of eero and eero Beacons wirelessly connects to blanket your home in fast, reliable WiFi, so despite the increased number of devices with Christmas coming, you’ll still be able to get powerful mesh WiFi in every nook and cranny of your home, backyard included. No more dead spots, slow spots, drop-offs, or buffering — right out of the box. Eero is only available in the US and Canada and you can check it out here!

20VC: Overcoming The Engineer Boys Club, Disrupting The “Pink Aisle” & Why VCs Are Missing A Trick Not Investing In The CPG Space with Debbie Sterling, Founder & CEO @ Goldieblox

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Debbie Sterling is the Founder & CEO @ Goldieblox, an award‐winning toy company on a mission to “disrupt the pink aisle.” An engineer and entrepreneur, Sterling has made it her mission in life to tackle the gender gap in science, technology, engineering and mathematics. Sterling was named TIME’s “Person of the Moment” and Business Insider’s “30 Women Who Are Changing the World” and is regarded as one of the leaders of the movement toward getting more girls interested in engineering and technology. In January 2014, GoldieBlox beat out more than 20,000 businesses in a contest run by Intuit to become the first‐ever small business to air a commercial during the Super Bowl.

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In Today’s Episode You Will Learn:

1.) How Debbie overcame the “engineering boys club” at Stanford and the a-ha moment that led to the creation of Goldieblox?

2.) How does Debbie look to overcome those really tough times as an entrepreneur, from exclusion to the “engineering boys club” to a harsh reception at an accelerator, how did Debbie look to deal with that personally?

3.) Question from Kanyi Maqubela: Is the gender diversity issue primarily a pipeline problem? Where are the key cracks in the system? What does Debbie believe is the point of key leverage?

4.) Question from Harley Finkelstein @ Shopify: How does Debbie ensure that everyone of Goldieblox’s videos go viral as it does? What is both the content creation strategy? How does Debbie look to optimise distribution of their content to attain that virality?

5.) Why does Debbie believe that VCs are missing a massive opportunity by not investing in CPG and hardware? What single value add would be most attractive to Debbie for an investor entering the space? What must hardware and CPG founders really look for in their investor base?

Items Mentioned In Today’s Show:

Debbie’s Fave Book: The Brothers Karamazov

As always you can follow HarryThe Twenty Minute VC and Debbie on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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