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

20VC: How To Create FOMO For Investors, How To Manage VC Conversations & A Repeatable Process For Learning New Things with Anna Shedletsky, Founder & CEO @ Instrumental.ai

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

🗓️ 7 April 2017

⏱️ 27 minutes

🧾️ Download transcript

Summary

Anna Shedletsky is the Founder & CEO @ Instrumental, the startup that helps consumer electronics companies ship high-quality hardware, on time. They have funding from some of the best in the business including First Round Capital and a huge thanks to Phin Barnes @ First Round for the intro to Anna today. As for Anna, prior to Instrumental, Anna was a product design lead and manager for the Apple Watch and before that, a product design engineer for the Apple iPod.

In Today’s Episode You Will Learn:

1.) How Anna made the move from working on the Apple Watch to starting her own startup Instrumental?

2.) How does Anna approach the learning of new things? What is the methodology? What elements in particular has Anna found most challenging to grasp?

3.) Anna has experienced 2 very strange and different fundraising processes? What was strange about them? How did they differ? What did she learn from this experience?

4.) How can founders create a feeling of FOMO within their investors? What is core to this? What should founders be careful of when doing this? How should this be structured?

5.) Coming from Apple, Anna did not have a network among VCs and Founders. How did Anna build her network of VCs and founders? How can others founders do this? What is required for this to be done in a non-transactional organic way?

Items Mentioned In Today’s Show:

Anna’s Fave Book: The Lord of The Rings

Anna’s Fave Blog: First Round Review

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

This is the 20 minute VC with me, your host, Harry Stebbings, found hanging out on Snapchat

0:04.0

at H. Stebbings with 2Bs. It would be great to see you there. However, to the show today, and as

0:08.7

it's Friday, we have a stellar founder for you in the hot seat today. So I'm thrilled to welcome

0:12.6

Anna Shedletski. Now, Anna is the founder and CEO at Instrumental, the startup that helps consumer

0:17.9

electronics companies ship quality hardware on time. They have funding

0:21.7

from some of the best in the business, including first round capsule and a huge thanks to Finn

0:25.5

Barnes at first round for the intro to Anna today. As for Anna, prior to instrumental, Anna was a

0:29.9

product design leader and manager for the Apple Watch, and before that, a product design engineer

0:34.0

for the Apple iPod. Now, in terms of strategic takeaways from an episode,

0:42.1

today is a must-have for the pen and paper as Anna breaks down her learning process, providing a methodology for how she scales the learning curve as fast as possible. But before we dive into

0:46.6

the show today, Foundersuite makes software for raising capital. In the last 12 months,

0:51.1

startups using Foundersuite have raised over $130 million in Angel and VC funding.

0:56.3

Founder Suite's investor CRM is the market leader. It includes a searchable database of over 50,000

1:01.5

investors, as well as a beautiful new investor update tool for creating monthly or quarterly progress

1:06.4

reports. Founder Suites used by startups in Y Combinator, tech stars, 500 startups, and every other major

1:12.6

accelerator. And listeners of this podcast get a whopping 40% off a monthly or annual subscription

1:17.7

using the promo code 20 minute VC. That's 20 minute VC. Speaking of incredible software, greenhouse

1:24.1

software designs tools that helps companies hire great people and ultimately

1:27.9

build better businesses. Recognise as the 2017 best place to work in the US by Glass Door,

1:33.5

Greenhouse currently works with over 1,500 of the world's most innovative companies, such as Airbnb,

1:38.8

Slack, Snap, Inc, and Lyft. A wrong hire is not only costly for a company, but can also turn

1:43.7

an employee into an unhappy one. With Green only costly for a company, but can also turn an employee

...

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