20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 5 July 2017
⏱️ 25 minutes
🧾️ Download transcript
Summary
Barry Schuler is a Partner @ DFJ Growth, the team that seeks out companies that have gone through the early stages of funding and are category leaders or are poised to be. Their portfolio includes the likes of Tesla, Twitter, Box, Unity 3D and more fantastic companies. As for Barry, he is credited with being one of the pioneers of the modern Internet as chairman and CEO of America Online and an entrepreneur for over 30 years. Today he serves on the board of some truly game-changing companies in the likes of Coinbase, Unity and Foursquare just to name a few.
In Today’s Episode You Will Learn:
1.) How did Barry make his way from Chairman of Americal Online to Partner @ DFJ Growth, one of the leading growth funds?
2.) Why does Barry believe we have seen a drought of tech IPOs in the last few years? What needs to be done to change this and generate the "200 IPOs a year that we need"?
3.) Why does Barry believe we are in a "bulge and not a bubble" in today's current startup ecosystem? What does Barry suggest will happen to the many highly priced tech startups with lacking exit options?
4.) Why does Barry believe that companies are 'bought and not sold'? How has Barry seen the growth and momentum patterns change for those in hypergrowth? How does that affect the IPO market and their price sensitivity?
5.) Why is Barry concerned that there is too much money chasing too few deals? What does that do to his funnel in producing 10m+ revenue scaling startups?
Items Mentioned In Today’s Show:
Barry’s Fave Book: Sapiens: A Brief History of Humankind
Barry’s Most Recent Investment: Unity 3D, Giphy
As always you can follow Harry, The Twenty Minute VC and Barry on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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Transcript
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| 0:00.0 | Welcome back to the 20 minute VC with me, your host, Harry Stebbings, at H. Stebbings with 2Bs on |
| 0:05.0 | Snapchat. I'd love to hear your thoughts on questions you'd like me to ask in future episodes and |
| 0:09.3 | guests that you'd suggest for the show. But to the show today, and we've seen a reopening of |
| 0:12.9 | public markets in recent months. And so who better to have on the show today to discuss all |
| 0:17.3 | things scaling companies than Barry Shuler, partner at DFJ Growth, the team that |
| 0:21.6 | seeks out companies that have gone through the early stages of funding and are category leaders or |
| 0:26.2 | are poised to be. Their portfolio includes the likes of Tesla, Twitter, Box, Unity and more |
| 0:31.3 | fantastic companies. As for Barry, he's credited with being one of the pioneers of the modern |
| 0:35.7 | internet as chairman and CEO of America Online and an entrepreneur for over 30 years. |
| 0:40.8 | Today, he serves on the board of some truly game-changing companies in the likes of Coinbase, Unity and Foursquare, just to name a few. |
| 0:47.6 | And a big hand does have to go to Randy Glein and Josh Stein for the intro to Barry today, without which this episode would not have been possible. |
| 0:58.5 | But before we dive into today's show, very few pieces of software are a must for the majority of VCs I have on the show, but E-Shairs most certainly is. E-Shairs is the number one |
| 1:03.2 | cap table management platform, allowing for equity management, 409A valuations, and liquidity, |
| 1:08.8 | all in one place. And E-Shairs is made for companies of all sizes |
| 1:12.0 | with over 5,000 trusted customers, including the lights of Squarespace, Kickstarter and DoorDash, |
| 1:17.7 | just to name a few. So try out the must-have service of the industry and head over to |
| 1:21.5 | eshairs inc.com. It really is a must. And once you have all the paperwork tied down with |
| 1:26.2 | e-shares, you can now engage with your employees. And that's where Fond comes in. Fond is the employee engagement suite |
| 1:32.2 | with three core products. Rewards, a recognition platform for rewarding achievements and |
| 1:37.3 | milestones. Perks, a premium corporate discounts program to show employees you care about them |
| 1:42.2 | both in and outside of the office. |
| 1:44.4 | And then finally, Engagement IQ, a free employee engagement survey that allows you to measure |
... |
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