20 VC 064: Finding Exceptional People with Big Ideas with Nick Beim, Partner @ Venrock
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 19 August 2015
⏱️ 29 minutes
🧾️ Download transcript
Summary
Nick Beim is a Partner @ Venrock where he focuses on internet, mobile, SaaS, big data and fintech investments. Nick blogs on the economics of innovation at www.nickbeim.com. Nick led the initial venture investments in a number of pioneering consumer internet companies including the Gilt Groupe, and Care.com (IPO). He also led the initial investments in a number of today’s leading big data innovators including Dataminr and Intent Media. Prior to joining Venrock, Nick was a General Partner at Matrix Partners and worked in the technology groups at McKinsey and Goldman Sachs. Nick’s primary passion outside of venture investing is international development, in particular accelerating international development through entrepreneurship. Nick serves on the board of Endeavor, a non-profit organization dedicated to supporting entrepreneurs in developing countries that Tom Friedman has called “the best anti-poverty program of all.”
In 2011, Forbes named Nick one of the “Elite 8″ to watch in Venture Capital.
In Today's Episode You Will Learn:
- How Nick made his move into venture and started a bidding contest between two funds a bank for him!
- How Nick got to be involved with DataMinr and how Nick believes society will use data in the future?
- How does Nick standout in the super competitive rounds? What is Nick's value add?
- Is it still harder for female founders to get VC funding? Why?
- What can be done to improve this imbalance in the tech ecosystem?
- What is impact investing? How do you balance LP returns with social impact improvements?
- Our friend @ August Capital, David Hornik asks Nick, what is the difference between investing in NY compared to SF?
Items Mentioned in Today's Show:
Nick's Fave Book: Man's Search For Meaning by Viktor Frankl
Nick's Fave Newsletter or Blog: Reid Hoffman, Essays on Entrepreneurship
Transcript
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| 0:00.0 | Hello and welcome to episode 64 of the 20 minute VC with your host Harry Stebbings. |
| 0:05.9 | On today's show, I'm delighted to welcome our second guest from Venrock in New York. |
| 0:11.2 | We did have David Patman on the show a few weeks ago and very kindly David introduced us to his colleague, Nick Byman. |
| 0:18.0 | Nick is a partner at Venrock where he focuses on internet, mobile, SaaS, big data and fintech investments. |
| 0:25.8 | And Nick blogs on the economics of innovation at one of my favourite blogs at www.nickbime.com. |
| 0:33.2 | And Nick led the initial venture investments in a number of incredible consumer internet companies, |
| 0:39.1 | including the Guild Group and Care.com. He also led the investments in huge big data innovators, |
| 0:46.0 | including data miner and intent media. And prior to joining Venrock, Nick was a general partner |
| 0:51.3 | at Matrix Partners and worked in the technology groups at McKinsey |
| 0:55.5 | and Goldman Sachs. However, Nick's primary passion outside of venture investing is international |
| 1:01.8 | development and we delve into this in today's show when we talk about impact investing. In |
| 1:07.5 | particular, he loves to accelerate international development through entrepreneurship, |
| 1:11.8 | and he serves on the board of Endeavour, a non-profit organisation that's dedicated to supporting entrepreneurs in developing countries. |
| 1:19.9 | If that wasn't enough, in 2011, Nick was named by Forbes as one of the Elite Eight to watch in Venture Capital. |
| 1:27.3 | But before we delve into today's show, we just mentioned the importance of data, Forbes as one of the Elite 8 to watch in Venture Capital. |
| 1:31.6 | But before we delve into today's show, we just mentioned the importance of data, |
| 1:35.0 | and hiring screen really recognise the importance of data. |
| 1:40.6 | Their blink algorithm compiles an analysis of all the candidates that have applied for your job and ranks them according to specifications and requirements in an easily designed |
| 1:46.4 | UI so you can easily identify the most relevant and suitable candidates for your job in the shortest |
| 1:52.4 | amount of time. Check them out at www.hiringscreen.com or tweet them at Hiringscreen |
| 1:59.6 | RH. |
| 2:08.6 | You have now arrived at your destination. |
... |
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