The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Loom Founder Joe Thomas on Whether To Take Multi-Stage Money at Seed, How Early Stage Founders Should Select Their VC, How Sequoia Won The Loom Deal & The 3 Rules To Operate Remote Teams Successfully
Aug 7, 2020
Joe Thomas, Founder and CEO of Loom, shares his journey from the Midwest to launching a video messaging revolution in the workplace. He discusses how to effectively operate remote teams with three essential rules, emphasizing the power of long-form writing. Joe dives into the transformed fundraising landscape since COVID, highlighting trust-building strategies for remote investor relationships. Plus, he offers advice for early-stage founders on selecting VCs and whether to embrace multi-stage funding at seed. Don't miss his insights on fostering an inclusive culture at Loom!
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Loom's Origin Story
- Joe Thomas, Loom's founder, and his co-founders all grew up near each other but didn't connect until California.
- Loom pivoted from video feedback for product experts to a general video messaging tool after user demand.
Hybrid Work
- Remote work allows hiring the best talent regardless of location.
- Loom uses a hybrid approach (remote + HQ) to accommodate employee preferences and attract a wider pool of talent.
Document Everything
- Leaders should document everything by default.
- Writing clearly improves thinking, and long-form writing helps create valuable evergreen content.
