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

20VC: Kleiner Perkins' Mamoon Hamid on The Strategy Behind The New $600m "Back To The Future" Fund, The Truth To Price Sensitivity at Series A & Why Venture Team Building Is Like Basketball Team Building

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

🗓️ 13 May 2019

⏱️ 33 minutes

🧾️ Download transcript

Summary

Mamoon Hamid is a Partner @ Kleiner Perkins, one of Silicon Valley's most prestigious venture firms counting Google, Airbnb, Amazon, Spotify, Square and many more $Bn companies among their portfolio. As for Mamoon, he has invested in and served on the boards of some of the most innovative software companies of recent times including Box, Figma, Intercom, Netskope, Slack and Yammer. Prior to joining Kleiner Perkins, Mamoon was a Co-Founder and General Partner at Social Capital and before that Mamoon was a Partner at U.S. Venture Partners (USVP), where he spent six years.

In Today’s Episode You Will Learn:

1.) How did Mamoon make the transition from electrical engineer to VC and how did that translate to his role today as Partner @ KPCB?

2.) With Kleiner's new $600m early stage fund, Mamoon had a blank canvas, how does Mamoon think about portfolio construction from a bottom-up perspective? Why is that strategy optimal? How important does Mamoon believe it is for VCs to have a sector focus today? What does he mean when he says, "VCs need to have both majors and minors"?

3.) In today's heated early stage ecosystem, how does Mamoon analyse and reflect on his own price sensitivity? What deal has changed the way he thought about price and he either regrets not paying it or is thrilled he did pay it? How does Mamoon feel about the compressed fundraising timelines we are seeing today? Is this a concern?

4.) How does KPCB think about reserve allocation with the new $600m fund? How do they approach the opportunity cost of dollar deployment in terms of when to stop following on? How does the investment decision-making process change when comparing initial to reserve investment?

5.) Where does Mamoon believe that founders need the most help from their venture investors? Where does Mamoon see the commonalities in founders struggles to scale themselves with their role? What are the biggest mistakes Mamoon sees being made when initial traction has been hit and they start to scale? How can founders avoid these?

6.) How does Mamoon think about and address what it takes to build the most successful and efficient venture partnership? How does Mamoon compare this to a basketball team? Is venture really a team sport today? what are some of the biggest challenges in scaling venture firms over time?

Items Mentioned In Today’s Show:

Mamoon’s Fave Book: Principles: Life and Work by Ray Dalio

Mamoon’s Most Recent Investment: Viz.ai

As always you can follow HarryThe Twenty Minute VC and Mamoon on Twitter here!

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

Transcript

Click on a timestamp to play from that location

0:00.0

We are back for another week in the world of the 20 minute VC with me, Harry Stebbings.

0:03.5

I would love to see you behind the scenes here and you can do that on Instagram at H. Stebbing's

0:07.4

1996 with 2Bs. I respond to all messages directly there. But to our guest today and a respected

0:12.9

and well-known figure in our industry. But what no one knows is actually a fun fact and it's the

0:17.5

first time I was in San Francisco as a nervous 18-year-old, not knowing

0:21.3

many people, this individual took the time to really sit down with me, discuss my career,

0:25.6

share their thoughts, discuss the options, and the plans moving ahead for me.

0:29.5

And I've never forgotten the kindness there, and I continue to be so grateful for all

0:32.9

the support that he's shown me.

0:34.3

And so with that, I'm thrilled to welcome back, Mamun Hamid. Mamun is a partner at

0:38.4

Kleiner Perkins, one of Silicon Valley's most prestigious venture firms, counting Google, Airbnb, Amazon,

0:44.3

Spotify, Square, and many more billion-dollar companies among their portfolio. As for Mamun,

0:49.3

he's invested in and served on the boards of some of the most innovative software companies of

0:53.0

recent times, including Box, Figma, Intercom, NetScope, Slack, and Yammer, just to name a few.

0:59.3

And prior to joining Kleiner Perkins, Mamun was a co-founder and general partner at Social Capital,

1:03.9

and before that was a partner at US Venture Partners, where he spent six years.

1:07.9

But before we dive into the episode today, a lot of what we do on the 20 minute

1:11.4

VC is discuss scaling businesses, talk to experts, pick the brains of founders and investors

1:16.1

who tell us about the trends to watch out for, offer tips on fundraising, and teach us how to

1:20.5

excel at any company stage. But there's no playbook for building a great business, but we can

1:25.1

certainly learn from people who've done it before. Beyond listening to this podcast and talking to mentors and advisors in your own network,

1:31.4

it's important to have resources you can turn to when you're tackling a new challenge,

...

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