1,136 episodes

The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.

If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch Harry Stebbings

    • Business
    • 4.4 • 150 Ratings

The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.

If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.

    20VC: 19 Company Portfolio: 1 Decacorn, 7 Unicorns, 4 Acquisitions; One of the Best Seed Investors of All Time on How to Pick Generational Defining Founders, Why Nothing but the Founder Matters & Why the Best Investors are Never Happy w/ Gili Raanan

    20VC: 19 Company Portfolio: 1 Decacorn, 7 Unicorns, 4 Acquisitions; One of the Best Seed Investors of All Time on How to Pick Generational Defining Founders, Why Nothing but the Founder Matters & Why the Best Investors are Never Happy w/ Gili Raanan

    Gili Raanan is the Founder of Cyberstarts and one of the most successful seed investors ever. In his 19 company portfolio, Gili has invested in a decacorn (Wiz), seven unicorns and had three others acquired. Prior to Cyberstarts, Gili spent over 15 years as a General Partner @ Sequoia Capital investing in some of the world's best cyber security companies.

    In Today's Episode with Gili Raanan We Discuss:
    1. From Founder to World's Best Seed Investor:

    How did Gili make the move into the world of venture with Sequoia? How did Mike Moritz and Doug Leone recruit him? What was that process like? What are 1-2 of Gili's biggest takeaways from working with Doug and Mike?
    2. How to Find and Pick the Best Founders:

    What did Mike Moritz teach Gili about getting to know founders? Why does Gili look for the pain in the eyes of the founder? What questions does he ask? What are the most common signals of truly exceptional founders, having backed 7 unicorns? Why does Gili believe that both market and product is BS? Why are the founders all that matters? Why does Gili believe that the founder does not have to be a domain expert in a market to create a massive company in that market?
    3. What it Takes to be the Best Seed Investor:

    Why does Gili believe that the best seed investors do not have theses? How important does Gili feel the brand of the VC firm is? What were his biggest lessons on brand from spending 15 years as a General Partner @ Sequoia? Why does Gili believe that the best investors are never happy? When you are happy, you lose.
    4. 2021 is Back: Pricing, Uprounds and more

    Why does Gili believe that the best companies are always expensive and will always be expensive at every round? Why does Gili believe that 2021 pricing and funding is back? Is this a good thing? How does Gili advise founders on how much to raise and what valuation to set with investors? What does Gili believe are the single biggest sins from the zero interest rate environment?

    • 57 min
    20VC: Bending Spoons: The Most Untold Success Story in Startups: Lessons Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation... Bootstrapped with Luca Ferrari, Co-Founder and CEO @ Bending Spoons

    20VC: Bending Spoons: The Most Untold Success Story in Startups: Lessons Scaling to 500M Downloads, $360M in Reported 2023 Sales and a $2.55BN Valuation... Bootstrapped with Luca Ferrari, Co-Founder and CEO @ Bending Spoons

    Luca Ferrari is Co-Founder and CEO of Bending Spoons, one of the most incredible but untold success stories in startups. Luca has scaled Bending Spoons to 100M monthly active users, $380M in sales in 2023 and aiming to reach $500M in EBITDA by the end of 2026. The company’s products include Evernote, Meetup, Remini, and Splice and their products have now been downloaded more than 500M times.

    In Today’s Episode with Luca Ferrari We Discuss:
    From McKinsey Associate to $2BN Founder
    What was Luca like as a child? How would his parents have described him? Why did Luca share his McKinsey salary with his co-founders? What were Luca’s biggest lessons from his failed startup?
    Bootstrapping Bending Spoons 
    Why did Luca decide to bootstrap Bending Spoons? What does Luca think about the EU vs. US startup environment? Why did Luca kill a $7M project? What were his lessons? How did Luca pick his investors?
    How to Find the Best Talent
    What are the 3 key traits Luca looks for when picking the best talent? Why does Luca think traditional interview strategies do not work? What tests does Luca conduct for each candidate? What were Luca’s biggest hiring mistakes?
    Mastering Acquisition & Growth
    How does Luca determine which products to acquire? How does he identify signals? How does Luca approach pricing assets? How does he win every bid? What are Luca’s biggest lessons from acquiring Evernote? What key lessons on risk management does Luca wish he’d known 10 years ago? What are Luca’s biggest challenges on user acquisition?

