The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Zach Weinberg, Co-founder of Operator Partners and angel investor extraordinaire, shares insights from his impressive journey in the startup world. He discusses the significance of ownership in corporate culture and governance, alongside the rise of pre-emptive funding rounds. Zach dives into his personal capital allocation strategies, reflecting on risk and opportunity costs. He also examines the impact of multi-stage funds in seed stages, offering advice to founders navigating these funding dynamics. This conversation is a goldmine for venture capital enthusiasts!
AI Snips
Chapters
Books
Transcript
Episode notes
Zach's Founding Journey
- Zach Weinberg co-founded Invite Media and Flatiron Health, achieving successful exits with both.
- His investing journey evolved organically from angel investing to founding Operator Partners.
Personal Capital Allocation
- Allocate a percentage of your capital to startup investments, starting with a comfortable amount you can afford to lose.
- Consider increasing allocation as your confidence and deal flow improve.
Risk and Opportunity Cost
- Evaluate risk in terms of opportunity cost and consider your personal circumstances, including family support.
- Family wealth, even upper-middle class, can significantly influence risk tolerance in entrepreneurship.
