4.4 • 637 Ratings
🗓️ 2 October 2017
⏱️ 23 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Matt Switzer is the Senior Vice President of Strategy and Corporate Development @ Hootsuite, the social media management platform that has raised venture funding from some of the best in the world including Accel, Insight Venture Partners and Fidelity. At HootSuite, Matt and his team have raised over $250m in funding, acquired 8 companies and launched 4 new products. Prior to Hootsuite, Matt was on the other side of the table as a VC, where he helped to establish a new fund and manage an incubator.
In Today’s Episode You Will Learn:
1.) How Matt made his way into the world of VC and then decided to jump to the other side of the table as acquirer with Hootsuite?
2.) What is the build, buy or partner thinking process? When analysing markets, what does that deep dive and examination look like and entail? How does Hootsuite identify and select startups within the identified markets?
3.) How does Hootsuite most like to interact with startups in pipe? What does the relationship building look like? What platforms and tools are used to monitor those relationships post initial meeting?
4.) What does the internal conviction building process look like around a potential deal? What is the traditional structure of such a deal? How does Matt assess price sensitivity and it's ties to product market fit achieved by the startup?
5.) From the other side of the table, when should startups look to be building their M&A pipe? In conversations with potential acquirers, what are the foundations for them to remember? What role do VCs play and value do they provide in these conversations?
Items Mentioned In Today’s Show:
Matt’s Fave Book: Red Notice
Matt’s Fave Blog: Tom Tunguz
Matt’s Most Recent Acquisition: AdEspressoÂ
As always you can follow Harry, The Twenty Minute VC and Matt on Twitter here!
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0:00.0 | Welcome back to the 20 minute VC with me Harry Stebbings and you can head over to Snapchat and you'll |
0:04.3 | find me on at H. Stebbings with two Bs for all backstage reactions here at the 20 minute VC. However, to the show |
0:10.1 | today and this week, a very special week that I'm very excited by. As you know, we always feature the best |
0:15.0 | VCs in the world, but the best VCs are often made by the exits that their portfolio companies achieve. So this week, we're diving |
0:21.2 | inside the world and mindset of those startup acquirers. And for part one today, I'm thrilled to welcome |
0:26.8 | Matt Switzer, senior vice president of strategy and corporate development at HootSuite, the social media |
0:32.1 | management platform that's raised funding from the likes of Excel, Insight Venture Partners and Fidelity. |
0:37.4 | At HootSuite, Matt and his |
0:38.7 | team have raised over $200 million in funding, acquired eight companies and launched four new products. |
0:44.1 | And prior to HootSuite, Matt was on the other side of the table as a VC, where he helped establish |
0:48.4 | a new fund and manage an incubator. And I do want to say huge thanks to Boris Verz at version 1 for |
0:53.6 | the intro today to Matt, |
0:54.8 | without which this episode would not have been possible. But before we dive into the show today, |
0:58.9 | if you're an early stage startup, the right infrastructure and support systems are critical. And |
1:03.4 | that's where First Republic is so good. First Republic's resources, network and expertise |
1:07.9 | allow entrepreneurs to customize a solid foundation for your business across |
1:12.1 | all stages. So why First Republic? Well, you get to leverage their incredible network of VC |
1:16.7 | firms to prepare you for future fundraising events. You get to count on a single point of |
1:20.8 | contact that will be there for you and your employees when you need them. You get access to |
1:24.7 | exclusive events and networking opportunities. But don't trust me on this. |
1:28.3 | Their clients include the likes of Instacart, e-shares and Wish, just to name a few. Check it out by |
1:33.0 | heading over to innovation.1strepublic.com. And speaking of incredible startups there, one that really |
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