34 episodes

Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news.


To understand what's really happening behind the surface, join our hosts, Nuno Goncalves Pedro, investor, co-founder and managing partner at Strive Capital, and Bertrand Schmitt, entrepreneur, co-Founder & Chairman at App Annie. They have been each in tech for almost 25 years, are now based in Silicon Valley, having both previously worked and lived in Europe and Asia.


With Tech DECIPHERED, discover how the best entrepreneurs pitch, how investors think, and what are the deep trends underlying the tech industry


Our tone is a little bit like us: passionate, irreverent, nerdy. We are strong-minded, but convey informed opinions. We will always be trying to aim for the truth and that means there will be no BS allowed. We won't be afraid to disagree, but we will be having quite a lot of fun in the process.


To learn more about Tech DECIPHERED, head over to www.decipheredshow.com for more info about the podcast, show notes, resources and complete transcripts.

Tech Deciphered Bertrand Schmitt & Nuno G. Pedro

    • Technology
    • 5.0 • 25 Ratings

Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news.


To understand what's really happening behind the surface, join our hosts, Nuno Goncalves Pedro, investor, co-founder and managing partner at Strive Capital, and Bertrand Schmitt, entrepreneur, co-Founder & Chairman at App Annie. They have been each in tech for almost 25 years, are now based in Silicon Valley, having both previously worked and lived in Europe and Asia.


With Tech DECIPHERED, discover how the best entrepreneurs pitch, how investors think, and what are the deep trends underlying the tech industry


Our tone is a little bit like us: passionate, irreverent, nerdy. We are strong-minded, but convey informed opinions. We will always be trying to aim for the truth and that means there will be no BS allowed. We won't be afraid to disagree, but we will be having quite a lot of fun in the process.


To learn more about Tech DECIPHERED, head over to www.decipheredshow.com for more info about the podcast, show notes, resources and complete transcripts.

    #31 – Leadership and Management – Part 1 – Often spoken about, rarely understood

    #31 – Leadership and Management – Part 1 – Often spoken about, rarely understood

    In this episode, we demystify Leadership and Management: we delve into what sets them apart; typify the different styles; explore values systems, including our own and share our core beliefs. As always, we go below the surface and deep dive into this topic, at a time when it matters more than ever. This episode, on the topic of leadership and management, will be concluded by episode 32.



    Navigation:



    Intro (01:34)

    Section 1: Definition (01:58)

    Section 2: Typifying Leaders (06:34)

    Conclusion (38:56)



    Our co-hosts:



    Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder of App Annie / Data.ai, business angel, advisor to startups and VC funds, @bschmitt

    Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro



    Our show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news

    Subscribe To Our Podcast







    Intro (01:34)



    Nuno



    Welcome to our Episode 31, the first of two episodes on leadership and management. Bertrand and I will demystify leadership and management, define the difference between both, typify them, explore value systems, and also share our own core beliefs. As always, no BS. We will go below the surface and deep dive into this topic.



    Section 1 - Definition



    Nuno



    From the ground up let's start with the actual definition of this and a bit of a caveat emptor. Buyer be aware, as they call it. Obviously we will share what we think are great practices of leadership and management, but by no means these are the only practices, and by no means we aim to be professorial about it.



    Secondly, most importantly, probably by sharing our own views, we're not saying that we are amazing leaders or managers. Obviously, that's not for us to judge, but for people that have worked with us, for us, with us along the years. So that is not the assumption. Obviously, there is some assumption that we have something to say about this topic, otherwise you wouldn't be listening. But we don't aim to be arrogant enough to say that.



    Maybe starting with the definition of leadership versus management, and this comes from someone I used to work with, a very good friend, but also someone I worked with for a very long period of time in two different roles. The way she would qualify the difference between leadership and management is, if the objective function is to get to hell, a leader is the person that can convey to people with amazing charisma and presence that we're going to go to hell and hopefully we'll come back for sure, hopefully we'll come back, etc. The leader will likely not define necessarily very much how one will get to hell and back, but they will convince people to go with them, certainly the first time around.



