Techstars

Maëlle Gavet is the CEO of Techstars, a pre-seed investor focused on early-stage entrepreneurs. It boasts a market cap of $111.6 billion, and supports founders in programs that span from Tokyo to Lagos to Alabama. Maëlle champions hard work, gratitude, and a questioning nature, qualities her grandfather imparted while she was growing up in France. She has carried her curiosity through a wide-ranging international career, in start-ups and scaled corporations. We hear lessons drawn from her vast experience, including the transformation of Ozon — the "Amazon of Russia" — in the early 2010s, to leadership roles in global travel and real estate. And we get a sample of the advice she often shares with Techstars’ founders, about how to balance their values and the needs of their company, always with an optimism about entrepreneurship as a force for good. Read a transcript of this episode: https://mastersofscale.com Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Maëlle Gavet

CEO

Techstars

In this episode, we chart the course of AI entrepreneurship with Techstars Director Tricia Martínez, discussing the challenges, strategies, and success stories behind building and scaling AI startups in today's competitive market. Invest in AI Box: https://Republic.com/ai-box Get on the AI Box Waitlist: ⁠⁠https://AIBox.ai/⁠⁠ AI Facebook Community Learn more about AI in Music Learn more about AI Models See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tricia Martínez

Director

Techstars

(0:00) Jason Kicks off the show (2:49) Brad Feld, Co-founder of Foundry, talks about starting out in investing (13:30) LinkedIn Jobs - Post your first job for free at https://linkedin.com/angel (14:56) Brad’s thesis for whom he’ll get in the “trenches” with (20:48) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups (22:22) Fighting to the end + Investing through the dot-com bubble (38:13) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups (39:43) Surviving the GFC (44:23) Brad’s perspective on the investor/CEO dynamic + being a leader in a down market (1:00:02) Reflecting on the speculative asset bubble (1:16:44) Looking forward into 2023 FOLLOW Brad: https://linktr.ee/bfeld FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

The tech industry and its investors have been captivated by the spell of the Unicorn for too long — and the ambitious goal of a billion-dollar valuation has done more harm than good. Instead, founders should aim to be resilient dragons. That's the view of Maëlle Gavet, who as CEO of early-stage investment business Techstars has unmatched insight into the hopes, dreams, and challenges of thousands of founders. Maëlle also shares her experience as a “Fixer and Scaler” and offers important lessons for all entrepreneurs, from pre-seed start-ups to corporate change agents. Read a transcript of this episode: https://mastersofscale.com Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Maëlle Gavet

CEO

Techstars

Check out The Startup Community Way: https://rb.gy/onxkwm FOLLOW Brad: https://twitter.com/bfeld FOLLOW Jason: https://linktr.ee/calacanis

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

Brad Feld is a Co-Founder and Managing Director @ Foundry Group, one of the most successful venture firms of the last decade with a portfolio including the likes of Zynga, Fitbit and Sendgrid to name a few. Brad is also a co-founder @ Techstars and prior to Foundry, he co-founded Mobius Venture Capital. Tracy Lawrence spent the last 8 years as Founder & CEO @ Chewse, the startup that it effortless for office managers to order delicious food for their teams. Tracy grew the team to 300 people across 4 markets, raised millions in venture capital, and ultimately sold the business to Foodee. Jerry Colonna is the CEO of Reboot.io where he is now the professional coach to some of the world's leading founders. Prior to his work with Reboot, Jerry was an early-stage VC co-founding Flatiron alongside Fred Wilson in 1996. In Today's Episode You Will Learn: 1.) How did Brad, Jerry and Tracy all experience their first forms of depression? At what stage did it become a more prominent part of their life? Why do they think then was the catalyst? 2.) Why does Jerry believe that despite what people say, no one is crushing it? How can founders present their vulnerability as a strength? At what point did Tracy realise this? How did she convey her vulnerability to her team? Who is to blame for the lack of vulnerability and fear of opening up? 3.) How does Brad think about tying happiness to milestones? What are the biggest dangers of doing so? Does this mean one does not have goals? How does one balance between ambition and appreciating the present? How did Brad learn this when Amy asked for a divorce? How did he respond? 4.) Why does Brad believe fear, guilt and anxiety are useless emotions? What was the result of Tracy tying her mental state to her revenue line? How does Tracy think about the loneliness of being a founder? What does Brad believe is some of the biggest BS in the industry? As always you can follow Harry and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

