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The Startup Playbook Podcast
Rohit Bhargava - Entrepreneur | Blogger | Podcaster. I help launch, grow and fund startups and online businesses
Every week, I interview successful entrepreneurs, investors and business industry experts on how they got started, the strategies they used to succeed and their advice to current and future entrepreneurs
Episodes
Mentioned books
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Aug 2, 2023 • 1h 4min
Ep170 – Pete Davis (Co-founder & CEO – 1FF) on building the future of football
Pete Davis, Co-founder & CEO of One Future Football, discusses the creation of a global football league played by CGI-generated athletes. They touch on topics such as engaging fans through data science, creating a narrative-driven broadcast, and allowing fans to earn points and make decisions. This podcast explores Pete's background in sports, the startup journey, and the unique vision of One Future Football.
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Aug 25, 2022 • 37min
Ep169 – Jax Vullinghs (Partner – AirTree) on valuations, IC and moats
The Startup Playbook PodcastInsights and lessons from the world's best entrepreneurs and investors
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Ep169 – Jax Vullinghs (Partner – AirTree) on valuations, IC and moats
August 25, 2022
rohitbhargava
Podcast
My guest for Ep169 of The Startup Playbook Podcast was Jax Vullinghs, Partner at AirTree Ventures.
Jax has had a fascinating career to date.
She studied History at University before making the non-obvious leap into the world of investment banking at Merrill Lynch.
After 2.5 years she decided to join an early stage startup called Listable (before rebranding to Kalo). Kalo went on to raise significant funding rounds by some of the world’s biggest VC funds.
In 2018 she moved to Australia and joined AirTree Ventures, one of the leading VCs in Australia, as a Partner of the fund.
In this jam packed episode, you will see why I’m personally over the moon about having Jax join The Playbook Angel Network, our new angel investment syndicate, as an advisor. We will be investing in early stage, high growth tech companies and we’re stoked to have Jax’s in our corner.
In this episode we covered a variety of topics including;
How Jax and AirTree assess seed stage opportunities and determine a valuationWhat makes companies valuable over the long termAirTree’s investment committee processJax and AirTree’s bet on MilkrunThe important role of angel investors& much more
Timestamps
03:50 – Jax’s background08:34 – Why Jax made the decision to leave banking for the startup world09:14 – Lessons from raising $25 million at Listable11:14 – Advice for founders raising capital in the current financial market12:12 – How AirTree approaches evaluating potential seed stage investments13:24 – How Jax approaches understanding analytics, spreadsheets and models16:10 – How founders can present their analytics to best tell their story17:36 – What Jax looks for in a seed stage investment19:57 – How to effectively tell the story of a company when pitching to investors22:26 – AirTree’s Investment Committee process for deciding whether or not to invest25:38 – How Jax thinks about building founder/investor relationships28:00 – Supporting women and other underrepresented founders within the startup ecosystem31:03 – What made AirTree invest in Milkrun34:14 – The Playbook Angel Network, and the importance of angel investors in the startup ecosystem
Playbook Angel Network
The Playbook Angel Network is a syndicate comprised of “friends and guests” of the podcast who invest in early stage, high growth tech startups.
Find out more at playbookangelnetwork.com
Our partners
A big thank you to Maxine Minter and Matt Keeley for their help with this interview. Also a big thank you to our partners for this episode.
Lawpath
Lawpath’s Legal Advice Plan gives you access to lawyers on demand for one low monthly fee. Create legal documents, sign online and have a lawyer on-call to help you through any legal need for a fraction of the cost. Lawpath has helped Australian businesses save over $100 million in legal fees, and are offering Startup Playbook listeners up to 20% off their most popular legal plans. Visit lawpath.com/playbook for your exclusive discount and discover an easier way to get your legals sorted.
