jump to navigation

Builders for the Future (Notes from Dec. 24 – 30) January 16, 2019

Posted by Anthony in experience, finance, Founders, global, Hiring, questions, social, Uncategorized, WomenInWork.
Tags: , , , , , , , , , , , ,
add a comment

Hello all! It’s good to write again this week! And this one sent us back to the week of Christmas. Appropriate for this edition because I spent mine with my mom. She’s one of the strongest women that I know – the stars of their respective companies/start-ups/brands. They’re asking questions that affect all of us, whether it’s when we literally stay a Marriott Hotel, question our job choices going forward, try to learn a new skill, or even debating on jumping into a start-up with an idea.

I know I took quite a bit of the segments to heart and reflected on them. They covered a wide range of topics but ultimately, how do we move forward in whatever we’re doing.

  • Nicola Corzine (@ncTheCenter), Exec Director at NASDAQ Entrepreneurial Center (Bay Area Ventures, Wharton XM)
    nasdaq_ec_horizontal_rgb-144-jpeg

    • Enabled 7500 entrepreneurs in 65+ countries
    • 49% female and 65% minority as a big driver for her
    • KPIs as solving the business problems that are presented
  • Stephanie Linnartz, Chief Commercial Officer at Marriott International (Wharton XM)
    • Discussed how they had positioned to make sure certain hotels stand by their values
    • After buying Ritz Carlton, keeping it as Ritz Carlton brand
    • Host / rent-type brand and partnership to ensure that they can offer amenities in line with brand
    • Structure of Marriott being franchised, primarily
  • Ellen Ruppel Shell (@EllenRuppelShel), author of The Job (In the Workplace, Wharton XM)
    • What’s it mean to be satisfied at work? Depends on the person.
    • How gig economy changed mindsets – if it did? Many people want consistent paycheck
      • Control isn’t super valuable if they don’t know when the next paycheck is coming
    • Disagreements of people seeking ‘satisfaction’ or ‘meaningful’ employment – falsehood that has been pushed onto workers
  • Alice Bentink (@Alicebentinck), co-founder of Entrepreneurs First (20min VC FF 014)
    207674-8f5f1ef809f09323093e368f6a2bad92-medium_jpg

    • Founded Girls Code
    • Was originally at McKinsey when she started – best way to think about next steps when they were graduating from university
    • Ingredients for EF: exceptional technical talent, co-founders that matter
      • Idea is important but not perfect idea (doesn’t exist)
        • Idea that resonates with you to attack and start to build
      • Non-technical people need to bring domain expertise (used a translation expert with contacts/work in the space)
        • People with years of expertise don’t want to work in their domain – EF is pained by this
      • Selection based on the talent over ideas (changing them 2-3 times)
    • What makes a great founder?
      • Thousands of applications – built companies or startups or products
        • How to keep an open mindset and willingness to learn
    • First time founders worry too much about the startup than the product being built
      • Don’t worry about accounting, incorporation, logo
      • Do built a test product, get feedback, iterate quickly
    • Friends and family rounds can be dangerous if there isn’t an understanding of the risk or time horizon (say, pensions or house deposit)
    • Scaling from 15 companies a year to 40 companies
  • Kirsty Nathoo, CFO of Y Combinator (20min VC 075)
    1200px-y_combinator_logo.svg_

    • Went from PWC in Cambridge, UK to YC and do-everything at a start-up accelerator
      • Got involved with YC through her husband, funded in 2008
      • Had a 3 week window to close up Cambridge and get to SV – was doing a ton of responsibilities
        • Control of all bank accounts, access to everything and it made her more trustworthy
    • First batch she was involved with was Winter 2010 and had 26 companies
    • 10 minute interviews questions – how big does it get? How does it adjust with getting customers what they want?
      • Have the founders thought about enough to make each other learn something new?
    • Obvious business expenses vs controllable business expenses – spending investor money and when to vary / change these
      • Founders can break up and it often isn’t ideal – YC makes sure to pay founders and payroll
    • Founders should be able to report a lot
      • How much $ in bank? Runway? Growth rate? Burn rate?
    • Most impressive interviews are ones that founders can articulate answers to questions because they’re so matched with their mission
Advertisements

Push Ahead with Technology – Robots, Retail, Blockchain (Notes from Dec 17 – 23) January 10, 2019

Posted by Anthony in Automation, Blockchain, experience, finance, social, Uncategorized.
Tags: , , , , , , ,
add a comment

First week back for most people. Hope it hasn’t been too chaotic. Schedule-wise, I was expecting craziness but it seems that everyone’s trying to adjust, so changes have been aplenty. Somewhat with a theme of resolutions and just personal improvement as I had time to mull and reflect, I had retreated a few months ago from my book-goal. So, that’s begun again, starting with Meditations by Marcus Aurelius, offered at Project Gutenberg.

330px-Project_Gutemberg_logo.svg_

Then, I heard this morning, though I forget which segment it was, that there is a woman who writes weekly blogs for progress of weekly/monthly goals. That’s quite the inspiration! I’m not against resolutions, but the segment host / guest made great points in that they can fail often due to not being measurable (‘be happier’, ‘lose weight’ – measurable, but not succinct enough, ‘walk more’). So, accountability and something where you can SEE/REFLECT on how you’re doing is more actionable.

In light of that, I am going to make an effort to go back to ending my showers with 1min cold water (this morning: 1 for 1), read more (thru 3 books/chapters of Meditations), and attend at least 1 meet-up for the month (Smartly had one today but I’m going to attend next week’s in SF).

