first-time founder

also referred to as: first time founder · first time founders · first-time founders

21 statements across 20 episodes · 6 bullish · 4 bearish · 20 people on the record · first statement Jul 31, 2015 by Matt Williams · across every show →

Everything said about first-time founder, oldest first

Jul 31, 2015
Insight
Matt Williams: First-time founders should bootstrap until achieving clear product-market fit
“So if it is a if it's a relatively new founding team that's never founded another company my advice is quite simple, which is to bootstrap as long as you can until you see some very clear traction, some very clear product market fit For the offering that you h…”
Matt Williams Jul 31, 2015 ▶ 8:49 FF 006: Acquired by Amazon, CEO @ Digg, EIR @ a16z and now Founder @ Pro.com with Matt Williams
Jun 6, 2016 negative
Insight
VCs wrongly expect first-time founders to be market-ready immediately
“I don't think anyone's market ready from the get go. I think it's a flawed assumption with VCs where they try to imagine that, that these first time founders or any founders are going to just figure it all out.”
Bijan Sabet Jun 6, 2016 ▶ 13:21 20VC: Spark's Bijan Sabet on Investing in Twitter, Tumblr and Foursquare & Why First Time Founders Are So Exciting
Jul 29, 2016 negative
Opinion
Most first-time founders hide operational and financial problems from employees
“I think most founders, or many founders, especially first-time founders, frequently try to hide problems the company is going through, you know.”
Amir Elguizy Jul 29, 2016 ▶ 17:43 20VC: Why People Should Never Be Surprised If Fired, Subscription E-Commerce Is Hot & People Never Give True and Direct Feedback with Amir Elaguizy, Co-Founder @ Cratejoy
Dec 17, 2018 negative
Opinion
First-time founders cannot execute Jet.com's hyper-capital-intensive playbook
“I don't think that, you know, a first time founder is going to be able to pull something like that off”
Ted Wang Dec 17, 2018 ▶ 10:35 20VC: A Framework For Approaching Risk and How It Affects Portfolio Construction | Lessons and Advice From Working with Dropbox's Drew Houston | Why Being A Learning Animal Is The Most Important Factor For Success with Ted Wang, Partner @ Cowboy Ventures
Mar 4, 2019
Disclosure
Roughly 80% to 90% of GGV-backed founders are first-timers
“About 80, probably 80% of the folks that we back are first-time founders. It may even be 90%.”
Jeff Richards Mar 4, 2019 ▶ 9:50 20VC: The Transition From Founder To CEO, How To Determine When To Stretch On Price in Venture & The Benefits of Attribution for Partnership Dynamics with Jeff Richards, Managing Partner @ GGV Capital
Nov 29, 2019 positive
Insight
Brown: Founder experience builds critical intuition for high-leverage moments
“What I believe first time founders really struggle with is sifting between, let's say that the half a million minutes that don't matter and the 10 that do in the year, and that 10,000 hours or 20,000 hours of practice of doing it over and over really gives you…”
Jason Brown Nov 29, 2019 ▶ 7:00 20VC: Why Startup Valuations Are Not As Overpriced As You Think, How To Determine Whether An Investor Is Truly Aligned To Your Mission and What 2 Traits Make The Truly Special Board Members with Jason Brown, Founder & CEO @ Tally
Mar 20, 2020
Insight
Handing off product leadership post-PMF is uniquely frightening for first-time founders
“As a first-time founder, especially as you're transitioning from this hunting for product market fit stage to really starting to scale and nurture letting go of product and finding somebody who you feel confident can fill those shoes is incredibly scary as a C…”
Misha Esipov Mar 20, 2020 ▶ 23:38 20VC: How To Assess Risk and Value Creation, Why It Would Be Better If VCs Had Smaller Portfolios & How To Optimise Internal Decision-Making with Misha Esipov, Founder & CEO @ Nova Credit
Nov 6, 2020 positive
Assertion Not checkable as stated
Weinberg: Most giant technology companies were started by first-time founders
“I mean, plenty of giant companies, most of giant companies were started by first time founders.”
Zach Weinberg Nov 6, 2020 ▶ 14:49 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Feb 22, 2023
Insight
Systrom: Second-time founders fire fast while first-time founders struggle
“And if it's not the right fit for whatever reason, you just, you move on it. And I think that's something a second-time founder will do that a first-time founder has a lot of trouble doing.”
Kevin Systrom Feb 22, 2023 ▶ 56:42 Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings
Jul 21, 2023
Insight
First-Time Founders Neglect Firing Underperforming Talent Early Enough
“One of the things you realize about founders is first time founders, they don't realize they have to be great at firing. They just think they have to be great at hiring, but you have to be great at realizing when your talent's not working out and identifying t…”
Jean-Denis Greze Jul 21, 2023 ▶ 10:17 Jean-Denis Greze: CTO of Plaid, the $18B Fintech Startup; How to Hire, Fire & Build Great UX | E1038 · 20VC with Harry Stebbings
