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

20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess

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

🗓️ 30 July 2018

⏱️ 29 minutes

🧾️ Download transcript

Summary

Adam Goldberg is a Partner @ Lightspeed Venture Partners, one of the world's leading funds with a portfolio including the likes of SNAP, Mulesoft, Max Levchin’s Affirm, AppDynamics and many more incredible companies. As for Adam, at age 13, Adam enrolled as a full-time student at UC Berkeley, where he studied pure and applied mathematics and conducted research in number theory and machine learning. He went on to work as a mathematician for the Department of Defense and as a researcher Berkeley, Wisconsin-Madison and Stanford. Following that, Adam worked as an engineer at Palantir and Dropbox and was an early product manager at Rubrik. In 2016, Adam left Rubrik to become a partner at Lightspeed where he has invested in the likes of Basis, Vector and Totemic Labs, just to name a few.

In Today’s Episode You Will Learn:

1.) How Adam made his way into the world of venture from the department of defence and working at titans such as Palantir and Dropbox?

2.) Why does Adam believe the rate of founder learning is the most important skill that an investor can evaluate and assess? What does optimizing for learning really mean to Adam? In practice, what can one do to optimize for learning? What are the common traits and signs of those founders that do this well?

3.) Why does Adam believe that there remains today no mass market decentralised consumer product? What is needed for this to happen? How does Adam forsee the development of token economics over the coming years? What novel token financing solutions does Adam respect? What is required within token economics for Adam to gain real comfort?

4.) Why does Adam believe that the Telegram ICO got such attention? Why is Adam fundamentally bullish on the opportunity? What 2 core characteristics does Telegram have that are required for crypto projects to be successful? On the other side of the table, where is there cause for concern when reviewing the opportunity?

5.)How does Adam think about "betting on fundamental trade-offs in crypto"? What are the 4 key trade-offs that founders must contemplate? What are the trade-offs that Adam is willing to accept vs not accept? How does Adam envisage the willingness to accept trade-offs so widely, change over time in the space?

Items Mentioned In Today’s Show:

Adam’s Fave Book: Flowers for Algernon

Adam's Most Recent Investment: Strangeworks

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

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Transcript

Click on a timestamp to play from that location

0:00.0

You are listening to The 20 Minute VC with me, Harry Stebbings, and I'd love to see on Instagram

0:03.8

at H. Stebbings, 1996, with two B's, where you can see all things behind the scenes from us at the 20

0:09.4

20 minute VC, but to the show today, and without sounding terrible, rarely do I feel bad about

0:14.0

where I am in life for my age, but when I meet a guest as accomplished as brilliant as today's. I do slightly get that feeling, and so I'm thrilled to

0:21.3

welcome Adam Goldberg, partner at Lightspeed Venture Partners, one of the world's leading venture funds,

0:26.2

with a portfolio including the lights of Snap, Mulesoft, Max Levchin's a firm, App Dynamics, and many

0:31.7

more incredible companies. As for Adam, check this out. At the age of 13, Adam enrolled as a

0:36.6

full-time student at UC Berkeley,

0:38.3

where he studied pure and applied mathematics and conducted research in number theory and machine learning.

0:44.0

He then went on to work as a mathematician for the Department of Defense and as a researcher

0:48.3

for Berkeley, Wisconsin-Madison, and Stanford. And following that, Adam worked as an engineer

0:52.8

at Palantir and Dropbox and was an early

0:55.1

product manager at Rubrik. In 2016, Adam left Rubrik to become a partner at Lightspeed,

1:00.2

where he's invested in the lights of Basis, Vector and Totemic Labs, just to name a few. I'd also

1:05.0

want to say a huge thank you to Alex Towsig and Barry Eggers. For the intro to Adam today, I really do so appreciate that. But before we meet

1:11.9

today's guest, are you told your standards are too high? Well, the league is the app that tells you

1:17.0

to keep them that way. They know your time is valuable, so simply tell them your preferences,

1:21.0

and they will handle the scouting and vetting for you. Plus, even better, your profile will only be

1:26.0

seen by people who match your preferences.

1:28.4

Matches expire after 21 days, and so there are no drawn-out games. And they even require LinkedIn

1:33.6

to protect your privacy and block you from matching with co-workers and business connections.

1:37.9

I have to say, I am a big fan, and you can apply now by downloading the league on the app store,

...

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