20VC: Homebrew's Satya Patel on The Key Components of Being A Great VC & The 3 Main Reasons Startups Fail At Seed

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

🗓️ 28 March 2016

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Satya Patel is a Partner @ Homebrew alongside Hunter Walk. Prior to Homebrew, Satya was VP Product at Twitter, building and leading the Product Management and User Services teams. Before Twitter, Satya was a Partner at Battery Ventures, where he co-led the seed and early stage investing practices. In 2003, Satya joined Google and was responsible for AdSense product management and partnerships. Before heading to Silicon Valley for Google, I worked for DoubleClick, in venture capital and as a strategy consultant.

In Today’s Episode You Will Learn:

1.) How Satya made his way into the world of tech and came to Partner with Hunter @ Homebrew?

2.) Is hustle the key component of a great VC? What does Satya believes makes a great investor?

4.) How can startups present emotion and depict their narrative to the VC? What are the benefits of doing so? What founder is most

5.) From Satya's experience, what are the most common reasons startups fail at the seed stage? What can they do to maximise their chances of survival?

6.) We always hear that products should focus on a niche but how then do you attract VC money that is looking for a broad opportunity that can return the fund?

Items Mentioned In Today’s Show:

Satya’s Fave Blog or Newsletter: CB Insights, Fred Wilson, Brad Feld

Satya’s Fave Book: A Fine Balance

As always you can follow The Twenty Minute VC, Harry and Satya 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 Instagram here!

Transcript

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0:00.0	Welcome back to another week on the 20 minute VC with your host, Harry Stebbings, and I have to say I'm immensely excited to introduce our guest today.
0:08.1	So joining me today is Satcher Patel, partner at Homebrew alongside Hunter Walk, and we often hear about the broken nature of the VC model with new entrants coming into the market.
0:18.5	And I have to say there's no new entrant to me that's is exciting or has built as a phenomenal
0:24.3	portfolio as HomeBrew has.
0:26.3	Satya and Hunter truly are some of the smartest guys in the business.
0:29.6	And a little history on Satya now.
0:31.5	So prior to HomeBrew, Satya was VP of product at Twitter, building and leading the product
0:36.6	management and user services teams.
0:38.9	Before Twitter, Satya was a partner at Battery Ventures, where he co-led the seed and early stage
0:44.1	investing practices. And in 2003, Satya joined Google and was responsible for AdSense product
0:50.2	management and partnerships. But before we dive into the show with Satis Day, if you have
0:54.8	not signed up for the Mattermark Daily, for goodness sake, please sign up already. It's simply the best
0:59.9	and most highly curated list of startup and VC articles made by my good friend Nick Frost,
1:05.8	who you can find at Thinker on Twitter. It really is a must. Likewise, I would love to hear what you
1:10.8	think of our new
1:11.6	podcast, the official Sasta podcast brought to you by Jason Lentkin and I, which dives into the world
1:16.9	of all things Sass and M-R-R-A-R-R, all that good stuff. So find that on iTunes by searching for Sasta,
1:24.3	S-A-A-A-S-T-R. However, I'm sure you've heard enough from me,
1:28.5	so without further ado, I'm delighted to welcome,
1:30.9	Satya Patel, partner at Homebrew.
1:37.5	You have now arrived at your destination.
1:42.3	Satya, welcome to the 20-minute VC.
	...

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