Quintini: Startups must plan for massive scale at founding, not dynamically
Renata Quintini · 20VC: The 7 Requirements For Startup Scaling, Why VCs Must Approach Every Conversation with A Yes Mentality & Why We Will See The Humanisation of Technology with Renata Quintini, Partner @ Lux Capital · Aug 9, 2017 · at 15:24
Renata Quintini is a partner at Lux Capital. She is discussing her framework for how early-stage tech startups should prepare for exponential growth and avoid operational pitfalls.
0:00 / 0:16exact quote · 16.6s
720p mp4 · rendered on demand · StarZero watermark
“Because this growth is so exponential, companies need to plan for that day of a hundred million users or the ten million users at founding, not as they go, because I think there's a lot of trouble that can happen, and there are also a lot of important advantages that the company can build as it goes.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Renata Quintini
Quintini: VCs shouldn't offer operational value-add just to satisfy LPs
“I think the important thing is you should only do it if it matches your skills and it matches your The relationship and the way you want to work with your founders, right? You shouldn't do it because the industry is doing it. You shouldn't do it because LPs, y…”
Quintini: Sector-specialized VC funds risk missing tectonic technological shifts
“Number one, if that industry or that sector is out of favor, you have your glory days, but you kind of go away with that. And number two, you know, it's very hard to branch and think differently. And you might miss big tectonic shifts in other areas that becau…”
Quintini: VCs should evaluate startup pitches with a 'yes mentality' first
“I think for me, the biggest lesson was approach each conversation, each pitch with a yes mentality, right? So thinking about how does reality look like if this company is successful, let's leave the how aside for a minute. Let's get creative and let's stretch …”
Quintini: Stanford's endowment helped launch the venture capital industry
“The Stanford endowment put venture capital in business in a sense.”
Quintini: The best VC firms are built to outlast their founding partners
“I think the best firms, they really build something to last beyond themselves, right?”
Quintini: Lower startup costs enabled the emergence of smaller VC funds
“Cloud, mobile, processing power, all those things that happened in the past, you know, call it 1520 years, they made founders need differently, and I saw what in 2006, seven, eight, people kind of taking that big step back and say, okay, what's changed now, an…”