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

20VC: Cyan Banister on Her Relationship To Money, Risk, Her Investment Decision-Making Process, Why We Will See A Reckoning in the Early Stage Market, Her Biggest Takeaways from HQ Trivia & The Future of Silicon Valley

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Oct 19, 2020
Cyan Banister, a powerhouse early-stage investor with a portfolio featuring SpaceX and Uber, shares her unique insights on money and risk. She explores her journey from operator to investor and discusses her invaluable lessons from HQ Trivia. Cyan reveals her unconventional investment approach, including why she never Googles founders before meeting them. She warns of an impending reckoning in the early-stage market and advocates for diverse backing in startups.
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ANECDOTE

First Investment - SpaceX

  • Cyan Bannister's first investment was in SpaceX, a high-risk startup.
  • This was a difficult decision as SpaceX experienced failures during its early launches.
INSIGHT

Changing Relationship With Money

  • Cyan initially disliked money, viewing corporations as greedy and success as nefarious.
  • She changed her perspective after experiencing the pride and well-being of earning a paycheck, becoming a strong believer in capitalism.
ADVICE

Assessing Founders

  • Avoid Googling people before meeting them to get an unfiltered first impression.
  • Focus on understanding their motivations and life story, especially their resilience in overcoming hardships, which often connects to the problem they are trying to solve.
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