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

20VC: How 50% Of VCs Hurt Entrepreneurs, How To Build A Relationship Of Trust With Your VC and How Entrepreneurs Can Detect VC BS with Jason Mendelson, Co-Founder @ Foundry Group

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

4.4637 Ratings

🗓️ 30 January 2017

⏱️ 25 minutes

🧾️ Download transcript

Summary

Jason Mendelson is Co-Founder @ Foundry Group, one of the leading VC funds of the past decade with investments in the likes of Fitbit, SendGrid and Makerbot just to name a few. Prior to Foundry Jason co-founded SRS Acquiom, the largest merger and acquisition closing platform that completed over $200Bn in merger transactions. Prior to co-founding SRS, Jason was a Managing Director and General Counsel for Mobius Venture Capital, where he also acted as its chief administrative partner overseeing all operations of the firm. If this was not enough Jason is also the Co-Author, alongside Brad Feld, of the best-selling book, Venture Deals: How To Be Smarter Than Your Lawyer, a must read for all.

 

In Today’s Episode You Will Learn:

1.) How Jason made his way into the wonderful world of VC having been a lawyer?

2.) Why does Jason believe there is too much BS in VC? What does Jason think causes this opaqueness? How does he look to build a relationship of trust and clarity with his entrepreneurs?

3.) How has the rise of social media affected the transparency and BS element in VC and startups? How can entrepreneurs know when a VC is lying to them? What are the tells?

4.) Jason has previously said that some VC behaviour is 'rather narcissistic'. What does he mean by this? How would he like to see this change in the future?

5.) How does Jason look to optimise board meetings? What are the expectations of both founders and VCs prior to board meetings when it comes to preparation?

Items Mentioned In Today’s Show:

Jason’s Fave Book: Atlas Shrugged

Jason’s Most Recent Investment: Borrowed and Blue

As always you can follow Harry, The Twenty Minute VC and Jason on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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Cooley are the global law firm built around startups and venture capital.  Since forming the first venture fund in Silicon Valley, Cooley has formed more venture capital funds than any other law firm in the world, with 50+ years working with VCs. They help VCs form and manage funds, make investments and handle the myriad issues that arise through a fund’s lifetime. So to learn more about the #1 most active law firm representing VC-backed companies going public. Head over to cooley.com and also at cooleygo.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome back to another week in the world of the 20 minute VC with your host Harry Stebbings,

0:04.4

and you can find me sharing inordinate amounts of Mahito snaps on Snapchat at H. Debbings with two Bs.

0:10.1

Now before we dive into the show today, I do have a little announcement.

0:13.0

I'm delighted to say that Fred Destack, general partner at Excel and former guest and I,

0:17.2

will be running the London Marathon in April. Now we're running for MSUK, a charity that's

0:21.7

very close to my heart, having seen the effects of multiple sclerosis firsthand with my mother

0:25.8

suffering from the disease for the last eight years. Now, the show has and always will be free,

0:30.6

but this time we'd so appreciate your support in raising money for such a worthy cause,

0:34.4

and it would mean so much to me, and I've included the links in the show notes on where to donate. I so appreciate that. However, to the show today and I'm delighted

0:42.1

to say we'll be featuring the legendary Foundry Group this week. Therefore, joining me today,

0:46.3

I'm thrilled to welcome Jason Mendelssohn. Now, Jason is a co-founder at Foundry Group, one of the

0:50.7

leading VC funds of the past decade with investments in the light of Fitbit,

0:54.6

send grid and MakerBot, just to name a few. Prior to Foundry, Jason co-founded SRS Acquion, the largest

1:00.8

merger and acquisition closing platform that completes over 200 billion in merger transactions.

1:06.1

Prior to co-founding SRS, Jason was a managing director and general counsel for Mobius Venture Capital,

1:11.5

where he also acted as its chief administrative partner overseeing all operations of the firm.

1:16.2

If this wasn't enough, Jason's also the co-author alongside Bradfeld of the best-selling book

1:20.9

Venture Deals, How to Be Smarter Than Your Lawyer, which I have to say really is a must read for

1:25.3

all. It was my introduction into venture capital.

1:31.7

I'd also like to say a huge thanks to Bradfeld and Seth Levine for the intro to Jason's day,

1:33.8

without which the episode would not have been possible.

1:37.4

However, before we dive into the show today, you must check out Intercom.

...

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