20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

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

4.4 • 637 Ratings

🗓️ 18 January 2017

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rishi Garg is a General Partner @ Mayfield Fund, where he focuses on new media platforms, disruptive financial services and new marketplaces. Prior to joining Mayfield, Rishi was as Vice President of Corporate Development and Strategy at Twitter where he led the company’s most active M&A program, including the acquisitions of Periscope, TellApart, TapCommerce, and many others. Prior to Twitter, Rishi was the first Head of Corporate Development at Square. Rishi was also the Founder of a leading venture-backed startup, FanSnap and has also held roles at Google, Highland Capital Partners and Morgan Stanley.

In Today’s Episode You Will Learn:

1.) How Rishi made his way into VC following time at Twitter and Square?

2.) How does Rishi look to analyse the state of co-founder relationships? What questions get to the core issues? What are the signs that encourage and worry Rishi?

3.) To what extent does a co-founder leaving the company concern Rishi? In what circumstance is this understandable? How should this process be played out?

4.) How much of a role should VCs play post-investment in the relationship of the founders? What are the dangers of this? How should VCs balance helpful and over involved?

5.) Why is Rishi anti the rise of the very large Series? What are the inherent dangers of this? How does he convey this concern to founders?

Items Mentioned In Today’s Show:

Rishi’s Fave Book: The Tibetan Book of Living & Dying, Malcolm X

Rishi's Fave Blog or Newsletter: Wait But Why

As always you can follow Harry, The Twenty Minute VC, Rishi 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	You are listening to the 20 minute VC with your host Harry Stebings at H. Stebings on Snapchat,
0:04.8	and found writing some hopefully academic pieces largely relating to Mahito's and VC on Mahitovc.com.
0:11.1	What an appropriate name. And for the show today, we return to our feature of Mayfield Fund,
0:15.2	following our episode with Tim Chang on Monday, which if you have not checked out yet,
0:19.0	it is an absolute must. But joining us in the hot Seats Day, I'm thrilled to welcome Rishi Gorg.
0:23.6	Now, Rishi is a general partner at Mayfield Fund, where he focuses on new media platforms,
0:28.5	disruptive financial services and new marketplaces.
0:31.6	And prior to joining Mayfield, Rishi was vice president of corporate development and strategy
0:35.8	at Twitter, where he led the company's most
0:37.7	active M&A program, including the acquisitions of Periscope, Telepart, Tapp, Commer, and many others.
0:44.0	And prior to Twitter, Rishi was the first head of corporate development at Square.
0:47.7	Rishi was also the founder of a leading venture-backed startup, FanSnap, and has also held roles
0:52.2	at Google, Highland Capital Partners and Morgan Stanley.
0:55.4	I'd also like to say huge thanks to Tim Chang at Mayfield Fund for the intro to Rishi today.
1:00.1	However, before we chat all things V-C with Rishi, with the New Year, we all need new routines,
1:05.0	and as you know, one of mine is sleeping, and that's where the Simba hybrid comes in.
1:08.7	It's the most advanced mattress in the world,
1:16.7	with a unique combination of 2,500 conical pocket springs and responsive memory foam. It offers the perfect support for two people, which if like me you have a new girlfriend, that will
1:20.7	always get brownie points, a mattress that responds to you and your partner's sleeping patterns.
1:25.7	Delivered for free with a 100-night sleep trial,
1:28.4	free returns and a 10-year guarantee. Simply start your free trial at simba sleep.com.
1:33.3	Another target of mine for the new year is productivity, and there's no better for that than
	...

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