Disclosure certainty 5/5 debate potential 2/5

Nozad committed to his largest angel investment, Gusto, in 15 minutes

Pejman Nozad · 20VC: Pejman Nozad: Tech's Most Unlikely VC: From Yoghurt Shop To Investing In Startups Now Worth $20Bn+ · Feb 20, 2017 · at 3:11

Pejman Nozad, Founding Managing Partner at Pear VC, discusses his early angel investment in payroll and HR platform Gusto and its co-founder Josh Reeves.

0:00 / 0:11exact quote · 11.2s
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“It's my biggest, single biggest angel investment ever, and when I met Josh, it took me like 15 minutes to commit, and I didn't see even one page of the product he's building”

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More from Pejman Nozad

Disclosure
Nozad's fund was the first investor in Andy Rubin's Danger
“We managed to be his first investor in Danger”
Pejman Nozad Feb 20, 2017 ▶ 9:11 20VC: Pejman Nozad: Tech's Most Unlikely VC: From Yoghurt Shop To Investing In Startups Now Worth $20Bn+
Disclosure
Nozad was one of the first investors in Dropbox
“I actually became one of the first investors in In Dropbox”
Pejman Nozad Feb 20, 2017 ▶ 11:02 20VC: Pejman Nozad: Tech's Most Unlikely VC: From Yoghurt Shop To Investing In Startups Now Worth $20Bn+
Disclosure
Nozad notes his top investments like Dropbox feature Iranian co-founders
“And if you look at my portfolio, your company, some of the best company I've ever invested founders are Iranian, you know, naming it Dropbox, one of them, Sound Hunt, the other one, and then current fund has few amazing Iranian founders.”
Pejman Nozad Feb 20, 2017 ▶ 19:08 20VC: Pejman Nozad: Tech's Most Unlikely VC: From Yoghurt Shop To Investing In Startups Now Worth $20Bn+
Disclosure
Nozad funded his first $2M tech fund via carpet sales commissions
“I, we started, he asked me to put, I exactly remember, we started with two million dollars, majority of his money, and he said, you put 10% of it, and this is in the late nineties. I didn't have any money. I said, I don't have it. He said, okay, every month we…”
Pejman Nozad Feb 20, 2017 ▶ 8:41 20VC: Pejman Nozad: Tech's Most Unlikely VC: From Yoghurt Shop To Investing In Startups Now Worth $20Bn+
What-if
Nozad missed massive returns by not maintaining pro-rata ownership in Danger
“Had we participated and kept our ownership after the initial investment, we would have made a lot of money through a half a billion dollar acquisition of Danger by Microsoft.”
Pejman Nozad Feb 20, 2017 ▶ 16:54 20VC: Pejman Nozad: Tech's Most Unlikely VC: From Yoghurt Shop To Investing In Startups Now Worth $20Bn+
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