Assertion certainty 4/5 debate potential 2/5

Sanghvi: South Park Commons members average nine months picking startup idea

Ruchi Sanghvi · Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings · Jun 10, 2022 · at 46:30

Ruchi Sanghvi is a partner at South Park Commons. She explains how SPC's 'negative one to zero' incubation phase gives founders time to validate ideas compared to 3-month accelerators.

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“So typically our members spend on average about nine months picking that idea and that goes, you know, and they do everything from time exploration to identifying problems that are key in those spaces to identifying solutions that might be valid to figuring out What competition might look like, or whether it's nascent or not, and to identify if they have the skill sets to actually solve those problems.”

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More from Ruchi Sanghvi

Opinion
Sanghvi: VCs demanding innovation while operating as legacy firms is 'bullshit'
“You know, I think it's bullshit that VCs ask their companies to innovate when they operate as old school white collar legacy firms.”
Ruchi Sanghvi Jun 10, 2022 ▶ 9:01 Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Opinion
Sanghvi: The tech industry is extremely ageist, driving a fear of irrelevance
“And then on the flip side, I find the tech industry is extremely ageist. Things advance so quickly that most people end up fearing being irrelevant. So if you take your foot off the pedal or you take a break, you kind of need to start from ground zero all over…”
Ruchi Sanghvi Jun 10, 2022 ▶ 34:21 Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Insight
Sanghvi: DAOs require centralized operational structures to run efficiently
“Contrary to what DAO stand for, there's some efficiency in centralized organizations and having centralized operational capabilities, which is kind of similar to venture.”
Ruchi Sanghvi Jun 10, 2022 ▶ 22:59 Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Prediction Open · timeframe Jun 2037
Sanghvi predicts institutional LPs will invest directly into DAOs by 2037
“And one would assume that if these DAOs are to be successful over time, much like companies, institutional investors over time will find direct access to these DAOs. Now it might take like, you know, 10 years, five years, 15 years, but if this is already happe…”
Ruchi Sanghvi Jun 10, 2022 ▶ 30:25 Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Assertion Not checkable as stated
South Park Commons was the top talent source for OpenAI in 2016
“In fact, in 2016, we were the largest top of funnel for both of these organizations.”
Ruchi Sanghvi Jun 10, 2022 ▶ 7:54 Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
Disclosure
Sanghvi: South Park Commons fund holds first right of refusal on member startups
“So the fees that we generated from the fund are used into running the operations of the community, and the community members in turn have given the fund the first right of refusal to invest in their companies.”
Ruchi Sanghvi Jun 10, 2022 ▶ 8:21 Ruchi Sanghvi: My Job Interview with Mark Zuckerberg; Deep Dive on DAOs | 20VC #895 · 20VC with Harry Stebbings
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