    • 53 min
    20Growth: Top Five Lessons from Leading Analytics at Facebook and Data Science at Sequoia Capital, The Two Skills Required to do Analytics Well, The Three Types of Execs within Companies and When and How to Hire for Growth with Chandra Narayanan

    20Growth: Top Five Lessons from Leading Analytics at Facebook and Data Science at Sequoia Capital, The Two Skills Required to do Analytics Well, The Three Types of Execs within Companies and When and How to Hire for Growth with Chandra Narayanan

    Chandra Narayanan is one of the growth and analytics OGs having spent 7 years at Facebook leading analytics for the Facebook App and for Instagram. After Facebook, Chandra became Chief Data Scientist @ Sequoia Capital, helping Sequoia, find, select and help the best entrepreneurs in the world. Today, Chandra is the Founder & CEO @ Sundial, building products to help builders make meaningful use of data to fulfill *their* mission.

    In Today's Episode with Chandra Narayanan
    1. From Working on the Weather to Leading Analytics at Facebook:

    How did Chandra make his way from analyzing weather patterns to leading analytics for Facebook? What does Chandra know now that he wishes he had known when he started his career in growth? How did one piece of advice from his manager at Paypal change Chandra's mind forever on "quitting" and when to "quit"?
    2. Growth and Analytics 101:

    What does growth mean to Chandra? What is it? What is it not? When is the right time to hire a growth team/person? What is the right profile for the first growth hires?
    3. How to Hire the Best Growth Teams in the World:

    What are the must-ask questions when hiring for growth? How does Chandra use case studies to determine the quality of a candidate? What does Chandra believe are the four main reasons people go to work? What are the three different types of execs in tech? How do you know when you need each one?
    4. Lessons from Leading Analytics at Facebook and Sequoia:

    What are 1-2 of Chandra's biggest takeaways from leading analytics at Facebook? What does Chandra believe are the two core skills needed to do analytics well? How can you easily test if someone is good at analytics? How did being Chief Data Scientist @ Sequoia change Chandra's perspective on growth?

    • 1 hr 15 min
    20VC: The Future of TikTok; Is it a Danger to US National Security| Why the "Woke Mind Virus" is a "Post-Modern Religion" and Is it Too Late to Reverse | Why the Education System is Broken | Investing Lessons from Wish, Palantir and Lady Gaga | Joe Lons

    20VC: The Future of TikTok; Is it a Danger to US National Security| Why the "Woke Mind Virus" is a "Post-Modern Religion" and Is it Too Late to Reverse | Why the Education System is Broken | Investing Lessons from Wish, Palantir and Lady Gaga | Joe Lons

    Joe Lonsdale is the Founder and Managing Partner at 8VC, an early-stage venture capital firm managing over $6 billion in capital. In 2003, he founded Palantir Technologies. Since then, he has founded over a dozen companies, including Addepar, a wealth management platform helping investors manage over $5 trillion, and OpenGov, recently sold for $1.8BN.
    In Today’s Episode with Joe Lonsdale We Discuss:
    The Making of a Multi-Unicorn Founder:
    What was Joe like as a child? How would his parents and teachers have described him? What does Joe know now that he wishes he had known when he started his career? How does Joe view the importance of luck and skill in success? America’s New Dawn: Navigating Frontiers and Accountability
    What did Joe mean by describing America as a “frontier nation”? How does Joe contrast America’s frontiers with Europe’s social safety nets? How does Joe propose restoring America using the “scalpel over the sledgehammer” approach? How can America introduce accountability to non-profit institutions? What role do for-profit prisons play? Woke Mind Virus
    Why does Joe consider the Woke Mind Virus a “Bad Postmodern Religion”? Why does Joe see Elon Musk as a key figure in challenging “woke minds”? Why does Joe believe the education system is a core problem? What needs to change? Is it too late to reverse the current state of “woke mind virus”? TikTok, China, Israel:
    What does Joe believe is the right solution for TikTok’s ownership? To what extent is TikTok a danger to American national security? What does Joe predict will happen to China from here? What needs to change? How does Joe predict the next 24 months for the conflict in Israel and Gaza? Investing Lessons: Wish, Palantir and more
    What are Joe’s biggest takeaways from the failing of Wish? What did Joe learn from the failed project with Lady Gaga? How does Joe reflect on when is the right time to sell? How does Joe reflect on his own relationship to money?

