4.4 • 637 Ratings
🗓️ 17 April 2017
⏱️ 27 minutes
🧾️ Download transcript
Josh Felser is a Co-Founder and General Partner at Freestyle, one of SF's leading early stage seed funds with investments in the likes of About.me, Airtable, Intercom and Patreon just to name a few. As for Josh, prior to being in VC with Freestyle, Josh started two successful Internet companies, Spinner and Grouper/Crackle, which were acquired by AOL Time Warner and Sony for $320 million and $65 million, respectively.
In Today’s Episode You Will Learn:
1.) How Josh made the transition from the world of startups to founding Freestyle?
2.) Can founders really trust their VC? What is the sign that you can and then cannot trust your VC? How does this depend on the differing stages?
3.) When is the right time for founders to throw in the towel and sell? What are the signs? Is it the role of the board member to encourage and push the founder forward?
4.) Josh has said before that 'companies are sold and not bought'. What does he mean by this? How can founders optimize the acquisition process in terms of the dialogue with the acquirer? How should they approach the topic of valuation? How can they create a sense of urgency? Who are the certain stakeholders they must be talking to?
5.) How has Josh seen himself develop as a board member? What have been the inflection points in his learnings? What are the core components that make up a great board member?
Items Mentioned In Today’s Show:
Josh’s Fave Book: Snowcrash
Josh’s Fave Blog: Five Best Ideas of The Day: The Aspen Institute
Josh’s Most Recent Investment: Carbon Robotics
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0:00.0 | Hello and welcome back to the 20 minute VC with me, your host, Harry Stebbings, found most often on Snapchat at H. |
0:05.5 | Stebbings with 2Bs, and all ads get a personal thank you message from me, so it really would be great to see you there. |
0:10.7 | However, to the show today, and what a great guest we have in store for you. |
0:13.7 | Over the last fortnight, they announced the raising of their fourth fund, a massive congratulations for that, and promoted one of our favourites from the show, Jenny Lefko, |
0:21.4 | to General Partner, which is so fantastic to see. |
0:23.8 | So, joining me in the Hot Seat today, |
0:25.1 | I'm thrilled to welcome Josh Felser, |
0:26.8 | co-founder and general partner at Freestyle, |
0:29.1 | one of San Francisco's leading early stage seed funds, |
0:31.7 | with investments in the likes of About Me, |
0:33.7 | Airtable, Intercom, and Patreon, |
0:35.9 | just to name a few. As for Josh, prior to being in VC with freestyle, Josh started two successful internet companies, |
0:41.8 | Spinner and Grupper, which were acquired by AOL, Time Warner and Sony, for $320 million and $65 million, respectively. |
0:49.3 | I do also have to say a big thank you to Jenny Leffield for the intro to Josh today, |
0:52.8 | without which this episode would not have been possible. But before we dive into the show today, you must check out |
0:57.5 | Foundersuite. Foundersuite makes the leading CRM for raising startup capital. Since March of 2016, |
1:03.1 | Founder Suite customers have raised over $130 million in seed and venture capital. Foundersuite |
1:08.1 | CRM sits on a database of over 50,000 investors, which will help |
1:11.8 | you quickly populate your fundraising funnel, including a beautiful and easy-to-use investor update |
1:16.3 | tool, and the recently launched new portal that helps investors and accelerators track their |
1:20.9 | portfolio companies on a single dashboard. Founder Suite is used by startups in Y Combinator, |
1:25.9 | tech stars, 500 startups, and every other major accelerator. |
... |
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