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

20VC: Why Operating Experience Becomes Irrelevant Fast and Operators Often Give Bad Advice to Founders, Is Silicon Valley Really Dead? Are Gen Z the Most Entitled Employees? What Will Happen to a Generation of Pre-PMF Companies with $50M in the Bank with

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Nov 23, 2022
In this discussion, Jeffrey Katzenberg, co-founder of DreamWorks and WndrCo, teams up with Sujay Jaswa, former Dropbox executive, to offer insights into the evolving tech landscape. They debate the relevance of operating experience for advisors and the shifting dynamics in Silicon Valley amidst layoffs. Generational disparities, particularly with Gen Z employees, spark a lively conversation about expectations. They also tackle the future for pre-PMF companies boasting large cash reserves, discussing innovation and effective networking in the changing corporate climate.
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ADVICE

Hiring for Potential

  • Hire talented people with high potential and strong work ethic.
  • Place them in roles that best suit their strengths.
INSIGHT

Embrace Change

  • Anticipate and embrace change, especially in technology-driven industries.
  • Adaptability is crucial for survival and success.
INSIGHT

Risk and Failure

  • Taking risks is essential for achieving originality, but it requires accepting the possibility of failure.
  • Silicon Valley's culture embraces failure as a learning opportunity, unlike Hollywood's culture of humiliation.
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