Tracy Lawrence

Founder & CEO

Chewse

Jerry Colonna

Co-founder and CEO

RebootReboot.io

Brad Feld — The Art of Unplugging, Carving Your Own Path, and Riding the Entrepreneurial Rollercoaster | Brought to you by Laird Superfood, Theragun, and Thrive Market. "Brad, they can’t kill you and they can’t eat you. Suit up." — Len Fassler Brad Feld (@bfeld) is the author of two new books: The Startup Community Way and the second edition of Startup Communities. He has been an early-stage investor and entrepreneur since 1987. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures. Brad is also a co-founder of Techstars. Brad is a writer and speaker on the topics of venture capital investing and entrepreneurship. He’s written a number of books as part of the Startup Revolution series and writes the blogs Feld Thoughts and Venture Deals. Brad holds bachelor of science and master of science degrees in management science from the Massachusetts Institute of Technology. Brad is also an art collector and long-distance runner. He has completed 25 marathons as part of his mission to finish a marathon in each of the 50 states. Please enjoy! This episode is brought to you by Laird Superfood. Founded by big-wave surfer Laird Hamilton and volleyball champion Gabby Reece, Laird Superfood promises to deliver high-impact fuel to help you get through your busiest days. Laird Superfood offers a line of plant-based products designed to optimize your daily rituals, from sunrise to sunset. My favorite two products are their Turmeric Superfood Creamer and Unsweetened Superfood Creamer. I put one of them in practically everything. Both can really optimize your daily coffee or tea ritual, and a $10 bag will last you a long time. For a limited time, Laird Superfood is offering you guys 20% off your order when you use code TIM at checkout. Check out lairdsuperfood.com/tim to see my favorite products and learn more. * This episode is also brought to you by Theragun! Theragun is my go-to solution for recovery and restoration. It’s a famous, handheld percussive therapy device that releases your deepest muscle tension. I own two Theraguns, and my girlfriend and I use them every day after workouts and before bed. The all-new Gen 4 Theragun has a proprietary brushless motor that’s surprisingly quiet. It’s easy to use and about as quiet as an electric toothbrush. Go to Theragun.com/TIM right now and get your Gen 4 Theragun today, starting at only $199. * This episode is also brought to you by Thrive Market, which saves me a ton of money and is perfect for these crazy times. Thrive Market is a membership-based site on a mission to make healthy living easy and affordable for everyone. You can find all types of food, supplements, nontoxic home products, clean wine, dog food—just about anything. Members earn wholesale prices every day and save an average of $30 on each order. I personally saved $39 on my most recent order. Go to ThriveMarket.com/tim to give Thrive Market a try! You can choose the membership model that best fits your lifestyle. They have affordable one-month and 12-month options. When you go to ThriveMarket.com/tim, you can receive up to $20 in shopping credit. Start a risk-free membership today, as you can cancel for any reason within your first 30 days for a full refund. *** If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit tim.blog/podcast. Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday. For transcripts of episodes, go to tim.blog/transcripts. Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor. Discover Tim’s books: tim.blog/books. Follow Tim: Twitter: twitter.com/tferriss Instagram: instagram.com/timferriss Facebook: facebook.com/timferriss YouTube: youtube.com/timferriss Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

0:43 Jason intros TechStars CEO David Brown 4:47 TechStars leading the virtual accelerator trend 10:21 Will TechStars go with a hybrid model going forward and what key points should remote accelerators focus on? 15:27 How did TechStars settle on the number of 10 companies per cohort? 17:28 What has TechStars seen across their portfolio since COVID started? 21:21 Sustained changes vs. temporary changes due to COVID, will COVID lead to more entrepreneurs? 31:58 How to explain edge-case funding scenarios to founders who have real businesses that are having troubling raising capital, taking a long-term view on accelerator engagement, why B2B is easier than B2C 36:22 Why angels invest in one company over the other? Do metrics matter as much as personal relationships? What are ideal founder characteristics that David looks for? 40:25 How TechStars selects mentors by surveying their mentees, comparison against Y Combinator 51:45 Opportunity for going global, David's relationship with Co-Founder David Cohen 1:00:30 Would TechStars ever go public?

