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In Today’s Episode You Will Learn:
1.) How Dan made his way into the world of angel investing following leading the M&A and Corp Dev teams at Cisco?
2.) Why does Dan believe that the days of spray and pray angel investing at seed are over? What does the re-entrance of large funds like Sequoia back into seed investing mean for angels and early-stage VCs? How must the early stage alter their approach with the re-entering of these giants?
3.) Why does Dan believe that the No 1 destroyer of value in a VC portfolio is founder drama? How does this lead his thinking when assessing opportunities? How can this be mitigated? Why does Dan believe it is much harder for people over 35 to raise VC funding?
4.) Why does Dan believe that in the best deals price does not matter? What opportunities has Dan passed on a deal due to price, what have been his subsequent learnings? How does Dan approach the aspect of reserve allocation? What is the decision-making process around reserves? What are the reasons he would not take his pro-rata? How does he communicate this to founding teams?
5.) Why are incumbents no longer so willing to acquire for technology and talent? What problems do these early-stage acquisitions cause for their internal dynamics and culture? When done, why are these early-stage acquisitions less and less friendly for the early investors of the company being acquired?
Items Mentioned In Today’s Show:
Dan’s Fave Book: Moneyball
Dan’s Most Recent Investment: Cycognito
As always you can follow Harry, The Twenty Minute VC and Dan on Twitter here!
Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
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