20 VC 083: 500 Startups Week: New Funds, Startup Mentoring and Dave's Masterplan with Marvin Liao, Partner @ 500 Startups

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The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 28 October 2015

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Marvin is a Partner at 500 Startups, running the SF based accelerator program as well as investing in Seed stage start ups. Prior to 500 Marvin is a 10.5 year veteran of Yahoo! Inc., having held roles in various departments from Sales, Business Development, Ad Operations and Marketing and presently serves on the boards/advisory boards of several internet advertising and ad technology companies across the globe.

In Today's Episode You Will Learn:

1.) How did Marvin make his move into technology and the investing game?

2.) How was Marvin's time at Yahoo? How did Marvin see the company change over the 10 years he was there? How do you feel your position at Yahoo equipped you for 500 Startups?

3.) So coming from 10 years at Yahoo you could have had your pick of VCs to join. What was it about 500 that attracted you and why do you believe this very early stage is the biggest opportunity to exploit?

4.) 500 has now ironically invested in 1000+ startups, leading me to ask, what is the admissions process like and what Marvin's criteria at 500 for investment decisions? What are the key metrics you look at?

5.) How does Marvin respond to the notion that investing with 500 Startups removes the talent of investing through the spray and pray method?

6.) Now 500 Startups has recently raises an new $85m fund, alongside a new fund of $30m for Japan, $10m for South East Asia and a $10m fund for Thailand. So firstly, does this prove that the 500 model is successfully scaling? What does the future hold for 500? Where do you see the most innovation and progress?

Items Mentioned In Today's Episode:

Marvin's Fave Book:The Art of Worldly Wisdom, The 4 Hour Work Week

Marvin's Fave Productivity Tool: Evernote, Calendly.com

Marvin's Fave Blog: James Clear, James Altucher, Tim Ferriss, Fred Wilson, Mark Suster

Marvin's Most Interesting Investments: Neighborly, Agfunder

As always you can follow Harry, The Twenty Minute VC, Marvin and 500 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 Instagram here!

We would like to say a special thank you to our partner for this very special 500 Startups Feature Week, LawTrades, the go to place for startups and VCs to get their legal work done. For all 20VC listeners LawTrades are offering a special $150 off your first piece of legal work when you mention ‘The Twenty Minute VC’. You can follow them on Twitter here!

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to the 20 minute VC and welcome back to this very special week featuring the incredible team and operations at 500 startups.
0:09.5	Following from our amazing episode with Matt Lerner in London, we are heading across the pond to the birthplace of 500. It is of course California.
0:18.5	And representing the California team today, we have Marvin Liao.
0:22.7	Marvin is a partner at 500 startups running the SF-based Accelerator Program, as well as investing in seed stage startups.
0:30.9	And prior to 500, Marvin is a 10-5-year veteran of Yahoo, having held roles in various departments from sales to
0:39.7	business development, ad operations, marketing, and presently serves on the board of several
0:45.9	internet advertising and ad technology companies across the globe. But first, before we dive into the
0:52.1	interview, I would love to chat about a 500 company, that is law trades.
0:56.9	They are the number one place to go for startups and VCs to get their legal work done.
1:02.5	Why? Simple. It's easy. They are cheaper, faster and more affordable than traditional law firms
1:09.0	because they simply don't have the overheads
1:11.3	that traditional law firms do and then pass off on their customers in the form of fees.
1:16.8	Law trades can help with anything from company incorporation to IP protection and website agreements,
1:22.9	just to name a few. And very kindly, law trades are giving all 20-minute VC listeners $150 off their first job
1:30.4	when you mention the 20-minute VC. So check them out. Just head over to www.lawtrades.com. But back to the show now,
1:39.3	and it gives me great pleasure to welcome the man himself, Marvin Liao, partner at 500 startups.
1:50.1	You have now arrived at your destination. Well, Marvin, welcome to the 20 minute VC. It's an absolute
1:57.3	pleasure to have you on the show. Thank you. Now, can you take us back to your early days entering the industry
2:04.1	and how you made your move into technology and the investing game?
2:08.7	So in the technology game, I've been in Silicon Valley pretty much since 99.
2:14.0	So I moved here January 3rd in 1999.
2:16.7	You know, here like everybody for the first dot-com, boom, because I thought I was going to get rich.
	...

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