Scendar
We’re Scendar, an accounting and advisory practice better described as Finance as a Service (FaaS). We’re focused on founders, funders and startups. Clients that are ever-changing and adapting. We like fast movers. And as you might have guessed, we’re not your basic accountancy. We can take care of tax and the books whilst building a syndicate fund and a multimillion dollar exit strategy. At Scendar, we’re empowered by our client’s potential. Find out more at Scendar.com
Dovetail Studios
Dovetail Studios operates a venture studio and VC to transform ambitious ideas into unstoppable businesses. On top of being a renowned product development partner for startups like Afterpay, they also operate a VC fund to invest in early-stage companies that go through their venture studio program. So if you’re a non-technical, early-stage founder looking for a talented team to help supercharge your success, check out dovetailstudios.com
Links Mentioned
Jax’s Links
TwitterLinkedInJax@airtree.vc (Rohit: please check this is correct as I wasn’t certain)
People mentioned
Matt KeeleyJohn HendersonMaxine MinterDanny Milham
Companies mentioned
AirTree Ventures – AirTree on Twitter – AirTree on LinkedInMerrill Lynch
Kalo (previously Listable)MilkrunPlaybook Angel Network
Feedback/connect/say hello:
Rohit@startupplaybook.co@RohitBhargava7 (Twitter)/rohbhargava (LinkedIn)@rohit_bhargava (Instagram)My Youtube Channel
Credits:
Music: Paycheck
Other channels:
Don’t have iTunes? The podcast is also available on Spotify, Soundcloud & Stitcher Audio Player.
Find all links to the podcast here.
https://traffic.libsyn.com/secure/startupplaybook/EP169_-_Jax_Vullinghs_Partner_-_AirTree_on_valuations_IC_and_moats.mp3Podcast: Play in new window | Download | EmbedSubscribe: RSS
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Jul 28, 2022 • 47min
Ep168 – Will On (Co-founder & Co-CEO – Shippit) on fundraising, secondaries and the Co-CEO model
The Startup Playbook PodcastInsights and lessons from the world's best entrepreneurs and investors
Twitter
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YouTube
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Ep168 – Will On (Co-founder & Co-CEO – Shippit) on fundraising, secondaries and the Co-CEO model
July 28, 2022
rohitbhargava
Podcast
My guest for Ep168 of The Startup Playbook Podcast was the Co-founder & Co-CEO of Shippit, Will On.
Will and his co-founder Rob started Shippit in 2014. They raised $500K as their first funding round bringing in a number of strategic investors on board when it was just the two of them in the business.
Fast forward 8 years later and Shippit now has a 200+ strong team and recently raised a $62m Series B2 funding round led by Tiger Global and Tidal Ventures.
In this interview we covered a range of topics including:
navigating the challenges of early stage startupslessons from Shippit’s Co-CEO modelsecondarieshow fundraising changes from Seed to Series B & much more
Timestamps
03:16 – William’s backstory05:20 – Feeling like a “misfit” during university08:31 – The early days of building Shippit12:36 – Advice for founders when evaluating potential external business partners15:07 – How the co-CEO relationship has worked for William and Rob Hango-Zada20:19 – Early challenges Shippit faced in gaining momentum24:45 – How the approach to raising capital has changed during the last 7 years of Shippit27:03 – Advice for founders currently raising capital32:35 – Secondaries and how it’s played out for Shippit35:22 – Leveraging secondaries to attract more talent36:55 – How Shippit found a specific focus within the broader industry they work within39:56 – Balancing a specific focus with looking out for new opportunities43:59 – Advice on how to surround yourself with the right people
Our partners
A big thank you to Daniel Gulati and Justin Lipman for their help with this interview. Also a big thank you to our partners for this episode.
Lawpath
Lawpath’s Legal Advice Plan gives you access to lawyers on demand for one low monthly fee. Create legal documents, sign online and have a lawyer on-call to help you through any legal need for a fraction of the cost. Lawpath has helped Australian businesses save over $100 million in legal fees, and are offering Startup Playbook listeners up to 20% off their most popular legal plans. Visit lawpath.com/playbook for your exclusive discount and discover an easier way to get your legals sorted.
