20VC: The 4 Required Powers For A Startup To Be A $500m Business with "The Most Powerful Woman in Startups", Ann Miura Ko, Co-Founder @ Floodgate

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 4 July 2016

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ann Miura-Ko has been called "the most powerful woman in startups" by Forbes and is the Co-Founder of Floodgate, one of the valley's leading early stage funds with investments in the likes of Twitter, Twitch and TaskRabbit. Some of Ann's investments at Floodgate include Lyft, Ayasdi, Xamarin, Refinery29, Chloe and Isabel, Maker Media, Wanelo, TaskRabbit, and Modcloth. Ann is also a lecturer in the School of Engineering at Stanford University, where she got her PhD focused on mathematical modeling of computer security.

In Today’s Episode You Will Learn:

1.) How Ann made her way into the wonderful world of VC?

2.) Ann's 2nd day in VC was 9/11, how does Ann view investing in times of crisis and downturn? How does this effect the macro-economy and her investing cadence?

Floodgate state that all venture bankable high growth companies share 4 very common characteristics with regards to power. Here we break them down:

Proprietary Power: What is it? What are it's characteristics?
Product Power: What does this imply about product market fit? What are the nuances and complexities?
Company Power: What does it take to be created and maintained? How have so many unicorns established themselves without credible and sustainable business models?
Category Power: Why it is so important to create a new category? How can this be done and who has done it well in the past?

Items Mentioned In Today’s Show:

Ann’s Fave Book: The Poisonwood Bible

Ann's Fave Blog or Newsletter: Benedict Evans

Ann’s Most Recent Investment: The Greatist

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

If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Snapchat here!

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Transcript

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0:00.0	Welcome back to another week in the wonderful world of VC with the 20 minute VC and me, Harry Stebbings,
0:05.5	at H. Stebbings on Snapchat. And the last few weeks have been more wonderful than ever with the announcement
0:10.6	that my friend, mentor and advisor, Jason Lempkin, has raised the SaaS to fund, a $70 million fund to
0:16.9	invest in all things SaaS. And you must also check out the official SaaS to podcast if you
0:21.9	cannot get enough of everything SaaS. However, back to the show today, and I'm very excited for this
0:27.2	guest. Having seen her speak at Stanford and being in awe of her insight and ability, I had to have
0:33.0	her on the show. So joining me today is Anne Murakow, co-founded at Floodgate, one of the Valley's leading
0:38.9	early stage venture funds with Twitter, Twitch, Weebly, and many more, all in their immense portfolio.
0:46.0	And at Floodgate, Anne's investments include Lyft, Task Rabbit, Refinery 29, just to name a few.
0:52.2	And she's also been described as the most powerful woman in
0:54.8	startups by Forbes. And I do also have to say a huge thank you to Beezer at Sapphire Ventures for
1:00.3	making this introduction, without which this interview would not have been possible. However, before we
1:05.0	meet the most powerful woman in startups, I've always had a couple of weaknesses, whether it be
1:09.8	for Mahito's or for design. Now, I have to be
1:12.4	honest, the Mahito's one I can't solve. But on the design side, I've fallen in love with design
1:17.1	crowd. It's an online marketplace for custom graphic logo and web design that allows
1:22.2	startups, entrepreneurs and web developers to outsource design to designers from around the world. So if you're stuck
1:28.9	looking for creative ideas developing a logo, a site design, business cards, well, design crowd can
1:35.1	give you access to 500,000 creative minds, providing you exactly what you need in just three days.
1:41.7	But don't just trust me on this one. They work with huge brands like
1:44.8	Deloitte, Virgin Active, Absolute Vodka and HDC. So check out designcrowd.com forward slash VC
1:51.8	and enter the promo code VC100 for an incredible $100 off. Or just type in VC100 when posting a project
	...

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