    A great manager might lack the charisma, but the great manager will define the steps to get to hell and back, will be clear about what needs to be done to get to hell and back. They might have difficulty in convincing people to go to hell in that first time, but it will be easier for them to convince them to go or try to go to hell a second or third time, even if they fail the first time, because they have a clearer view of the process to get there.



    So again, a leader normally, in my opinion, a little bit more linked to... In some ways great aspects of charisma and management is basically linked to great aspects of understanding steps that need to be done and things that need to be done. A great manager might not be a great leader. A great leader might not be a great manager. There are very few great leaders that are great managers.

    • 40 min
    #30 – The Metaverse Part 2 – Final Episode – Straight talk on the Key Players and what they are up to, and Implications for Entrepreneurs and Investors

    #30 – The Metaverse Part 2 – Final Episode – Straight talk on the Key Players and what they are up to, and Implications for Entrepreneurs and Investors

    In this, the final episode on the Metaverse - or is the Metaverses - we discuss what the Key Players are doing in the space, as well as the so-whats for entrepreneurs and investors. As you, our listeners are accustomed to, only straight talk and “straight shooting” in this duology on the Metaverse.



    Navigation:



    Intro (01:34)

    Section 1: Key players (02:02)

    Section 2: So-whats for entrepreneurs and investors (22:36)

    Conclusion (30:35)



    Our co-hosts:



    Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder of App Annie / Data.ai, business angel, advisor to startups and VC funds, @bschmitt

    Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro



    Our show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news

    Subscribe To Our Podcast







    Intro (01:34)



    Bertrand



    Welcome to episode thirty, our second episode on the metaverse. In episode 29, we talk about our definition of the metaverse, we talk about the key enablers for the metaverse. This episode will have two section. One, first section around the key players. And we will have a section about what it means. The so what for entrepreneurs and VCs. Nuno, should we go into the key players?



    Section 1: Key Players (02:02)



    Nuno



    And a very good segue to what the key players are doing around the metaverse or the metaverses and all these different technologies. And maybe sticking to Google again, not because we dislike them particular. I think we've shown them a lot of fondness in the past. But we're starting with another failure, Google Glass, which I already talked about earlier. I love those glasses. They were so cool. There was so much promise in it and then nothing. It was just like, nothing's gonna happen. Sorry guys.



    Bertrand



    For me, it was also an example of something that was hyped way too much, way too early, and totally out of context. When you have something for total geek that are only going to touch the most crazy early adopters of all, why do you start to brand it?



    I remember they were showing off celebrities at modeling shows. It was like crazy. It was as if it was going to be mainstream next month. It's like, wow, a lesson of how to set expectations wrong, as if they did everything they could to make sure it was really going to fail. Because the expectations are so disconnected from the reality of how bad it was. Bad maybe is a strong word.



    Nuno



    It wasn't that bad for what it was. I think it's more the point of what you're making, yeah.



    Bertrand



    As we see today, it was at least 10 years too early. And you know there is something in history when people tell me, "Oh yeah, we're just 10 years too early." I'm like, "Oh yeah, that's not much, ten years, I guess." I don't like it when people make it wrong by 10 years. There are so many things you could do instead, especially in our world of tech, where in some ways I feel it could be predictable. Google Glass, total fiasco, because it was 10 years too early. But I said 10 or maybe 20.



    Nuno



    Maybe 20.



    Bertrand



    The jury still out for this until we have something really working. What was about this other company that was promising crazy shit and ultimately went nearly bankrupt?



    Nuno



    Magic leap, yeah. By the way, I don't know anyone there. I'm telling our friends just as a way to not throw them under the bus. Yeah, Magic Leap.



    Bertrand



    But Magic Leap is a fantastic company.

    • 31 min
    #29 – The Metaverse Part 1 – What is it? When will we have it?

    #29 – The Metaverse Part 1 – What is it? When will we have it?

    In this episode, we talk about the Metaverse - or is the metaverses? - specify what it is/will be, debunk myths around it and detail its/their key enablers. Everything you wanted to know and also … that you didn’t know you needed to know. This will be followed by episode 30, focusing on understanding what the key players are doing in this realm, as well as implications to entrepreneurs, investors and others.