David Brown

CEO & Co-Founder

Techstars

Amos Schwartzfarb has invested in and worked hands-on with over 50 startups at Techstars. The biggest pattern he sees in failed startup sales? Founders target everyone and close no one. His consultative selling SaaS approach flips that - narrow your ICP until you close 100% of deals. Amos breaks down the W3 SaaS sales framework - Who, What, and Why - the same playbook he teaches pre-Series A companies. One founder narrowed to 300 potential customers and built a $10M+ business without expanding beyond that segment. The consultative selling SaaS method prioritizes founder selling and deep customer understanding over volume. His five-step process (Identify, Prove, Repeat, Scale, Retain) treats early deals as experiments, not celebrations. Most founders spend too long building and not long enough selling - they mistake green unit tests for customer validation in their startup sales process. Key Lessons 🎯 Narrow your ICP until consultative selling SaaS closes at 100%: Define your ideal customer so specifically that every prospect says yes, then expand one attribute at a time - one founder targeted just 300 accounts and built $10M+. 🤝 Use the W3 framework before building any consultative selling SaaS process: Know exactly Who your customer is, What they actually buy, and Why they buy it - without these, even the best product won't sell. 💰 Test startup sales pricing by watching prospect reactions: If no one pushes back on your price, you're probably too cheap. Charge what you think is right, then adjust based on real conversations. 🧠 Stop building and start founder selling sooner than feels comfortable: Amos sees founders spend months perfecting products instead of talking to customers - code satisfaction is not customer validation. 📉 Broad targeting kills early SaaS sales framework momentum: Saying "we sell to healthcare companies" guarantees your pitch resonates with nobody. Layer specific attributes until prospects feel you built just for them. Chapters Introduction Amos's favorite quote and Robert Frost poem Why the road less traveled matters Background at Techstars Austin Managing director role and 50-company portfolio Serial entrepreneur backstory How the book Sell More Faster came about Book overview and framework simplicity The W3 consultative selling SaaS framework - Who, What, Why Narrowing your ICP until it hurts How to explain narrow TAM to investors Defining the What - what customers actually buy The Why - understanding purchase motivation Five-step process: Identify, Prove, Repeat, Scale, Retain Testing and iterating on pricing Common mistakes founders make with early sales When to hire your first salesperson SaaS Club Plus Q&A session Lightning round Where to find Amos and the book Resources Full show notes: https://saasclub.io/233 Join 5,000+ SaaS founders: https://saasclub.io/email

