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

20VC: How Investors Can Get Into The Best Y Combinator Startups & How YC Startups Should Choose The Right Investors with Jared Friedman, Partner @ YC

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

🗓️ 29 March 2017

⏱️ 21 minutes

🧾️ Download transcript

Summary

Jared Friedman is a Partner @ Y Combinator, the world's most successful accelerator with portfolio companies including the likes of AirBnB, Dropbox, Stripe, Zenefits, Twitch, the list goes on. Prior to YC, Jared was Co-Founder & CTO @ Scribd, the digital library and document sharing platform, which has over 80 million users and attained funding from the likes of Marc Andreessen, Redpoint and CRV. As well as his time in operations, Jared is also a prolific angel investor with investments in the likes of Instacart, FundersClub and Cruise Automation just to name a few.

In Today’s Episode You Will Learn:

1.) How Jared made his way from founding the immensely successful, Sribd, to being a YC partner?

2.) What is the process behind the invites for YC demo day? What does it take for one to get a hotly anticipated seat? Is there really a black list?

3.) A lot of investors suggest that if you are seeing the company at demo day it is too late, what is the thesis around letting friends and family in to view and invest in the companies before demo day?

4.) How can investors look to get into the best YC companies? What can the investors do to show their value to both the companies and the YC partnership? How do you look to advise companies with regards to selecting investors?

5.) Demo days have scaled massively so I have to ask, is there enough capital to go into the 120+ companies now being produced at YC demo days? What are the strategies for scaling YC effectively?

Items Mentioned In Today’s Show:

Jared's Fave Book: Sapiens: A Brief History of Humankind

Jared’s Fave Blog: HackerNews

Jared Most Recent Angel Investment: Starcity

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

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

Foundersuite makes the leading CRM for raising startup capital. Since March of 2016, Foundersuite customers have raised over $130M in seed and venture capital. Foundersuite's CRM sits on a database of over 50,000 investors, which will help you quickly populate your fundraising funnel including a beautiful and easy-to-use investor update tool, and the recently launched a new portal that helps investors and accelerators track their portfolio companies on a single dashboard. For a whopping 40% off a Monthly or Annual subscription use the code "20MinuteVC" at checkout. 

Greenhouse Software designs tools that help companies hire great people and ultimately build better businesses. Greenhouse works with over 1,500 of the world’s most innovative companies such as Airbnb, Slack, Snap Inc. and Lyft. A wrong hire is not only costly for a company but can also turn an employee into an unhappy one. With Greenhouse's Applicant Tracking System, companies can make well-informed decisions and hire qualified candidates who are empowered to do the best work of their careers. Anybody who has a company that's scaling quickly but has trouble hiring and retaining the right people. Visit www.greenhouse.io today to discover how your company can grow.

Transcript

Click on a timestamp to play from that location

0:00.0

You are listening to the 20-minute VC with me, your host, Harry Stebbings, presenting today from

0:04.0

sunny San Francisco, and you can see more from me on Snapchat at H. Debings with 2Bs. I'd love to see you there.

0:09.4

But to today's show, and considering it was YC Demo Day last week, we thought it would be rather

0:13.2

pertinent to speak to one of the main partners at YC to get a glimpse behind what it takes for not only startups to succeed at Demo Day, but also investors in getting

0:21.2

into the best companies. So I'm thrilled to be joined in the hot seat today by Jared Friedman.

0:25.4

Now, Jared is a partner at Y Combinator, the world's most successful accelerator, with portfolio

0:29.5

companies including the likes of Airbnb, Dropbox, Stripe, Zenefits, Twitch. The list really does go

0:35.1

on and on. And prior to YC, Jared was co-founder and

0:37.8

CTO at Scribd, the digital library and document sharing platform, which has over 80 million

0:42.4

users and attained funding from the likes of Mark Andreessen, Redpoint and CRV. As well as his

0:47.4

time in operations, Jared is also a prolific angel investor, with investments in the likes of

0:51.2

Instacart, funders club and Automation, just to name a few.

0:54.6

I'd also like to say a special thank you to Eric Torrenberg for the intro to Jared today,

0:58.0

without which this episode would not have been possible.

1:00.2

But before we dive into the show today, you must check out Foundersweet.

1:03.5

Foundersweet makes the leading CRM for raising startup capital.

1:06.8

Since March of 2016, Founder Suite customers have raised over $130 million in seed and venture capital.

1:12.8

Foundersuite's CRM sits on a database of over 50,000 investors, which will help you quickly

1:17.4

populate your fundraising funnel, including a beautiful and easy-to-use investor update tool,

1:21.9

and the recently launched new portal that helps investors and accelerators track their portfolio

1:26.5

companies on a single

1:27.7

dashboard. Founder suite is used by startups in Y Combinator, tech stars, 500 startups, and

...

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