20VC: Felicis' Wesley Chan on The Rise of IoT, Getting Recruited by Larry Page & Creating Google's Biggest Success Disaster

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The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 29 June 2016

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wesley Chan is a Manging Director @ Felicis Ventures where he has led investments in the likes of Canva, Flexport and Luma, just to name a few. Prior to Felicis, Wesley was a General Partner @ Google Ventures. Before Google Ventures he was an early employee at Google, where he founded and launched Google Analytics and Google Voice, resulting in his being awarded Google’s Founders Award–the company’s most prestigious recognition–for leading the development of Google’s early client efforts, which led to the development of Google Chrome. Fun fact about Wesley he is a massive hacker and IOT enthusiast with over 100 connected devices in his home.

In Today's Episode You Will Learn:

1.) How Wesley made the transition from Foundering Google Voice and analytics to being a VC?

2.) What were Wesley's biggest takeaways from leading investment at Google Ventures? When looking at his investment in Nest, what makes Nest such a truly phenomenal connected device?

3.) Wesley previously said, ‘I look for patterns similar to Google Analytics in how if you build something great.' What are those patterns and what does that thought process lead to in terms of thought outcome? What is a good example of this?

4.) Where does Wesley think we are on the programmable interface element of consumer hardware? What would he like to see change or improve in the space?

5.) How has Wesley seen the investor sentiment to hardware change over the last decade? What have been the rivers in the rising positivity of investing in hardware?

Items Mentioned In Today's Show:

Wesley's Fave Book: The Big Short

Wesley's Most Recent Investment: Luma

As always you can follow The Twenty Minute VC, Harry and Wesley 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 Snapchat here!

If you are looking to make your move into the world of VC or improve your investing skills, Venture Capital Unlocked: Secrets of Silicon Valley Investing is a must! It is a 2 week crash course at Stanford run by Stanford Professional Development Centre and 500 Startups. You will learn the mechanics of all things Silicon Valley investing, check it out here.

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Transcript

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0:00.0	Welcome back to another episode of the 20 minute VC with your host, Harry Stebbings, who you can follow on
0:05.0	Snapchat at H. Stebbings. But now for today's show, and having had his partner, Iden, at Felices, on the show
0:11.5	before, and having heard from everyone that he is one of the smartest chaps in the industry, I decided I
0:16.8	had to have him on the show. So joining me today is Wesley Chan, managing director at Felices Ventures,
0:22.6	where he led their investments in the likes of Canva, Flexport, and Luma, just to name a few.
0:28.7	And prior to Felices, Wesley was a general partner at Google Ventures. And before Google Ventures,
0:33.6	he was an early employee at Google, where he founded and launched Google Analytics and
0:37.9	Google Voice, resulting in his being awarded Google's Founders Award, the company's most prestigious
0:43.0	recognition for leading the development of Google's early client efforts, which led to the
0:47.9	development of Google Chrome. And a fun fact about Wesley, he's a massive hacker, an IOT enthusiast,
0:53.9	and he has over 100 connected
0:55.9	devices in his home. But before we welcome Wesley to the hot seat today, did you know the desire
1:01.1	to lie, cheat and steal is increased when you get less than eight hours of sleep? So don't
1:05.8	fall victim to this and get a lease of mattress. Not only when it prevent you from the above,
1:09.9	but it will prevent you from traipsing around a mattress showroom, as they offer a fully online experience at Lisa,
1:15.8	where you can easily purchase and have your mattress delivered to you in a couple of days.
1:19.9	Even better, also, all mattresses are made in the US and the UK. Not only that, but due to their
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1:27.8	which is reflected in their reasonable and transparent pricing, which you can check out on
1:32.1	Lisa.com forward slash VC. And if you enter the promo code VC75 at checkout, you'll get a fantastic
1:38.2	$75 off. And they also give 100 nights to trial the mattress, so you can really ensure that
1:43.1	it's perfect for you.
	...

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