20VC: Flybridge's Jeff Bussgang on Why It Is Not All About Unit Economics & Why VCs Are Big Data Decision Makers

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 18 July 2016

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jeff Bussgang is a Co-Founder and General partner @ Flybridge Capital, where has made investments in numerous incredible companies including 2 former guests of the show, Jeff Seibert @ Crashlytics (sold to Twitter) and Josh Udashkin @ Raden. Jeff is also a Senior Lecturer @ Harvard Business School where he has co-authored no less than 15 cases. He is also an author having written the renowned, Mastering The VC Game to the acclaim of The Financial Times, TechCrunch, BusinessWeek and more. Jeff also has an incredible blog, Seeing Both Sides, which you can find here.

In Today’s Episode You Will Learn:

1.) How Jeff made his way into VC? How did he come to co-found Flybridge?

2.) To what extent does Jeff believe there is a glass ceiling for people without operations experience to progress up the VC ladder?

3.) How can companies establish cultures and processes when they have to change and reinvent every 6-12 months?

4.) What are venture returns? What metrics does Jeff use to determine his success?

5.) Is a focus on unit economics now one of the only ways to achieve equity value creation? How can consumer adoption drive equity value creation?

Items Mentioned In Today’s Show:

Jeff’s Fave Book: Man's Search For Meaning by Viktor Frankl

Jeff's Fave Blog or Newsletter: Mattermark Daily

Jeff’s Most Recent Investment: Sentenai

As always you can follow The Twenty Minute VC, Harry and Jeff 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!

This episode was brought to you by DesignCrowd, the online marketplace for custom graphic, logo and web design that helps startups, entrepreneurs, web developers and agencies outsource design projects to designers from around the world.

How Does It Work?

Once you have launched your brief, designers will begin submitting quality designs for you to review. With some constructive feedback, you can quickly generate a large gallery of designs that really do fit your needs. You can have exactly what you need within just three days. Once you have selected your favourite design, you will be sent all the files you require to update your branding. If you don’t like any of the submitted designs, then DesignCrowd offers a money back guarantee. So checkout designcrowd.com/VC and enter the promo code VC100 to get an astonishing $100 off your next project.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to the 20 minute BC with your host, Harry Stebbings. I hope you've had a great weekend.
0:04.7	You can now follow me on Snapchat and relive my weekend by following me on at H. Stebbings to get
0:10.7	taken inside the world of the show and some of the best VCs and startup offices. However, to today's show
0:16.5	and my word, what a special guest do we have for you today? Joining me in the hot seat, we have Jeff Busgang, general partner at Flybridge Capital.
0:24.4	Now, being completely honest with you, I don't really know where to start with introducing Jeff.
0:28.3	He's had such an incredible and accomplished career that I'm not sure I'll do it justice in this very short time,
0:33.6	but I'm going to give it a try.
0:34.9	So, Jeff is GP at Flybridge and a former entrepreneur
0:38.6	turned VC. He's also a senior lecturer at Harvard Business School with no less than 15 case
0:44.0	studies co-authored by him. He's also invested in some truly incredible companies, including
0:48.7	two former guests of the show in the form of Jeff Seibut at CrashLittics, which was sold
0:53.4	Twitter,
0:58.8	and a recent show with Josh Yiddashkin at Raiden, making suitcases sexy.
1:02.8	Oh, and how can I forget? He's also an author, having written the renowned book,
1:08.6	Mastering the VC Gain in 2010, to the acclaim of TechCrunch, The Wall Street Journal,
1:11.2	Financial Times, and many more incredible publications.
1:16.2	I told you challenging intro to make with such an incredible career. But talking of challenging,
1:19.6	I can tell you one thing that's certainly not challenging, and that's getting the most awesome designs for your startup or small business using Design Crowd. They are the online
1:24.4	marketplace for custom graphic, logo and web design that help start-ups, entrepreneurs, web developers and agencies outsourced design projects with over 500,000 registered designers who bring their creative flair to your project and allow you to go from launching a project to design completion in just three days, whilst also avoiding the usual exorbitant agency
1:46.6	fees that we all hate so much, perfect for entrepreneurs and small businesses. But hey, even big brands
1:51.9	like Virgin Active and absolute vodka use them. So check them out and head over to designcrowd.com
1:57.2	forward slash VC and enter the promo code VC100 for an incredible $100 off your project.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.