    Navigation:



    Intro (01:34)

    Section 1: The Typical Silicon Valley hype machine?/ Definition of Metaverse (01:57)

    Section 2: Key enablers to the Metaverse (17:44)

    Conclusion (41:21)



    Our co-hosts:



    Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder at App Annie, business angel, advisor to startups and VC funds, @bschmitt

    Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro



    Our show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news

    Subscribe To Our Podcast







    Intro (01:34)



    Nuno



    Welcome to episode 29. In this episode, we will go into the metaverse, not literally, but we will discuss the metaverse, its definitions, how people see it evolving, its core enablers, and some of the lessons learned that we believe entrepreneurs and venture capital firms should have. Bertrand, metaverse, what is the metaverse?



    Bertrand



    Big question. I guess that's a billion dollar question. There's been so many definition of what the metaverse is or is not. I like one definition from Matthew Ball—a well respected analyst—and I believe he has his own VC firm. By his definition, "Metaverse is a massively scaled and interoperable network of real time rendered 3D virtual worlds, which can be experienced synchronously and persistently by an effectively unlimited number of users with an individual sense of presence, and with continuity of data such as identity, history, entitlements, objects, communications, and payments."



    Bertrand



    That's the full definition. I like it, because you are not missing any piece of the puzzle, at the same time, by its very complexity, I feel it's showing us that it's not an easy definition. It might even be seen as a very contrive definition. If you think about the internet, how different is it really? The 3D part for sure. Beyond that, it's not very clear, actually, except that it's maybe more unified than the internet that we know. You could argue if you are just inside Facebook, how different it is about just being inside Facebook and just never leaving Facebook.



    Of course it to be horrible, at least from my perspective, using Facebook less and less. That's one vision. Some will say, we'll talk about what it is, but also what it is not. I will quote again Mathew Ball. For him it's not just a virtual world. It's not just a virtual space. It's not just VR. It's not just a digital virtual economy. It's not just a game. It's not just a virtual theme park. It's not a new app store. It's not a New UGC platform. For sure, it's a big buzzword in Silicon Valley these days, especially thanks to meta rebranding itself. Just from that perspective, it was huge on Google trends. Since the renaming of Meta everyone has been Googling what the metaverse is, I guess. What you think, Nuno?



    Nuno



    A lot of respect for Matthew Ball as an analyst, and his definition, as sound as all the other definitions that are out there. I have a couple of objections to his definition. It starts with interoperable. It starts with, "The metaverse as a massively scaled and interoperable network of real-time render 3D virtual worlds.

    • 42 min
    #28 – Strategic investors – a Mistake or real Value-Add?

    #28 – Strategic investors – a Mistake or real Value-Add?

    In this episode, we talk about Strategic Investors, detail what they are, their underlying realities and structures of operation, and present the case For and Against them. We also share Lessons Learnt that can be of value to you, if you are an Entrepreneur, a Financial/Institutional VC or a Strategic Investor. 



    Navigation:



    Intro (01:33)

    Section 1: Context Setting (02:44)

    Section 2: The Bad Examples (12:01)

    Seciton 3: The Good Examples (21:39)

    Section 4: Other Players Join the “Party” (36:30)

    Section 5: Lessons Learnt for Strategic Investors, Entrepreneurs and VCs (41:25)

    Conclusion (51:31)



    Our co-hosts:



    Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder at App Annie, business angel, advisor to startups and VC funds, @bschmitt

    Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro



    Our show:

     

    Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news

    Subscribe To Our Podcast







    Intro (01:34)



    Bertrand: Welcome to episode 28 of Tech DECIPHERED. This is a special episode on the topic of strategic investors. What are they, who are they, and are they helpful, how helpful can they be? I think it's one of the typical questions as an entrepreneur you would have to answer when you are considering getting financing. What type of investors, should I bring on board? And typically, early on, you might look at business angels. You might look at seed fund. And at some point, you would consider working with VCs. And you will probably discover that you have different type of VCs.