Scendar
We’re Scendar, an accounting and advisory practice better described as Finance as a Service (FaaS). We’re focused on founders, funders and startups. Clients that are ever-changing and adapting. We like fast movers. And as you might have guessed, we’re not your basic accountancy. We can take care of tax and the books whilst building a syndicate fund and a multimillion dollar exit strategy. At Scendar, we’re empowered by our client’s potential. Find out more at Scendar.com
Dovetail Studios
Dovetail Studios operates a venture studio and VC to transform ambitious ideas into unstoppable businesses. On top of being a renowned product development partner for startups like Afterpay, they also operate a VC fund to invest in early-stage companies that go through their venture studio program. So if you’re a non-technical, early-stage founder looking for a talented team to help supercharge your success, check out dovetailstudios.com
Links Mentioned
Will’s Links
TwitterLinkedIn
People mentioned
Rob Hango-ZadaDaniel Gulati Steve BaxterMichael CindricLachlan DonaldJustin LipmanLes SzekelyMarcus LimHoward LeibmanIan BeattyLeigh JasperJames Chin Moody
Companies mentioned
ShippitDeloittePwCUnilever Shark TankSentiaBuildkiteOneflareSecond QuarterSendle
Feedback/connect/say hello:
Rohit@startupplaybook.co@RohitBhargava7 (Twitter)/rohbhargava (LinkedIn)@rohit_bhargava (Instagram)My Youtube Channel
Credits:
Music: Paycheck
Other channels:
Don’t have iTunes? The podcast is also available on Spotify, Soundcloud & Stitcher Audio Player.
Find all links to the podcast here.
https://traffic.libsyn.com/secure/startupplaybook/Ep168_-_William_On_Co-founder__Co-CEO_-_Shippit_on_fundraising_secondaries_and_the_Co-CEO_model.mp3Podcast: Play in new window | Download | EmbedSubscribe: RSS
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The post Ep168 – Will On (Co-founder & Co-CEO – Shippit) on fundraising, secondaries and the Co-CEO model appeared first on Startup Playbook.
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Jul 14, 2022 • 55min
Ep167 – Justin Lipman (Partner – EVP) on metrics, focus and valuations
The Startup Playbook PodcastInsights and lessons from the world's best entrepreneurs and investors
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Facebook
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Ep167 – Justin Lipman (Partner – EVP) on metrics, focus and valuations
July 14, 2022
rohitbhargava
Podcast
My guest for Ep167 of The Startup Playbook Podcast was Justin Lipman, Partner at EVP.
Justin started his career in Finance working inside organisations like Credit Suisse, EY and Investec before taking the plunge to join EVP in the very early days of the Venture Fund.
The team spent the first year advising startups before raising $25M for their first fund. Fast forward 7 years later and EVP now has over $250M in funds under management.
Unlike other funds that open their investment mandate as they grow, EVP has doubled down on it’s focused investing approach by only investing in B2B software and marketplace businesses.
This focused approach has allowed them to build a fantastic portfolio which includes the likes of Siteminder, Deputy, Ignition and Shippit.
In this episode we covered a range of topics including:
EVP’s unique investment approach to investing focus and portfolio constructionThe metrics and benchmarks that EVP tracks when making investment decisionsJustin’s views on whether the power law is as powerful as it was a few years agoManaging imposter syndromeStartup valuations& much more!
Timestamps
03:31 – Justin’s early career and starting EVP06.53 – Transitioning from a large corporation to small VC fund09:18 – Scrappy early days of EVP11:42 – The ways EVP has changed, or stayed the same, as it has grown15:20 – The decision to specialise in early stage B2B software investing, rather than diversifying 19:10 – How EVP think about portfolio construction 26:26 – The importance of data in EVP’s investment approach32:48 – Specific metrics that founders in B2B SaaS startups should keep a close eye on38:48 – Benchmarks for expected win rates for sales in early stage companies40:06 – Advice for founders building companies in the current economic climate44:38 – How founders should approach valuation discussions with investors47:43 – Imposter syndrome, and strategies to handle or mitigate it50:54 – Navigating the founder-investor relationship
Our partners
A big thank you to Matt de Boer, Dan Szekely and William On for their help with this interview. Also a big thank you to our partners for this episode.
