20VC: How To Optimise Decision-Making Frameworks, How To Really Get The Most Out Of Your Board and When Your Brother Is Also Your Co-Founder; The Secret To Working with Family with Rob Sadow, Founder & CEO @ Scoop

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 1 March 2019

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rob Sadow is the Founder & CEO @ Scoop, the startup that dramatically improves your commute providing convenient carpools with co-workers and neighbours. To date, Rob has raised over $37m in funding for Scoop from the likes of Danny Rimer @ Index, Brook Porter @ G2VP, Zaw Thet @ Signia Venture Partners and BMW i Ventures just to name a few. Before founding Scoop, Rob was a Manager @ Bain & Company and before that spent time in Israel with Better Place, working to provide electric vehicle networks to help accelerate the global transition to sustainable transportation.

In Today’s Episode You Will Learn:

1.) How Rob made his way from the world of consulting and Bain to founding the future of convenient commutes with Scoop?

2.) How does Rob approach key decisions? What does Brook Porter @ G2VP mean when he says, "from a first principles perspective"? How does Rob determine when to make decisions with the head or the heart? Does Rob agree with Fred Destin, "as a founder, decisions are never perfect, it is about batting average"? Where does Rob see many make mistakes when it comes to decision-making?

3.) How does Rob find the dynamics of working with his brother as his co-founder? What are some of the core challenges? How does one make it scale and how does the relationship need to change over time? What is Rob's biggest advice to others when thinking about the person they partner with?

4.) How does Rob think about board construction? What have been some of Rob's biggest lessons in really using your board to get the most out of them? What works well for this? What does not work? How can founders create this level of relationship with their board members? Should founders direct their ask to specific individuals when soliciting help from their board?

5.) Why does Rob believe that they have next to no attrition of employees at Scoop? What have been some of Rob's biggest lessons when it comes to both culture creation and maintenance? How does Rob think leaders can invest more in their employees? What does this look like? Where do many go wrong or misallocate?

Items Mentioned In Today’s Show:

Rob’s Fave Book: The Wheel of Time

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

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

Transcript

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0:00.0	You are listening to The 20 Minute VC with me, Harry Stebbings, at H. Stebbings, 1996 with two Bs on
0:05.2	Instagram, where you can see all things behind the scenes from us. I really do so love to see you there.
0:09.8	But to our episode today, and what a founder we have joining us in the hot seat today, as I'm very
0:13.9	excited to welcome Rob Seidau, found and CEO at Scoop, The startup that dramatically improves your commute, providing convenient carpools with
0:21.7	co-workers and neighbours, and to date, Rob has raised over $37 million in funding for Scoop from the
0:27.2	lights of Danny Reimer at Index, Brooke Porter at G2VP, Zora at Signia Venture Partners, and BMWI
0:33.5	Ventures, just to name a few. Before founding Sco scoop, Rob was a manager at Bain & Company,
0:38.0	and before that, spent time in Israel with Better Place, working to provide electric vehicle
0:42.1	networks to help accelerate the global transition to sustainable transportation. I'd also
0:46.6	want to say huge thank you to Danied Index, Zora at Signeur, Victoria at Prelude, and to Brooke
0:51.3	at G2VP for providing such fantastic questions today. I really do so appreciate
0:55.6	that. And we mentioned some incredible companies in the intro there and I want to spend a minute to
0:59.7	talk about Brex. The first corporate card for startups, Brex founders, Henrique and Pedro built a
1:04.8	payments business in Brazil, but found themselves rejected for a corporate card when they are in Y Combinator.
1:09.8	They decided to build Brex with instant instant online sign-up, no founder liability required, and limits 10 to 20 times
1:16.4	higher than standard cards. Yes, pretty incredible, I know. And you can sign up for Brex today
1:20.8	and get card fees waived by entering the code Harry during sign-up. Honestly, it really is such
1:25.8	a special service. And speaking of special, did you know that there are five job openings for every one developer
1:31.2	in the US? No wonder hiring great engineers is impossible, and that's where my friends at
1:35.4	Terminal come in. Terminal is your dedicated partner in quickly building skilled remote engineering
1:40.0	teams. How do they deliver both speed and quality? Well, Terminal does this by focusing on everything
1:44.6	necessary to successfully source, set up and support these teams, from little things like managing
	...

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