The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Why and How The Best Companies Build Economies Around Themselves, When, Why and How To Build Effective Partner/Channel Networks & The Power of Compounding Growth in SaaS with Jay Simons, General Partner @ Bond
Jun 10, 2021
Jay Simons, General Partner at Bond Capital and former President of Atlassian, shares insights from his extensive career in tech and venture capital. He discusses how successful companies build economies around themselves and the key signs founders exhibit when they think this way. Jay emphasizes the power of partner and channel networks, explaining when to establish them and common pitfalls. He also reflects on his journey from pianist to venture capitalist, highlighting the human aspects of growth and leadership in business.
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Piano in Asia
- Jay Simons played piano in Asia in his 20s, learning to adapt and connect with diverse cultures.
- This experience taught him valuable skills like careful listening and appreciating differences.
The Wise Brass Owl
- Alex gave Jay a brass owl as a symbol of friendship and wisdom when he left Atlassian.
- Jay carried the owl during Atlassian's IPO roadshow and listing as a tribute to Alex's contributions.
Building Economies
- Successful companies build economies around themselves, including partner, marketplace, and job economies.
- These economies create network effects and strengthen both growth and defensive moats.
