4.4 • 637 Ratings
🗓️ 20 February 2017
⏱️ 30 minutes
🧾️ Download transcript
Pejman Nozad is the Founding Managing Partner @ Pear.vc, one of the leading seed stage funds in the valley. However, Pejman did not enter the tech industry like most venture capitalists. Having immigrated from Iran, he lived in an attic above a yogurt shop and took a job at a rug store in the Valley. But he immersed himself in what was happening in technology. Slowly, with a few small investments, he developed a reputation for identifying talent and helping take promising ideas to the next level. From next to nothing, he built a $20B portfolio, investing in over 100 startups and seeding several multi-billion dollar companies such as Dropbox, Lending Club, SoundHound and Gusto.
In Today’s Episode You Will Learn:
1.) How Pejman made his way from football in Iran to rug dealer in Palo Alto to leading seed stage VC?
2.) Mike Moritz has previously said that 'a call from Pejman is a call he will always take'. What led Mike to say this? What makes Pejman the brilliant networker and community builder that he is?
3.) How does Pejman assess early stage founders and teams? From seeing an early Andy Rubin, what did Pejman take from that as to what makes the best founders?
4.) Pejman invested $400K in Andy Rubin's Danger which exited 8 years later for $500m yet Pejman only 2x his money. What did he take from this? What have been the other major learning inflection points for Pejman in the journey?
5.) From working alongside some of the best investors of our generation, what does Pejman perceive to be the commonalities of the best investors? How do they operate? How do they evaluate early stage opportunities?
Items Mentioned In Today’s Show:
Pejman’s Fave Book: Power of Now
Pejman's Most Recent Investment: Gfycat
As always you can follow Harry, The Twenty Minute VC and Pejman on Twitter here!
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Cooley are the global law firm built around startups and venture capital. Since forming the first venture fund in Silicon Valley, Cooley has formed more venture capital funds than any other law firm in the world, with 50+ years working with VCs. They help VCs form and manage funds, make investments and handle the myriad issues that arise through a fund’s lifetime. So to learn more about the #1 most active law firm representing VC-backed companies going public. Head over to cooley.com and also at cooleygo.com.
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0:00.0 | Hello and welcome back to the 20 minute VC with me, your host Harry Stebbings, found most often on |
0:04.5 | Snapchat at H. Stebbings with 2Bs, or writing some hopefully more academic posts on the blog, |
0:09.7 | mahitovc.com. I'd love to hear your thoughts and feedback on that. However, to the show today, |
0:14.7 | and I really want to start today by saying today's guest is one of the kindest, most genuine, |
0:19.0 | and without a doubt the most inspiring guest I have had on the show so far. |
0:22.5 | I feel very honoured to welcome Pejman Nozad to the show today. Now Pejman is the founding managing |
0:27.0 | partner at Pear VC, one of the leading seed stage funds in the valley. However, Pejman did not enter |
0:32.1 | the tech industry like most VCs. Having immigrated from Iran, he lived in an attic above a yogurt shop and took a job at a |
0:38.6 | rugstore in the valley, but he immersed himself in what was happening in technology, and slowly |
0:42.9 | with a few small investments, he developed a reputation for identifying talent and helping take |
0:47.8 | promising ideas to the next level. From next to nothing, he's built a portfolio worth over |
0:52.2 | $20 billion, investing in over 200 startups and seeding |
0:56.0 | several multi-billion dollar companies such as Dropbox, Lending Club, Soundhound and Gusto. |
1:02.0 | Now, I never get political, but I do think Pejman's current PIN tweet says a lot. |
1:06.0 | It reads, I was once an undocumented immigrant. Now I'm a VC, I've backed over 200 companies worth over 20 billion, and I've created thousands of jobs. |
1:14.6 | I think that really says it all and we're very lucky to have incredible and inspiring people like Pejman in the industry today. |
1:19.6 | I'd also like to say a huge thank you to Josh Reeves at Gusto for the intro to Pejman today, without which the show would not have been possible. However, before we dive into the show today, you must check out Intercom. |
1:30.1 | Intercom is the first to bring messaging products for marketing and customer support together |
1:34.3 | on one integrated platform. With Intercom, businesses can chat directly with prospective customers |
1:39.5 | on their website. They can engage current users with targeted messages based on their behavior and provide |
1:45.0 | personal support at scale with an integrated help desk and knowledge base. All products are powered |
1:50.0 | by live customer data, helping businesses avoid the stiff, spammy status quo and have real conversations |
... |
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