Cyan Banister, venture investor at Long Journey Ventures, explains how her evaluation of co-founder dynamics evolved after investing in dysfunctional teams.
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“This is why I also love husband, wife, and brother, sister, and brother, brother, sibling teams is often they've had an entire lifetime or many, many years to resolve conflicts, right?”
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More from Cyan Banister
AssertionContradicted
Cyan Banister: San Francisco DA Chesa Boudin refuses to prosecute crimes
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Insight
Cyan Banister: Uber could not build a world-changing company by being nice
“They pushed people to move fast, break things, and challenge all regulations, etc., but in order to be Literally a world-changing company, they had to do that, and they had to have those behaviors. They weren't going to be able to do it by being nice all the t…”
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Insight
Cyan Banister: Multi-stage funds invest early to block rivals like a16z
“So it's a strategy, and it's a strategy to cut out the seed ecosystem and other Series A investors down the road. So there are certain firms like A-Six, Z, et cetera, that have ownership targets. And so if you want to ruin their chances of getting the ownershi…”
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AssertionSupported
Cyan Banister: High taxes and safety issues drive tech exodus from California
“There's a reason startups aren't staying. There's a reason that people are fleeing. That's because of San Francisco and frankly, all of California, you can only tax people so much. And then eventually they're just like, gosh, every dollar I'm making, I take ho…”
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AssertionNot publicly verifiable
Cyan Banister: Gun ownership and support for self-defense are surging in SF
“If anything, the silver lining of all of this is that there's more gun ownership and more people who are pro home and self-defense than ever before.”
Cyan BanisterOct 19, 2020▶ 39:5720VC: Cyan Banister on Her Relationship To Money, Risk, Her Investment Decision-Making Process, Why We Will See A Reckoning in the Early Stage Market, Her Biggest Takeaways from HQ Trivia & The Future of Silicon Valley
Disclosure
Cyan Banister often evaluates founders within ten minutes of meeting them
“A lot of the times I make up my mind about the person before ever hearing about the product within that 1:10 minutes of them telling me their story.”
Cyan BanisterOct 19, 2020▶ 12:3820VC: Cyan Banister on Her Relationship To Money, Risk, Her Investment Decision-Making Process, Why We Will See A Reckoning in the Early Stage Market, Her Biggest Takeaways from HQ Trivia & The Future of Silicon Valley
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