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.
20Product: Why Product Memes Are More Important Than a Product Roadmap, Why Writing is the Essential Skill for Product People, How AI Changes The Role of Product, Big Mistakes Founders Make When Hiring Product Teams with Kevin Niparko, VP Product @ Twil
Kevin Niparko is the VP of Product @ Twilio. Kevin joined Twilio through the acquisition of Segment where he spent an incredible 8 years in numerous different roles including as Head of Product. Before entering the world of product, Kevin was a Management Associate at the world-renowned, Bridgewater Associates.
In Today's Episode with Kevin Niparko We Discuss:
1. From Bridgewater to Head of Product:
How Kevin made his way from the world of asset management and analytics to leading product teams? What are 1-2 of Kevin's biggest takeaways from his time at Bridgewater with Ray Dalio? How did the 8 year journey with Segment leading to their $3BN acquisition impact his approach to product?
2. What Makes a Great Product Person:
Does Kevin believe that product is more art or science? If he were to put a number on it? What would it be out of 100? Why does Kevin believe that all product people should learn to write? Why does Kevin believe that the best product people are generalists and not specialists? Why does Kevin think that analytics is an insanely good start for product people?
3. How to Hire the Best Product People:
How does Kevin approach the hiring process for product hires today? What are the non-obvious traits of hires he looks for? How does he test for them? Does Kevin use case studies? Where do many fall down? What do the best do?
4. Product Reviews: Good vs Great:
How often does Kevin do product reviews? Who is invited? How have product reviews changed in a world where the company is now fully remote? What is the difference between good and great product reviews? What is the single best product decision Kevin has made? What did he learn? What is the worst product decision Kevin made? How did that change his approach?
20VC: "How Being a Founder Almost Killed Me"; We Have Lied to a Generation of Founders | The Hardest Truths About Being a Founder Revealed | Why AI Co-Pilot is BS, Seat Pricing is Over & User Interfaces are Stupid with Christian Lanng
Christian Lanng is the Founder and Former CEO @ Tradeshift, a company he took from garage to unicorn raising over $900M for with a latest price of $2.7BN in 2021. Just last month, Christian stepped away from the company and is now Chairman @ Beyond Work, building a better work experience through AI native software.
In Today's Episode with Christian Lanng We Discuss:
1. Burnout: When it Hits:
How did Christian know when something was really seriously wrong? What were the signs? How did being a founder literally almost kill Christian? How was that not a wakeup moment? How does being a founder make you so out of touch with reality?
2. The Things We Are Never Told:
Why does Christian think one of the biggest crimes is the myth that everyone can be a founder? What are the single biggest things about VCs that founders are not told? Why does Christian believe fundraising is absolutely a game? What are the rules to win it? What makes the best VCs? What makes the worst VCs? Why does Christian not like to take a discount for a brand name VC?
3. The Chaos That Happens Inside a Company:
Why does Christian believe politics should not be discussed within companies? What are Christian's biggest lessons on working with friends? Why after 14 years does Christian only have 3 friends that still talk to him? How did Christian fire 50% of his leadership team and productivity not change at all? Why does Christian believe US startups are inherently better than European ones?
4. Parenting and Relationship to Money:
Does Christian regret not being a present father for his child when building Tradeshift? What are the two options as a founder you have when bringing up kids? Was Christian scared to leave Tradeshift? How does he reflect on his relationship to money?
5. AI: Co-Pilot is BS, The Future Business Model and more...
Why does Christian believe co-pilot is the last dying breathe attempt from incumbents? Why does Christian believe that per-seat pricing will die? What will replace it? Why does Christian believe that AI will negate the importance of consumer-facing brands? In what way does Christian believe that UI is total BS? How does it change over time?
20VC: Marc Benioff on The Future of San Francisco and What He Would Do if in Charge? Marc Benioff's Five Step Process to Priorities and Why Money Does Not Make You Happy & Work From Home vs In-Person; How to Manage in Changing Worlds
Marc Benioff is Chair, Chief Executive Officer and Co-Founder of Salesforce and a pioneer of cloud computing. Under Benioff's leadership, Salesforce is the #1 provider of CRM software globally and one of the world's fastest-growing enterprise software companies. Benioff founded Salesforce in 1999, and it is now a Fortune 150 company with 70,000+ employees. Benioff is the owner and co-chair of TIME, and the founder of TIME Ventures. Benioff is the author of the New York Times bestseller Trailblazer: The Power of Business as the Greatest Platform for Change. Benioff was named “Innovator of the Decade” by Forbes and is recognized as one of the World’s 25 Greatest Leaders by Fortune.
In Today's Episode with Marc Benioff We Discuss:
1. The Future of San Francisco:
What would Marc do if he were in charge of San Francisco today? What would he change with regards to housing, policing and crime? Why does Marc believe there are doomsday proclaimers on SF? What do they have to gain? Will Dreamforce always be held in San Francisco?
2. Money and Ambition: The Mind Behind a $200BN Machine
Does Marc believe that money makes you happy? How has Marc's relationship to money changed over time? How does Marc think about bringing children up in a more affluent home? What does Marc advise anyone who is seeking "happiness" today?
3. Mastering Decisions and Prioritisation:
How does Marc assess his own decision-making framework today? Has it changed with time? What is Marc's 5 step process to understand your own priorities today? What does Marc believe are the three biggest priorities for Salesforce today? What are the single biggest blockers that would prevent Salesforce from achieving their goals?
4. Marc Benioff: AMA:
What does great fatherhood mean to Marc? Who would win the cage fight, Zuck or Elon? What does a day in the life of Marc Benioff look like? What does Marc think about work from home?