Amos Schwartzfarb

Managing Director

Techstars

Brad Feld is Managing Director @ Foundry Group, one of the most successful venture firms of the last decade with a portfolio that includes the likes of Zynga, Fitbit, SendGrid and many more incredible companies. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures. Brad is also a co-founder of Techstars, the worldwide network of entrepreneurs in 150 countries and 300,000 alumni. Brad is also the co-author of the incredible, Venture Deals, for your chance to win a signed copy email venturedeals@foundrygroup.com with the code "First Episode". In Today's Episode You Will Learn: 1.) How Brad made his way into the world of venture following 40 angel checks and how that led to his co-founding Foundry Group? Why did Brad find the transition from angel to VC in the early days such a challenge? What 2 core things did he focus on when writing angel checks? How has that changed now as a VC? 2.) How did seeing the boom and bust of the dot com impact Brad's investing mindset today? How does Brad think about investing through market cycles and the right way to think about investment cadence? Why does Brad believe that to be successful as a VC you have to be fundamentally optimistic? 3.) Where does Brad believe we are today in the cycle? Does he agree with Bill Gurley on the biggest challenge being the "oversupply of capital"? What must entrepreneurs understand with regards to market cycle dynamics and how they can and need to future-proof their business? 4.) From analysing his best investments, why has Brad come to the conclusion that TAM in the early days is really not helpful? What are the commonalities in how Brad's most successful companies approach experimentation? 5.) What does Brad mean when he says, "don't have fake CEO or fake VC days"? What does he mean when he often says, "run your fucking business"? What in Brad's mind would constitute a "fake day" vs moving the needle for your business? What does Brad think is the best way for VCs to truly get to know one another? Why is, "hey let's do a deal together one of the most hollow and fake statements in venture?" 6.) Brad has sat on some of the most meaningful boards of the last 2 decades, what have been Brad's biggest learnings on what it takes to be a great board member? How does that change with the progression of your career? What advice would Brad give to me, having just gained my first board seat? If the VC does not support the CEO, what is the right process? Why does Brad believe the VC should work for the CEO? 7.) What is Brad's biggest advice when it comes to learning how to say no? What advice does Brad hear most often that he commonly disagrees with? Why does Brad feel we are in a moment of peak noise in the ecosystem today? To be a great leader, what 2 skills does Brad believe you need to have? Items Mentioned In Today's Show: Brad's Fave Book: Reboot: Leadership and the Art of Growing Up by Jerry Colonna, The Moment of Lift: How Empowering Women Changes the World by Melinda Gates Brad's Most Recent Investment: Boundless As always you can follow Harry, The Twenty Minute VC and Brad on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

David Cohen is the Founder and co-CEO of Techstars, the worldwide network that helps entrepreneurs succeed. To date, David has backed hundreds of startups including the likes of Uber, SendGrid, Twilio, ClassPass, PillPack and more. In total, these investments have gone on to create more than $80B in value. Prior to Techstars, David was a co-founder of Pinpoint Technologies which was acquired by ZOLL Medical Corporation in 1999. Later, David was the founder and CEO of earFeeder, a music service that was sold to SonicSwap. If that was not enough, David is also theco-author (with Brad Feld) of Do More Faster; Techstars Lessons to Accelerate Your Startup. In Today's Episode You Will Learn: 1.) How David made his way from, his words "geeky hacker" to the founder of one of the world's largest accelerators, Techstars and investor in multiple unicorns? 2.) What does David mean when he says that when assessing founders he studies "the moment of integrity"? What does he want to see from founders in those moments? What are some potential red flags? If a negative response, what are the subsequent actions an investor must take in this situation? 3.) How does David think about the right time to establish a board? What are the benefits of establishing your board with the seed round? What does David believe is the key to highly efficient boards? How has David changed as a board member over the years? Why does David believe, when building a company, "you always have to have a pessimist in the room"? 4.) When negotiating deals, what does David mean when he says "the terms must match the story"? How does David determine between a bridge and a bridge to nowhere? What can investors do to protect themselves if the targets of the business are not met and they have an uncapped note in place? How should they communicate this? 5.) Techstars today invests in over 500 companies per year, how does David think about reserve allocation across the portfolio? How does David feel about stack ranking portfolio co's quarterly and concentrating capital accordingly? Why is this not effective? Why should seed and angel investing be an entirely different asset class to VC? Items Mentioned In Today's Show: David's Fave Book: The Soul of Money: Transforming Your Relationship with Money and Life David's Most Recent Investment: Ordermark As always you can follow Harry, The Twenty Minute VC and David on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