  • Scott Peters, SAM and Robotic Construction (Wharton XM)
    CR-Logo-278x80

    • CEO of Construction Robotics, talked about his SAM (semi-automated mason) that can lay 350-400 bricks an hour
      • No fatigue, just operation and planning goes into it
      • Ideal for commercial scenarios – large, long walls – set-up time
    • Specs for robotic-enabled to see if there’s a cost saving, time saving or profit margin for company
      • Work with customers to make sure it is feasible and makes sense
  • Doug Bewsher (@dougino), Author at Leadspace (Wharton XM)
    • Didn’t start as a journalist / author – was a CEO brought in for expertise for his marketing skills
      • Prior CMO Salesforce, CMO Skype, co-led McKinsey’s CRM practice
  • Caitlin Long (@caitlinlong_), former Morgan Stanley MD (Wharton XM)
    • Focusing on state-level support in the digital assets industry in Wyoming
    • Blockchain friendly bank – focused on that type of risk (more risk, so banks don’t want to enable)
    • Asset- and debt-based business and discussing blockchain as something different altogether
  • Stephen Sadove – former Saks 5th, Mastercard Senior Adviser
    • Data from holiday says that the Sunday before Christmas is the most busiest day of the year (ahead of Black Friday / Cyber Monday)
    • Shoppers in many aspects are increasing, except for say, electronics and big box retailers
    • Across the wave, and sections (“cozy” items)
      • Stores take advantage and share on the success

 

Across the Board! Digitization, Health, Systems, and Strategy (Notes from Dec. 10 to 16) January 3, 2019

Posted by Anthony in Automation, experience, finance, global, medicine, Politics, questions, social, WomenInWork.
Tags: , , , , , , , , , , , , ,
add a comment

Happy New Year’s, everyone! Hope people had a safe, relaxing and fun holiday. I also hope it provided some time to pause, reflect and wondering for what has happened and what may come in the next year.

I’ll preface my notes by informing you that they are short snippets, as you’ll observe. This was not necessarily by design, but necessity. I listened to a higher number than I should have in this week, as I needed to procrastinate – for what, you may ask? – for my MBA Final exam. Knowing how much drop-off in any online programs there is, I was hesitant in sharing this with others. Hate to tell someone you started something and then pause it, right? I sit here, now after receiving my Smartly Institute email saying I’ve completed the program and should receive the MBA Degree shortly!

20190102_SmartlyMBA

For those curious about the online program, reach out! Or maybe I’ll sure the exit survey that I am supposed to complete here.

Getting to my notes / snippets of what I listened to during that week, check below! I do think I’ll go back and listen to a couple of the segments fully because I found them very interesting. Whether it was strategy for Hasbro and eSports’ future or the author of Loneliest Generation or the Brightseed founder – some very interesting research and data being collected and reported on for whatever tickles your fancy. Whatever you may in interested in, there are plenty of overlaps. Know this.

  • Hasbro/Wizards strategy for esports, how DnD came about, Magic, (Work of Tomorrow, Wharton XM)
    • Magic was a request on finding a game between DnD games – revolutionized with trading card game
  • HBR article – business models for healthcare: https://hbr.org/2018/11/3-business-models-that-could-bring-million-dollar-cures-to-everyone
    • Business model needs to be reinvented if we’re to have million dollar treatments/cures
      • Ensure that insurance co’s are willing to cover expensive therapy – provide outcome-based results
      • Economics tend to be difficult if consumers are switching every 2 – 3 years with employer switches
    • HealthCoin securitizing improvements in health that can be passed from one stakeholder to another
      • Generates credit like a bond, can sell later to recoup cost
    • Annuity-based model for diseases/costly procedures, collect dividends after monthly premium investments
  • Million Dollar Women, Julia Pimsleur, (Women @ Work, WhartonXM)
    MDW_Masterclass_LOGO-copy-800x172

    • Changing mindset, upping skillset, expanding network
      • Trying to get them to think bigger and get rid of imposter syndrome
      • Develop their 8 pillars
      • Network by talking 1 on 1 with established mentors in the program
  • Mene founder (Wharton XM)
    made-in-ny-graphic

    • Talking about the gold standard – Reagan’s temporary mission, haven’t come off
      • Inflation has been resigned to just sticking with the faux environment we’re in now – printing money
      • If gold wasn’t a store of value, it wouldn’t have risen from $30 – $1200+
  • Cotopaxi Founder, Davis Smith (Wharton XM)
    • Why SLC? He and his wife were deciding between Seattle and Salt Lake City – she chose SLC (having grown up in Seattle)
    • Created tribe / community of supporters
      • In Korea, someone shouted across the way Cotopaxi – to which he informed them he was the founder
      • Validation for what he had been working to create (although network effect bigger than anticipated)
    • Owning the omni-channels and why he chose D2C (virtual presence a la Warby Parker, Away, etc…)
      • Online and then a retail presence to own their own brand, before moving out to partner with places that help them reach others
      • Had to sell via Amazon as well to own that channel (otherwise someone would definitely be selling on that channel)
      • Partner with REI and other retailers in order to gain visible traction with places that had strong digital presence
        • Not the full catalog, but a few of the higher margin SKUs
      • Talked about how Vans originally rolled out to skaters/surf shops – top of pyramid before moving down to Zumies (frequented by those)
        • After a long while, they’re finally selling in JC Penny’s and others like it (well-established brand first)
    • Vertical digitalization above and then has a very lean business on the other side (outsources much of the fillers, suppliers, distribution)
      • He knows what he knows and then learns from those he works for – lets them do their thing
  • Author of Future Politics, Jamie Susskind (Wharton XM)
    512BG7vKh4NL._SY291_BO1204203200_QL40_

    • Why do we insist on allowing politicians to not be knowledgeable in digital age
    • Odd that these are legislators attempting to update the digital companies
    • Should be obvious that we ask the people creating regulation should be involved in the technology that they’re attempting to design around (apparently our votes say otherwise)