Oct 23, 2023 negative
Opinion
Stebbings: I Avoid Investing In First-Time Founders Due To Mistakes
“I really don't like investing in first time founders. I just feel there's so many mistakes that you make when it's your first time.”
Harry Stebbings Oct 23, 2023 ▶ 2:01 Matthieu Rouif: The Story of PhotoRoom, Is This YC’s Most Capital Efficient Company? | E1074 · 20VC with Harry Stebbings
Nov 27, 2023 positive
Opinion
Rabois: First-time founders are on average better than repeat founders
“I think first time founders are actually better on average. Most of the best companies I've invested in are first time founders, not all.”
Keith Rabois Nov 27, 2023 ▶ 44:30 Keith Rabois & Mike Shebat: Creating an Olympian Mindset to Work Ethic| E1087 · 20VC with Harry Stebbings
Dec 8, 2023 positive
Insight
Biswas: VCs Should Not Filter Out First-Time Founders
“There are a lot of first time founders who are phenomenal. Like I think, you know, you think about Jensen from Nvidia, he's been, I think that's his first startup. It's turned out quite good, right? So that's the sort of thing where you'd also don't want to so…”
Sanjit Biswas Dec 8, 2023 ▶ 47:54 Sanjit Biswas: Samsara's $18BN Market Cap & $1BN in ARR in 8 Years | E1092 · 20VC with Harry Stebbings
Jan 10, 2024
Assertion Not checkable as stated
Sim: Third-time founders raise $10M at inception versus $1M for first-timers
“A third time founder is going to raise ten million dollars out of the gate and they may very well deserve it. Whereas a first time founder may get one.”
Ed Sim Jan 10, 2024 ▶ 2:59 Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings
Feb 14, 2024
Insight
Gonto: Strong PMF Startups Wait Too Long to Build Growth Teams
“The biggest mistake that I see is that they start very, very late if the PMF is very strong. I've seen a lot of companies that have a very strong product market fit. And because of that, in the beginning, they just start getting a lot of revenue because big co…”
Martin Gontovnikas (Gonto) Feb 14, 2024 ▶ 1:08:07 Martin Gontovnikas (Gonto): The Biggest Mistakes Startups Make When Scaling into Enterprises | E1115 · 20VC with Harry Stebbings
Mar 6, 2024
Insight
Wagner: First-time founders' biggest mistake is prioritizing expediency over value
“I think choosing expedience over, you know, the hard things that, that actually Contribute to long-term value. You know, there's sort of quick fixes and sort of feel-good measures that can take the edge off whatever is bothering you at a moment in time. But th…”
Peter Wagner Mar 6, 2024 ▶ 58:27 Peter Wagner: 27 Years of Investing Lessons of Picking Founders, Price Discipline & Reserve | E1123 · 20VC with Harry Stebbings
Apr 24, 2024 neutral
Insight
Rujul Zaparde: Naivety lets first-time founders take huge market risks
“I think as a first-time founder, you're actually much more okay, maybe because you don't know any better like me, to take on a lot more market risk, and so you can actually have really large outcomes.”
Rujul Zaparde Apr 24, 2024 ▶ 37:52 Rujul Zaparde: Why Hiring Inexperienced People is Better | E1144 · 20VC with Harry Stebbings
Apr 24, 2024 positive
Opinion
Stebbings: Serial Entrepreneurs Are Better Investments Than First-Time Founders
“I don't like first-time founders like I like serial entrepreneurs, because you've just seen it, you know how to do hiring processes, you know what great looks like, you've avoided, you've seen the mistakes, you've made them.”
Harry Stebbings Apr 24, 2024 ▶ 37:14 Rujul Zaparde: Why Hiring Inexperienced People is Better | E1144 · 20VC with Harry Stebbings
May 8, 2024 neutral
Insight
Hulme: Second-time founders strongly prefer passive investors over value-add ones
“First time founders are looking for investors that add a lot of value. Those that are second time around understand it, bias, and skew wildly towards the passive.”
Tom Hulme May 8, 2024 ▶ 6:14 Tom Hulme: Lessons from a 24x Angel Track Record, 275x on Robinhood & Making Billions on Uber |E1150 · 20VC with Harry Stebbings
May 15, 2024 neutral
Insight
Siroker: First-Time Founders Brag About Headcount; Serial Founders Brag About Lean Teams
“First time founders brag about how many employees they have, second time founders brag about how few employees they have.”
Dan Siroker May 15, 2024 ▶ 7:29 Dan Siroker: Second-Time Founders Are More Investable & Why Not To Hire People Out of College |E1153 · 20VC with Harry Stebbings
Oct 25, 2024 positive
Opinion
Goldberg: First-time founders' hunger outweighs serial founders' experience
“First time founders. I think the ability to think from a clean slate to do foolish, potentially foolish, but on the other side, potentially visionary and transformative things, the hunger and the naivety that you described and a first time founder, I think out…”
Mark Goldberg Oct 25, 2024 ▶ 21:37 Mark Goldberg: Why Politics is Rife & Decision-Making is Broken in Large VCs | E1219 · 20VC with Harry Stebbings
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