Phin Barnes

27 statements across 4 episodes · 8 bullish · 10 bearish · 2 people on the record · first statement Oct 15, 2018 by Phin Barnes · said 32 times in 7 episodes since 2017 · across every show →

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

Mentions by year

brought up most by Harry Stebbings (22), Josh Kopelman (5), Anjney Midha (4), Leo Polovets (1)

tap a year for its mentions
00132253201720182019episodesmentions
023201720182019episodes it came up in
0041.583201720182019episodesmentions per episode
2019 24 mentions in 3 episodes 8 per episode
2018 5 mentions in 3 episodes 2 per episode
2017 3 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Phin Barnes, oldest first

Oct 15, 2018 negative
Insight
Phin Barnes: VC Pattern Recognition Is Just Intellectual Laziness
“I think pattern recognition is another name for intellectual laziness, right?”
Phin Barnes Oct 15, 2018 ▶ 13:19 20VC: First Round's Phin Barnes on How The Best Founders Optimize for Learning Per Dollar Spent, What Makes A Truly Special Founder/VC Relationship and Why Pattern Recognition is Another Term For Intellectual Laziness
Oct 15, 2018 negative
Insight
Phin Barnes: Durable Enterprises Cannot Outsource Their Moat to Capital Markets
“I think that I cannot think of a company that has a durable enterprise where they've outsourced their moat to a third party, right?”
Phin Barnes Oct 15, 2018 ▶ 22:42 20VC: First Round's Phin Barnes on How The Best Founders Optimize for Learning Per Dollar Spent, What Makes A Truly Special Founder/VC Relationship and Why Pattern Recognition is Another Term For Intellectual Laziness
Oct 15, 2018 negative
Assertion Not checkable as stated
Phin Barnes: Capital Abundance Decreases Founders' Learning Per Dollar Spent
“And I think that over time, what we're seeing in this market anyway, is that people are decreasing that ratio of learning per dollar spent because capital is so plentiful.”
Phin Barnes Oct 15, 2018 ▶ 22:07 20VC: First Round's Phin Barnes on How The Best Founders Optimize for Learning Per Dollar Spent, What Makes A Truly Special Founder/VC Relationship and Why Pattern Recognition is Another Term For Intellectual Laziness
Oct 15, 2018 bullish
Prediction Open · timeframe Oct 2028
Phin Barnes: Most Top Venture Outcomes Next Decade Will Have Diverse Founders
“For me, when I think about the next 10 years and the five to seven massive venture outcomes, right, so these are the Facebooks, the Ubers, the Airbnbs of the venture industry, my belief is that of those five to seven, somewhere between four and seven of them a…”
Phin Barnes Oct 15, 2018 ▶ 31:36 20VC: First Round's Phin Barnes on How The Best Founders Optimize for Learning Per Dollar Spent, What Makes A Truly Special Founder/VC Relationship and Why Pattern Recognition is Another Term For Intellectual Laziness
Oct 15, 2018 negative
Opinion
Phin Barnes: Founders Raise Money When Available Instead of When Needed
“And I think that the founders today are getting caught in a trap around raising money when they can rather than when they should.”
Phin Barnes Oct 15, 2018 ▶ 22:23 20VC: First Round's Phin Barnes on How The Best Founders Optimize for Learning Per Dollar Spent, What Makes A Truly Special Founder/VC Relationship and Why Pattern Recognition is Another Term For Intellectual Laziness
Oct 15, 2018 positive
Insight
Phin Barnes: First Round Operates on the Sell Side of Venture
“I believe that we at first round are on the sell side of the equation, not the buy side. And so we build a product that founders decide whether they want to buy with their equity. And we set a price for that product and that price needs to be in line with the …”
Phin Barnes Oct 15, 2018 ▶ 18:24 20VC: First Round's Phin Barnes on How The Best Founders Optimize for Learning Per Dollar Spent, What Makes A Truly Special Founder/VC Relationship and Why Pattern Recognition is Another Term For Intellectual Laziness
Nov 12, 2018 positive
Disclosure
Polovets uses post-meeting surveys to gather founder feedback on pitch meetings
“I actually got this idea from Finn at first round where he started sending a survey to founders he met with to basically ask them what they thought of the meeting. So I've been doing that for the last year or two, and it's a really short survey.”
