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
Sumeet Shah is an investor @ Brand Foundry Ventures, who have investments in the likes of Warby Parker, Birchbox and Contently. Sumeet himself is pivotal in sourcing and managing new opportunities at Brand Foundry with over 6 years of experience across the startup and private equity industries, formerly running new business strategies at Gist Digital and handling business development and project work at Gotham Consulting Partners.
In Today’s Episode You Will Learn:
1.) How Sumeet made his way into the wonderful world of VC?
2.) What stage is Brand Foundry active in? Does Sarah Lacy’s analysis of a ‘Series A Crunch’ concern Sumeet? Has he seen a widening in the gap between the amount that raise seed to then go onto raise Series A?
3.) What does Sumeet believe are the key pieces to run a successful business? In the first 100 days, what are the most important elements to focus on?
4.) Sumeet recently tweeted ‘To All Startups, the most helpful investor is not always the largest’. How can startups determine who is the most helpful? What should startups expect from their investors? What does Sumeet believe makes the best investor?
5.) What would Sumeet say is his biggest strength as an investor and what would he most like to improve upon? As a seed investor, how does Sumeet respond to Aileen Lee’s suggestion that in investing you can only make really money when invested in unicorns?
6.) Is Sumeet bullish on the future of NYC tech? What are the strengths of NY? Where is it booming? Are there any elements of SF, Sumeet would like NY to have?
Items Mentioned In Today’s Episode:
Sumeet’s Fave Book: Things A Little Birdy Told Me by Biz Stone
Sumeet’s Most Recent Investment: Lola: A Better Month Awaits You
If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!
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