20VC: True ventures’ Toni Schneider on how being ceo @ automattic made Him a better investor, the biggest lessons from automattic on running successful remote teams & The right way for investors to show founders they have their support

Posted on 16th March 2020 by Harry

Toni Schneider is a Partner @ True Ventures, one of the valley’s leading early-stage firms with a portfolio including the likes of Peloton, Hashicorp, Fitbit, Automattic (WordPress) and Tray.io to name a few. As for Toni, he has spent 14 years as a Partner @ True but during that tenure, he was also the CEO of Automattic for 8 years where he helped WordPress.com become a top 10 global internet destination with close to a billion monthly visitors. Before that, he was a VP @ Yahoo post their acquisition of the company he was CEO of Oddpost, much of their work formed the basis for Yahoo mail. Due to his many successes, he has won numerous awards including Startup CEO of the Year at The Crunchies.



In Today’s Episode You Will Learn:

1.) How Toni made his way into the world of venture following two turns in the seat of CEO and then joining Yahoo?

2.) Does Toni fundamentally believe it helps when investing to have been both an operator with Automattic and Partner @ True? How did being CEO @ Automattic shape how he thinks about investing today? How did Toni manage the balancing act of a being a CEO and Partner at a venture fund for 7 years? Having been a CEO and having worked with the best, what does Toni believe are the qualities that make the great CEO of today?

3.) Why does Toni believe that startups do not have to be as stressful as they are or are portrayed to be? How does Toni deal with the shit hit the fan moments? What can an investor do in times of high stress when the founder is not performing? What is the right way for them to express that the performance is not where it needs to be? On the flip side, what is the right way for investors to show their support to the founders?

4.) What are Toni’s biggest learnings from the WordPress days on what it takes to run a truly successful remote team? Where does Toni see many people going wrong today? What does Toni advise those considering going remote first? What does Toni believe are the biggest pros and cons of the model? What infrastructure does one need to have in place to make it seamless? Does it still make sense for companies to be in the valley?

Items Mentioned In Today’s Show:

Toni’s Fave Book: Their Eyes Were Watching God, Predictably Irrational: The Hidden Forces That Shape Our Decisions

Toni’s Most Recent Investment: Piavita

As always you can follow HarryThe Twenty Minute VC and Toni on Twitter here!

Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

I doubt you started a business to track financial statements or make cash flow spreadsheets. Now we have Pilot and Pilot for bookkeeping gives you back the freedom to focus on your business. Every month your dedicated account manager will send you an accurate, detailed financial report. Pilot does accrual basis bookkeeping in QuickBooks Online, so you’re never locked into a proprietary platform. Plus, you’ll work with the same person each month, so you can rely on them to become an expert in your business. Check them out today at pilot.com/20vc.

Want the latest 20VC insights?

Get all of the insights from of our latest epsiodes and more in our monthly newsletter. All venture, no spam.