David Cohen

Founder & co-CEO

Techstars

Brad Feld is one of the world's leading VCs having Co-Founded Foundry Group, Brad has made investments in the likes of Zynga, Makerbot and Fitbit, just to name a few. Brad is also Co-Founder of Techstars, one of the world's most prominent startup accelerators, whose portfolio companies have raised over $1.3bn in funding. If that wasn't enough Brad is also a best selling author having co-authoured Venture Deals: Be Smarter Than Your Lawyer and VC and Startup Communities: Building An Entrepreneurial Ecosystem In Your Community. In Today's Episode You Will Learn: How Brad made his way into the world of VC and came to found Foundry Group? Brad has previously stated that companies can be segmented into 3 different core components? What does he mean by this? How can startups be structured internally for scalability? Why does Brad hate the word culture? How should culture be viewed and approach internally within startups? How has Brad seen his personal development with regards to being a board member? What has he got better at? What does he believe makes a great board member? Why is CAC the easiest metric to game in SaaS? How should the CAC/LTV ratio be approached? How can entrepreneurs use this to attract VC investment? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Brad Feld If you have a digital product, whether it's mobile or web, Amplitude's product analytics helps you understand what your users are doing, iterate and ship product faster, and drive metrics like engagement and retention. To learn how you can use analytics to build a sticky product that grows your business, get your free copy of the Product Analytics Playbook from Amplitude. This 155-page book (with worksheets) will help you develop a comprehensive retention strategy for your product — just click here to download. User education is one of the most powerful ways to increase engagement and retention at scale, yet is often put in the too hard basket. Elevio is the platform that removes this burden, empowering your users to self-serve contextually relevant help via their support widget and embeddable elements, increasing retention and engagement, while reducing support load. Elevio even tells you what content to add or fix and why based on usage trends from your users. Preventing content rot, and increasing coverage, which we all know is an ongoing challenge. You can also integrate with your existing support stack for content, access to live-chat, support tickets and more. Use elevio for continuous user education with 20% off your first year at (elev dot I O / saastr) using coupon code GOHARRY

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

Brad Feld is one of the world's leading VCs having Co-Founded Foundry Group, Brad has made investments in the likes of Zynga, Makerbot and Fitbit, just to name a few. Brad is also Co-Founder of Techstars, one of the world's most prominent startup accelerators, whose portfolio companies have raised over $1.3bn in funding. If that wasn't enough Brad is also a best selling author having co-authoured Venture Deals: Be Smarter Than Your Lawyer and VC and Startup Communities: Building An Entrepreneurial Ecosystem In Your Community. In Today's Episode You Will Learn: How Brad made his way into the world of VC and came to found Foundry Group? Brad has previously stated that companies can be segmented into 3 different core components? What does he mean by this? How can startups be structured internally for scalability? Why does Brad hate the word culture? How should culture be viewed and approach internally within startups? How has Brad seen his personal development with regards to being a board member? What has he got better at? What does he believe makes a great board member? Why is CAC the easiest metric to game in SaaS? How should the CAC/LTV ratio be approached? How can entrepreneurs use this to attract VC investment? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Brad Feld

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

David Cohen is the founder and managing partner at Techstars, so a few amazing stats on techstars first, they have a total of 762 companies of which 90% are active or have been acquired, having raised more than 2bn in funding, as for David he is a serial entrepreneur having founded Pinpoint Technologies which was acquired by ZOLL Medical Corporation in 1999. and David was also the founder and CEO of earFeeder.com, a music service which was sold to SonicSwap.com in 2006. In Today's Episode You Will Learn: 1.) How David made the transition from Founder to VC with Techstars and Fund I? 2.) Fund I is one of the most successful funds in history; what was the structure with Fund I? Why did David choose a $5m fund size? How did he decide initial to follow on ratio? 3.) Why was David so valuation sensitive with Fund I? Why was David so rigid on a consistent cheque size on Fund I? 4.) Why did David decide to expand from being a solo GP fund? What are the challenges and complexities of fund scaling and did David approach this? 5.) Question from Ari Newman: What does David think about uncapped notes? Why does David like big boring companies? Brett Jackson: How did you meet Ryan Graves @ Uber and how did the Uber deal come about? Jason Seats: Where does David still see inefficiencies in the current venture model? Items Mentioned In Today's Show: David's Fave Book: The Soul Of Money David's Fave Blog: Mattermark Daily As always you can follow The Twenty Minute VC, Harry and David on Twitter here! If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Snapchat here! If you are looking to make your move into the world of VC or improve your investing skills, Venture Capital Unlocked: Secrets of Silicon Valley Investing is a must! It is a 2 week crash course at Stanford run by Stanford Professional Development Centre and 500 Startups. You will learn the mechanics of all things Silicon Valley investing, check it out here. The Twenty Minute VC is brought to you by Leesa. Leesa is like the TOMS Shoes or Warby Parker of the mattress industry. Here are 3 reasons why they are the best place to get your new mattress: Leesa has done away with the awkward mattress showroom experience by allowing a fully online experience, shipping to your doorstep for free. Their 10 inch mattresses come in all sizes and is crafted with 3 unique layers o foam including2 inches of memory foam and 2 inches of really cool latex like foam design to keep you cool. All Leesa mattresses are made 100% in the US or UK and they give you a 100 night trial, to make sure the mattress is perfect for you. Go to leesa.com/VC and enter promo code VC75 to get $75 off!

