20 VC 058: 10 Key Traits To Be A Successful Founder with David Wu, General Partner @ Maveron

David Wu is a General Partner at Maveron, which he joined in 2012 to help identify new investments in Web companies that have the potential to become leading consumer brands. He sourced and led Maveron's investment, Eargo and Darby Smart, also serving on their board. David is very much founder focussed and you’ll often find him coaching entrepreneurs at top Bay Area incubators such as Y Combinator, AngelPad, 500 Startups, and Stanford’s StartX and was previously EIR at Redpoint Ventures. His close ties to the Silicon Valley entrepreneurial community have led him to invest personally in over 30 start-ups, including Practice Fusion, Postmates, Tile, Jaunt VR, and SeatMe.

In Today's Episode You Will Learn:

• How David made his move into the world of venture capital?
• How David perceives the current seed funding environment?
• What makes Stanford the breeding ground of tech unicorns that it is?
• How to create a bay area style culture?
• What is the most frequent problem David sees startups encounter and how do they overcome it?
• How can entrepreneurs know which funding source to go for? Crowdfunding, VC, Angel?
• Why should startups take seed VC money over angel money? What is the difference?
• What are the key traits required to be a great founder?
• How can products with early adopter usage transition to a mass market product?

Items Mentioned In Today's Show:

• David's Fave Books: Game Of Thrones
• David's Most Recent Investment: Jott

As always you can follow Harry, David, The Twenty Minute VC and Maveron on Twitter right here!