Leo Polovets Nov 12, 2018 ▶ 20:56 20VC: Why Warm Intros Are Mostly Dumb, Why Ownership is Built On First Check and 4 Crucial Elements To Make Cold Inbound Attractive with Leo Polovets, General Partner @ Susa Ventures
Feb 4, 2020 negative
Opinion
Phin Barnes: Saying startup ideas don't matter drives me crazy
“I think recently when I hear people say ideas don't matter, it just drives me crazy. Like the idea is the most valuable thing you have when you start, and the best ones are the result of a tremendous amount of work and effort, experience, insight. They're uniq…”
Phin Barnes Feb 4, 2020 ▶ 34:30 Breaking News: Meet First Round Capital's Newest Partner, How To Approach Generational Transition as a Venture Firm & The Dangers of Attribution In Venture
Feb 4, 2020
Insight
First-year VC partner success is measured by influencing the partnership
“It's a hard question, because of course, it's a long-term game, and given we form our partnerships with founders at the earliest stages, a new partner, you certainly won't be able to measure returns for some time. So for me, it's really about being able to mov…”
Phin Barnes Feb 4, 2020 ▶ 32:51 Breaking News: Meet First Round Capital's Newest Partner, How To Approach Generational Transition as a Venture Firm & The Dangers of Attribution In Venture
Feb 4, 2020
Insight
New hires in learning mode miss early opportunities for impact
“So I think there can be a bias when you join a team, and especially it's exacerbated when you join a small, close-knit team, frankly, in a role that you've never held before. And the bias is to shift into a hundred percent learning mode. And when you do that, …”
Phin Barnes Feb 4, 2020 ▶ 7:23 Breaking News: Meet First Round Capital's Newest Partner, How To Approach Generational Transition as a Venture Firm & The Dangers of Attribution In Venture
Feb 4, 2020 positive
Disclosure
First Round Capital does not use deal attribution or partner portfolios
“We don't have an attribution model, and so when we make an investment, it's a first-round company. I don't have my portfolio, and over time, Todd won't have his, and so on.”
Phin Barnes Feb 4, 2020 ▶ 28:04 Breaking News: Meet First Round Capital's Newest Partner, How To Approach Generational Transition as a Venture Firm & The Dangers of Attribution In Venture
Oct 2, 2023 neutral
Prediction Held up
Barnes: TheGP Will Intentionally Limit Fund and Portfolio Scaling
“Our goal is not to scale. Our goal is to maximize quality of service delivery and impact on a smaller number of super high quality companies.”
Phin Barnes Oct 2, 2023 ▶ 27:13 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 negative
Assertion Not checkable as stated
Barnes: AND1's Expansion Into Lifestyle and Running Shoes Eroded Core Brand
“So at and one, we would talk about running shoes, trainers. We would talk about lifestyle shoes and clothing, kids licenses and so forth. And the focus on those things eroded the quality of the brand we had built in, in basketball and the core understanding of…”
Phin Barnes Oct 2, 2023 ▶ 13:16 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 negative
Insight
Barnes: Professionals Should Seek Work-Life Integration Over Work-Life Balance
“Work-life balance, I think is not the right model. Like, I think you want a life that you're proud of. I think you want work that you're proud of that weaves into your dinner conversations with your family”
Phin Barnes Oct 2, 2023 ▶ 5:14 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023
Insight
Barnes: Applying Rules Across Startups Distorts Investor Vision
“Anytime you talk to anyone about an investment, anytime you apply a rule that is not, you know, is from one company to another, you're distorting your vision and you just have to decide, is that corrective or is it blurring?”
Phin Barnes Oct 2, 2023 ▶ 53:14 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023
Insight
Barnes: A Founder's Expression of Priorities Is the Primary Investment Signal
“I think I've come to believe that your priorities and the way you express those priorities and explain them is probably the most important thing to understand when you think about partnering with a founder.”
