Andy Pflaum, founder and CEO of Astro, discusses what differentiates great VC partners from good ones during an interview on 20VC.
0:00 / 0:19exact quote · 19.2s
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“We know we can't get the best insights and the best advice. If I'm worried about with each conversation, having to sort of sell them or pitch them on the status of the company or what our next plans are, want to be able to have honest, open discussions about those things and for them to feel that they can speak Openly with us and that it's not going to wound us or cause us to change how we communicate with them.”
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Opinion
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“I think there's merits to all of them, but I would now lean more toward go to that medium-sized growth company. You know, if you can get in today at a company like Stripe or Slack, for example, I think you get incredible growth opportunities, and if you know, …”
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AssertionNot checkable as stated
Past McKinsey research claiming rapid corporate turnover was misleading
“I'd like to thank some somewhat misleading research that was put out 10 or 15 years ago by McKinsey and some other academics that suggested that the largest companies in the country were turning over at a very rapid pace. You can find a lot of articles, and yo…”
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AssertionNot checkable as stated
Large tech incumbents tend to maintain dominance rather than face disruption
“In fact, the big companies tend to stay very strong Across most industries, there are some sectoral differences, like retail right now, for example, but this is especially true, I think, with the large tech companies. If you're very big, you have the ability t…”
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Insight
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“We try to never let it go beyond a certain portion, a very kind of low fraction of our overall attainment of new users. If it goes too high For any brief period of time, then that suggests that we're out of balance and we're not kind of focused on the right ar…”
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Opinion
Workplace communications remain a chaotic mess for enterprise users
“We wanted to do it in the space of workplace communications, which we thought was still something of a chaotic mess, frankly, for most users in the workplace.”
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Insight
Startup success demands extraordinary commitment compared to corporate jobs
“You're rarely going to get extraordinary outcomes from ordinary type work, and I think in a lot of the big companies, you can do relatively ordinary work in terms of your effort and in terms of your contribution and the leverage that your contribution has. In …”
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