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20VC Opinion
Olteanu: There is no excuse for all-white male VC associate classes
“I will call out if a VC takes credit for a founder or if they announce their newest associate bench, which is all white five, you know, five white males. I think it's 20, 22 and there is no excuse to hire only like that.”
Oana Olteanu Nov 19, 2022 ▶ 15:51 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Prediction Partly held up
Olteanu: AI foundational models will commoditize like compute power
“Foundational models. I think they will get commoditized like compute, and I think the companies who deliver the last mile will be the ones to capture most value.”
Oana Olteanu Nov 19, 2022 ▶ 35:04 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Insight
Olteanu: Founders should expect more from VCs than just doing no harm
“Right now, many founders will tell you that if a VC is not harmful to the company, that's already a success. And I say the expectations should be higher from founders because while a VC cannot play the chess game for you and move the pieces. They have seen a l…”
Oana Olteanu Nov 19, 2022 ▶ 8:05 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Opinion
Olteanu: Constant self-promotion by new VCs spreads misinformation to founders
“I think a lot of VCs who recently joined the industry they take this common approach of constant self-promotion. And that erodes the mind and spreads misinformation among the founders.”
Oana Olteanu Nov 19, 2022 ▶ 15:34 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Insight
Olteanu: 'Schrödinger's VCs' promise help but add no value post-investment
“Schrodinger's VC is what I call a VC who preaches a lot of help, especially before winning a deal. But then if you ask the founders, they will tell you they added no value.”
Oana Olteanu Nov 19, 2022 ▶ 4:17 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Insight
Olteanu: Founder-to-founder advice always beats VC advice
“Founder to founder talk always beats VC talk.”
Oana Olteanu Nov 19, 2022 ▶ 10:57 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Insight
Olteanu: VCs taking credit for founders' work is a major red flag
“A positive sign would be them walking you through their entire portfolio, and especially how they serve the founders when things were not going so well. A negative sign would be Them taking credit for the founders work, and there's nothing more sinister than t…”
Oana Olteanu Nov 19, 2022 ▶ 5:27 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Insight
Olteanu: Younger investors' biggest board mistake is talking too much
“As a younger investor, you tend to talk too much and not listen, so I think that's the biggest mistake.”
Oana Olteanu Nov 19, 2022 ▶ 19:32 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Insight
Olteanu: Founders must prevent dominant investors from monopolizing board meetings
“And sometimes you might have an investor which acts like the mob and tries to monopolize the entire discussion and you have to stop that as a founder. You control the board meeting, and it's on you to give everybody room.”
Oana Olteanu Nov 19, 2022 ▶ 22:14 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Opinion
Olteanu: Honeycomb CEO Christine Yen is an underrated angel investor
“Christine Yen, the CEO of Honeycomb. She has a ton of knowledge and know-how.”
Oana Olteanu Nov 19, 2022 ▶ 35:18 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Opinion
Olteanu: Dan Scholnick is an exemplary low-ego, action-oriented board member
“Dan Sholnik who invested in Urelic, Docker, Weights and Biases, and a bunch of other amazing companies. I like Dan because he's low ego. He's very action oriented. And he acts in service of the founders.”
Oana Olteanu Nov 19, 2022 ▶ 18:59 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Disclosure
Olteanu: Passing on MindsDB is her biggest venture investment miss
“MindsDB. Move faster.”
Oana Olteanu Nov 19, 2022 ▶ 36:35 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
20VC Assertion Supported
Olteanu: The Ethereum Foundation used Kurtosis to test the Merge
“The most recent publicly announced is Kurtosis. It containerizes entire distributed systems and allows testing on them. The Ethereum foundation used them to test the merge, for example.”
Oana Olteanu Nov 19, 2022 ▶ 40:04 Oana Olteanu: Why Founders Should Expect More From Their VCs | 20VC #950 · 20VC with Harry Stebbings
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