20VC: Sarah Kunst on Why There Is Plenty Of Investor Money Still Available, The Megan Markle Effect and How It Impacts Hiring and Talent & Whether GP Commits Prevent Diversity and Inclusion

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

🗓️ 15 May 2020

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sarah Kunst is the Founder and Managing Director @ Cleo Capital with a portfolio including the likes of StyleSeat, Glow Bar and PlateJoy to name a few. Prior to venture, Sarah served as a senior advisor at Bumble where she focused on their corporate VC arm, Bumble Fund, and on the board of the Michigan State University Foundation endowment. If that was not enough, Sarah is also a contributing editor @ Vanity Fair. Due to her success, Sarah has been named a Future Innovator by Vanity Fair and a top woman in VC by Wall St Journal.

In Today’s Episode You Will Learn:

1.) How Sarah made her way into the world of venture from Bumble and how that led to her founding Cleo Capital?

2.) Does Sarah believe VCs really are still "open for business"? What does Sarah make of all the dry powder sitting on the sidelines? How does Sarah think reserve allocation strategies will change today? Why does Sarah believe another great vintage of funds is to come, as it did in 08'?

3.) What would Sarah most like to change about the world of venture? Does Sarah agree that GP commit expectations prevent diversity in venture? How was the fundraising process for Sarah? How can VCs prove skin in the game without having personal capital?

4.) What is the #1 piece of advice Sarah is giving her founders in these COVID times? How does Sarah advise her founders on approaching the talent market today? How does Sarah advise her founders on burn and capital allocation given COVID?

Items Mentioned In Today’s Show:

Sarah’s Fave Book: Attached: Are you Anxious, Avoidant or Secure? How the science of adult attachment can help you find – and keep

Sarah’s Most Recent Investment: Planet Forward

As always you can follow Harry, The Twenty Minute VC and Sarah and on Twitter here!

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

Transcript

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0:00.0	Welcome back to the 20 minute VC with me, Harry Stebbings, and I always love feedback for the show on
0:04.1	questions, on guests that you'd like to hear from. You can do that on Instagram at H. Stebbings,
0:08.5	1996 with two B's. But to the episode today, and I'm thrilled to welcome Sarah Kuntz to the
0:13.1	hot seat today. This really was such a fun one to do, and Sarah is the found and managing director at Cleo Capital, with a portfolio including the lights of style seat,
0:21.1	Globeau bar and plate joy to name a few. Prior to venture, Sarah served as a senior advisor at Bumble,
0:26.2	where she focused on their corporate VC on Bumble Fund and on the board of Michigan State
0:30.5	University Foundation Endowment. If that wasn't enough, Sarah is also a contributing editor at
0:34.8	Marie Claire magazine, and due to her success, Sarah has been named
0:37.7	a future innovator by Vanity Fair and a top woman in VC by Wall Street Journal. But before we
0:42.7	move into the show today, I'm sure you've heard about it, but my word, I just love this product,
0:46.8	Carter. Carter simplifies how startups and investors manage equity, track cap tables and get
0:51.9	valuations. Go to carter.com forward slash 20 VC to get 10% off.
0:56.9	More than 800,000 employees and shareholders use Carter to manage hundreds of billions of dollars in
1:02.0	equity and Carter now offers fund administration so you can see real-time data in the Carter platform
1:07.2	and work with Carter's team of experienced fund accountants. Simply go to Carter.com forward slash 20VC to get 10% off.
1:14.8	And speaking of teams there, did you know there will be 1.4 million job openings for developers
1:19.2	in 2020?
1:20.6	And that's where my friends at Terminal come in.
1:22.5	Terminal is a remote teams engine for fast-growing companies, connecting you with global
1:26.5	talent to deliver the product-building
1:28.2	powerhouse your business needs to grow. They provide services and infrastructure in a complete
1:32.6	solution that allows businesses to build and scale their remote engineering teams from the ground
	...

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