David Cohen

Founder & co-CEO

Techstars

Brad is an incredibly successful investor, having founded the Techstars accelerator and Foundry group, and he's also also known as one of the kindest guys in the business. In this episode, we talk about how Brad rejects the term career, his principles of time management, why he doesn’t have kids, mental health and startups, romantic relationships, ego management, and much more. As one listener remarked, this episode is basically a how-to on life. Edited by @alexkontis

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

Brad Feld is one of the world's leading VCs having Co-Founded Foundry Group, Brad has made investments in the likes of Zynga, Makerbot and Fitbit, just to name a few. Brad is also Co-Founder of Techstars, one of the world's most prominent startup accelerators, whose portfolio companies have raised over $1.3bn in funding. If that wasn't enough Brad is also a best selling author having co-athoured Venture Deals: Be Smarter Than Your Lawyer and VC, alongside Dick Costolo and Startup Communities: Building An Entrepreneurial Ecosystem In Your Community. In addition to his investing and writing, Brad has been active with several non-profit organizations and currently is chair of the National Center for Women & Information Technology and co-chair of Startup Colorado. Brad is a nationally recognized speaker on the topics of venture capital investing and entrepreneurship and writes the widely read blogs Feld Thoughts, Startup Revolution, and Ask the VC. In Today's Episode You Will Learn: 1.) How Brad made his move from entrepreneurship to VC and later co-founding, The Foundry Group. 2.) Does Brad agree with the view that it is important for entrepreneurs to fail? 3.) Why did Brad turn Fitbit down on 1st opportunity and what changed the 2nd time? 4.) What gets Brad excited in a startup? What areas are Brad most interested in? 5.) What is the main characteristic that makes the Foundry Group the huge success it is? Items Mentioned In Today's Episode: Brad's Fave Business Books: 1.) Zen And The Art Of Motorcycle Maintenance by Robert Pirsig 2.) Hot Seat by Dan Shapiro Brad's Fave Blog or Newsletter: Fred Wilson's Blog, Dan Primack: TermSheet, MatterMark Daily Brad's Most Recent Investments: GlowForge: The 3D Laser Printer, Sphero As always you can follow Harry, The Twenty Minute VC, Brad and Foundry Group on Twitter here!

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

Why do so many-government led efforts to build the next "Silicon Valley" in one geography or another fail? Is it misguided to even try? But then what does make such innovation clusters work? In this segment of the pod a trio of expert guests -- AnnaLee Saxenian, Dean of the UC Berkeley School of Information and a longtime researcher/observer of regional competitive advantage; VC Brad Feld and writer on startup communities; and entrepreneur and investor Christopher Schroeder, who covers startups rising in the Middle East and most recently wrote about the tech phenomenon in Iran -- tackle the question of how innovation ecosystems grow. The discussion delves into how innovation is being spurred differently (or stifled) in places like China and Iran; whether there are cultural differences in attitudes for failure or about entrepreneurship; and if regulatory arbitrage is one way for regions to get ahead. Stay Updated: Find a16z on YouTube: YouTube Find a16z on X Find a16z on LinkedIn Listen to the a16z Show on Spotify Listen to the a16z Show on Apple Podcasts Follow our host: https://twitter.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AnnaLee Saxenian

