4.4 • 637 Ratings
🗓️ 29 August 2016
⏱️ 31 minutes
🔗️ Recording | iTunes | RSS
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Peter Pham is a Co-Founder at Science, the startup studio that helps incubate companies co-building them alongside CEO's, with recent companies like Dollar Shave Club (acquired by Unilever for $1B) and leading marketplace, DogVacay. More recently Science created created one of the top 100 iOS Apps called Wishbone. Peter has also helped his portfolio raise over $350M in that time. Previously as an operator, he led Photobucket to its $300M acquisition by Fox Interactive Media as well as CEO of BillShrink (acquired by MasterCard.)
In Today’s Episode You Will Learn:
1.) How Peter made the transition from operator to company builder with Science?
2.) How does Peter approach the fundraising process itself? How does he instruct founders about the right ways to approach and enter the fundraising game?
3.) How can entrepreneurs determine whether a VC is saying not to them? What are the signs that an investor is genuinely interested?
4.) With 3,000 no's from investors, how does that affect Peter's mentality? How does he avoid the negativity surrounding a VC saying no?
5.) What are Peter's major learnings on how companies scale effectively today? How important are network effects to this scaling?
Items Mentioned In Today’s Show:
Peter’s Fave Blog and Newsletter: Recode
Peter’s Fave Book: How To Win Friends & Influence People
Peter's Most Recent Investment: Handstand App
As always you can follow Harry, The Twenty Minute VC and Peter on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
Click on a timestamp to play from that location
0:00.0 | Welcome back to another week in the wonderful world of VC. I'm your host, Harry Stebbings, at H. |
0:04.5 | Stebbing's on Snapchat, and you're listening to the 20-minute VC. Now, for the show today, I'm thrilled |
0:08.7 | to welcome Peter Fam. Peter is the co-founder, Science, the startup studio that helps incubate |
0:13.9 | companies co-building them alongside their CEOs, with recent companies like Dollar Shave Club, acquired by Unilever for $1 billion, and leading marketplace |
0:22.5 | Dog VayK, who we actually had on the show with Aaron Hirshorn coming on. |
0:26.0 | More recently, Science created one of the top 100 iOS apps called Wishbone, and Peter's also |
0:31.2 | helped his portfolio raise a staggering $350 million in that time, and previously as an operator, |
0:37.1 | he led Photo Bucket to its $300 million |
0:39.1 | acquisition by Fox Interactive Media, as well as being CEO of Bill Shrink, acquired by |
0:44.0 | Mascard in 2012. Now, I have to say, this call was scheduled to be 30 minutes. 75 minutes |
0:49.2 | later, we were still chatting. Really was such great fun and one of my favorite shows |
0:53.4 | to record. And a huge hand to |
0:54.9 | Mike Jones at Science for making the introduction today without which the interview wouldn't have |
0:58.5 | happened. However, before we meet Peter, how did you sleep this weekend? Because the weekend is time to |
1:03.6 | sleep and unwind, but a great mattress makes it a lot easier. That's where Eve come in. Even the |
1:09.2 | makers of that great mattress with three-layer |
1:11.4 | technology and next generation memory foam, it comes packaged in a beautiful box and arrives the |
1:16.5 | day after you order. They also offer a 100-night trial so you can ensure the mattress is perfect |
1:21.0 | for you with free return pickup. So what's the risk? Go to eavemattress.co.uk. Enter 20 VC |
1:27.2 | and they'll give you a staggering 50 pounds off, |
1:29.9 | and it'll be with you the next day. However, enough from me, so I'm now delighted to handover |
1:33.9 | to the main man, Peter Fam, co-founder at Science. |
... |
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