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20VC with Harry Stebbings
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Building a company is not for everyone.
Entrepreneurship & Commitment - Starting a venture capital-aligned business demands extreme dedication, potentially sacrificing 99% of other aspects of life [1] - The assumption that everyone can or should be an entrepreneur is incorrect [1][2] - Entrepreneurship is suited for a select group focused on solving significant global problems [2]
Why We Built Our Own Internal Software
Over the last year, we built our own Jira like product internally. So basically like ticket management at scale because being able to route the right tickets to the right person. So let's say you have a primary customer, you want to talk to payroll, you want to talk to HR, you want to talk to finance, whatever that is, being able to write your own tickets is very critical, right.And like no software was really agile enough to be able to do this. And now what we're launching like this week internally is like ...
One Question Every Founder Needs to Ask Their Investor
There are some core questions that you can ask to understand if they are the right investor for you. Rule number one, no policy. The best way to understand if someone is a good actor or a bad actor is to ask them in a case where an investment has not worked out, what did you do.Tell me the story. This is brilliant because it forces them to talk about a time where things have been tough and they have not made money. It also allows you to gain a reference.You are then able to call that entrepreneur afterwards ...
Are richer founders better founders?
But I do think that a lot of my friends that have built amazing businesses go through like this awkward phase where they've made enough money to not work as much anymore and a lot of things happens in their life because they get pulled by so many different external topics that want their attention and the business starts stagnating a little bit because I do think funders create a lot of momentum within organization until they actually get pulled back. Like if you never had money and you suddenly have a lot ...
Everything You Need To Know About Venture
If you want to build a billion-doll business, you will not be able to do it by working 9 to5. I'm Harry Stubbings. I started 20 VC 10 years ago from a bedroom in London.I had no money and I didn't know one venture capitalist. Today, we manage over $850 million. We've invested in 12 billion companies and four $10 billion companies.Today, I'm going to teach you about venture capital and raising money from the best investors in the world. The thing to understand with the fundraising process is it is a numbers ...
Deel vs. Rippling… What Now?
I feel pretty confident that the same way we've been winning in the marketplace, we'll win in the court of lows. We just need to play it out. I think I'm in constant war time sadly.September was our first 100 million revenue month, which is a very exciting milestone for the business. This round, these new investors or our board has always been with us kind of shows for where we stand as a company towards this type of litigations. ...
The Brutal Truth about being a Founder
You have to be very self-aware about what it is you actually enjoy. And if you don't enjoy canonically the journey, quote unquote, and the ups and downs of the founder journey, it may not be a journey that you want to be on, right. I think there are a lot of people who want to be founders.It's tough. There's no sugar coating it, right. There are like days, weeks where it's bloody hard and you have to enjoy that.Not in a sick weird way, just in a this is what you are learning from. This is the way that it ro ...
What makes a better leader?
Entrepreneurial Motivation & Leadership - The company's founders prioritize experiences and wisdom over monetary gain, viewing money as less important [1][2] - Richness of life experiences, including difficulties and suffering, contributes to better leadership [2][3] - Empathy, potentially gained from personal experiences like having children, enhances leadership qualities [2] Personal Growth & Business Acumen - Personal growth and wisdom gained from life experiences are considered valuable assets for leaders [2] - The company values the ability to learn from both positive and negative experiences [2] - Financial comfort allows the company to focus on broader goals beyond basic needs [3]
"They had the Lead..."
I think Google's a risk. Like I would never have said that five ten years ago. I find myself using chat GPT more and more.And so I think they have big innovators dilemma problem, but I think talent probably plays into it. I think it's more of like incentives where it seems like they're really slow on AI. >> You're not impressed by Gemini. >> I'm definitely not impressed by how Gemini is like integrated into their consumer products.I think Gemini as a model is good. It's in like the three models that we care ...
Loyalty vs $3BN 🤔💰
When I was a founder, good god, there was no way I would leave. No matter how horri was with my start, I would just never consider it. And now it seems like it's cool.And even your accelerator will take you right back after you quit. >> Yeah, you absolutely would never quit. You would hang in there.But you also probably never face the existential dilemma of being offered $3 billion to quit. In the face of unprecedented wealth, I'm shocked to discover that most people behave badly. ...