The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why 95% of Venture Capital is Not Really "Venture Capital" | The Five Core Levers Needed To Assess Risk and Price a Startup | The Future of Venture; Who Wins, Who Loses, What Happens to the Crossover Funds with Will Quist, Partner @ Slow Ventures

Sep 12, 2022

Will Quist, a Partner at Slow Ventures, brings a wealth of experience from investing in over 500 startups including Robinhood and Airtable. He challenges the notion of what defines venture capital, claiming 95% is misclassified. The conversation delves into the critical questions investors should ask to evaluate potential success. Will also shares insights on the evolving landscape of venture capital, the balance between risk and opportunity, and how organizational mindsets must adapt as startups shift from growth to capital efficiency.

45:53

Creator website

Episode guests

Will Quist

Highlights

AI Chapters

Episode notes

How to Marry Classic Venture Practice With a Generalist Collaborator Model

01:24

Venture Capital Isn't Venture Capital

01:23

Intro

3min

Navigating the Venture Capital Landscape

20min

The Shifting Landscape of Venture Capital

5min

Valuable Lessons from Success and Failure in Venture Capital

2min

Navigating Organizational Mindset Shifts: From Growth to Capital Efficiency

2min

Navigating the Complexities of Selling Investments

2min

Navigating Venture Capital: Strategies and Insights

9min

Excitement in Medicare Innovation and Strategic Investments

4min

Will Quist is a Partner @ Slow Ventures. Over the last decade, the team at Slow Ventures have invested in the earliest rounds of over 500 companies including Robinhood, NextDoor, Airtable, Solana and many more. As for Will, prior to Slow he spent over 8 years at Industry Ventures and before industry, cut his teeth in the world of finance at Banc of America.

In Todays Episode with Will Quist We Discuss:

1.) Entry into Venture:

How Will made his way from 6th generation San Francisco to Partner @ Slow?
What are 1-2 of the biggest takeaways from his early 1-1s with Don Valentine?
What does Will know now that he wishes he had known when he started in venture with Industry?

2.) WTF Really is Venture Capital?

Why does Will believe that 95% of venture capital today is not really venture capital?
What is true venture capital in Will's mind?
How does Will divide the world of VC into two with; venture classic and new venture?
How are they different? How are their return profiles different?

3.) The Questions: Discovering Greatness:

Why does Will believe “for the most part, investors across asset classes are just asking the same questions”?
What are those questions? What different answers are each looking for?
What are the 5 core questions that will needs to understand to determine conviction and accurately price an asset?
How does Will think through and analyze the question when meeting founders of; “what needs to come true for this business to become a great business”?

4.) The Future of Venture Capital:

How does Will predict the venture capital ecosystem will look in 5 and then 10 years?
What are the most concerning traits of the venture ecosystem for Will today?
Who will be the winners of the next decade? Who will be the losers?
What happens to the crossover funds? What will happen to Tiger?