20VC: Are Foundation Models Becoming Commoditised? Do OpenAI and Anthropic of the World Have a Sustaining Moat? Why Smaller Models May Work Better? Why Incumbents with Data Power Win the AI War with Christian Kleinerman, SVP Product @ Snowflake
Christian Kleinerman is the SVP of Product @ Snowflake. Before Snowflake, Christian spent close to 5 years at Google as a Senior Director of Product Management @ YouTube working on their infrastructure and data systems. Before YouTube, Christian spent over 13 years at Microsoft serving as General Manager of the Data Warehousing product unit where he was responsible for a broad portfolio of products.
In Today's Episode with Christian Kleinerman We Discuss:
1. Lessons from the Greats:
How did Christian first make his way into the world of product? What are 1-2 of his biggest lessons from working with Satya Nadella and Frank Slootman? What are 1-2 of hs biggest product lessons from Google and Microsoft?
2. Generative AI: Real vs Fake:
How does Christian analyze the current generative AI landscape? Which segments will be the fastest to adopt? Which will be the slowest? What aspects of the ecosystems are overblown? Which are under-appreciated? How does Christian respond to many VCs who suggest that many startups are simply wrappers on GPT?
3. Models 101: Why Size is Not Everything!
What matters more, the size of the data or the size of the model? Will any of the models used today be used in a year? Does Christian believe Alex @ Nabla is right in saying that "the most successful companies will be those that are able to transition between models the easiest"? How are we seeing the evolution of model size impact the accuracy of result snad size of data required?
4. Incumbent vs startup & Open vs Closed:
Who is best positioned to win; startups or incumbents? What are the nuances; which spaces are best served for startups to win vs incumbents? Will open or closed source be the dominant mode? What are the single biggest challenges preventing open from being successful?
20VC Roundtable: Is the VC Model Broken? The Biggest Disconnect Ever Between TVPI & DPI, Why Market Size is Dangerous, Why "Go Fast" is Terrible Advice, The Dangers of Raising Large Rounds at High Prices & Why Next Year Will See the Biggest Hiring Spree
Eric Paley is the Managing Partner at Founder Collective, one of the world’s most successful seed funds with investments in the likes of Uber, The Trade Desk, Coupang and Airtable.
Mike Maples is one of the OGs of seed investing. As the Co-Founder of Floodgate, he has backed the likes of Twitch, Okta, Lyft, Twitter and more.
Jason Lemkin is the Founder @ SaaStr one of the best-performing early-stage venture funds with a portfolio including Algolia, Pipedrive, Salesloft, TalkDesk, and RevenueCat to name a few.
In Today's Episode on Is the Venture Model Broken? :
Is the classic seed model dead? Can seed funds play in a world of $25M valuations? Why is having a firm grasp of the present the best thing an early-stage investor can have? Why does Mike Maples believe no company with true product-market-fit has ever failed? Why does Eric Paley believe "go faster" is the worst startup advice? Why does Mike Maples believe there is a direct relationship between price and risk? Why does Mike Maples believe that outliers by their very nature are lower priced? Why does Eric Paley not focus on ownership? Why can it be dangerous? What are the biggest risks for founders raising at valuations that are too high? Why does Eric Paley believe we will have the biggest chasm between TVPI and DPI in the prior vintage of venture capital returns? Why does Eric believe the majority of SPACs were BS and great companies can always go public? Why does Jason believe that if multiples do not reflate, the venture model is broken? Why does Jason believe we will see the biggest hiring spree in tech next year? How has illiquidity allowed Eric Paley to make some of the best investment decisions? What is Mike Maples biggest lesson from selling Twitter stock early at $1BN?
20VC: Benchmark General Partner, Miles Grimshaw on The Five Pillars of Venture Capital, Why Data Can Be a Trap When Early-Stage Investing, Investing Lessons from Missing Figma and Plaid & The New Business Model for AI & Why Co-Pilot is an Incumbent Stra
Miles Grimshaw is a General Partner @ Benchmark, widely considered one of the best venture capital firms in history. Prior to joining the Benchmark Partnership, Miles was a General Partner @ Thrive Capital where he led investments in Airtable, Monzo, Lattice, Github, Segment, Slack and Benchling to name a few.
In Today's Episode with Miles Grimshaw We Discuss:
1. Straight into VC From University: From Yale to Thrive
How did Miles come to land a role with Josh Kushner and Thrive right out of Yale? What are 1-2 of his biggest lessons from working with Josh @ Thrive for 8 years? What does Miles know now that he wishes he had known when he started in venture?
2. The Pillars of Venture Capital: Sourcing, Selecting, Servicing:
What does Miles believe are the 5 core pillars of successful venture capital? 1-5, what is his strongest and what is his weakest? Does Miles really believe that VCs add value today? What are the most clear ways that Miles have seen VCs destroy value in portfolio companies?
3. Investment Decision Making: From Github to Segment:
What is the single most important question that Miles has to answer to say yes to an investment? How does Miles think about both market sizing risk and market timing risk? What have been Miles' biggest hits? What did he learn from making those investments? What have been Miles' biggest misses? What did he learn from missing Figma and Plaid? What have been 1-2 of Miles's biggest lessons so far from working with Bill Gurley and Peter Fenton?
4. AI: What Happens Next:
Does Miles believe we are in an AI bubble today? How does he assess the landscape? Why does Miles believe that the "Co-Pilot" strategy is an incumbent strategy? Where does Miles believe the value will accrue; the application layer or the infrastructure layer? What does Miles mean when he says the future is in "selling the work and not the software"? What business model disruption and adoption disruption does Miles believe AI will enable? Why does Miles believe that the analogy of AI to the rise of mobile is wrong?
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.
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…
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