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
Steve Schlafman is an early stage investor @ RRE Ventures, where he specialises in marketplaces, mobile services and hardware. At RRE, Steve has led investments in the likes of theSkimm, Hightower, TinyBop, Breather, and Managed by Q. Prior to joining RRE, Steve was a principal with our friends at Lerer Hippeau Ventures in NYC. Before becoming a venture capitalist, Steve worked in operations at Stickybits Inc, Turntable.fm, Microsoft and served as Director of Venture Investments at The Kraft Group.
In Today’s Episode You Will Learn:
1.) How Steve made his way into the VC industry with YC?
2.) What does it take to make the transition from seed investor to Series A and later stage investor?
3.) What does ‘hurting a company look like when pricing the round for a startup’s nest funding round? Is it the VCs role to educate entrepreneurs on this caution?
4.) How does the investment decision making process differ when comparing the Seed to Series A round?
5.) Why does Steve think there needs to be greater mentoring in the ecosystem? What can individuals do to build relationships and gain mentors?
Items Mentioned In Today’s Show:
Steve’s Most Recent Investment: Brightwheel
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