Victoria Treyger, General Partner at Felicis Ventures, reflects on her past operational leadership running go-to-market at fintech startup Kabbage.
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“And together we grew the company from its very beginning in 2012. It was just about four or five million into the hundreds of millions of dollars at the end of last year.”
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More from Victoria Treyger
Opinion
VCs should act as personal friends supporting founders' whole lives
“In today's world, the reality is that your business and your personal lives blend completely into just one person, and so I do think that In your role as investor slash advisor, you are a friend to the founder, and your job is to support the entire person with…”
Victoria TreygerMar 11, 2019▶ 9:5420VC: What It Takes To Be The Most Effective Coach To Startup Founders, The Biggest Surprises and Challenges About Transitioning To Venture From Operations & 3 Trends Shaking The World of Consumer Today with Victoria Treyger, General Partner @ Felicis Ven
Insight
Startup board meetings should be capped at three to four hours
“I think that you want to limit the board meeting time itself Not the committee meetings, but the board to three to four hours. After that, I have not found the board meetings to be productive.”
Victoria TreygerMar 11, 2019▶ 14:5120VC: What It Takes To Be The Most Effective Coach To Startup Founders, The Biggest Surprises and Challenges About Transitioning To Venture From Operations & 3 Trends Shaking The World of Consumer Today with Victoria Treyger, General Partner @ Felicis Ven
Insight
Board meetings should focus on strategy, not performance metric updates
“The board meetings should not be used for performance dashboards. It is your role as a board member to work with the founders in advance to set up the metrics in dashboards that you want to track.”
Victoria TreygerMar 11, 2019▶ 15:0620VC: What It Takes To Be The Most Effective Coach To Startup Founders, The Biggest Surprises and Challenges About Transitioning To Venture From Operations & 3 Trends Shaking The World of Consumer Today with Victoria Treyger, General Partner @ Felicis Ven
Insight
Series B is the optimal stage to add independent board members
“B is the right stage, I have found, to bring in independent board members that have significant experience scaling, driving growth, and potentially key functional expertise in some of the areas that you want to build out, such as sales, partnership, risk, mark…”
Victoria TreygerMar 11, 2019▶ 17:1220VC: What It Takes To Be The Most Effective Coach To Startup Founders, The Biggest Surprises and Challenges About Transitioning To Venture From Operations & 3 Trends Shaking The World of Consumer Today with Victoria Treyger, General Partner @ Felicis Ven
AssertionContradicted
Independent bookstores grew 10% annually for five consecutive years
“For the last five years, independent bookstores have been growing by about 10% year over year”
Victoria TreygerMar 11, 2019▶ 24:0720VC: What It Takes To Be The Most Effective Coach To Startup Founders, The Biggest Surprises and Challenges About Transitioning To Venture From Operations & 3 Trends Shaking The World of Consumer Today with Victoria Treyger, General Partner @ Felicis Ven
Disclosure
Felicis Ventures pledges 1% of committed capital to founder mental health
“To address this, Felicis launched something called the Founders Pledge, Founders Development Pledge, where we contribute one percent of our committed capital toward leadership coaching and mental health for the founding team.”
Victoria TreygerMar 11, 2019▶ 33:2320VC: What It Takes To Be The Most Effective Coach To Startup Founders, The Biggest Surprises and Challenges About Transitioning To Venture From Operations & 3 Trends Shaking The World of Consumer Today with Victoria Treyger, General Partner @ Felicis Ven
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