     On one side the sides we typically hear about in the news, in the press we are talking about more financial VCs. And on the other side of the spectrum you have what is called strategic investors, strategic VCs. Strategic sometimes for short. And we are going to talk about them. Who are they, what are they helpful for, how useful they are, how bad could they be for your business, for your startup. 



    Welcome, Nuno, good to be with you to discuss this topic. How are you today? 



    Nuno: I am well, in sunny California, so very well. 



    Section 1 - Context Setting 
(02:44)



    Nuno: Maybe starting by defining what is strategic investors and where does that come from? The notion of they invest in, but they also contribute something that is more strategic. Maybe in the form of a partnership, or in the form of resources or other types of things that you put at the table. Normally, strategic investors are looked in the light, or as opposed to financial investors. So investors that are solely driven by the financial return and therefore, also solely driven by the capital that they put in.



    The world has become a little bit muddy over the last decade or so. There's now, investors that are more what I would call operating investor. So operating investors that jump into the company, and spend a significant part of their time in the company, sometimes even taking a significant part of the company, not just the classic minority in the company. But in order to simplify our discussion today, let's stick to the financial investor side, and the strategic investor side. So a financial investor would be someone like Chameleon, Red River West other VC firms that are out there, Sequoia Capital. We are investors that invest in a company, the biggest upside we can get is really financial.



    And obviously, we will produce value for the company under the form of helping the company scale, helping the company hire, helping the company get access to resources, and a variety of other things.

    • 52 min
    #27 – Start-up and investment landscape in Europe – the good, the bad and … the reasons for optimism

    #27 – Start-up and investment landscape in Europe – the good, the bad and … the reasons for optimism

    We deep-dive into the nuanced - and somewhat less than stellar - history of Tech in Europe and how start-ups and investors are making up for lost time, leading to an ever maturing ecosystem, with significant reasons for optimism. Finally, we discuss the increasingly intertwined destinies of US and European Tech.Navigation:Intro (01:33)Section 1: Framing the European start-up and investment landscape (02:20)Section 2: Investment Approach in Europe (17:18)Section 3: Movements from US to Europe (51:19)Section 4: Movements from Europe to US (59:02)Conclusion (1:05:39)Our co-hosts:Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder at App Annie, business angel, advisor to startups and VC funds, @bschmittNuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedroOur show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news

    Subscribe To Our Podcast





    Intro (01:34)

    Nuno: Welcome to episode 27 of Tech Deciphered. We're going to address the tech landscape in Europe, focusing on the investment landscape, as well as the startup landscape, we will go into the typical entrepreneurial approaches as well as investment approaches in Europe, the mindsets, the tactics, the profiles, as well as the typical exits, we will then deep dive into the present state of Europe and how we see it evolve over time.  


    Bertrand: Thank you Nuno, good to be here today with you and to discuss this fascinating topic for us, we are both Europeans. Obviously I'm French, you're from Portugal. We have seen the European landscape changing dramatically over the past 20, 25 years. So that will be very exciting to talk about this. 


    Section 1 - Framing the European startup and investment landscape 
(02:20)

    Bertrand: I guess maybe we can start about controversies that happened a few months ago in June when The Economist had a big cover on the state of the investment in Europe and how Europe was really not doing much in the tech industry. interestingly enough, there was a quick swift reply from the founder and CEO of Stripe Patrick Collison, who is not just running Stripe from the U S but he's also a European citizen being Irish  


    Nuno: Yeah. His comment was basically saying, all of the points that you raise are great, I think you haven't really shown the case for optimism right? Where there's a lot of great successful companies coming out of Europe. He was mentioning a few that, are obviously runaway successes, like Spotify, Klarna, N26, UIpath, wise and a few others. 


    And he also obviously talks about Stripe and its role, although Stripe is more of an American company, to be honest, but Stripe in its role in working with very innovative companies in Europe as a counter position to the economists headline and main articles in that edition. 


