Insight certainty 4/5 debate potential 3/5

Founders notice when a VC firm's only woman is an assistant

Jesse Genet · 20VC: Why VCs Are Wrong About Bootstrapped Founders, How Content Can Be Used As A Key Customer Acquisition Tool & How To Use Humour When "S*** Hits The Fan" with Jesse Genet, Founder & CEO @ Lumi · May 4, 2018 · at 23:37

Jesse Genet is the Founder and CEO of Lumi. Discussing necessary changes in Silicon Valley and venture capital, she highlights how venture firm team composition is perceived by visiting founders.

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“I think that's something maybe funds don't realize is, like, how much we notice everything. Like, I notice if the only woman involved in me seeing your firm was your assistant who scheduled me to come in. I, like, we notice all this stuff, and I would love to see that change.”

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 Jesse Genet

Insight
Startups can outsource video production, but not brand building
“You can hire out video production, but you can't hire out brand building.”
Jesse Genet May 4, 2018 ▶ 13:09 20VC: Why VCs Are Wrong About Bootstrapped Founders, How Content Can Be Used As A Key Customer Acquisition Tool & How To Use Humour When "S*** Hits The Fan" with Jesse Genet, Founder & CEO @ Lumi
Opinion
VC diversity directly dictates what types of companies get built
“It's an industry that affects such massive change, trickle-down, relating to what kind of companies get built, and so, That's the nature of why it would be so cool to see diversity. It's not just seeing it. It's feeling it. It's actually feeling like the world…”
Jesse Genet May 4, 2018 ▶ 23:51 20VC: Why VCs Are Wrong About Bootstrapped Founders, How Content Can Be Used As A Key Customer Acquisition Tool & How To Use Humour When "S*** Hits The Fan" with Jesse Genet, Founder & CEO @ Lumi
What-if
A stable 40-hour job might have stopped Genet's entrepreneurial journey
“If I had ever had a taste of, like, a real income where you work 40 hours a week and someone, like, just tells you you're doing good because you've done a reasonable amount of work, I have no concept about whether I would have done any of this.”
Jesse Genet May 4, 2018 ▶ 6:08 20VC: Why VCs Are Wrong About Bootstrapped Founders, How Content Can Be Used As A Key Customer Acquisition Tool & How To Use Humour When "S*** Hits The Fan" with Jesse Genet, Founder & CEO @ Lumi
Insight
Bootstrapped founders often fail to leverage capital to save time
“Working with a creator is a great example of spending money to save time. The concept that if you get that hire in two months instead of eight months, you've fundamentally shifted your roadmap forward. That is a type of thinking that is not very common in a bo…”
Jesse Genet May 4, 2018 ▶ 9:40 20VC: Why VCs Are Wrong About Bootstrapped Founders, How Content Can Be Used As A Key Customer Acquisition Tool & How To Use Humour When "S*** Hits The Fan" with Jesse Genet, Founder & CEO @ Lumi
Disclosure
An investor fell asleep during a pitch meeting with Jesse Genet
“Well, I'm pretty sure someone actually slept through a meeting I took with them, so that, that was a pretty strong signal, but I, they looked very, very tired, and they had, like, kind of shiny glasses on. I couldn't really see whether their eyes were open, bu…”
Jesse Genet May 4, 2018 ▶ 16:43 20VC: Why VCs Are Wrong About Bootstrapped Founders, How Content Can Be Used As A Key Customer Acquisition Tool & How To Use Humour When "S*** Hits The Fan" with Jesse Genet, Founder & CEO @ Lumi
Disclosure
A VC repeatedly asked Jesse Genet if Lumi made physical boxes
“There was one meeting I took where someone kept asking whether I was truly talking about boxes. Like, I would be like, and then this is happening in the industry, and here's how the corrugated equipment works. And they'd be like, we're talking, like, you mean …”
Jesse Genet May 4, 2018 ▶ 16:58 20VC: Why VCs Are Wrong About Bootstrapped Founders, How Content Can Be Used As A Key Customer Acquisition Tool & How To Use Humour When "S*** Hits The Fan" with Jesse Genet, Founder & CEO @ Lumi
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