This Week in Startups

Michael Kim, Founder and Managing Partner of Cendana Capital, dives into the world of seed-stage investments. He explains what a fund of funds is and the pivotal role they play in portfolio construction. Kim shares his insights on ownership percentages, what makes a phenomenal seed fund manager, and the intriguing dynamics of secondary sales. He also discusses Robinhood as a potential acquisition target and reflects on recent shifts in the investment landscape post-COVID, emphasizing the golden opportunity for early-stage investments during these turbulent times.

Lolita Taub, a Venture Partner at NextGen Venture Partners, is passionate about uplifting underestimated founders, while Tom Uebel, CEO of Command E, creates tools for document efficiency. They delve into how systemic bias affects venture capital, especially for marginalized entrepreneurs. The conversation also touches on Zoom's handling of sensitive accounts in China and the challenges of privacy in tech. They explore Wall Street Bets and the lessons for new traders, and discuss Reddit's approach to free speech and board diversity in today's digital landscape.

Mike Jones, CEO of Science and a pioneer in tech startups, shares his journey from Userplane's sale to AOL to leading a venture studio. He discusses the evolution from startup studios to incubators and the economics behind venture-studios. Insights on the direct-to-consumer space, particularly how to identify great DTC founders, come to the forefront, highlighted by his investment in Dollar Shave Club. The conversation also touches on the lasting impacts of remote work and the necessity for founders to adapt through hardship.

The discussion kicks off with insights on Uber's growth trajectory and the impact of leadership changes on its future. Subscription pricing strategies are explored, with tips for consumer services drawn from successful companies. Insights into effective management styles and the challenges of leading older, more experienced teams are shared. The conversation shifts to post-COVID market trends, highlighting optimism for innovation. Lastly, the balance between investing in high-growth versus moderate-growth startups is analyzed, emphasizing the critical role of founder instincts.

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This discussion tackles the impact of the Black Lives Matter movement on the tech industry and how startups can lead the charge in bringing manufacturing back to the U.S. Insightful tips on pre-selling SaaS products reveal strategies for gathering customer feedback. The speakers debate the changing dynamics of startup hubs in a post-COVID world, while navigating the complexities of founder and VC relationships. Additionally, they explore the importance of collaboration tools for remote work and share ideas for fostering innovative thinking in tech.

Ravi Belani, Managing Director of Alchemist Accelerator and former DFJ investor, shares his insights from the B2B startup world. He discusses the unique benefits of accelerators, emphasizing their risk-taking approach compared to traditional VC firms. Ravi reflects on the investment journey with Justin.tv, shedding light on innovative media challenges. He also explores the evolving startup landscape post-pandemic, remote collaboration's impact, and the spiritual dimensions of entrepreneurship. Belani underscores that the best entrepreneurs embrace the process, not just the outcomes.

Alexis Ohanian, co-founder of Reddit and Initialized Capital, shares insights on his journey in tech and venture capital. He discusses Reddit's comeback after its acquisition, highlighting innovative features like Reddit Gold and exploring the future of micropayments. Alexis emphasizes the importance of community and balancing work with family life as a 'Girl Dad.' He also elaborates on his role in transforming venture capital into a collaborative environment, improving his investor skills, and navigating the challenges of celebrity status in both personal and professional realms.

Ben Narasin, a Venture Partner at NEA with 25 years of entrepreneurial experience, dives into the nitty-gritty of startup funding. He shares what makes a compelling pitch deck and the key traits he seeks in founders. Narasin discusses how COVID-19 reshaped deal-making and the importance of personal connections in investments. Entrepreneurs are advised on navigating financial struggles, especially in the SaaS realm, and he emphasizes the critical need for clarity in pitching. His insights are a goldmine for aspiring founders and investors alike.

Garry Tan, Managing Partner and Co-founder of Initialized Capital, dives into the evolving landscape of seed-stage investing. He discusses how VCs are adapting to pandemic challenges and the significance of pro rata rights in maintaining investor relationships. Garry reflects on the impact of software companies as modern-day governance, data storage challenges, and the role of universal basic income in addressing wealth inequality. He also shares insights on the competitive dynamics of delivery services and startup growth amidst economic shifts.