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

20VC: Framework For Hiring The Best Talent 100% Remotely, Raising $32M From Benchmark and GV Pre-Launch and How To Think Through Capital Efficiency and Runway Today with Jeff Seibert and Wayne Chang, Co-Founders @ Digits

May 1, 2020
Jeff Seibert and Wayne Chang, co-founders of Digits and veterans of Crashlytics, share their entrepreneurial journey and insights on building a successful remote team. They discuss the importance of a customer-centric approach and innovative solutions for financial clarity. Jeff and Wayne reveal their hiring framework for remote talent and the need for minimal meetings to enhance collaboration. They also reflect on their design philosophy, emphasizing a balance between simplicity and user experience, while navigating the challenges of securing funding and strategic growth.
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ANECDOTE

Crashlytics Founding Story

  • Jeff Seibert and Wayne Chang met at a startup dinner in Boston in 2011, which Wayne crashed.
  • They co-founded Crashlytics, reaching 300M MAUs before Twitter acquired them.
INSIGHT

Design-First Mentality

  • Design-first approach, even in technical fields, democratizes tools and expands accessibility.
  • Prioritizing design in unsexy industries offers significant opportunities for differentiation.
ADVICE

Optimize Time to Value

  • Focus intensely on time to value, especially in software.
  • Minimize setup time; users expect quick results, not weeks or months of waiting.
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