20VC: Plaid and Column Co-Founder, William Hockey on Why the Brands that Win in Fintech Will Not Be Financial Services Brands, What US Banking Can Learn from China & Why Companies Can Be Built Slower than People Think?
2nd December 2022
Michael Skok is a Founding Partner @ Underscore VC. Michael started his first software business as a teenager, spent 21 years as an entrepreneur where he founded and recruited teams that attracted over $100m in private equity for investments in multiple software companies. Over the last 13 years Michael has been a venture investor. Along the way, he also mentored and taught for 4 years at Harvard as an EIR at Harvard Business School, and spent a year interviewing entrepreneurs on a “listening tour” before founding _Underscore.VC. Michael also started the most incredible education series, ‘Startup Secrets’, in collaboration with Harvard iLab, check it out here.
In Today’s Episode You Will Learn:
1.) How Michael made his way into the wonderful world of VC with Underscore?
2.) From Michael’s listening tour, what did he discover that entrepreneurs wanted in an investor?
3.) How did Michael present the innovative model of Underscore to prospective LPs? What was their response? What did Michael look for in the LPs he selected?
4.) What does Michael mean when he says you have to create minimum viable segments?
5.) How does Michael view market creation? What his framework for this?
Items Mentioned In Today’s Show:
Michael’s Fave Book: Daemon
Michael’s Fave Blog: Mattermark
Michael’s Most Recent Investment: Mautic
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Cooley are the global law firm built around startups and venture capital. Since forming the first venture fund in Silicon Valley, Cooley has formed more venture capital funds than any other law firm in the world, with 50+ years working with VCs. They help VCs form and manage funds, make investments and handle the myriad issues that arise through a fund’s lifetime. So to learn more about the #1 most active law firm representing VC-backed companies going public. Head over to cooley.com and also atcooleygo.com.
20VC: Wolt CEO, Miki Kuusi on Leadership Lessons Scaling to a Reported $8.1BN Exit to Doordash, Building Teams not Families, The Difference Between Trust and Safety Within Companies, How To Use Compensation to Create Culture & Why You Should Not Be Looking For People Who “Have Done It Before”
28th November 2022