Tank Talks By Ripple Ventures Craft Ventures Bryan Rosenblatt on Angel investing and the current VC landscape
On Today's show, we talk about angel investing, the current venture landscape, and how the later stage investing world is being disrupted with Partner at Craft Ventures, Bryan Rosenblatt. Bryan brings a deep operations background to his investing from working at companies like Twitter and Reddit where he helped with customer acquisition. He soon added angel investing as a side hustle and was able to get into competitive rounds in later-stage companies like Lamda School, Slack, and Carta. It’s a great conversation.
About Bryan Rosenblatt:Bryan is a partner at Craft Ventures, focused on building the firm's east coast portfolio. Prior to joining Craft, Bryan led Reddit's New York office and revenue team, cultivating partnerships with brands like Google, Microsoft, Coca-Cola, P&G, and HBO. During his time at Reddit, the revenue organization grew 10x while scaling revenue to a $100m+ annualized revenue run rate. Bryan was an early member of Twitter's New York team where he worked with brands like Peloton, Harry's, Bonobo's, Casper, and Under Armour on their acquisition marketing efforts. Bryan has been an active investor both personally and via Riverside Ventures, which he founded in early 2017. His investments include Carta, Citizen, Bonobo's, Slack, and Dapper Labs. In 2018, Bryan was named to Forbes 30 Under 30 list for Marketing & Advertising. He was also recognized by Ad Council for championing nonprofit advertising that builds awareness around topics including mental health and diversity & inclusion. In 2021, Bryan was named to Business Insider's Top 100 Seed Investors.
Bryan is a mentor for Backstage Capital, helping advance underrepresented founders and entrepreneurs.
A message from our sponsor:
Now more than ever, entrepreneurs need committed partners to help them navigate the hardest pain points of scaling a technology business. Created by one of Canada’s largest banks, RBCx is re-imagining what it means to create meaningful and impactful technology companies in Canada.
RBCx – the tech banking arm of the Royal Bank of Canada - is a full-service platform that accelerates the entrepreneurial journey at every stage of growth – providing access to a complete suite of capital solutions, innovative products and services, and operational expertise to help technology companies scale.
Sid Paquette – former Managing Partner at OMERS Ventures, is leading the group and has recruited a bunch of new faces to the bank from the Venture and Tech industry. Tony Barkett and Tyler Kirk – two former Silicon Valley Bank leaders in addition to Nicole Kelly and Anthony Mouchantaf have also joined Sid from OMERS Ventures.
RBCx has been incredibly active since their launch in June as an LP, and have already backed some of Canada’s most notable VC funds including Golden, Amplitude, Version One, and Lumira Ventures.
To learn more about RBCx visit www.rbcx.com or follow them on Twitter or Linkedin.
In this episode we discuss:
02:42 Biggest lessons he learned in his early career at Reddit and Twitter about customer acquisiton
04:34 How he evolved from a qualitative perspective to a quantitative perspective on marketing
05:49 The experience of building a sales team at Reddit starting in 2015
07:41 The importance of brand story and opportunity when there is a strong userbase
10:14 How Bryan was able to get into competitive later rounds as an angel investor
12:07 The importance of momentum and building on wins to secure dealflow
13:26 Bryan’s early due-diligence process
14:18 Why a founder’s character is important at early stage investing
15:05 The learning value of losing money as angel investor
16:04 Early personal risk when investing
16:39 The biggest loss and biggest wins as an angel investor
18:54 Training yourself to know when to listen to your gut
20:34 Ways he needed to step up his game when joining a marquee firm like Craft Ventures
22:15 Early lessons he learned from the senior Craft Ventures partners
24:01 What was the hardest thing to learn in his transition to venture investing
25:18 How the market has evolved since becoming a VC
27:16 The importance of conviction in growth when investing
28:12 The SaasGridQA.com tool Craft just launched for founders to help analyze and predict growth
29:10 How Bryan helps foster and grow partnerships within his portfolio
30:55 Will companies like Pipe.com ultimately destroy the VC model?
32:25 Bryan’s tips for founders who are pursuing a product-led growth strategy
34:33 The best way to onboard new customers
35:44 Craft Venture portfolio companies that have nailed the product-led growth strategy
37:18 The part of the Craft platform Bryan would recommend to every founder
38:53 How Craft views the market in general
Fast Favorites
Podcast
Newsletter/Blog
Tech Gadget
Trend
Alternative assets like trading cards
Book
Life Lesson
Stay hungry, stay humble.
Follow Matt Cohen and Tank Talks here!
Podcast production support provided by Agentbee.Agency
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com