Everything Dan Rizzo said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Entrepreneurial experience does not guarantee early-stage venture investing acumen
“What I see in a lot of early stage seed type managers or venture managers, I see a lot of entrepreneurs that think they can become investors and it's easy to I presume that they, because they've been an entrepreneur, they know how to do it. And that I definite…”
Active venture strategies require operator experience; passive stock-picking does not
“I think you have to pair strategy with capabilities. So if I'm talking to a manager that is going to be very active you know, in their portfolio companies, sit on boards, coach management teams through key growth areas, like hiring sales teams, going to market…”
Early SaaS data products require professional services to prove ROI
“As many companies experience, software was very high margin, but if our saw, if we couldn't concretely show a return on investment, Because the client didn't know what to do with the data then it didn't matter how high margin. Didn't matter, you know, how litt…”
Bureaucracy allows a single skeptic to kill corporate acquisition deals
“As you grow bigger, like we were doing and dare I say more bureaucratic. It didn't take, it only took that one person in the room, the skeptic to really influence those things.”
Hiring IPO advisers creates deal momentum that is hard to stop
“Hiring the right accountants, hiring the right lawyers for the transaction and SEC hiring investment bankers. They put you on a track and it's hard to stop that train rolling. So you might hire people and say, we're investigating an IPO, or we might do a dual …”
CFA program fails to teach investors how to evaluate CEO character
“The, in the, a exam process, you do a lot of math and you learn a lot of formulas and techniques. What you don't learn is, yeah, is how to evaluate the character of a CEO and management team.”
Rizzo rarely backs former entrepreneurs in their first venture fund
“I'm rarely going to do something in a first fund for one of those, but when I see a track record that you show me, you've translated your capability of being an entrepreneur into being an investor. Then I love you because then I know that you can help entrepre…”
Pre-IPO acquisition succeeded after internal technology build failed
“Pre IPO, there was a particular leader in a particular niche and we tried to build a product around it. And we found that we couldn't build it as well as they did. And so we pursued an acquisition and it really unlocked a ton of value because we were able to p…”