 

 

 

  • Loneliest Generation author (not wsj one)
    • Costs an estimate $7bn, more than arthritis or high blood pressure combined
  • Brightseed founder, (Wharton XM, Thurs Dec 13)
    • Search engine with thousands of plants to identify empirical evidence of eastern medicine
      • Which plant consumption triggers improved physical / health properties?
      • Headed to market with one that improves liver toxin fat breakdown
    • Cheaper aspect because they’re plants compared to new drugs which can take hundreds of millions of 7+ years
    • Features of plants aligning with human function

Tech Trends for Business (Notes from Dec. 3 – 9, 2018) December 28, 2018

Posted by Anthony in education, experience, finance, global, medicine, questions, social, Uncategorized.
Tags: , , , , , , ,
add a comment

Okay, a busy week! Hope everyone had a great Christmas, safe and won all your family games. Earlier in the month, I listened to a couple 20min VC’ episodes that focused on tech trends (episodes from 2016). Looking back, healthcare is still being worked on, and we have definitely expanded into Europe being a larger hub for startups and tech origination.

Then, there remain questions of how we will replace or fundamentally alter the processes that seem ubiquitous such as transaction methods and recording as well as the old rules of portfolio formation.

I hope you guys enjoy some of the notes and feel free to explore further depths on your own!

  • Michael Treskow, Morgan Stanley IB former, VC at Accel Partners (20min VC 073)
    • Investment environment of London vs SF – tons of entrepreneurs in both
    • All else being equal – all experience (prior founder experience) is typically good
      • Gets bug for creating his own thing but then is quickly reminded of how difficult and time-consuming it is
    • He said he looks for market size and ability to attract is what draws him in
      • Obsession for the topic / market / expertise
    • Wunderlist (made in Berlin) for productivity tool.
    • European tech hub: didn’t think there’d just be one – mentions Madrid, Nordics, Tel Aviv and the excitement of all
    • Blog – Term Sheet, big name others

Accel_28Partners29_2015_logo

  • Bob Kocher (@bobkocher), Partner at Venrock (20min VC 074)
    • Focuses on healthcare IT, Alidaide / Jif / GrandRounds / DrOnDemand
    • Consultant at Stanford and Harvard Med – served in Obama Administration, prior at McKinsey
    • 20% of economy is healthcare, aligning incentives and getting people to use it is the main challenge
    • Main changes as byproducts of recent: amazing glut of new information, changes to incentives
      • Healthcare was textbook information asymmetry (getting 90% of doctors/hospitals on board with payment models and data coordination)
      • Consolidation on the providers side which has killed competition and innovation, increased prices
    • Way that care is delivered is one of the biggest challenges – matching right person to the right doctor leads to better outcomes
      • No matter how expert a doctor is, they can’t know everything
    • He didn’t believe that regulators are a big challenge because they’re looking to help the right cases
      • Imagination and scoping solutions to be massive
    • Find joy in what you do every day – skipping the ‘do a job for x years before getting into a job that you like’
      • Trying to make healthcare better each day, if possible
      • The System by 1983 Clinton failure
  • Technological Trends with Fred Wilson, Union Square Ventures & Chris Dixon, Crypto GP at a16z (a16z from Sep 24, 2018)
    • Cars as software / hardware (talking of Elon’s OTA push for services) when Ford broke down often the innovation was a bunch of service centers
    • Google Maps as the app for ALL car service providers (default interface for dispatch of any medium – cars, bikes, scooters)
      • Wants this to happen for functionality
    • Google made advertising was the monetization of internet usage (explorer, outlook, etc…)
      • Thinks crypto would be the similar disrupter (look at movies from the 1990s)
      • Dotbomb game that turned into nearly ALL the current unicorns – needed bigger broadband
      • Youtube needed social sharing and broadband – existed as destination previously, eyeballs/stickiness that prevented wide distribution
    • Cloud infrastructure still pushing innovation, developer experience (10+ years)
      • Cloud as 3 player game – Microsoft, Amazon, Google and enterprise customers
    • He said 90% of developers and start-ups are on AWS and eventually can move to others
      • In enterprise, you have biggest winner as 3x as second, then 3x as 3rd, etc…
      • More room for players, but people treat it as first-movers or incumbents are the toughest
    • Making it possible for everyone to invest in high growth opportunities in capital growth – ICO is complex
      • Allow early adopters to be early investors with tokens – combining them (Tech & Money)
      • In tech, substitutes aren’t the big battles – it’s the combination of experience, ads appearing (hot dog vs hamburgers or buns)
      • Commerce vs ecommerce (IRL commerce, transition period) – emotes, digital motes and resources, domain names
    • Esports as more innovative – real sports will go by the wayside of vinyl, horse riding, etc…
      • Similar to crypto goods and internet domains
      • Shifting digital scarcity (songs aren’t scarce because you can share them – experience is)
      • Business model innovation
    • Internet move initially was moving media / goods to the internet (newspaper, songs)
      • What’s the NEXT move? Bitcoin – mining/release over time, for instance compared to porting
      • Numerai playing with staking (Skin in the Game – Taleb) – crypto-tokens make it easy to do.
        • Governance, on-chain

logo

  • Carey Lai (@laicarey), Managing Director with Conductive Ventures (Wharton XM)
    • Talked about funding and proper allocations
  • Connecting the Dots author, John Chambers – former Cisco (Leadership in Action / Wharton)
    • 25 years with Cisco, leaders, culture – have to make mistakes with risks
    • Top 3 takeaways included taking risks, know your culture and know your strengths
    • One of the best leaders in talking was the Israeli leader, Shimon Peres, former Pres
    • Kissinger’s quote

Investing Profiles and How Businesses Adapt to Digital Age December 20, 2018

Posted by Anthony in Automation, education, experience, finance, medicine, questions, Uncategorized, WomenInWork.
Tags: , , , , , , , ,
add a comment

Producing valuations over the past couple years has allowed me an easy opportunity to keep up to date with an ever-changing sector – fintech. To see what has been done on the finance side with data as more and more is collected is fascinating. I think it’s great that more people are curating ideas on how it may be best for like-minded people to invest responsibly. Individuals, not just institutions, pensions and private practices should be comfortable in the process and be able to see how they want to be invested.

