Ted Wang
person on 1 show · 8 statements across 1 episodes · said 1 times in 1 episodes since 2019
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20VC 1
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8 statements about Ted Wang, every show
Government can be a force for good despite Silicon Valley libertarianism
“I believe the government can work for us. Being here in Silicon Valley, there's a very strong libertarian ideology, and there's a very strong notion that, oh, government's just this terrible thing, and it can never work, and it's always screwed up, and I worke…”
Wang evaluates venture deals using a 10-category spreadsheet scoring system
“You know, so I'm, what I'm trying to do is for companies that go into a longer process, I am recording all this data. So it's, when I say data, it's on a spreadsheet and it's 10 entries scaled on a scale of one to 10.”
Improving predictive skill requires breaking problems down and shortening feedback loops
“What that book says is if you want to, the first answer is yes, some people are better at predicting the future, and the people who are tend to take these complex problems and break them down into subparts, and then the best way to improve your ability to pred…”
A founder's ability to learn is most highly correlated with startup success
“Yeah, well, look, I think if there's one factor that is most highly correlated with success of a Startup companies. It's the founder's ability to learn, and I just think it's the most critical thing, because ultimately, as they take on the company, as the comp…”
Wang estimates he has completed around 10,000 venture financing transactions
“Now, if we're talking about something like venture financing and, you know, I've probably done 10,000 of those, I may lean in a little bit more heavily, heavily on my advice and say, gee, you know, I hear what you're saying, but you really might want to listen…”
Wang admits he was "dead wrong" thinking VC ownership targets were stupid
“When I was a lawyer watching other venture capitalists amass their portfolios, I really didn't understand, you know, why they were so focused on percentage ownership. And I sort of thought it was, it sounded pretty stupid to me, to be honest with you. And now …”
Startup risk cannot be mitigated or eliminated, only chosen
“So I think the biggest miscalculation people make about risk is that they think that there are ways to mitigate certain risks when actually it's just a matter of which risk you're going to choose to take.”