The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: NEA's Scott Sandell on SPACS and Why Liquidity is One of the Challenges of our Time, Why We Are At An Inflection Point For Secondaries & Why There Is Nothing To Suggest The Boom Will Not Continue
Mar 11, 2021
In this discussion, Scott Sandell, Managing General Partner at NEA, shares insights from nearly three decades in venture capital. He delves into the evolving landscape influenced by market fluctuations and the recent boom, highlighting liquidity as a pressing challenge. Scott emphasizes the transformative impact of technology on company growth and scaling. He also reflects on trust in investment partnerships, advocating for smaller, cohesive teams for better decision-making and collaboration. Personal values in investing and lessons from literature further enrich the conversation.
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Unexpected Entry into Venture
- Scott Sandell's path to venture capital began unexpectedly in 1996 after leaving Microsoft.
- He consulted for a company pitching VCs, leading to an interview and job offer from NEA.
Father's Influence
- Scott Sandell's father, a highly ranked Coast Guard officer, instilled in him values of excellence and humility.
- He taught Scott the importance of hard work, honor, and dedication to family.
Internet's Impact
- The internet is the biggest change in the venture landscape, transforming industries like healthcare and digitizing the world.
- This ubiquitous connectivity has enabled unprecedented scaling and growth for businesses.