Happy holidays everyone and travel safe!

On to the notes:

OpenInvest_Logo

  • CSO of OpenInvest, Josh Levin (@joshlevin11) (Bay Area Ventures)
    • Talked about trying to find exactly what people want in funds
      • Example was green + gender focus (he said they don’t exist together, or they’d be expensive)
      • Gender focus does a lot of Oil + Energy (specifically oil, where women are on boards more often than other sectors)
        • Green energy might be another profile
    • People are increasingly wanting to be aware of what companies are doing and how they’re invested into these companies
  • Book – Go Long: Why Long-Term Thinking is Your Best Short-Term Strategy, Rodney Zemmel segment (Wharton XM)
    • Check
  • Grant Geiger, EIR Healthcare (Wharton XM)
    hnUveXWz_400x400

    • Started at Siemens Healthcare, eventually developed the first modular hospital room
    • Hospital of the future – rooms that can be converted as needed for patients
  • EQUILEAP founder, Diana van Maasdijk (Wharton XM)
    logo-equileap2@2x

    • Nonprofit foundation for accelerating gender equality in workplace
      • Focused on the ETF/Fund (but failed at statistics aspect of the fund – $2bn market cap ~3000 companies
      • Scored them on various equality / csr requirements, then back-tested
      • Said they outperformed (but didn’t note the survivorship bias)
  • Forbes Marketing, Director CMO, Stephen Diorio
    • How did Forbes continue to market?
  • Integrated Beverage Group CEO Ari Walker (Wharton XM)
    Integrated-Beverage-Group-S-with-text-dark

    • Former owner of Baroness Wines, grew to largest independent alcohol distributor in CO
    • Focused on innovative process in wine and spirits (engineering the flavors based on input from sommeliers and makers)

Engineers, Research & Starting Up! Also, Women in Work (Notes from Week of Nov 12 – 18) December 4, 2018

Posted by Anthony in education, experience, finance, global, questions, social, Uncategorized, WomenInWork.
Tags: , , , , , , , , , , ,
add a comment

Hello all! Hope everyone’s Thanksgiving went well and the start of December hasn’t been too cold. By California standards, we’re freezing. Literally only for a few minutes (frost warnings) and no snow in the bay area, but we’re used to much warmer weather. It’s delaying my morning routine. May have to zoom to Chicago and colder weather this weekend just to come back and act like it’s warm (comparatively). It’s definitely part of my hesitation in doing client engagements east of California.

The past few weeks were busy! Now that I have my Surface up and running again, though, we’re back in business. The week of notes came from a variety of people, primarily researchers we’ll say, who dove into businesses that sprung from that work. What did they learn in their time as operators? What did they learn in building / searching for funding?

Later in the week, as I was driving back to the Bay Area and attempting to avoid smoke inhalation, I caught the end of a women at work segment on Wharton’s Business XM channel with George Yancy (author of #MeToo article) questioning the foundation / construct of our environment that’s fueled the movement, as well as a very quick (but didn’t catch the name) piece of SheEO and HeyMama founders/members (?) that I’ll need to search further for. The women there were entrepreneurs that wanted a community of like-minded successes juggling family, life, work and everything in between. I bookmarked it as something to pass along to my sister and those I know who are questioning that juggling while venturing into family life.

Let me know what you think!

 

