20 VC 091: Daniel Waterhouse @ Balderton Capital on Investing Styles, Venture Landscapes and The Future of AI
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 25 November 2015
⏱️ 23 minutes
🧾️ Download transcript
Summary
Daniel Waterhouse is a General Partner @ Balderton Capital, which he joined in 2013 and he currently sits on the boards of Top10, ROLI, Lovecrafts, TrademarkNow, Tictail, Achica, Thread and Workable. Prior to Balderton, Daniel spent 5 years as a partner at Wellington Partners and invested in a number of fast-growing companies including EyeEm, Hailo, YPlan, Bookatable (also a Balderton portfolio company), SumAll, Readmill (sold to Dropbox) and Qype (sold to Yelp). Before Wellington, Daniel was a sector partner at 3i where he worked on all of their venture and private equity investments in the internet sector in North America and Europe.
In Today's Episode You Will Learn:
1.) How Daniel made his way into the wonderful world of VC?
2.) How has Daniel's mathematics background impacted his investing style?
3.) At Balderton 50% of the partners have very operational backgrounds and 50% are much more investment rooted. What has Daniel gained and missed as an investor from having a outside view of the startup world?
4.) How has Daniel seen the landscape change in the last 15 years? What was his first pitch meeting like? What was his last like?
5.) What are Daniel's thoughts on the enterprise SaaS space? Do Daniel think there is further to go in the consumerisation of Enterprise Software? Does the announcement of Emergence moving from the sector signal a turning tide?
6.) Daniel led the investment in Curious AI and Thread, using machine learning to augment its stylist approach, so what makes Daniel excited about the developments in AI? How is the sector going to develop over the next 20 years?
Items Mentioned In Today's Show:
Daniel's Fave Book: The Brain That Teaches Itself
Daniel's Most Recent Investment: Curious AI
As always you can follow Harry, The Twenty Minute VC and Daniel 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!
I would like to say a huge thank you to our sponsor for today's show: LoyaltyBay. Have you ever wished more of your website visitors would convert into a sale, signup or referral? If so, you need Loyalty Bay. With their saas conversion optimizer tool they increase any conversion metric by offering potential customers a choice of personalised rewards to get them to convert. They work with large enterprises like Virgin Media through to startups and have increased conversions on average by over 100%. Free 30 day trial at www.loyaltybay.co.uk
Transcript
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| 0:00.0 | You're listening to the 20-minute VC. I'm your host, Harry Stebbings, and following our amazing interview with Seranga on Monday, we are back at Balderson Capital, one of Europe's most prestigious and successful VCs. Today, I'm so delighted to be joined by Daniel Waterhouse, General Partner at Balderton, who also, unbeknownst to many of you, has helped me in the past with |
| 0:21.3 | compiling schedules for our interviews with the likes of Baldson's Investment, Ticktail and Carl |
| 0:26.2 | Waldercrans, and Roxanne Vaza at Tech.EU. And Daniel joined Balderton as a general partner |
| 0:33.0 | in 2013, and he currently sits on the boards of some incredible companies with the likes of |
| 0:38.2 | top 10, Rowley, Lovecrafts, Trademark Now, Ticktail, Ashika, Thread and our Founders Friday |
| 0:46.4 | Guests for this week Workable. |
| 0:48.3 | And prior to Baldwin, Daniel spent five years as a partner at Wellington Partners and |
| 0:53.1 | invested in a number of fast-growing |
| 0:54.9 | companies including Halo, Yplan, Booker Table, who's also one of Baldson's portfolio |
| 1:00.8 | companies, Redmill, which sold Dropbox, and Kipe, which was acquired by Yelp. |
| 1:07.0 | And before Wellington, Daniel was a sector partner at 3i, where he worked on all of their venture and private equity investments in the internet sector in North America and Europe. |
| 1:17.3 | Finally, before we meet the man himself, have you ever wished more of your website visitors would convert into a sale, sign up or referral? |
| 1:25.6 | That sound familiar, then you need Loyalty Bay. With their |
| 1:29.1 | SaaS conversion optimiser tool, they increase any conversion metric by offering potential |
| 1:34.5 | customers a choice of personalized rewards to get them to convert. I always think you can |
| 1:40.3 | judge a company by their customers and Loyalty Bay work with amazing enterprises |
| 1:45.5 | like Virgin Media right through to startups and have increased conversions on average by over |
| 1:51.3 | 100%. Free 30 day trial at www.lawletybay.com. UK, that's a free 30-day trial at www.laughtybaid.uk. That's a free 30-day trial at www. |
| 2:01.5 | www.laughty bay.com. |
| 2:03.0 | UK. |
| 2:03.9 | But now it's time to jump into our interview with Daniel. |
| 2:07.1 | So without further ado, meet the man himself, |
... |
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