Mike Smith

Co-Founder and General Partner, Footwork · 1 appearance on the record.

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investorfounderexecutiveoperator@msmith492 ↗LinkedIn ↗footwork.vc ↗

Mike Smith is Co-Founder and General Partner at Footwork, an early-stage venture capital firm. He previously served as President and COO/CFO of Stitch Fix and as COO of Walmart.com.

6statements → 2claims → 1claims resolved → 3.83/5average certainty → 1.5/5average debate potential → 1said about them ↓

1 supported 0 partly supported 0 contradicted 1 not checkable as stated how the 2 claims stand · each chip opens the sources

2 assertions · 2 insights · 2 disclosures · every statement was checked. The predictions and assertions are the 2 claims: statements the public record can support or contradict. 1 is resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Mike argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

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)

What they said6 What others said1 Episodes1

Everything Mike Smith said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

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)

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)

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)

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)

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)

Disclosure

Smith: Footwork assigns one GP as director and the other as observer

“And so the way we work organically is one of us will take the board seat and the other one will be a board observer.”

Mike Smith Sep 23, 2021 ▶ 17:30 Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)

The other half of the tape: Mike Smith's own voice is left out of every number here. 1 statement on the record names them. every mention, with the transcript →

Statements about Mike Smith, by other people (1)

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)

Appearances (1)

Episode	Date	Speaking time
Mike Smith and Nikhil Basu Trivedi – Footwork Ventures (Manager Meetings, EP.12)	Sep 23, 2021	17m

Mike Smith

The record, in short

Their most notable supported claim

Statements about Mike Smith, by other people (1)

Appearances (1)

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