  • Fabrice Grinda, Super Angel at FJ Labs, BeepBeep (20min VC 072)
    • 200+ investments, start-ups, FJ Labs, former co-founder of OLX
    • Treats himself as an entrepreneur vs investor – built ebay-type company 18 years prior (late 90s)
      • From start, other entrepreneurs would come for advice as he gained traction and notoriety
      • Increased volume and pace of investments at start of 2000s (up to 20-30 in 08-09 and more)
    • No time to sit on boards – 200+ investments
      • Few % of ownership, don’t often lead rounds – lead VC A, seed and maybe a later one (3-5 board members only)
    • Deal flow from all kinds of people, LinkedIn, websites, etc
      • Has invested in 200+ companies which lends them to 500 founders and they can talk to them that way
      • Other countries where they may be able to invest, as well
    • Mentioned his 2014 book of What If?, Think Like a Freak
    • FlexPort and freight forwarding where B2B platforming, product people inline with end to end consumer bases
  • From Research to Startup, John Hennessey – chairman of Alphabet (a16z 10/6/2018)
    • RISC – sentence with hard words vs clear, precise English for faster computing
      • IBM and Deck in 1980s, first thing you had to do to find info was go back east and ask
      • Early 1980s initially invented architecture, dominant nearly flipped in late 1980s
    • Server cost is first, then the power or energy cost is next
      • Embedded space was the one where RISC made a breakthrough because of computing necessary
    • He was a reluctant entrepreneur (had a paper and figured people would take it and run – they didn’t because it didn’t sell east)
      • Gordon Bell came to him and said John would have to run a company
      • Said he thought engineering should get 50% of revenue (quickly learned sales needed them)
      • Selling to people was easier than to give it away and have impact
        • More you charge, more successful the implementation – people will have to commit
    • Had cut from 120 people to 80 and then give a TGIF speech on being a “great company”
      • 28% of Stanford’s endowment disappeared in financial dot-com bubble and meant the company couldn’t spend how it had
      • Decided a big cut to lean out was the method to continue forward
    • Technology licensing is like extracting blood vs being partners with the entrepreneurs (unis should get tech out there – be respectable of faculty, as well)
      • Wider range of experience and students will typically go into industry vs education
      • Universities are the hub of innovation starting – Silicon Valley elsewhere
        • SV has gotten larger over last 15 years (he said, no doubt, China is 1)
    • In leadership, humility as important, as long as you maintain ambition
      • “If I show weakness, my people will lose faith in me” – humble with a decision made
      • Talked about expanding Stanford (and now, changing education) – “Everyone should watch more Shakespeare”
        • How to leverage technology to get cost of education down, otherwise more and more expensive since they’re less able to save
          • Bryan Caplan’s “Case Against Education” (7/8 of education and out, don’t get 7/8 of value so the value is in the signal of the finish)
        • Interdisciplinary and how comp sci is a meta-discipline (algorithmically thinking)
    • Has been a shift from research at universities to industry, driven by data at Google, Microsoft, Facebook, Amazon
      • Prior industry research with IBM, Bell Labs pre-1980s, they had long-term driven research because they were all monopolies and could afford it
      • Waymo winning self-driving car with DARPA project was tipping point, Cisco as a different form of acquiring businesses with interesting tech
        • Spin-ins that have been immensely successful (send team out to develop, build a company, and then bring back in)
    • Computer Science and Women in the Business
      • 1980s they dominated the field until it absolutely blew up in the 1990s, and now it’s getting closer to critical mass
      • Tools are much more sophisticated and being able to learn
  • Author of #IamSexist article, George Yancy, prof of philosophy at Emory (Women@Work, WhartonXM)
    •  Author of Dear White People and the #IAmSexist articles that tried to deconstruct some of the inherent biases that many people grow up with
    • Clearly a majority of people aren’t blatantly racist or sexist, but rather it’s a construct of our environment that we’ve grown up in
    • He declared himself an Antisexist Sexist (has to fight his notions each day)
  • SheEO  & HeyMama (Wharton XM)

    • Community of empowering mothers / women in business, connecting them to discuss their problems/solutions juggling successful careers with life
  • James Borow, Chief Product Officer at Brand Networks (20min VC FF013)
    ea0a12559fc2ed14020ef506483ad012

    • Planned on being a lawyer – was at Vanderbilt, took off a year before graduating, and worked for an internet company
    • Deferred Georgetown (de-risked because he could do this), eventually met his co-founder of Shift
      • Created Buzzfeed before Buzzfeed (GirlsGuideToo?)
      • Had to programmatically get advertisers onto the social platforms before it was accessible
        • Educating clients in new market as difficult – reached a whole new audience as part of value pop
      • One marketing platform for all stakeholders and across all social networks (now vs then)
    • Make bets and invest to grow, mentors to help – not looking to reinvent the wheel (but can waste years figuring out your way)
      • Giving up equity to people for help – want investments and a piece to motivate them to help
    • Approached by Brand Networks because they were better at content – James’ team better at payments
      • As product focus, he can pay attention to things he wanted to do in the past
      • If weak in finance or product or anything, tell cofounders/advisors and get help
  • Karl Friston, Wired article
  • Shane Parrish

Funding Environment Experiences (Notes from Week of Oct 29 – Nov 4) November 14, 2018

Posted by Anthony in education, experience, finance, Hiring, social.
Tags: , , , , , , , , ,
add a comment

Unfortunately, I didn’t get the chance to really dive deep or go back and listen yet to some of the segments I happened to catch in the car. However, I included what they were for those that would love to check the companies out! On the ones I was able to sit through a majority of the segment / podcast, I did include more notes – and that was the theme for the week.

Different start-ups and founders had opinions from what they took from their experiences and how they pushed forward in building. Whether this included VC capital or what it took to get to that point varied.

logo-350x144

On to the notes:

