Archive for the ‘Podcast Episodes’ Category

134. The Importance of Storytelling, VC EQ, and the LP-GP Dating Game, Part 2 (James R. ‘Trey’ Hart III)

Download_v2Nick Moran Angel List

Today we cover Part 2 of the GP-LP relationship with Trey Hart of Northern Trust. In this segment we address:

  • GP LP Relationship with Trey HartKey mistakes that GPs make
  • The key characteristics that successful GP’s share
  • The importance of an ownership focus
  • What winning really looks like for GPs, in terms of metrics (ie. DPI, TVPI, IRR, cash on cash, bulge bracket follow on, etc)
  • Trey’s final thoughts on the GP-LP relationship and who he’d like us to have on the program

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133. The Importance of Storytelling, VC EQ, and the LP-GP Dating Game, Part 1 (James R. ‘Trey’ Hart III)

Download_v2Nick Moran Angel List

SVP of 50 South Capital at Northern Trust, Trey Hart, joins Nick for a deep dive on the relationship between LPs and GPs. In Part 1, we will address questions including:

  • Trey’s path to becoming an LP
  • His thoughts on being a GP
  • The types of GPs and categories they fall into
  • The importance of storytelling
  • Herd mentality in the LP community
  • If he’ll consider first-time fund managers
  • Thoughts on if LPs are looking for GP’s w/ an EDGE

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132. Nick Moran is Interviewed on Bootstrapping in America

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TastyTrade was kind enough to invite Nick on their program, Bootstrapping in America.  In this episode the interview audio will be available on the podcast and the video is here on the blog.  Hosts Kristi  Ross and Tony Batista interview Nick about the Podcast, the investment group and what types of startups he invests in.

 

  • What are your thoughts on the state of the overall venture market?
  • Why do you invest at the early stage?
  • Is early stage investing about return opportunity and volume of investments?
  • How long have you been doing the podcast and what topics are you covering?
  • What questions do you focus on for the podcast?
  • What’s the demographic of investors in your syndicate?
  • You had background in M&A.  It seems like you’d be able to apply that to your investing now.  What are the most notable experiences or skills you gained while doing M&A
  • How many companies are you invested in?
  • How do you pick your favorite investments?
  • Can you talk about examples of your investments and how that fits with your investment focus?
  • Why do you require startups that have a business model with an annuity?
  • Are you going back to your experience building and launching a product and investing in similar types of products?
  • Can you talk more about why the generalists are going away and what types of VCs are positioned for success?

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131. How Amazon, Fitbit & Snap Won; Where Apple, Pebble & Google Did Not, Part 2 (Ben Einstein)

Download_v2Nick Moran Angel List

Today we cover Part 2 of hardware products that have succeeded where others failed with Ben Einstein of Bolt. In this segment we address:

  • You’ve discussed Pebble’s inability to ‘cross the chasm’ and access the early & late majority, while Fitbit was able to. What were the key reasons why Fitbit succeeded where Pebble did not?
  • What are your thoughts on using hardware as a Trojan Horse?
  • Do you think these lessons are exclusive to hardware startups or do they apply to software as well?
  • You’ve been attending CES for 10 years now and seen the evolution of Eureka Park as well as the show at large… what are some of the key observations over that period?
  • Any other thoughts or advice you’d give to founders starting a hardware, IoT or connected device startup?

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130. How Amazon, Fitbit & Snap Won; Where Apple, Pebble & Google Did Not, Part 1 (Ben Einstein)

Download_v2Nick Moran Angel List

Ben Einstein of Bolt joins Nick to cover Hardware products that have succeeded where others failed, Part 1. We will address questions including:

  • To start off, can you talk about your thesis and approach toward investing in hardware?
  • What are your thoughts on hardware startups designing for one use case vs. building a platform?
  • You’ve cited the example of Google Glass vs. Snap Spectacles. Can you highlight the key difference in the approach for each of these products?
  • What two things has Snap done well w/ Spectacles that hardware startups can learn from?
  • Another example you highlight, re. broad vs. narrow scope, is Apple Siri vs. Amazon Alexa… what are the key differences you’ve noticed in these two approaches?
  • What are the key things that founders should take away from Amazon’s approach
  • Design iteration is easy in SaaS, not in Hardware. How do you advise hardware startups w/ regard to iterating and design improvements.
  • What’s your opinion of Kickstarter/Indiegogo as a way to validate customer demand?
  • Rather than a $1M in sales on a crowdfunding site, what validation would you like to see from hardware founders?

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129. Cram Session, Episodes 73-78 (Nick Moran)

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Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

 


128. Sector & Niche Focused Funds, p2 and Driving Value with a Regulatory Focus (Jordan Nof)

Download_v2Nick Moran Angel List

Today we cover Part 2 of Sector & Niche Focused Funds with Jordan Nof of Tusk Ventures. In this segment we address:

  • Given the current regulatory environment, are there specific verticals that you find particularly compelling?
  • Do you expect more micro VCs, niche and sector focused funds to launch in the coming years?
  • Tell us more about the various ways that you specialize at Tusk.
  • When is the right time to start interacting with regulators?
  • What are your thoughts on working with regulators at the federal vs. the local levels?
  • Do you have any advice for founders and/or investors re. today’s topic?

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127. Sector & Niche Focused Funds, Part 1 (Jordan Nof)

Download_v2Nick Moran Angel List

Jordan Nof, head of investments at Tusk Ventures, joins Nick to cover Sector & Niche Focused Funds, Part 1. We will address questions including:

  • Jordan Nof Sector Niche Regulatory Focused FundsToday we are talking about Sector/Niche Focused Funds. First off, at a high level, what categories and in what ways have you seen funds specialize?
  • What are your thoughts on thesis, thematic and horizontal driven focuses vs. sector, geo or other vertical focuses? 
  • Do you think specialization is a new trend or one that’s always existed?
  • I’m in an area with a lot of generalists. Why do think we are seeing the emergence of so many specialized investors?
  • What are the benefits of niche/sector focused funds?
  • What are the drawbacks?
  • Is it more appropriate to specialize at early or later stages… or is stage irrelevant?

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126. Cram Session, Episodes 67-72 (Nick Moran)

Download_v2Nick Moran Angel List

Welcome back to TFR for another Cram Session. In these special releases, we have aggregated the takeaways and tips from previous episodes. In this installment, we will be recapping the following episodes:

 


125. Space Tech Investing, Part 2 (David Cowan)

Download_v2Nick Moran Angel List

Today we cover Part 2 of Space Tech Investing with David Cowan of Bessemer Venture Partners. In this segment we address:

  • Why is SpaceX moving the industry forward in the wrong direction?
  • I recently read a Fortune article titled ‘VCs Invested More in Space Startups Last Year Than in the Previous 15 Years Combined.’ An excerpt from the article states “50 venture capital firms invested in space companies in 2015, signaling that venture capital has warmed to a space industry it has long considered both too risky and too slow to yield returns.” David, Why do you think now is the right time to be investing in space?
  • The amount of data that can be collected and analyzed now via satellites is an order-of-magnitude greater than it was only a short time ago. How do you think about the data opportunity and what role does data play in driving space tech forward?
  • When you look forward to the next 10-20 years, what are your thoughts/predictions on how space tech will evolve and impact society?

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Listener Feedback

Pete Maglio

The takeaways to end this episode are fantastic! Thanks @TheFullRatchet & @BenEinstein! pca.st/Fey4 #smartHardware #startups