Lawpath
Lawpath’s Legal Advice Plan gives you access to lawyers on demand for one low monthly fee. Create legal documents, sign online and have a lawyer on-call to help you through any legal need for a fraction of the cost. Lawpath has helped Australian businesses save over $100 million in legal fees, and are offering Startup Playbook listeners up to 20% off their most popular legal plans. Visit lawpath.com/playbook for your exclusive discount and discover an easier way to get your legals sorted.
Scendar
We’re Scendar, an accounting and advisory practice better described as Finance as a Service (FaaS). We’re focused on founders, funders and startups. Clients that are ever-changing and adapting. We like fast movers. And as you might have guessed, we’re not your basic accountancy. We can take care of tax and the books whilst building a syndicate fund and a multimillion dollar exit strategy. At Scendar, we’re empowered by our client’s potential. Find out more at Scendar.com
Dovetail Studios
Dovetail Studios operates a venture studio and VC to transform ambitious ideas into unstoppable businesses. On top of being a renowned product development partner for startups like Afterpay, they also operate a VC fund to invest in early-stage companies that go through their venture studio program. So if you’re a non-technical, early-stage founder looking for a talented team to help supercharge your success, check out dovetailstudios.com
Links Mentioned
Chris’s Links
TwitterLinkedInJustin’s profile on Letter of IntentJustin’s email
People mentioned
Howard Leibman – EVPLes Szekely – EVPDaniel Brand – SnapReviseWilliam On – ShippitRob Hango-Zada – ShippitMatt de Boer – Athletic VenturesJames Leathem – VendorPanelKal Jamshidi – LOI
Companies mentioned:
EVPCredit SuisseSnapReviseSiteMinderHotel ClubShippitDeputyRezdyAthletic VenturesHnryA16zVendorPanelLetter of Intent
Feedback/connect/say hello:
Rohit@startupplaybook.co@RohitBhargava7 (Twitter)/rohbhargava (LinkedIn)@rohit_bhargava (Instagram)My Youtube Channel
Credits:
Music: Paycheck
Other channels:
Don’t have iTunes? The podcast is also available on Spotify, Soundcloud & Stitcher Audio Player.
Find all links to the podcast here.
https://traffic.libsyn.com/secure/startupplaybook/Ep167_-_Justin_Lipman_Partner_-_EVP_on_metrics_focus_and_valuations.mp3Podcast: Play in new window | Download | EmbedSubscribe: RSS
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The post Ep167 – Justin Lipman (Partner – EVP) on metrics, focus and valuations appeared first on Startup Playbook.
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Jun 30, 2022 • 54min
Ep166 – Dan Krasnostein (Partner – Square Peg Capital) on teaching, culture and conviction
Dan Krasnostein, Partner at Square Peg Capital, discusses teaching, culture, and conviction in venture capitalism. Topics include Square Peg Capital's unique investment strategy, building strong teams and cultures for success, global investing perspectives, Australian founder insights, and the role of teaching in career and portfolio management.
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Jun 3, 2022 • 46min
Ep165 – Glenn Rogers (Co-founder & CEO – Float) on focus, constraints & scale
The Startup Playbook PodcastInsights and lessons from the world's best entrepreneurs and investors
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Ep165 – Glenn Rogers (Co-founder & CEO – Float) on focus, constraints & scale
June 3, 2022
rohitbhargava
Podcast
My guest for Ep165 of The Startup Playbook Podcast was Glenn Rogers, the Co-founder & CEO of Float.
Glenn and his Co-founder Lars started Float 11 years ago to solve some of the resource management issues they were seeing through their work at a New York based agency, Razorfish
They tried to raise capital at the start of their journey but were rejected by every VC fund and investor they spoke to, leading them to bootstrap the business and to operate it on the side of their full time roles in New York.
Fast forward to today and Float now employs over 40 people globally and has grown the business to $10M in ARR without external funding.
In this episode we dive into Glenn’s lessons and insights from taking Float from $0 to a $10M ARR business. Specifically we discuss:
dealing with well capitalised competitors in a growing market building successful remote first team cultures the importance of constraints evolving the CEO’s role from scrappy startup to scale up and much more!