  • CEO of NURX, Hans Gangeskar (Wharton XM, Bay Area Ventures)
    • Birth control and PrEP delivery to your doorstep – telemedicine platform offering birth control
  • CEO of Brex, Henrique Dubugras (Wharton XM, Bay Area Ventures)
    • Talking about not worrying about dilution – x% of $0 is nothing
      • How helpful YC was and why they thought it was worth it
    • Networking to full effect with his Brazilian heritage (reaching out and connecting for ~1 month initially, before making move)
  • Netflix article – Radical Transparency and Blunt Firings WSJ by Shalini Ramachandran (Wharton XM)
    • Reed Hastings and how he handled employees – very public firings with no counter to the claims
      • An executive or someone leaves, a letter gets sent out describing the transgressions
        • Can be detrimental to that Netflix career/network thereafter
      • How to improve upon everything
    • At Netflix, everyone is rated quarterly/monthly? To determine if they’re capable of staying longer with the company
      • Always wanting the best people
      • High turnover for Netflix but longer average time, due to growth rates
  • Do Investors in California Outperform the Rest – Eric ver Ploeg @everploeg (20min VC 070)
    • Founder of Adknowledge – EE PhD at Stanford with MBA, started Angorra and had hired his replacement as CEO
      • Had a board member that reached out to him for venture – his initial thought was that it was ~40 hours a week, even less without golf hours
        • Post dot-com crash, hadn’t maybe understood how bad things would get
    • Guys at VantagePoint (investors for Angorra) brought him in to the business
      • Without strategy, he compared a plethora of businesses available as having an AK-47 and being told to “shoot something”
        • With dot-com crash, he was able to hone in on what he should strategize with
    • 2 start-ups – 1 good, 1 bad (years of time that eventually went to 0)
      • Recognized that company CEOs working 60+ hours a week in a sector are the ones that have the expertise
        • He needed to recognize why only 20% of his suggestions would truly work compared to the other 80%
      • Role of board member would be to provide rationality and reason – be human if mistakes, potentially
    • Founders looking to raise – $ depends on business model, what you need to get to revenue traction or risk-reducing milestones
      • Don’t be outside the norm of valuation stages (cash flow positive, 18 months burn)
      • Later stage can take more money to scale faster, or grow slower but maybe cash flow positive
    • Talked about (deca-)unicorns – they would’ve long been IPOs and now they’re still private
      • Pension, hedge funds and institutional investors can’t get into small equity high growth in public markets
      • Have had to transition to private space
    • 37% of angels based in CA went to series A compared to rest of the world as 21%
      • He can see venture guys if he just goes to coffee shop in the bay area – advantage being there in general
    • Overhyped and underhyped sectors: he doesn’t understand food-delivery systems, blockchain and distributed authorization
      • Reduce transaction costs and remove friction for websites or other things (say, $.50 or $1 to process)
    • Mentioned Tomasz Tunguz’s blog that he reviews (excellent data and insights – less fluff)
  • Uberland author Alex Rosenblat, Researcher at Data Society (Wharton XM)
    • Interestingly enough – contractors / drivers are not capable of requesting the price
      • They can request a lower wage but not higher – so they wouldn’t do it
  • CEO and Co-founder of Benetech, Jim Fruchterman (Wharton XM)
    • Talking about how social good corporations will often be 20+ years behind the times
      • There is a need to change this – and can be done easily
  • Author of Soon: An Overdue History of Procrastination, Mark Goalston (Wharton XM)
    • Procrastination arouses such a weird dynamic for people
      • People realize they procrastinate but then will compare how ‘awful’ (re: awesome) they are – weird brags
  • Lea Dunn, Uwash professor (Wharton XM marketing)
    • Impact of Fear on Emotional Brand attachment
      • There is an association with items that you may see during fear-inspired events
      • Mentions Doritos strategy of 10+ years ago where they created a spooky game to play and had Doritos as a corner item, just the brand
        • Turned out there was a strong brand affiliation for the connection made in the game, despite not having it present in storyline
    • Did a study with volunteers seeing clips of movies (comedy, scary, action?) and then had some form of brand that was in the room with them
      • In the scary ones, the brand was more recognizable – food, candy, drink items, for instance
  • Straight Talk for Startups book, Jantoon Reigersman / Randy Komisar (Wharton XM)

Upstarts in Old Industries (notes from 10/15 – 10/21) October 28, 2018

Posted by Anthony in education, experience, Hiring, social.
Tags: , , , , ,
add a comment

I went to Tahoe last weekend with some of the family. It was a blast! My dad’s cousin had a few cool spots that we visited in the Sierras that had a bunch of trails and creeks/snow run-off flowing. Setting up a picnic there was a blast. I mention this, though, because he often comes that way to fish on his own. This day, however, was a bit easier than others. Why? Well, as we arrived, there was a family exiting – upon seeing my cousin’s pole, the father promptly exclaimed “Rough day – the kids and I tried and didn’t get any to bite”.

As we neared the creek, you could see the fish in mini schools. You could have brought a net and caught some fish by accident. Certainly the lumbering, aging trout. [Yes, I see that’s technically not a “bite” but the father could have easily said “caught”.] Undeterred, my cousin dropped the first few casts. Fish on!

Sometimes, the oldest industries and things most entrenched are the best ones. And not because they run efficiently, but likely because they’re running efficiently enough to stay. These can be ripe for innovation – optimizing, digitizing and cleaning to make them run smoother. The big feeder fish who have been a bit comfortable in a deeper part of a creek instead of flowing with the rest.

Pablos Holman of Singularity U and Intellectual Ventures had a recording of his live stream from the recent DataScienceGo conference go live. He talked about some of our stagnant fish above / low-hanging fruit where we should be using data in more impactful ways.

ah-logo-sm

Michael Ovitz stopped by the a16z podcast episode and discussed his bold entry into the entertainment / creatives industry when he founded CAA. They talked about the barrier to entry and large moat that could be traversed.

modsy_logo

Wharton XM radio had on Shanna Tellerman who talked about what sort of insights she had as she took AR/VR to the interior design space with her company Modsy. You can do the ‘virtual browse’ to see how pieces may fit a room or fit each other. Then, using that data, could make a room and drive customer interactions for more sales. Again, a space that wasn’t going anywhere – people have to inhabit places – and they prefer to make it their own.

Hope you enjoy. My brief notes from the week are listed below on those segments and a few others:

