20 VC 088: David Frankel @ Founder Collective: The Most Founder Friendly VC in Existence

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

4.4 • 637 Ratings

🗓️ 16 November 2015

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Frankel is the Managing Partner at Founder Collective, one of the world's most successful seed funds with investments in the likes of Uber, Hunch, Makerbot and About.me. Prior to Founder Collective, David was the Founder and CEO of Internet Solutions, one of the largest ISP providers in Africa. Following it’s acquisition David made his move into the investing game becoming one of the very first ‘super angels’, following exceptional success in this field, David along with Eric Paley (coming on the show on Wednesday) and Micah Rosenbloom founded Founder Collective, a seed stage venture fund whereby everyone at Founder Collective has started a technology company, they have lived and breathed the founder experience, a true founder friendly venture fund.

In Today's Episode You Will Learn:

1.) How did David make his move into the wonderful world of venture from being a founder and 'super angel'?

2.) Question from Spencer Lazar @ General Catalyst: How has David evolved as an investor over time? Has his strategy and approach altered?

3.) David has experienced some immense cycles both up and down, how has he seen the seed funding environment evolve?

4.) What was it like working with Chris Dixon from a16z? What advice would David give to someone looking to maintain or create a network around them? What other sources of deal flow do you utilize? How do you most like to be approached?

5.) How did FC's investment in Uber come about? What does David make of the regulatory hurdles Uber face with regards to employees or contractors? What is the future for Uber?

6.) What can we expect from Founder Collective? What is David excited about and why?

Items Mentioned In Today's Show:

David's Fave Book: Eating Well For Optimum Health, Playing The Enemy

David's Fave Blog: Dan Primack, Term Sheet

David's Most Recent Investment: Pillpack

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

Transcript

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0:00.0	This is the 20 minute VC and I am your host, Harry Stebbings. This week I am so extremely proud and excited to be bringing you an incredible feature week with one of the world's top performing seed funds.
0:12.0	It is, of course, Founder Collective with investments in the lives of Uber, Chris Dixon's hunch, About.combe,Bot, and many, many more incredible companies.
0:23.2	And joining us today from Founder Collective is David Frankel.
0:26.6	David was the founder and CEO of Internet Solutions, one of the largest ISP providers in Africa.
0:33.2	And following his acquisition, David made his move into the investing game, becoming one of the very first super angels.
0:39.8	Following an exceptional success in this field, David, along with Eric Paley, coming on the show on Wednesday, and Michael Rosenblum,
0:47.3	founded Founder Collective, a seed stage venture fund whereby everyone at Founder Collective has started a technology company.
0:55.2	They've lived and breathed the founder experience. An absolutely incredible fund. And don't forget, this is only the
1:00.1	first installment from our Founder Collective Feature Week with the release of our episode with
1:04.3	David's fellow managing partner Eric going live on Wednesday. But before we dive into the show today,
1:09.3	I want to share with you an incredible resource
1:11.5	I found the other day. It's called Point and it's an app and plugin for Chrome that makes it
1:17.4	really fast and really simple to send and discuss links. So if you find yourself constantly emailing
1:23.8	and chatting about links in clunky email browsers and systems, you must check it out.
1:29.5	It takes about 10 seconds to download the app, so head to getpoint.com and chat it out.
1:35.5	But enough from me, so without further ado, ladies and gentlemen, it's time to welcome
1:40.1	the legend David Frankel, managing partner at Founder Collective.
1:49.1	You have now arrived at your destination.
1:53.8	David, welcome to the 20-minute VC.
1:55.9	It's absolutely fantastic to have you on the show.
1:58.1	Thank you so much for joining us today.
2:00.2	Thanks, Harry. It's an absolute pleasure to be here. Now, I'd love to kick off today the show. Thank you so much for joining us today. Thanks, Harry.
	...

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