This Week in Startups Satya Patel on the state of VC, flexible investing frameworks & converting to evergreen | E1715
Apr 6, 2023
Satya Patel, co-founder of Homebrew and ex-Google and Twitter, dives into the evolving landscape of venture capital. He discusses the economics and flexibility of being a self-funded GP, shedding light on investment frameworks. Satya also examines the pressures of managing funds and the innovative challenges at Google, alongside the impact of AI on user engagement. The conversation highlights the importance of founder-friendly practices and fosters an insightful look at navigating the complexities of startup governance and the future of investment in AI.
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Early Google Culture
- Early Google employees prioritized learning and the mission over financial gains.
- This fostered a culture of trust and rapid innovation, crucial for early-stage companies.
Culture and Hiring
- Define company culture and values early on.
- Hire the first 20 employees intentionally, prioritizing alignment with mission and values.
Self-Funding
- Consider self-funding if you have the financial means and believe in your picking abilities.
- This eliminates LP management, allows for different risk-taking, and offers better return economics.