Week of October 15, 2018

  • Pablos Holman of Singular U / Intellectual Ventures Webcast / Livestream at DataScienceGo Conference
    • Finding the proper problems to build solutions for
      • Hindrance of some in the US (the 99% of America are in the top 14% globally)
      • Malaria outbreak and data forecasting, for instance – deployment of proper vaccination schedules, nets, etc…
        • Madagascar video
    • Uranium nuclear reactors as 0.3% efficient – nuclear waste in Kentucky, if efficiently used, could power 1000 years including growth
      • Building nuclear reactors for uranium waste
    • Silicon dioxide in tube with Helium balloons as option C or more to improve solar ray reflections
    • Machine vision as diagnostics (humans in cervical cancer detection – ~50%)… 95%+ accurate with machine
    • Vaccinations in Africa delivered in styrofoam coolers, building cooler for long travel and safe keeping
    • AI as tool for humans choosing what to do with it – building a future that we want
  • New Upstarts in an Old Industry, (a16z podcast – 9/25/18)
    • Michael Ovitz founded Hollywood talent agency with Ben, Hanne Tidnam
      • Firms had been well established with the greats and was trying to create a new, successful talent agency
    • Fundamentally reconceived the idea of an agent and what they are – going back to tradition of service
      • Couple with the talent back in the driver’s seat
    • Control was from 4 American studios, 5 book publishers, a scattered amount in Europe
      • Had a giant barrier to entry for new people compared to now
      • They decided to do a very deep, guidance and direct service
    • CAA was a different, systematic network – agencies took clients
      • Built in advice (marketing, technical, business)
    • “We don’t know the answer, but let us get back to you” was new initially in the space
    • Changed leverage from clients to talent
    • The Fox, Disney and other big guys in the space in 30s-50s were blunt, bold and doers
      • Admired these people who did what they said
      • Jurassic Park (no big movie stars – dinosaurs in present day) – gave it to Speilberg who read it in 12 hours and said I want to do it
        • Called other studios and writers who were annoyed because they had never gotten the chance to look at it
    • Enjoyed to know the end result as he was building pictures/screenplay/books/records
      • Foundation, then framework and getting the roof up (his house analogy)
    • Difference between SV and LA valleys – LA didn’t want anything to do with mistakes
      • Tech and valley always wanted to know, so they could avoid them
  • Shaun Francis, author of Eat, Move, Think and Founder/CEO of MEDCAN (Work & Life, WhartonXM)
    • Thought process, actual eating, moving and being active
    • Noted that when asked about his habits, he mentioned the eating and moving (but was prompted for the thinking)
      • Possibly much harder to be aware/cognizant, at least in a vocal way
  • Paul Harrington, PhD, professor in School of Ed and Director for Center for Labor Markets & Policy
    • Drexel studies, new report on “Skills and Earnings in the Full-Time Labor Market”
      • Report has more details on the detachment between college graduate rates and skill efficiencies
      • If bachelor’s degree wasn’t obtained, there was little difference found between earnings of college attendees and high school graduates
        • Conversely, skills weren’t determined by levels of education – though the skills gaps often widened
    • *Note to self to go back and listen to the episode again*
  • Founder of Modsy, Shanna Tellerman (Wharton XM)
    • 3D-based start-up acquired by Autodesk in 2010 and was with Google Ventures
    • Interior design solution for 3D capture and computer vision tools to enable seeing interior design with VR
    • Norwest Ventures was very helpful
    • When looking at the data of purchase history and tendencies, Shanna saw people were more likely to purchase more when people have option to see pieces go together
      • Compared to a couch that sticks around for 8-10 years and nobody buys another
        • Tech enables you to buy lamps, tables, accessories to go with everything else in the room
  • Hunterwalk’s blog by Hunter on Homebrew

Notes on 4 Segments – back to late ’15 and People in Work October 12, 2018

Posted by Anthony in experience, finance, Hiring, Uncategorized.
Tags: , , , , , , ,
add a comment

*/ Note – I think I’ll start including one of the logos/marks from one of the segments in my notes as features. Draw some more attention to these interesting companies/people!

Sometimes, I lament the fact that I only catch some of the radio segments midway or further through. I always wish I have the time to go back and finish or research more of the information. However, my notes initially are simply what I catch and then remember once I’m in front of my laptop again. So, if they seem incomplete – they are! However, it does remind me to go back and check it out at a later point (or when I can catch other parts of the segment in repeats).

With that said, here we go:

Week of October 1, 2018

  • Sean Seton-Rogers, founding partner at PROfounders Capital (20min VC 068)
    • VC fund for entrepreneurs
    • Learned the most during 2000 after crash, workforce reduction and doing everything to survive
      • Biggest lesson was that you need to have laser focus – doing too much is scary – must deliver one product amazingly well
    • At time, influx of US capital in European markets – got very expensive to get into high growth companies
      • Arbitrage play initially but now he thinks that there are lots of resources available for big companies ($1-10bn)
    • He looks to invest $1-3mln pounds, 7-10 people and invests early – prove his value to founders (definitely higher capital engages founders)
      • Bar is higher for proving your value for next rounds of financing
      • Have to be good to get next rounds, belief that company can grow
      • Early stage – he says that location does matter, meeting face to face in crucible – first proper employees, business dev deals, early stage
        • Bounce and converse ideas with – top level CEO and key management – PROfounders tries to be there for them
    • Europe was leaders in global music during 50s, 60s and still are – SoundCloud, Spotify, others
      • Fashion is another leader as a vertical – Milan, Paris, etc… still providing global leading fashion companies (List, etc…)
      • London is financial tech but Berlin is also up there
    • Talked about immigration issues in London or Berlin for global talent acquisition for the big operations and scaling people
      • Google, Facebook, Amazon, etc….
    • Crowdfunding, as Harry’s passion
      • Can skip the many meetings and questions of VC, less equity that they have to give up, different type of investor though (cash only)
        • Have to weigh if the different investor costs or if they want to raise more or price more
      • Sean said it can be great for entrepreneurs and it’s a challenge for investors (as competitors)
      • Quality of companies on crowdfunding platforms are increasing
    • Cryptonomicon by Neal Stephenson and Influence: Psychology of Persuasion (human body conditioned to respond)
    • Mike Morris at Sequoia as most successful of old, Chris Sacca of new people
  • Ben Nader, Founder CEO at Butterfleye (20min VC FF 011)
    • Born in middle east, migrated to United States, studied electrical engineering / hardware and electrical
      • Moved into product management, opened his eyes up to camera/videos while in college, though
    • Personal frustration toward products in market when he wanted peace of mind for his bikes in his garage (2011-2013)
      • Design decisions by the shortcomings of these products
      • Wanted an industrial designer to look/feel good product
    • In designing team, he lived in the Bay Area
      • Networking and friends of friends, angelist, LinkedIn for most connections
    • For the product, most cameras did 24/7 passive recording – decided to put a brain in camera for making sense of content (humans, pets, beings)
    • Connected devices – 20-30 people to give feedback (but he noticed 3-5 people would be enough because the rest would respond similarly)
      • Feedback on features being useful or not
    • Kickstarter and Indiegogo (they used this) was a great way for him to go and get customers – early adopters and shaping the last 10% of product
      • Can change software side, especially – had a chance in SF (indiegogo was closer to collab – both teams local)
    • Good angel investors – business case scenarios vs bad (asking what-ifs)
      • Jason C as first one (reached out on Angelist, initially) – talking about idea actively, what are you building, no stealth mode
      • Featured on Angelist – generated traction via feature – friends rounds for first investing checks after he put his savings in
    • Mentioned BeatsByDre and GoPro as good consumer brands (funny with GoPro tanking after public)
  • Danny Leffel, CEO and Co-founder of Crew App (Wharton XM)
    • Discussing how communication was crucial, end of the discussion
    • Belief that there should be very limited time spent on pitch decks or setting meetings
      • Said that he would spend capital trying to hire the right people – it’s the VC firms job to seek out start-ups they want to found
      • Startups become interesting because they have traction, interest and a place in people’s minds
    • He said that his role has been hiring the right people and getting the right metrics into place
  • Sally Thornton, founder and CEO of Forshay (Work Wharton XM)
    • Work/life blend and discussions with many people over past 7 years in work
    • Knowing clients and how they prioritize people and work culture
      • My question: is there a place that will publicly share team-by-team people metrics and match them with candidate metrics?
        • Can this be done? Has it been done?
      • They mentioned Apple is much more private team-wise than Google, for instance

