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

20VC: How LPs Can Add Strategic Value To Portfolio Companies & Why Real Estate Is On Every Whiteboard In Silicon Valley with Brendan Wallace, Co-Founder @ Fifth Wall

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

🗓️ 3 May 2017

⏱️ 32 minutes

🧾️ Download transcript

Summary

Brendan Wallace is a Co-Founder of Fifth Wall, the fund that specializes in technology for the built world and real estate tech. Prior to Fifth Wall, Brendan was Co-founder & CEO of Identified, a data & analytics company that raised $33 million of venture capital and was acquired by Workday (WDAY) in 2014. Brendan also co-founded Cabify, the largest ridesharing service in Latin America, which has raised $143 million and operates in 14 countries and 50 cities. If that was not enough, Brendan has been an active angel investor and manages one of the largest syndicates on Angellist, having led over 50 angel investments including Bonobos, Dollar Shave Club, Earnest, Philz Coffee and Zenefits.

In Today’s Episode You Will Learn:

1.) How Brendan made the transition from the world of startup founding to investing with Fifth Wall?

2.) How does Brendan feel fund managers can approach LP composition in order to provide strategic value add to portfolio companies? How did he approach this?

3.) How do the differing sources of LP money differ when comparing corporate LPs to more traditional fund of funds and endowment funds? Why did Brendan decide it was optimal to have both in Fifth Wall?

4.) Brendan has previously said 'autonomous cars are the next meteor to hit the real estate industry'. What are the 3 differing types of risk that could prevent this rise? What timeline does Brendan believe we are looking at for self-driving?

5.) How does Brendan see the urban landscape evolving and developing over time? Will we see a renewed period of urbanisation or urban spread? How do the macro levers affect this?

Items Mentioned In Today’s Show:

Brendan’s Fave Book: The Accidental Superpower

Brendan’s Fave Blog: CB Insights

Brendan’s Most Recent Investment: VTS: The Leading Asset and Asset Management Platform

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

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

Eight is a sleep innovation company. With their latest product, the Eight Smart Mattress, being a bed that literally tells you how well you slept last night, paired with an intelligent sensor cover that measures the quality of your sleep and delivers a daily sleep report. In order to bring you the best product, Eight used anonymized sleep data and feedback from over 10,000 people, to understand which materials and types of mattresses give customers the best sleep resulting in their unique blend of four responsive and high-density foam layers plus one layer of proprietary technology that helps people track and improve their sleep. You can check it out on Eightsleep.com – and if you use the code 20VC you will get a whopping 20% discount!

FullContact provides the ability to organize your contacts, gain rich insights into them and therefore build deep relationships. With features like automatically identifying and merging duplicate contacts to the ability to snap a photo of a business card and FullContact will transcribe them for you, so no more lost and loose business cards at events. It is with these features just being the tip of the iceberg, FullContact really is the best all in one solution for contact management and you can check them out on fullcontact.com.

 

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, on Snapchat at H.

0:04.7

Stebbings with 2Bs, it would be great to see you there. However, to the show today, and with the ever

0:09.0

increasing need for differentiation in the VC market, today, many are suggesting that the future

0:13.8

lies in thematic specialisation. Well, I'm delighted today to be joined by Brendan Wallace. Now,

0:18.8

Brendan is a co-founder of Fifth Wall, the fund announced

0:21.8

yesterday that specialises in technology for the built world and real estate tech. Prior to Fifth

0:27.0

Wall, Brendan was on the other side of the table as co-founder and CEO of Identified, a data

0:31.8

analytics company that raised 33 million of venture capital and was acquired by Workday in 2014.

0:37.3

Brendan also co-founded Cabify, the largest ride-sharing service in Latin America, which has

0:41.9

raised $143 million and operates in 14 countries and 50 cities.

0:46.8

If that wasn't enough, Brendan's also been an active angel investor and manages one of the

0:50.7

largest angelist syndicers, having led over 50 investments including Bonnebos,

0:55.1

Dollar Shave Club, Phil's Coffee and Xenophis, just to name a few from the incredible portfolio.

0:59.9

I do also want to say a massive thank you to previous guest Judith Elseer at Weathergauge

1:04.0

for the intro to Brendan today, without which this episode would not have been possible.

1:07.7

But before we dive into the show, say, I really want to talk to you about a company that's really changed the way I sleep and operate. Eight is a sleep innovation company with their

1:15.8

latest product, the Eight Smart mattress, being a bed that literally tells you how well you slept last

1:20.9

night, paired with an intelligent sensor cover that measures the quality of your sleep and delivers a

1:25.5

daily sleep report. In order to bring you the best product,

1:28.5

8 used anonymized sleep data and feedback from over 10,000 people

1:32.2

to understand which materials and types of mattresses give customers the best sleep,

1:36.8

resulting in their unique blend of four responsive and high-density foam layers,

...

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