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George Zachary

18 statements across 2 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Oct 12, 2020 by George Zachary · said 6 times in 3 episodes since 2015 · across every show →

On the record as a speaker too: George Zachary's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Jason Calacanis (3), Jonathan Abrams (2), David Sacks (1)

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011201520162017201820192020episodes it came up in
001.50.531201520162017201820192020episodesmentions per episode
2020 1 mention in 1 episode
2016 2 mentions in 1 episode
2015 3 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about George Zachary, oldest first

Oct 12, 2020 positive
Insight
Great founders have a psychological need to build large companies
“And that's one of my key criteria with founders is does this person need to create a big company? Not just want, but need to, which will create a persistence that follows through their entire life almost to build and create companies.”
George Zachary Oct 12, 2020 ▶ 17:44 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Assertion Not checkable as stated
Seed rounds in 2000 were $300,000 and required a working prototype
“When I was in the business 20 years ago, a seed deal was 300,000 dollars. And a C deal meant that there's actually a deck with probably a prototype, what people might call a Series A today.”
George Zachary Oct 12, 2020 ▶ 7:31 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Insight
Venture board members should operate 'nose in, hands out'
“They told me a simple phrase, nose in, hands out. So pay attention to what's going on in the business, but don't get involved in the company and screw it up unless the founder wants you to get involved.”
George Zachary Oct 12, 2020 ▶ 32:25 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020 bullish
Disclosure
Zachary wrote a $5 million check to Udacity without a business plan
“And after that, I basically gave him a check for five million dollars within an hour of him presenting at our firm with basically no business plan.”
George Zachary Oct 12, 2020 ▶ 31:32 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Disclosure
Zachary initially rejected VC offer thinking it was about country clubs
“Sooner or later, that led up to the year 1995 when someone asked me if I wanted to be in the venture business and I had no idea what that meant. And I kind of thought it was about country clubs and playing tennis. And I initially turned down what the job was b…”
George Zachary Oct 12, 2020 ▶ 3:44 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Disclosure
Zachary deployed only $240 million across his first 23 years in VC
“Up until that point in my career in roughly 23, 22 years, I had invested about two hundred forty million dollars, so I've never been a person just to write a ton of checks and throw darts at a wall and see what happens.”
George Zachary Oct 12, 2020 ▶ 21:07 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Assertion Not checkable as stated
Only five of 50 venture capitalists from the 1995 cohort survived
“In 1995, 96, when I got in, there were about 50 people that entered into venture. And as of several years ago, there were about five of us left. Most of the people were exited out of the business in the first four or five years.”
George Zachary Oct 12, 2020 ▶ 23:51 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Insight
A venture board member's only true control is hiring and firing CEOs
“There's really only two control points you can do, which is hire and fire the CEO. Everything else you have influence over, but that's the only real control points that you have.”
George Zachary Oct 12, 2020 ▶ 32:50 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020 negative
Assertion Not checkable as stated
VC and LP incentives diverged in the 1990s due to management fees
“And a lot of this thinking started when the fund sizes started to become large and people started living off of the management fees. So the incentives started to diverge from the limited partners incentives, and people started thinking of it as an investing bu…”
George Zachary Oct 12, 2020 ▶ 13:00 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020 neutral
Insight
Childhood instability drives the best founders to master chaos
“And I do believe that parental instability or home instability leads to a situation where the smartest and most interesting founders who are strong enough, I would add, sooner or later learn how to master chaos because they had to survive in it.”
George Zachary Oct 12, 2020 ▶ 19:03 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020 bullish
Disclosure
Zachary agreed to a $30 million PillPack check after four days
“On day one that I've met him by day four, I was shaking hands with him on a thirty million dollar check.”
George Zachary Oct 12, 2020 ▶ 22:16 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Disclosure
Zachary has only one or two friends in Silicon Valley venture capital
“In the venture business here in Silicon Valley, I would say maybe one or two, but a lot of people in the venture business hang out with one another for this exact reason, as well as deal flow, et cetera.”
George Zachary Oct 12, 2020 ▶ 41:38 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020
Insight
Wealthy individuals socialize within their economic bracket to avoid financial motives
“I just started hanging out with people in approximately the same economic zone because I knew they had no interest in wanting to get any money like zero. I think that's why a lot of times people in the same socioeconomic zone end up hanging out with one anothe…”
George Zachary Oct 12, 2020 ▶ 41:19 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020 neutral
Insight
Exceptional founders succeed through intense willpower rather than superficial charisma
“Most of the great founders that I've met, they will listen to the data and act differently. And they will also listen to you, but they'll take your input into account, but they're not going to necessarily do what you want. And I haven't found them to be partic…”
George Zachary Oct 12, 2020 ▶ 11:14 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020 positive
Insight
Developing new venture capital partners requires a harsh sink-or-swim environment
“A lot of the growing, I think, has to be sink or swim. That's my opinion. And the sink or swim sounds a bit harsh, but that's how I survived in the business.”
George Zachary Oct 12, 2020 ▶ 36:21 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 12, 2020 positive
Insight
VCs should back founders who want capital but reject investor coaching
“You want to go after the founders who just want you out of their way. They don't want help. They don't want coaching. They basically want the money and they just want you out of the way.”
George Zachary Oct 12, 2020 ▶ 10:45 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
Oct 28, 2022
Disclosure
Zachary: I only have one friend in Silicon Valley venture capital
“I don't have many friends that I hang out with in the venture business here in Silicon Valley. I would say maybe one.”
George Zachary Oct 28, 2022 ▶ 22:27 20VC: Chris Sacca, Chamath Palihapitiya, Gary Vee, Brad Gerstner and more on Their Relationship To Money, How It Has Changed with Time and Wealth, How They Bring Up Their Children To Engender the Same Values of Ambition and Hard Work?
Oct 28, 2022
Insight
Zachary: Wealthy people cluster socially to avoid friends with financial motives
“I just started hanging out with people in approximately the same economic zone because I knew they had no interest in wanting to get any money. I think that's why a lot of times people in the same Socioeconomic zone end up hanging out with one another.”
George Zachary Oct 28, 2022 ▶ 22:12 20VC: Chris Sacca, Chamath Palihapitiya, Gary Vee, Brad Gerstner and more on Their Relationship To Money, How It Has Changed with Time and Wealth, How They Bring Up Their Children To Engender the Same Values of Ambition and Hard Work?
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