20VC: Breaking News: Ankur Nagpal Raises $70M for Vibe Capital, What The Next Decade For Venture Will Look Like, Do VCs Actually Add Any Value & Pre-Emptive Rounds, When To Take Them and When To Reject Them
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 20 October 2021
⏱️ 37 minutes
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Summary
Ankur Nagpal is the Founding Partner @ Vibe Capital, today announcing his new $70M solo GP fund and with a track record that includes the likes of Roam Research, Eight Sleep, Circle, Hone Health and Maven to name a few. Prior to entering venture, Ankur was the Founder and CEO @ Teachable, a platform where educators can create and sell their own online courses. Ankur led the company until their reported $250M acquisition to Hotmart in 2020.
In Today's Episode with Ankur Nagpal You Will Learn:
1.) How Ankur made his way into the world of venture investing having founded and exited Teachable for over $250M having raised just $13M in venture funding?
2.) From Angel to Fund: How did Ankur's mindset change with the transition from angel to institutional VC? How does Ankur feel about the rise of party rounds? What does Ankur advise founders trying to get brand names on cap tables?
3.) Portfolio Construction: With the new fund, how does Ankur think through portfolio construction? What is his required level of ownership? How does Ankur feel about optionality checks to get data and information for a larger check down the road? Does Ankur feel it is possible to build ownership in your best companies?
4.) The Future of Venture: Why does Ankur feel that largely, VCs detract value when they invest in a company? Base level, what is Ankur's promise to founders he invests in? From his time as a founder, what does founders most want in their cap table? Will we see a generation of operator-led funds? Will this be a game of the 1%? How will the large funds respond to this?
5.) Emerging Markets: What are the 3 core characteristics that make emerging markets so attractive for Ankur? What elements concern Ankur when investing in emerging markets? How does he screen for integrity with more granularity? How does Ankur analyse the progression of emerging markets in terms of their own hype cycles?
Item's Mentioned In Today's Episode with Ankur Nagpal
Ankur's Favourite Book: Losing my Virignity
Transcript
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| 0:00.0 | We are back. This is 20VC with me, Harry Stebbings, and I love a show where we can break some |
| 0:03.9 | news. And today we have some news for you. So with that, I'm thrilled to welcome Anker Nagpal, |
| 0:08.0 | founding partner at Vibe Capital. Now, I'm not going to break the news ahead of time, and I'm going |
| 0:11.8 | to leave that for Anker, but Anker has previously made investments in the lights of Rome circle, which we did together actually, hone health and Maven, to name a few. And prior to entering |
| 0:21.8 | venture, Anker was the founder and CEO at Teachable, a platform where educators can create and |
| 0:26.6 | sell their own online courses. Anchor led the company until their reported $250 million acquisition |
| 0:32.4 | to Hotmart in 2020. And I'd also want to say huge thank you to Josh Buckley and Todd Goldberg for some fantastic |
| 0:38.4 | questions suggestions today. I really did so appreciate that. But before we dive into the show |
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