    So to be honest, I think he is onto something in saying there is a case for optimism that wasn't duly manifested in that edition of your magazine or newspaper as they call it. It's very funny cause they call the economists still the newspaper, although it's in my view of magazine.  


    Bertrand: Maybe you want to restate the position of the economist. 


    Nuno: Yeah. The position of the economist is that basically the U S has taken over, right? You have companies like apple that are worth more in their view than 30 firms in the German blue-chip Dax index combined. Obviously we have Amazon, we have Microsoft, we have Google all these are multi-trillion dollar companies now, actually. 


    And so their point is, in some ways, Europe has lagged behind. I think their point was very focused also on the old Europe and where, even the big emerging tech winners,

    • 1 hr 8 min
    #26 – The Bubble we are in and its implications – Part 2

    #26 – The Bubble we are in and its implications – Part 2

    In our second and final episode on the Bubble, we share what is happening in Venture Capital, on the exit - IPO, M&A, etc - front, as well as share clear “so-whats” for entrepreneurs and VCs. For in-depth views on the status of the economy, listen to our previous episode, episode 25.



    Navigation:



    Section 1: What is happening in VC? (02:05)

    Section 2: Exits are great, though, right?! (17:52)

    Section 3: So-what? Implications for entrepreneurs and VCs (25:57)

    Conclusion (43:49)



    Our co-hosts:



    Bertrand Schmitt, Tech Entrepreneur, business angel, advisor to startups and VC funds, co-founder at App Annie, @bschmitt

    Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro



    Our show:

     

    Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news

    Subscribe To Our Podcast







    Intro (01:34)



    Nuno: Welcome to episode 26 of tech deciphered. This episode will conclude our two-part series on the bubble and why we actually believe there is one going on. In this episode, we will discuss the VC landscape and how it is evolving. We will talk about exits, not just IPOs, but also other types of exits like mergers and acquisitions and how that landscape is looking like.



    And finally, we will end up with something pragmatic, the "so what", the takeaways, the implications for both entrepreneurs and investors. 



    Section 1 - What is happening in Venture Capital? 
(02:05)



    Nuno: Moving to venture capital, there's a lot of interesting elements to talk about. Some really interesting analysis from our friend Tom Tunguz but also of what's happening in the macro space, some analysis of what we've seen from PitchBook and CB insights, it seems we're going to have an incredible year in venture capital. This is it. There's no crisis there's a ton of money, dry powder, there's new funds, I actually have a new fund going. So I'm very happy with that, but in some ways it's like, woh, this is all fantastic. Increasing everything, increasing everything, more deals, more money deployed.



    We're all great. We're going to have, a flagship year in venture capital. And somehow I'm like I like being in the market. We just closed our first deal, which is great. Thank you. So what's going to happen? In our micro world of startups and entrepreneurs and venture capital firms, 2021 is going to be an amazing year, but what's going to happen?



    Bertrand: Yeah. And to share some numbers it's pretty insane what we see. And for me, what's crazy is that it's at every range. So maybe it varies by country, by industry, but overall if I take Series A valuations, for instance, you have seen a jump from what? like more than 50% in two quarters this is the very definition of insanity.



    I'm not sure if we have ever seen that, and it's happening. At every level in the stack. So maybe early on in the pandemic, it was less true that it was at every level of the stack. Maybe, initially it was more: you are only investing in people you already knew, in companies you already knew, the first quarter or two. And because you are not used to work like this, you didn't know how long it would be like this. So you had a different approach that maybe favored existing companies bigger rounds, insider the rounds. But now I believe that we're at a stage where it's not at all about that anymore. 



    Or not just that anymore. It cannot be: to stay competitive you have to stay in the market, you have to invest. And maybe on that point maybe not every fund agree. We have a wide range from Tiger Global investing I forgot how many deals a day, actually 1.

    • 45 min

Customer Reviews

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Interesting insights

I like how these two tech entrepreneurs and investors use their years of experience in tech to draw on broad-eye view of the industry in their series.

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Insightful

Rare to have discussion and analysis on tech with a global view and looking forward into the future. Courageous, honest, insightful.

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