Interesting Notes from Last Week October 4, 2018

Posted by Anthony in education, experience, finance, global, Uncategorized.
Tags: , , , , , ,
add a comment

First week of my initial interesting thoughts on segments I listened to over the past week! Copying my notes below:

Week of September 24, 2018

  • Co-founder, CEO of Glow Michael Huang (Launch Pad Wharton XM)
    • Discussed working with his co-founder as Head of Product at Paypal – credibility in financing
    • Fertility, infertility community – massive growth for scale in China (post-single child, aging)
      • Applications, connecting community with providers (some large fertility clinics, some small and personable)
    • Large funding rounds and how difficult it was to initiate a feeling of what it’s like to go through these experiences
  • SC0x MIT Video 6
    • Why is it so difficult?
      • Metrics – how do you measure a system?
        • Trade-off of Breadth vs Validity of metrics
        • Outcome-based logistics – perfect order, perfect shelf
      • Politics and Power of Players – Who Wins?
        • Mom and pop vs megastores
        • Mega retailers vs mega CPG manufacturers
      • Visibility – who can see what and how quickly
        • Data stored separately
        • All parties don’t have equal access to data
        • Massive data does not equal shared and accessible information
      • Uncertainty – who knows what’s going to happen?
        • Variable demand of product (shorter lifecycles)
        • Variable manufacturing yield
        • Unreliable sourcing of raw materials
        • Inconsistent transit lead times
      • Increased complexity – why is it getting harder?
        • Exploding number of SKUs
        • Higher and diverging customer demands
        • New and merging channels (omnichannels) – online, stores, replenishing, different chains
      • Global operations – Why don’t we ever close?
        • Most firms source and sell globally
        • Multiple regions, time zones, languages and cultures
  • Steve Johnson, author of Farsighted (Knowledge at Wharton)
    • Discussing why there isn’t really an update to pros/cons list
    • Long-term decisions – how do we decision map
      • Considering alternative solutions, especially when it’s a ‘do this or don’t do that’ initially
      • Processing out “what if / how does this go poorly?”, “what about if it’s best?”, “what makes it weird?”
      • Ex: moving for a job (uses his own case of moving to bay area)
  • Gina Fyffe, CEO of Integra (Dollars & Change)
    • Talked about a discussion with a Serbian Uber driver who was concerned about the dependency Serbians back home had on aid
      • How do we better get rid of dependencies in times of crisis?
    • Mentioned a case where a simple task like building a water well close to villages can save a ton of time, but more importantly
      • Build it with a shovel and show them how to do this instead of Caterpillar tractor or something that would be too expensive to maintain
    • They’ll offer money to people that have a passion to do something meaningful, but it doesn’t always pan out
      • Therefore, they don’t write initial big checks
  • Mike Todasco, Director of Innovation at PayPal, (Work of Tomorrow – Wharton XM)
    • Increasing the creative output of employees across company
    • Before PayPal, he was founder/CEO of eCommerce marketplace Sketch Maven
      • Spent 4 years as Director of Strategy, heading up m&a and strategic planning at NewPage, portfolio company of private equity firm Cerberus

 

One thing I recognized for the week is that I didn’t get a chance to listen to any podcast episodes (20min VC, a16z or Data Skeptic). I did, however, start EdX’s MIT Supply Chain Analytics course, which has been a good, fairly comprehensive foundation (for me, review) of optimization and how it applies in various parts of the supply chain. Gina’s segment was fascinating to me in finance and how different many countries are in their services and day-to-day lives. There are a ton of opportunities in other countries to just simply “catch up” to things we may be used to, but this has to be done in an intelligent manner. Then, I added Steve Johnson’s Farsighted to my book list – simplicity repeated is important, and he discussed our decision-making plans or maps haven’t changed dramatically.

%d bloggers like this: