Mike Smith

6 statements across 1 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Sep 23, 2021 by Mike Smith · across every show →

On the record as a speaker too: Mike Smith's record, appearances and statements → this page counts the times other people say the name.

Everything said about Mike Smith, oldest first

Sep 23, 2021 neutral

Disclosure

Smith: Footwork raised Fund I without meeting most LPs in person

“Most of the LPs we did not meet in person during this process”

Mike Smith Sep 23, 2021 ▶ 37:26 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Sep 23, 2021 positive

Insight

Smith: The best founders master all three financial statements

“The best founders, I think, just know like all three financial statements and can talk really intelligently about how their business needs to scale and what capital is required to scale their business.”

Mike Smith Sep 23, 2021 ▶ 26:56 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Sep 23, 2021 positive

Assertion Not checkable as stated

Smith: Footwork was ~2x oversubscribed on Fund I by early March 2021

“We felt very fortunate to be in a position in early March of being, call it, two X oversubscribed our target.”

Mike Smith Sep 23, 2021 ▶ 35:04 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Sep 23, 2021

Assertion Supported

Trivedi: Footwork closed debut venture fund at $175M in April 2021

“That culminated in our decision last fall to go build Footwork together, to start to speak to limited partners, and then in January of 2021, Mike left Stitch Fix, and in April we closed our first fund with one hundred and seventy five million in commitments an…”

Nikhil Basu Trivedi Sep 23, 2021 ▶ 16:05 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Sep 23, 2021

Assertion Supported

Smith: Stitch Fix scaled to 10,000 employees and $2B in revenue

“The specific seat I got to sit in at Stitch Fix, taking the company from five people to 10,000 people from basically zero revenue to two billion.”

Mike Smith Sep 23, 2021 ▶ 13:27 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Sep 23, 2021 neutral

Insight

Smith: VC firms operate like golf teams rather than true team sports

“On a good day, I think venture firms on their best day Our golf teams, like individuals shooting their best score, their lowest score, and adding them up at the end. We really think about our team and our approach more like a basketball team or a soccer team, …”

Mike Smith Sep 23, 2021 ▶ 32:00 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

Mike Smith

Everything said about Mike Smith, oldest first

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