Timestamps
3:34 – Glenn’s background4:35 – Lessons from Glenn’s early career at Seek6:06 – Float’s origin story8:20 – Managing a FT job and launching/running Float as a side hustle9:16 – Early plans to raise capital and their adjustment post rejections from VC funds11:21 – How being forced to bootstrap setup constraints and shifted Float’s strategy and approach to growth13:59 – Balancing meeting short term needs with long term objectives when working with limited resources16:00 – Maintaining focus in the face of competition18:50 – Building effective remote first culture23:38 – Building trust and connection between remote teams25:14 – Being hands on as a founder vs hands off as a manager27:07 – Why Glenn maintained the “head of product” role alongside the CEO role29:12 – How to judge when to continue or cancel experiments33:28 – Transition from scrappy startup to scaleup39:59 – The importance of mentors and advisors
Our partners
A big thank you to Simon Betschel and Josh Ismin for their help with this interview. Also a big thank you to our partners for this episode.
Lawpath
Lawpath’s Legal Advice Plan gives you access to lawyers on demand for one low monthly fee. Create legal documents, sign online and have a lawyer on-call to help you through any legal need for a fraction of the cost. Lawpath has helped Australian businesses save over $100 million in legal fees, and are offering Startup Playbook listeners up to 20% off their most popular legal plans. Visit lawpath.com/playbook for your exclusive discount and discover an easier way to get your legals sorted.
Scendar
We’re Scendar, an accounting and advisory practice better described as Finance as a Service (FaaS). We’re focused on founders, funders and startups. Clients that are ever-changing and adapting. We like fast movers. And as you might have guessed, we’re not your basic accountancy. We can take care of tax and the books whilst building a syndicate fund and a multimillion dollar exit strategy. At Scendar, we’re empowered by our client’s potential. Find out more at Scendar.com
Dovetail Studios
Dovetail Studios operates a venture studio and VC to transform ambitious ideas into unstoppable businesses. On top of being a renowned product development partner for startups like Afterpay, they also operate a VC fund to invest in early-stage companies that go through their venture studio program. So if you’re a non-technical, early-stage founder looking for a talented team to help supercharge your success, check out dovetailstudios.com
Links Mentioned
Glenn’s Links
Glenn on Twitter
People mentioned
Lars Gelfan – FloatPaul Bassat – Square Peg CapitalAndrew BassatSiobhan Hayes – FloatMatt Allen – Tractor Ventures
Companies mentioned:
SeekSquare Peg CapitalRazorfishBasecampTechstarsTractor Ventures
Feedback/connect/say hello:
Rohit@startupplaybook.co@RohitBhargava7 (Twitter)/rohbhargava (LinkedIn)@rohit_bhargava (Instagram)My Youtube Channel
Credits:
Music: Paycheck
Other channels:
Don’t have iTunes? The podcast is also available on Spotify, Soundcloud & Stitcher Audio Player.
Find all links to the podcast here.
https://traffic.libsyn.com/secure/startupplaybook/Ep165_-_Glenn_Rogers_Co-founder__CEO_-_Float_on_focus_constraints_and_scale.mp3Podcast: Play in new window | Download | EmbedSubscribe: RSS
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May 26, 2022 • 1h 2min
Ep164 – Chris Hitchen (Managing Partner – Possible Ventures) on investing in the possible
Chris Hitchen, Managing Partner of Possible Ventures, shares insights on investing in frontier technology. He discusses his journey from athlete to investor, building conviction in partnerships, and the success story of investing in So Rare. The chapter also emphasizes the importance of authenticity in mission and navigating founder's challenges.
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May 19, 2022 • 53min
Ep163 – Jaddan Comerford (CEO – Unified Music Group) on investing in creativity
Jaddan Comerford, CEO of Unified Music Group, shares his journey in the music industry, from starting a punk record label at 17 to building a multifaceted music company. He discusses the importance of collaboration, hiring for culture fit, and overcoming challenges. Comerford also shares insights on community-based investing and launching Side Stage platform for early-stage companies.
