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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20 VC 014: Acquired by Salesforce turned VC with Kyle Lui

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4637 Ratings

🗓️ 23 February 2015

⏱️ 20 minutes

🧾️ Download transcript

Summary

Kyle Lui is Principal at DCM Ventures where he helps entrepreneurs scale their companies and advise on product development across IOT, consumer internet and mobile and enterperise Saas. Prior to DCM, Kyle was Co-Founder at ChoicePass, a enterprise perks and rewards Saas company backed by prominent angel investors, later acquired by Salesforce.com and Rypple. At Salesforce, Kyle served as Director of Product Management on the founding product team for Work.com, growing the business to over 1,000 enterprise customers.

Items mentioned in this episode:

  • Learn Python the Hard Way
  • AnyPerk
  • Eaze

In this episode you will learn:

  • How Kyle made the leap from Startup Founder to Venture Capitalist?
  • How did Kyle learn to code?
  • How did Kyle feel on selling ChoicePass to Salesforce?
  • What was it like working in such a large company, such as Salesforce?
  • How did your role change when Salesforce was acquired?
  • What was the most difficult element faced by Kyle in his time at ChoicePass?
  • Where does Kyle see the future of incentivising employees and how important is this aspect of corporate life?
  • When investing in a company what aspects really attract you to a deal and what can be a real red flag?
  • Are University and College degrees necessary for you to invest in a founder?
  • Is Kyle concerned that a potential increase in regulation could damage his investment in Eaze, medical marijuana delivery startup?

We conclude today's show with a quick fire round where we hear Kyle's thoughts on what Kyle would do if all he had was a laptop and $100, what advice Kyle would give to entrepreneurs starting a company?

For all the resources and items mentioned in todays show, head on over to www.thetwentyminutevc.com

If there are any VCs you would like us to interview, send an email to [email protected] and we will arrange it!

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to episode 14 of the 20 minute VC with Harry Stebbings.

0:05.0

Now, I am extremely excited to welcome Carl Louis on today's show.

0:10.2

Carl is an entrepreneur and I'm really a product guy.

0:14.2

He is principal at DCM Ventures where he helps entrepreneurs scale their companies

0:18.9

and advises on product development across consumer

0:22.0

internet and mobile and the internet of things. Before DCM, Carl was co-founder and CEO of ChoicePass,

0:29.4

where he led product management, user acquisition, sales and operations. ChoicePass was an enterprise

0:36.1

perks and rewards SaaS company, backed by some very prominent angel investors, and then was ultimately acquired by sales force and ripple.

0:46.3

But before we jump into the amazing interview with Kyle, first, it's your chance to win a consultation with one of the VCs from the show. Would you like the chance

0:55.9

to pitch some of your business, ask for advice on a business plan? All you have to do is head on over to

1:01.4

iTunes and leave a review and then email Harry at the 20 minute VC.com with the name that you left

1:08.8

the review under and you will be submitted into the competition.

1:12.8

Okay, enough from me. It's time to jump into the interview.

1:15.8

Three, two, one, zero.

1:21.1

You have now arrived at your destination.

1:24.4

Carl, welcome to the 20 minute VC. I just wanted to say a quick thank you to Joe Floyd of episode 9 for introducing us,

1:31.1

but Carl, it's an absolute pleasure to have you on the show.

1:33.9

Thank you.

1:34.4

I'm happy to be here, and Harry, I've enjoyed listening to some of your podcasts and my commute

1:39.5

down to Menlo Park, so.

1:41.0

Thank you very much.

1:41.9

I'm glad we've entertained you.

...

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