Insight certainty 4/5 debate potential 3/5

Staenberg: Co-investor reputation drives VC deals more than the founder's pitch

Jon Staenberg · 20 VC 034: 250 Investments, AngelList Syndicates and Microsoft with Jon Staenberg · May 7, 2015 · at 7:19

Jon Staenberg shares fundraising advice for entrepreneurs based on how venture capitalists evaluate syndicated investment opportunities.

0:00 / 0:07exact quote · 7.5s
720p mp4 · rendered on demand · StarZero watermark
“Entrepreneurs should know that often it's not about the person you're pitching, but it's about the people you're bringing to the table.”

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 Jon Staenberg

Insight
Staenberg: Five years of operational experience makes for better venture capitalists
“You can do venture, but why don't you get some real world experience first? Why don't you go somewhere for five years? And actually know what it means to go through cycles, know what it means to hire and fire people, know what it means to have to work on a tea…”
Jon Staenberg May 7, 2015 ▶ 2:16 20 VC 034: 250 Investments, AngelList Syndicates and Microsoft with Jon Staenberg
Insight
Staenberg: Early-stage pitch deck market size projections are made-up guesses
“I don't need to see those numbers because they're made up numbers anyway. They're guesses in many ways.”
Jon Staenberg May 7, 2015 ▶ 9:12 20 VC 034: 250 Investments, AngelList Syndicates and Microsoft with Jon Staenberg
Opinion
Staenberg: VCs overvalue their contributions while founders assume all VCs are identical
“Yeah, I think, in general, VCs overvalue their role, and their value add, and but having said that, I think the entrepreneur often makes the mistake of assuming all VCs are the same.”
Jon Staenberg May 7, 2015 ▶ 11:13 20 VC 034: 250 Investments, AngelList Syndicates and Microsoft with Jon Staenberg
Disclosure
Staenberg missed the social media wave while running a wine startup
“That's why I, quite frankly, have probably missed most of what's happened in the whole social media and much of the consumer in the last couple years, partly because I was doing my own startup in the wine business, but also because a lot of what that was about…”
Jon Staenberg May 7, 2015 ▶ 7:55 20 VC 034: 250 Investments, AngelList Syndicates and Microsoft with Jon Staenberg
Insight
Staenberg: Founders should reference check VCs with failed portfolio company founders
“The tell is asking other companies they've invested in, And not just the ones that have worked out, the ones that didn't work out.”
Jon Staenberg May 7, 2015 ▶ 13:24 20 VC 034: 250 Investments, AngelList Syndicates and Microsoft with Jon Staenberg
Assertion Partly supported
Staenberg: Active major VC funds have dropped from 3,000 to under 1,000
“There used to be close to 3000 major venture funds, and today that's in the hundreds. It's certainly below a thousand.”
Jon Staenberg May 7, 2015 ▶ 14:07 20 VC 034: 250 Investments, AngelList Syndicates and Microsoft with Jon Staenberg
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.