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May 12, 2022 • 59min
Ep162 – Dan Peters (Managing Director – Clearco) on partnerships, benchmarks and data driven capital
The Startup Playbook PodcastInsights and lessons from the world's best entrepreneurs and investors
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YouTube
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Ep162 – Dan Peters (Managing Director – Clearco) on partnerships, benchmarks and data driven capital
May 12, 2022
rohitbhargava
Podcast
My guest for Ep162 of The Startup Playbook Podcast was Dan Peters, the Managing Director of Clearco Australia.
Clearco is the world’s largest Ecommerce investor. They provide revenue based financing options to Ecommerce businesses with their data driven approach to investment decisions providing capital to 8x as many female founders as traditional venture capital funds and 25x as many POC.
In this episode, Dan and I talk about Clearco’s investment approach in market as well as some of his insights as a 2x founder, initially in the early 2000’s with Cleardocs, a company he sold to Reuters, and most recently as a Co-founder of Limepay which started during the pandemic.
Specifically we discuss:
Lessons from Dan’s career as a founder and as an early Google Australia team memberHow startups can negotiate, execute and leverage effective partnerships to scaleThe importance of knowing your metrics and benchmarking against the marketHow to build high performing teamsThe key ingredients Clearco looks for when making investment decisions& much more!
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Timestamps
3:15: Dan’s background5:24: lessons from early days at Google8:28: how to navigate and negotiate for effective partnerships11:45: How to gauge interest and make partnerships effective once active15:14: Dan’s experience as a founder27:58: Whether the constraints in the funding environment in early 00s was a benefit or a hindrance30:12: What is clearCO?34:51: How ClearCo makes investment decisions38:10: Key metrics ClearCo looks for40:45: How ClearCo helps companies that aren’t performing to benchmark performances44:42: How to build high performing teams50:46: Effective hiring processes from his time at Google
Our partners
A big thank you to our partners for this episode.
Lawpath
Lawpath’s Legal Advice Plan gives you access to lawyers on demand for one low monthly fee. Create legal documents, sign online and have a lawyer on-call to help you through any legal need for a fraction of the cost. Lawpath has helped Australian businesses save over $100 million in legal fees, and are offering Startup Playbook listeners up to 20% off their most popular legal plans. Visit lawpath.com/playbook for your exclusive discount and discover an easier way to get your legals sorted.
Scendar
We’re Scendar, an accounting and advisory practice better described as Finance as a Service (FaaS). We’re focused on founders, funders and startups. Clients that are ever-changing and adapting. We like fast movers. And as you might have guessed, we’re not your basic accountancy. We can take care of tax and the books whilst building a syndicate fund and a multimillion dollar exit strategy. At Scendar, we’re empowered by our client’s potential. Find out more at Scendar.com
Dovetail Studios
Dovetail Studios operates a venture studio and VC to transform ambitious ideas into unstoppable businesses. On top of being a renowned product development partner for startups like Afterpay, they also operate a VC fund to invest in early-stage companies that go through their venture studio program. So if you’re a non-technical, early-stage founder looking for a talented team to help supercharge your success, check out dovetailstudios.com
Links Mentioned
Dan’s Links
Dan’s LinkedIn
People mentioned
Michelle RomanowJames Chin Moody
Companies mentioned:
ClearcoLimepayThe untold story of Google MapsSoftbankAfterpay
Previous Episodes Mentioned
Ep129 – James Chin Moody (Co-founder & CEO of Sendle) on systems, reputation and hell yeahs!
Feedback/connect/say hello:
Rohit@startupplaybook.co@RohitBhargava7 (Twitter)/rohbhargava (LinkedIn)@rohit_bhargava (Instagram)My Youtube Channel
Credits:
Music: Paycheck
Other channels:
Don’t have iTunes? The podcast is also available on Spotify, Soundcloud & Stitcher Audio Player.