Dean

UC Berkeley School of Information

Brad Feld

Managing Director

Foundry GroupFoundryTechstars

Christopher Schroeder

Entrepreneur and Investor

Tak Lo is Director at Techstars, helping entrepreneurs do more faster - on both sides of the Atlantic through Techstars London and Techstars NYC. Tak is also Founder at Travelst and Frontlyst. Prior to his road into entrepreneurship, Tak was a Consultant at Deloitte, Booz Allen Hamilton and was a specialist in the US ARMY. In today's incredible episode Tak shares his lessons from his own startup experience, the required reading for all entrepreneurs and of course when thinking TechStars, how can we not discuss the man himself, Brad Feld, and how Tak has adopted Brad's use of open office hours. Items Mentioned in Today's Show: Must Read Tech Blogs: Fred Wilson, Brad Feld Thoughts, Tomas Tunguz: Redpoint Capital, Christopher Janz: Point Nine Capital Must Read Books: Team of Rivals: The Political Genius of Abraham Lincoln, Adam Grant: Give and Take, Peter Thiel: Zero to One, Ben Horowitz: The Hard Thing About Hard Things Must Have Apps: Buffer: Save Time On Your Social Media, Feedly: The Stories You Need To Keep Ahead Networking Tools: Silicon Drinkabout, Meetup Team of Rivals Adam Grant: Give and Take Peter Thiel: Zero to One Ben Horowitz: The Hard Thing About Hard Things In Today's Episode You Will Learn: How and why Tak made the transition first from the army to a career in consulting and then what made Tak take the entrepreneurial route and start his own company? Tak is renknowned for the amazing service and contribution he brings to every startup. What services does Tak bring and what does Tak feel all entrepreneurs and advisors must add? Does Tak back singular founders, or does he prefer a founding team? Tak is a Specialist on Leadership, for founders wanting to gain or develop their leadership skills, what can founders do, read or learn to further their leadership skills? For individuals contemplating moving into the tech world, how do they know which is the right job? Are there any immediate aspects they must look for or be wary of? What are the biggest misconceptions of the tech industry? How can people find out about networking events What sector Tak believes is the next to be disrupted and why? What is the premise behind Brad Feld's 'Open Office Hours'? Why has Tak decided to adopt this tactic? What does Tak hope to gain from it? How is it going so far? We then finish today's episode with a lightning round, hearing Tak's thoughts on the greatest leader and why, the future of the asian tech market, his favourite book and why and his most recent investment and why he said yes? Follow Harry, Tak, The Twenty Minute VC

Tak Lo

Director

Techstars

Greg Rogers is Managing Director at Techstars, the world’s leading accelerator programme for early stage technology start-ups and is responsible for the Barclays Accelerator. Prior to joining Techstars, he spent eleven years in New York City as an entrepreneur and senior manager. Most recently, he was founder and CEO of Pictela, a super rich media technology company that was acquired by AOL in 2010. An active angel, Greg was an early investor in Schedulicity and has recently co-founded SmartUp, a new ed-tech company with Frank Meehan (Siri), Brent Hoberman (Lastminute.com), and Barry Smith (Skyscanner). Items Mentioned in Today’s Show: The Fundraising Rules by Mark Peter-Davis Brent Hoberman, Frank Meehan, Jon Bradford LastMinute.com Aire DoPay Squirrel In today’s episode you will learn: 1.) How Greg got into the TechStars world? 2.) What attracted Greg to the the Fintech space and how has he seen Fintech develop over the last 5 years? 3.) What areas within the Fintech space Greg finds most interesting and why? 4.) What does Greg see the future of Fintech looking like? Does he see any trends arising in the space in 2015? 5.) What does Techstars offer startups and what do they take in return? 6.) What does Greg think are the characteristics of effective mentors? Are mentors necessary for startups in their early growth? 7.) What is Greg’s new venture, SmartUp. Who is involved and what are his plans for the future of SmartUp? We finish today’s episode with a quick fire round where we hear Greg’s plans for the next five years, what tip Greg would give Fintech entrepreneurs and the 3 companies from TechStars or Barclays Accelerator that Greg is most excited about and why?

Greg Rogers

Managing Director

Techstars