20VC: 23andMe's Anne Wojcicki on How To Approach Trust in Business and Personal Relationships, Leadership Lessons from Sheryl Sandberg and Reflections on How The Best Founders Manage Their Boards

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The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 24 January 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Anne Wojcicki is the Founder & CEO @ 23andme, offering DNA testing with the most comprehensive ancestry breakdown, personalized health insights, and more. To date, Anne has raised over $1BN for the company from the likes of Sequoia, GV, NEA and many more incredible names. Prior to founding 23andMe, Anne spent a decade on Wall Street investing in healthcare and felt frustrated by a system built around monetizing illness instead of incentivizing prevention. If that was not enough, Anne is also on the board of Cazoo and The Anne Wojcicki Foundation and is an active angel investor with investments in the likes of Embark and Maven Clinic.

In Today’s Episode with Anne Wojcicki You Will Learn:

1.) How Anne made her way from Wall St healthcare investing to founding one of the leading healthcare companies of the last decade in 23andme?

2.) Trust and Friendship:

How does Anne determine whether someone is genuine or is being transactional? What are the signs?
How does Anne approach trust in relationships? Start from a base of full trust and it is to be lost or start with none and it is to be gained?
What does Anne believe are the core of the best and most healthy relationships she has?

3.) Leadership:

How does Anne reflect on her own decision-making processes today?
How does Anne create a safe space where her team feel they can pushback on her and tell her how they feel?
How does Anne approach internal role migration? What does Anne do to get the very best out of her team?
How has Anne's leadership style changed over the years?
How has being on the board of Cazoo changed how Anne reflects on her own board leadership? What have been some of her biggest lessons from Alex Chesterman?

4.) AMA:

What is the hardest element of Anne's role with 23andme?
What is Anne's morning routine?
What 3 traits would Anne most want her children to have?
Anne can have a billboard anywhere, what do it say on it and why?
What would Anne most like to change in the world of healthcare over the next decade?

Transcript

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0:00.0	This is 20VC with me, Harry Stebbington. I've been so excited to release this episode since we recorded
0:04.5	it. It's the exact type of show that I love. Absolutely zero adherence to the schedule. An incredible
0:09.2	discussion on leadership, on parenting, life, so much in here. And I'm so thrilled to welcome
0:14.2	Anne Wajicki. Now, Anne is the founder and CEO at 23 and me, offering DNA testing with the most
0:19.5	comprehensive ancestry breakdown, personalised health
0:22.3	insights and more. To date, Anne has raised over a billion dollars for the company from the likes
0:26.4	of Sequoia, GV, NEA and many more, and prior to founding 23 and me, Anne spent a decade on Wall Street
0:32.4	investing in healthcare. And if that wasn't enough, Anne's also on the board of Kazoo and the
0:36.6	Amwojiki Foundation, and is an active angel investor's also on the board of Kazoo and the Amwojiki Foundation,
0:37.9	and is an active angel investor with investments in the lights of Embark and Maven Clinic,
0:42.0	to name a few. I'd also want to say a huge thank you to roll off both at Sequoia and Patrick
0:46.2	Chung. Some fantastic questions suggestions today. They really did provide such background.
0:50.9	But before we move into the episode today, Harvard management company is constantly
0:54.6	seeking out the next generation of great investors and entrepreneurs. HMC has managed Harvard
0:59.7	University's endowment for nearly 50 years and was one of the first institutional investors in
1:04.6	venture capital. Their experience in long-term investment horizon makes them ideal partners
1:09.3	to get world-changing ideas on a path to viability
1:12.4	and success. They work as a true partner providing insightful perspectives to help managers succeed.
1:17.8	I personally have had the pleasure of working with the HMC team and can say that they're
1:21.7	truly exceptional partners, people and incredibly savvy investors. Whether you are launching your
1:26.8	first fund or your fifth,
1:28.4	HMC welcomes the opportunity to partner with both developing and established managers.
	...

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