Find all links to the podcast here.
https://traffic.libsyn.com/secure/startupplaybook/Ep162_-_Dan_Peters_Managing_Director_-_Clearco_on_partnerships_benchmarking_and_data_driven_capital.mp3Podcast: Play in new window | Download | EmbedSubscribe: RSS
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May 5, 2022 • 1h 9min
Ep161 – Steve Baxter (Partner – TEN13 VC) on capability, competitors & investing
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Ep161 – Steve Baxter (Partner – TEN13 VC) on capability, competitors & investing
May 5, 2022
rohitbhargava
Podcast
My guest for Ep161 of The Startup Playbook Podcast was the Partner at TEN13 VC, Steve Baxter.
Steve is best known for his role on TV as a “Shark” on Australia’s Shark Tank, but prior to this he had a highly successful career as an entrepreneur.
In this episode we cover his journey and lessons from his early career including him how he left high school at 15 to join the army, launch SE Net as a 24 year old in a highly competitive environment before selling the company to OzEmail in the year 2000 and much more!
We also dive deep into Steve’s main role as a Partner at TEN13 VC and discuss his investment approach and philosophy and the process behind it!
Timestamps
3:28: An introduction to Steve’s background as an entrepreneur6:26: how his time in the army shaped how he invests/builds businesses9:34: launching SE Net in 1994 in an extremely competitive environment17:45: How Steve kept internal morale high as well funded competitors kept launching in market19:15: Why Steve decided to sell SE Net in 200021:47 A look at the 18 month process from when Steve decided to sell the company to the acquisition taking place27:06 What made Steve take a cash deal rather than stock options (as was most common at the time)29:23: What can early stage founders do to demonstrate their capabilities to investors32:03: How Ten13’s “aligned investment syndicate” structure works 38:08: What does the invstment/due diligence process look like for Ten13. Ten13’s investment pipeline42:30: What stood out to Steve in founders of Clipchamp, Go1 and Carted that led to investments from Ten1346:12: When should founders reach out to investors52:03: Why Steve started River City Labs53:42: Importance of startup catalyst program and exposure to the environment and culture in SF59:31 Audience Q&A: Does Steve make exception in his investment thesis for outliers1:00:35: Audience Q&A: Has Steve invested in crypto?1:03:42: Audience Q&A: Is the meta verse built purely on hype?
Our partners
A big thank you to Pauline Fetaui and the team at RCL for hosting our event as well as our podcast partners for this episode.
Lawpath
Lawpath’s Legal Advice Plan gives you access to lawyers on demand for one low monthly fee. Create legal documents, sign online and have a lawyer on-call to help you through any legal need for a fraction of the cost. Lawpath has helped Australian businesses save over $100 million in legal fees, and are offering Startup Playbook listeners up to 20% off their most popular legal plans. Visit lawpath.com/playbook for your exclusive discount and discover an easier way to get your legals sorted.
Scendar
We’re Scendar, an accounting and advisory practice better described as Finance as a Service (FaaS). We’re focused on founders, funders and startups. Clients that are ever-changing and adapting. We like fast movers. And as you might have guessed, we’re not your basic accountancy. We can take care of tax and the books whilst building a syndicate fund and a multimilliondollar exit strategy. At Scendar, we’re empowered by our client’s potential. Find out more at Scendar.com
Dovetail Studios
Dovetail Studios operates a venture studio and VC to transform ambitious ideas into unstoppable businesses. On top of being a renowned product development partner for startups like Afterpay, they also operate a VC fund to invest in early-stage companies that go through their venture studio program. So if you’re a non-technical, early-stage founder looking for a talented team to help supercharge your success, check out dovetailstudios.com
Links Mentioned
Steve’s Links
TEN13 VC LinkedInTEN 13 VC WebsiteSteve Baxter (Twitter)
People Mentioned
Phil BrittStew GlynnHolly CardewPauline FetauiPeta EllisColin KinnerPeter LaurieAaron Birkby
Companies Mentioned
SE NetPipe NetworksFishburnersTank stream labsOzEmailAussie BroadbandClipchampGo1PixcCartedRiver City Labs
Previous Episodes Mentioned
Ep128 – Holly Cardew on TikTok, vision and channel partnerships
Feedback/connect/say hello:
Rohit@startupplaybook.co@RohitBhargava7 (Twitter)/rohbhargava (LinkedIn)@rohit_bhargava (Instagram)My Youtube Channel
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