    • 58 min
    20Sales: Outbound Sales is Dead Today, Why Demand Generation Will Move Back Under Marketing, "Wisdom" that Everyone Needs to Unlearn About Sales & Why You Should Never Hire Someone You Do Not Know in Your First Five Hires with Brendon Cassidy

    20Sales: Outbound Sales is Dead Today, Why Demand Generation Will Move Back Under Marketing, "Wisdom" that Everyone Needs to Unlearn About Sales & Why You Should Never Hire Someone You Do Not Know in Your First Five Hires with Brendon Cassidy

    Brendon Cassidy is one of the OG of enterprise sales of the last decade, having advised the likes of Gong.io, Pipedrive, Showpad. Previously Brendon was first Head of Sales at LinkedIn and VP of Sales at Talkdesk.

    In Today's Episode with Brendon Cassidy We Discuss:
    1. From Recruiter to Sales OG and Linkedin's First Head of Sales:

    How did recruiting prepare Brendon for a career in sales? What impact did the dot-com bubble burst have on his early career? What does Brendon know now that he wishes he had known when he started his career in sales?
    2. The Sales Playbook and Hiring The Team:

    How does Brendon define the "sales playbook"? Should the founder be the one to create and execute V1 of the playbook? Should the first sales hire be a rep or a sales leader? When is the right time to make that all-important first sales hire? 
    3. Why Discovery and Outbound Are Broken Today:

    Why does Brendon feel discovery is useless in today’s sales process? Why does Brendon believe outbound will move under the marketing function? How does AI change the world of outbound sales? Why will no great sales leaders join a company that doesn’t have an inbound machine?
    4. How to Master Onboarding and Increase Sales Performance:

    What is the right way to onboard new sales reps? How quickly do you know if a sales rep is not good? What are the signs? What is the right way to measure the effectiveness of sales teams today? What are the biggest mistakes founders make in onboarding sales teams?

    • 42 min
    20VC: 27 Years of Investing Lessons on Picking Founders, Price Discipline, Reserves and Selling Positions | Can Seed Investors Compete with Multi-Stage Venture Firms | Why Returns Will Not Worsen Moving Forward with Peter Wagner, Founder @ Wing

    20VC: 27 Years of Investing Lessons on Picking Founders, Price Discipline, Reserves and Selling Positions | Can Seed Investors Compete with Multi-Stage Venture Firms | Why Returns Will Not Worsen Moving Forward with Peter Wagner, Founder @ Wing

    Peter Wagner is a Founding Partner of Wing. Peter has led investments in dozens of early-stage companies including Snowflake, Gong, Pinecone, and many others which have gone on to complete IPO's or successful acquisitions. Prior to founding Wing, Peter spent an incredible 14 years at Accel, starting as an associate in 1996 and scaling to Managing Partner, before leaving to start Wing.

    In Today's Episode with Peter Wagner We Discuss:
    1. From Associate to Managing Partner to Founding Partner:

    How did Peter first make his way into the world of venture as an associate at Accel? How important does Peter believe it is to have early hits in your career as an investor? What is the biggest mistake Peter sees young VCs make today?
    2. The Venture Market: What Happens Now:

    Does Peter agree with Roger Ehrenberg that venture returns will worsen moving forward? How does Peter answer the question of how large asset management venture firms co-exist in a world of boutique seed players also? Does Peter agree with Doug Leone that "venture has transitioned from a high-margin boutique business to a low-margin, commoditized industry?
    3. Investing Lessons from 27 Years and Countless IPOs:

    What have been some of Peter's single biggest investing lessons from 27 years in venture? Why is Peter so skeptical of capital-intensive businesses? Will defense and climate startups suffer the same fate as clean tech did in the 2000s? How does Peter reflect on his own relationship to price? When does it matter? When does it not? What have been Peter's biggest lessons on when to sell positions vs when to hold? What has been Peter's biggest miss? How did it impact his mindset?
    4. Building a Firm from Nothing:

    How was the fundraise process when leaving the Accel machine and raising with Wing? What have been the single hardest elements of building Wing? What did he not expect? What advice does Peter have for someone wanting to start their firm today?

    • 55 min

Customer Reviews

4.4 out of 5
150 Ratings

150 Ratings

ExamStudyExpert ,

Phenomenal advice for founders and start ups

An incredible line up of guests, skilfully interviewed to extract the secrets of success to building a high growth start up today.

TheAlchemist01 ,

Everything wrong with tech today

Privilege breeding Privilege…this guy has no clue about the work it takes to build a business from the group and even less of start-ups…

BizBoz415 ,

host gives me a headache

I get a headache listening to the host. maybe there’s some good content but i couldn’t get that far

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