Insight certainty 4/5 debate potential 2/5

The best VCs assume a founder's premise to evaluate upside potential

Andrew Farah · 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density · Sep 7, 2018 · at 23:32

Andrew Farah, founder and CEO of Density, discusses the most valuable traits in venture capital investors with host Harry Stebbings.

0:00 / 0:13exact quote · 13.4s
720p mp4 · rendered on demand · StarZero watermark
“The best venture capitalists I've ever spoken to assume your premise and then ask, okay, what could happen if you were right? And you spend 45 minutes talking about that portion of the idea and not 45 minutes justifying your existence.”

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 Andrew Farah

Insight
Distribution strategy drives 80% of a company's success
“I think that like 80% of all great companies behind 80% of a company's success is, is typically a really interesting distribution strategy. Sometimes that's a viral method. Sometimes that's a big deal with IBM and in Microsoft's very early days. Sometimes that…”
Andrew Farah Sep 7, 2018 ▶ 16:54 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Assertion Supported
4.4 billion square feet of US corporate office space sits vacant
“In the US, there's eleven billion square feet of leased or owned corporate office space, and 4.4 billion square feet of that space is vacant but paid for.”
Andrew Farah Sep 7, 2018 ▶ 17:38 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Opinion
VC decision-makers and corporate boards suffer from extreme demographic homogeneity
“I think that it definitely could really use some improvements in the diversity of the people who are making those decisions. You know, whether it's corporate boards or it's managing directors, it is amazing, the homogeneity.”
Andrew Farah Sep 7, 2018 ▶ 23:04 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Insight
Users invent more creative applications for fundamental products than founders
“The ones that seem to be really fundamental problems, things that people really care about, For whatever reason, people tend to be more creative with them than you could be.”
Andrew Farah Sep 7, 2018 ▶ 4:29 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Assertion Not checkable as stated
Ludlow's Jonathan Triest introduced Density to leads in all three rounds
“Jonathan is a close friend and someone, he's one of our earliest investors, and he has introduced us to the lead of every round we've done, and we've done three.”
Andrew Farah Sep 7, 2018 ▶ 6:07 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Insight
Narrative stories in investor updates are as important as core metrics
“The truth of your business, the facts of your business, those things are critical, but just as important are the surrounding stories around what's happening within the business.”
Andrew Farah Sep 7, 2018 ▶ 8:02 20VC: The Mindset The Best Investors Assume When Assessing Opportunities, Why So Many Hardware Startups Fail Today & The Right Way To Think About Employee Retention with Andrew Farah, Founder & CEO @ Density
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.