What's the Difference Between a Management Fee and a Stock Option?

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Most of these people are just getting paid salary, but then yes, there's some carried interest. And this is your interest in all the investments that are being made. You sign up on a per fund basis. So you're constantly having to prove your worth because if you don't do well, you don't, you're not guaranteed to carry on the next bond or the next bond to the next bond.

In episode 36 Logan and Zach talk with Fivetran Co-Founder and CEO George Fraser about how entrepreneurship is evolving and whether the era of iterating on product until you find your niche still exists. Plus investors leaving major firms to start their own funds, how to choose a VC firm, and figuring out the right time to sell your company.

(0:00) Intro

(0:53) Investors starting their own funds

(10:05) Tiger

(14:16) Choosing a VC firm

(22:07) Facebook’s Yahoo offer

(25:04) Welcome George Fraser

(30:02) Plaid comparison

(39:01) Salesforce data

(42:32) Finding product/market fit

(46:52) Era of iterating to success

(51:55) What’s driving stack changes?

(56:29) Mixing family and business

(1:02:17) Academia to entrepreneurship

(1:00:28) Lawrenceville Boarding School

(1:05:56) Acquisition lessons learned

(1:10:07) Closing

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

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About the Show

A Saturday morning podcast hosted by Logan Bartlett (Partner and Managing Director at Redpoint Ventures) covering the tech news with his friends and other people with industry expertise.

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

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About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.