Hardi Meybaum, General Partner at Matrix Partners, discusses his initial impression of the Silicon Valley ecosystem while fundraising for GrabCAD.
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“Valley was not that much better. I would say it was even worse in that sense that I met a lot of people there, but I thought that the quality of the people were not great.”
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More from Hardi Meybaum
Insight
Investors Can Assess a Founder's Drive Within Two Minutes, Claims Meybaum
“Literally, it takes two minutes to sit with a founder and you can see that drive or not.”
Hardi MeybaumOct 5, 2016▶ 18:1820VC: The Secret To Building Pattern Recognition, Why MBA Does Not Always Equal Great Founder & What Are The Right Reasons To Start A Company With Hardi Meybaum, General Partner @ Matrix Partners
AssertionNot checkable as stated
MBA and Junior VC Founders Consistently Failed to Compete With GrabCAD
“I see many times where there were MBAs, junior associated VCs, and coming to try to compete with us, but they always quickly failed after some great original boss.”
Hardi MeybaumOct 5, 2016▶ 22:3220VC: The Secret To Building Pattern Recognition, Why MBA Does Not Always Equal Great Founder & What Are The Right Reasons To Start A Company With Hardi Meybaum, General Partner @ Matrix Partners
AssertionNot checkable as stated
Every VC in London, Boston, and Silicon Valley Initially Rejected GrabCAD
“I met a lot of other VCs in Silicon Valley, and every single VC turned me down, and not only Boston, not only Silicon Valley, but also everyone in London”
Hardi MeybaumOct 5, 2016▶ 6:2020VC: The Secret To Building Pattern Recognition, Why MBA Does Not Always Equal Great Founder & What Are The Right Reasons To Start A Company With Hardi Meybaum, General Partner @ Matrix Partners
Insight
Venture Capital Lacks Feedback Loops Due to Five-to-Seven Year Deal Cycles
“There's just no feedback loop in, in VC. You don't know if you're good at your job because, okay, you can measure yourself if you're doing deals, but you just don't know if those deals become good till five, six, seven years. And you need to do a lot of work w…”
Hardi MeybaumOct 5, 2016▶ 12:2120VC: The Secret To Building Pattern Recognition, Why MBA Does Not Always Equal Great Founder & What Are The Right Reasons To Start A Company With Hardi Meybaum, General Partner @ Matrix Partners
Insight
Thesis-Driven Sourcing Builds Pattern Recognition Faster Than Horizontal Evaluation
“I've started to select very specific fields where I'm going in, instead of being very horizontal and seeing everything that comes into the door, I'm, I've become very thesis driven. So I go and look very specific vectors and I try to go and find every single c…”
Hardi MeybaumOct 5, 2016▶ 16:2320VC: The Secret To Building Pattern Recognition, Why MBA Does Not Always Equal Great Founder & What Are The Right Reasons To Start A Company With Hardi Meybaum, General Partner @ Matrix Partners
Disclosure
Matrix Partners Invested in YC's SketchDeck Because Meybaum Needed the Product
“I have two investments that I've done recently that are not public yet, but I will still mention this, the SketchTech deal. It's a YC company that I spoke to earlier, and I said yes because I would have used that product. I would love to have that product when…”
Hardi MeybaumOct 5, 2016▶ 25:4620VC: The Secret To Building Pattern Recognition, Why MBA Does Not Always Equal Great Founder & What Are The Right Reasons To Start A Company With Hardi Meybaum, General Partner @ Matrix Partners
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