20VC: Kleiner Perkins GP, Eric Feng on How The Best Funds Use Tech and Data To Find Companies, Why Entrepreneurs Start The Fire and VCs Add The Rocket Fuel & Why Consumer Is Harder Than Ever Today
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 3 July 2017
⏱️ 26 minutes
🧾️ Download transcript
Summary
Eric Feng is a Partner @ Kleiner Perkins, one of the world's leading venture capital firms with prior investments in the likes of Google, Amazon, Snapchat, Uber, Twitter and more. At Kleiner Eric focuses on consumer and incubation with his current being his co-founding role with Packagd, the startup building a family of apps offering a new mobile shopping experience. Packagd recently raised a $6m Series A led by Forerunner and GV. Prior to KPCB, Eric held the role of CTO at both Flipboard and Hulu.
In Today’s Episode You Will Learn:
1.) How Eric made his way into venture, all thanks to the help of Al Gore and Kleiner Perkins?
2.) What does Eric believe are the 2 opposing views of VCs? What side does it sit on? Has he always sat on that side? What was it that changed his mind?
3.) Why does Eric think consumer today is harder than ever before? How does the incumbency issue with regards to distribution affect Eric's thinking? Why does Eric believe we have never seen incumbents as strong as those of today?
4.) Why does Eric believe consumer companies are binary? How does this affect his attitude to price sensitivity? How does this influence his ownership requirements?
5.) How are VC funds building and using their own data platforms to find the best startups? Are we seeing the start of VC funds being disrupted by technology? What advantages does using this technology have?
Items Mentioned In Today’s Show:
Eric’s Fave Book: Adventures in The Screen Trade: A Personal View of Hollywood
Eric’s Fave Blog: TechMeme
Eric’s Most Recent Investment: Hollar
As always you can follow Harry, The Twenty Minute VC and Eric on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
eShares is the No 1 Cap Table Management platform, allowing for equity management, 409A valuations, and liquidity, all in one place. eShares is made for companies of all sizes with over 5,000 trusted customers including the likes of Squarespace, Kickstarter, and DoorDash just to name a few. To try out the must have service of the industry, simply head over to esharesinc.com it is a must.
Fond is the employee engagement suite with 3 core products, rewards: a recognition platform for rewarding achievements and milestones, perks: a premium corporate discounts program to show employees you care about them and then finally engagement IQ, a free employee engagement survey that allows you to measure the health of your organization. To check it out head over to fond.co
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We are back with the 20 minute VC, another week in the world of venture with me, Harry Stebbings, at H. |
| 0:04.8 | Stebbings with two bees on Snapchat. |
| 0:06.4 | And it would be great to see you there. |
| 0:07.6 | You can suggest guests for the show and questions for future guests. |
| 0:10.3 | Always immensely helpful for my research. |
| 0:12.2 | I'd love to see you there. |
| 0:13.1 | But to the show today, and we're heading to one of the world's leading VC funds with their portfolio, including the likes of Google, Amazon, Uber, Snapchat, Twitter, the list really does go on. |
| 0:22.3 | Yes, we're at Kleiner Perkins, where we're joined by Eric Feng, general partner, and most |
| 0:26.1 | recently co-founder at Packaged, the startup building a family of apps offering a new mobile |
| 0:30.8 | shopping experience. Packaged recently raised a $6 million series A, led by the fantastic |
| 0:35.4 | Kirsten Green at Forerunner and Google Ventures, or GV. |
| 0:38.4 | Prior to Kleiner, Eric held the role of CTO at Flipboard, the personal magazine app with over |
| 0:42.7 | 100 million users and $200 million in funding. I do also want to say a big thank you to Mike |
| 0:47.3 | Abbott at Kleiner for the intro to Eric today, without which this episode would not have been |
| 0:51.0 | possible. But before we dive into today's show, very few pieces of |
| 0:54.4 | software are a must for the majority of VCs I have on the show. But E-Shairs most certainly is. |
| 0:59.5 | E-Shairs is the number one cap table management platform, allowing for equity management, |
| 1:04.0 | 409A valuations, and liquidity, all in one place. And E-Shares is made for companies of all |
| 1:09.2 | sizes with over 5,000 trusted customers, |
| 1:11.8 | including the lights of Squarespace, Kickstarter and DoorDash, just to name a few. So try out the |
| 1:16.9 | must-have service of the industry and head over to e-shares inc.com. It really is a must. And once |
| 1:22.2 | you have all the paperwork tied down with e-shares, you can now engage with your employees. And |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.