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Steve Papa

13 statements across 1 episodes · 2 bullish · 2 bearish · 1 people on the record · first statement Apr 4, 2022 by Steve Papa · across every show →

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

Everything said about Steve Papa, oldest first

Apr 4, 2022 neutral
Insight
Papa: Product Pricing Databases Require Three-Click Search for Monetization
“The only way you could monetize such a database is if someone could find something within three clicks. If they had to spend a lot of time looking for that pricing information, they weren't going to use it.”
Steve Papa Apr 4, 2022 ▶ 11:55 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 neutral
Assertion Not checkable as stated
Papa: Post-2000 VCs Shifted Completely from Backing Inexperience to Seasoned Operators
“In 99, the temporal wisdom was back folks without experience because they'll see new ways of solving problems. So it became an asset to be inexperienced. Once we got through 2000, the pendulum swung all the way back hard. All investors wanted to see is that yo…”
Steve Papa Apr 4, 2022 ▶ 18:15 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022
Insight
Papa: Whiteboard startup success requires founders to reinvent themselves every six months
“But there are people that can reinvent themselves every six months, which is what you need to do if you're going to be a success in an entrepreneurial company from a whiteboard. What you have to do for that first six months is very different than the next.”
Steve Papa Apr 4, 2022 ▶ 29:43 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 positive
Assertion Partly supported
Papa: 2012 silicon spinout generates over $1M weekly, tracks 2023 IPO
“And sure enough, I spun a silicon company out of a university in Europe in 2012. And they're on track to go public next year. They're now up over a million a week.”
Steve Papa Apr 4, 2022 ▶ 27:37 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022
What-if
Papa: Reframing Endeca as e-commerce sooner could have rivaled Shopify
“If I had framed the world as e-commerce sooner, we probably would have had a much longer runway as an independent company. We would have at least had a chance to enter the world of Shopify, but we didn't.”
Steve Papa Apr 4, 2022 ▶ 26:29 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022
Insight
Papa: Solving hard technical problems creates intrinsic assets without needing consumer eyeballs
“I focused on harder technical problems where if we just solve the technical problem, we have a base asset versus you have to get to a bunch of eyeballs before you have an asset.”
Steve Papa Apr 4, 2022 ▶ 29:07 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 neutral
Disclosure
Papa Seeded Toast With $500K Expecting an Early Acqui-Hire
“I'll commit the first 500 K. If you pay me that back in the next few years, you'll get most of the equity back. Pretty aggressive terms because it was going to be an acqui-hire and I should get some return if it is. 250 K into that, they started to displace th…”
Steve Papa Apr 4, 2022 ▶ 33:25 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 negative
Insight
Papa: A founder unable to get former co-workers to invest is a red flag
“That is the number one thing to focus on, is to really get to know someone, get to know people that have worked with them, and I've had folks that I've put money behind that they couldn't get any of their former co-workers to invest behind them. Pretty big red…”
Steve Papa Apr 4, 2022 ▶ 30:23 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022
Insight
Papa: Founders must contextualize advice because mentors project personal experience
“The other bit of advice I always give the entrepreneur is when people give you advice, remember you're the only one that can contextualize it to your business. When people give advice, they're typically contextualizing it to what made them successful, which ma…”
Steve Papa Apr 4, 2022 ▶ 42:56 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 positive
Assertion Not checkable as stated
Papa: Endeca's Founding Was the Birth of Modern Faceted Search
“And that was the birth of guided navigation or faceted search, which is everywhere on the internet today. You use it all the time and you don't even realize it.”
Steve Papa Apr 4, 2022 ▶ 12:36 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 negative
Assertion Not checkable as stated
Papa: Institutional allocators never reach out for backdoor VC references
“What surprises me is I have yet to have an allocator reach out as a backdoor reference. It's never happened. They basically take the references that the firm offers, and that's who they call.”
Steve Papa Apr 4, 2022 ▶ 43:35 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022 neutral
Assertion Not checkable as stated
Toast had only two VC firms competing to invest in fall 2015
“In fact, the only two firms that were competing to back it at a reasonable valuation were my two lead investors at Indeca that fall.”
Steve Papa Apr 4, 2022 ▶ 36:06 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
Apr 4, 2022
Disclosure
Papa: Endeca could have exited to Amazon around 2005
“There were two other moments we could have exited the business. One was around 2005 where Amazon was very attracted to what we were doing.”
Steve Papa Apr 4, 2022 ▶ 24:46 Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244)
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