20VC: Spark’s Bijan Sabet on Investing in Twitter, Tumblr and Foursquare & Why First Time Founders Are So Exciting
is General Partner @ Spark Capital
where he primarily invests in digital canvases and online communities for people at work and at play. Bijan led early investments for Spark in the likes of Twitter, Tumblr, Foursquare, OMGPOP and Runkeeper just to name a few. Before becoming an investor, Bijan led product management and business development at GameLogic (acquired by Scientific Games), Moxi Digital (acquired by Digeo) and WebTV Networks (acquired by Microsoft Corporation).
In Today’s Episode You Will Learn:
1.) How did Bijan make his way into the world of VC?
2.) How did the Twitter and Tumblr deals come about? What made you say yes?
3.) Looking at Bijan’s thesis, is it true that Bijan has a preference for first time founders? What are the commonalities of all great first time founders?
4.) Often first time founders nail product market fit but struggle to scale the operations to suit the growth of the product. How does Bijan as a VC lend to this situation?
5.) Does Bijan agree with Fred Wilson’s assessment of the consumer downturn? Why does Bijan think that David must beat Goliath in the end?
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!