Phin Barnes Oct 2, 2023 ▶ 8:49 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023
Insight
Barnes: Great Founders Balance Long-Term Ambition With Focus on Act One
“The key thing is in both cases, the founders know there's more, they know they want more than the core thing they're doing. And they also have a deep appreciation for getting the first act right.”
Phin Barnes Oct 2, 2023 ▶ 47:48 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023
Insight
Barnes: Junior VCs Should Focus on Daily Excellence Over Partner Targets
“Don't Set yourself a goal of, you know, being a partner in five years, because you probably have very little control over that, but be very intentional about the day-to-day work that you're doing and making sure that that is both excellent in terms of quality …”
Phin Barnes Oct 2, 2023 ▶ 6:55 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 bullish
Insight
Barnes: Analyzing Initial Market Size Causes Investors to Miss Market-Expanding Founders
“When you get stuck thinking through that and working through the hundred reasons why owning the black car market isn't worth it, then you miss That Travis would figure out UberX.”
Phin Barnes Oct 2, 2023 ▶ 44:18 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 positive
Disclosure
Barnes: TheGP Earns Equity for Operator Services Instead of Fee Funding
“And we can do that because our business model means that, that, that work is a revenue center for the firm rather than a cost center, because we are in equity for doing that work.”
Phin Barnes Oct 2, 2023 ▶ 26:36 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023
Disclosure
Barnes: My Biggest Founder Evaluation Mistake Was Ignoring Key Weaknesses
“And I think that my mistakes with founders have been missing the consequences of a weakness and see, and being overwhelmed with the strength of a spike. They won't even be able to apply that spike because They lack something else that will mitigate that, that …”
Phin Barnes Oct 2, 2023 ▶ 49:13 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 negative
Opinion
Barnes: Scaling in Venture Capital Has Eroded the Industry's Product
“I mean, I think there's been this push to scale and I think it's eroded the product of venture. Broadly.”
Phin Barnes Oct 2, 2023 ▶ 1:11:18 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 negative
Insight
Barnes: Capital Efficiency Matters Far More Than Theoretical TAM for Early VCs
“I think for early stage investors, It matters much less that there's a billion dollar opportunity in a market. There's a TAM that, you know, you can back your way into that suggests that there's, you know, tens of billions to be captured and you can rationaliz…”
Phin Barnes Oct 2, 2023 ▶ 42:29 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 positive
Disclosure
Barnes: Warby Parker Succeeded on Supply Chain and D2C, Not Design
“The first time we met Warby Parker, Those guys didn't have design sense. You know, Dave dresses pretty well now, but he didn't then. And like, there was no like style person on that team, but the truth is that the glasses had to look good, but that wasn't the …”
Phin Barnes Oct 2, 2023 ▶ 54:01 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023
Insight
Barnes: Founder Value Creation Is a Multiplication Problem, Not Addition
“And I think in that case, the quality of that founder, the value they will create is a multiplication problem, not an addition problem. And so if you have a zero anywhere in a multiplication problem, the value is zero.”
Phin Barnes Oct 2, 2023 ▶ 49:01 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 positive
Insight
Barnes: Greatest Career Opportunities Come From Leaving Your Best Job
“You find your greatest opportunities when you leave the best job you ever had.”
Phin Barnes Oct 2, 2023 ▶ 0:42 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Oct 2, 2023 negative
Insight
Barnes: Traditional VC Fee and Carry Model Fails for Platform Services
“Then the fee and carry model doesn't work because those services show up as a cost center on the statement, the cash flow statement of the VC firm itself.”
Phin Barnes Oct 2, 2023 ▶ 20:16 Phin Barnes: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help | E1067 · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.