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

20 VC: The Ultimate Guide To Marketplaces with Boris Wertz, Founding Partner @ Version One Ventures

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

🗓️ 28 December 2015

⏱️ 30 minutes

🧾️ Download transcript

Summary

Boris Wertz is one of the top tech early-stage investors in North America and the founding partner of Version One.  He is also a board partner with Andreessen Horowitz. Before becoming an investor, Boris was the COO of AbeBooks.com which sold to Amazon in 2008. He was responsible for marketing, business development, product, customer service and international operations – leading a team of 60 people. In 2005, he was named the Pacific Ernst & Young Entrepreneur Of The Year.

A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! 
 
 
In Today's Episode You Will Learn:
 
1.) How did Boris make his way into the wonderful world of VC?

2.) Why have we seen a mass re-emergence of the marketplace model now?

3.) What was the objective in writing Version One’s book, A Guide To Marketplaces? What did Boris feel the public needed to know that was not already known?

4.) For an entrepreneur looking to move into the marketplace sector, how can they select the right market, are there any essential components they must consider?

5.) The book discusses the benefits of both direct and indirect network effects for marketplaces but in the early days what should startups focus on; demand or supply? How should they go about addressing this element?

6.) What are the core required elements of scaling a marketplace?

 
Items Mentioned In Today's Episode:
Boris's Fave Blog or Newsletter: AVC by Fred Wilson 
Boris's Most Recent Investment: Headout
 
To check out The Two Minute Takeaway from today's show, click here!
 
As always you can follow The Twenty Minute VCHarry and Boris 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!
 
 
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Transcript

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0:00.0

And we are back. I hope you've had an amazing Christmas break and are feeling truly rested.

0:05.0

You are listening to the 20 minute VC and I'm your host, Harry Stebbings.

0:08.9

And before we dive into the show, the other day I was chatting to a friend of mine, the awesome Tiffany

0:13.3

Zhong at Binary Capital, and she suggested the 20 minute VC produce written content of the best

0:19.4

bits from each episode. Therefore, I'm delighted

0:22.4

to say that we'll also be producing the two-minute takeaway to accompany each episode of the

0:27.2

20-minute VC. This will highlight the key facts and theses discussed in each episode. You can find

0:33.1

our first one from today's episode on the site at www.the 20 minute vc.com under the page the two minute

0:41.0

takeaway or on our medium page under Harry Stebbings. But back to today's show, I'm so thrilled to

0:47.8

welcome an amazing guest for today's show, Boris Verz. Boris is one of the top tech early stage

0:53.8

investors in North America,

0:55.5

and he's the founding partner of version 1,

0:58.5

of whom I was very lucky to interview Angela Tran King Jens earlier this year,

1:03.1

episode 38, if you missed that one.

1:05.5

And Boris is also a ball partner with the renowned Andriesen Horrors,

1:09.8

and before becoming an investor, Boris was the C-O

1:12.7

of Abebooks.com, which sold to Amazon in 2008. At Abe, he was responsible for marketing,

1:20.2

business development, product, customer service, and international operations, where he led a team

1:25.5

of 60 people. And due to his phenomenal success in the entrepreneurial space in 2005, he was named the Pacific

1:32.1

Ernst & Young Entrepreneur of the Year award.

1:35.0

If that was enough, version one have released a phenomenal book that's a deep dive into the

1:39.5

marketplace segment, truly insightful and concise deep dive, and absolutely a must check out. And the download link

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