Topher Conway is Co-Managing Partner at SV Angel. He discusses how he began investing at an early age alongside his father, Ron Conway.
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“My first angel investment was when I was in eighth grade. It was in a company called Napster.”
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More from Topher Conway
PredictionHeld up
SV Angel Refuses Board Seats to Maintain Founder Alignment
“We also don't take board seats. We think that, you know, we always want to align ourselves with founders and be the advocate for them. We think that at some point in the business boardroom will get contentious and founder will, and the board won't agree on som…”
Topher ConwayFeb 13, 2017▶ 14:1720VC: Why We Are Valuation & Ownership Insensitive, Why We Do Not Take Board Seats & The Effects Of The Series A Crunch with Topher Conway, Co-Managing Partner @ SV Angel
Disclosure
SV Angel Is Valuation and Ownership Insensitive at the Seed Stage
“So we don't really think about it That much at all. Unless it's something totally out of whack or, you know, out of line with where the company is in the founder's background, that's probably the only time that it'll really play into our decision. Other than t…”
Topher ConwayFeb 13, 2017▶ 16:2020VC: Why We Are Valuation & Ownership Insensitive, Why We Do Not Take Board Seats & The Effects Of The Series A Crunch with Topher Conway, Co-Managing Partner @ SV Angel
Disclosure
SV Angel Flags Deals if Valuation Talk Exceeds Five Minutes
“You know, if we spend more than, you know, we've always had this kind of internal rule is if, You know, if we spend more than five minutes talking about valuation with a founder, then something's wrong. Something's awry there.”
Topher ConwayFeb 13, 2017▶ 16:4620VC: Why We Are Valuation & Ownership Insensitive, Why We Do Not Take Board Seats & The Effects Of The Series A Crunch with Topher Conway, Co-Managing Partner @ SV Angel
Disclosure
SV Angel Sees a 40% Portfolio Failure Rate
“We have about 40% of our portfolio goes out of business and that's fine.”
Topher ConwayFeb 13, 2017▶ 9:1420VC: Why We Are Valuation & Ownership Insensitive, Why We Do Not Take Board Seats & The Effects Of The Series A Crunch with Topher Conway, Co-Managing Partner @ SV Angel
Insight
Startups Should Wait Until Post-Seed to Construct Formal Boards
“You can always bring on angel investors and advisory board members earlier on in the life cycle of the company, but when it comes to really constructing a board, you know, doing that post series seed going into the series a, you know, that's probably when it's…”
Topher ConwayFeb 13, 2017▶ 15:4220VC: Why We Are Valuation & Ownership Insensitive, Why We Do Not Take Board Seats & The Effects Of The Series A Crunch with Topher Conway, Co-Managing Partner @ SV Angel
Insight
Valuation Caps Do Not Matter for Breakout Venture Hits
“You know, if the company's, if it's going to be a big, successful company, you know, if you're investing at a six million cap or an eight million dollar cap, it doesn't really matter.”
Topher ConwayFeb 13, 2017▶ 16:3520VC: Why We Are Valuation & Ownership Insensitive, Why We Do Not Take Board Seats & The Effects Of The Series A Crunch with Topher Conway, Co-Managing Partner @ SV Angel
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