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

20VC: The Biggest Growth Opportunities for Young People in Tech Today, Why Distributed Workforces Are The Secret To Beating Incumbents & Why It Has Never Been Easier To Operate A Company Than Today with Andy Pflaum, Founder & CEO @ Astro

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

🗓️ 2 February 2018

⏱️ 29 minutes

🧾️ Download transcript

Summary

Andy Pflaum is the Founder & CEO @ Astro, the startup that brings email, calendar, and an AI-powered assistant together to help you focus on what’s most important. They have raised over $10m from leading West Coast investors such as Satish @ Redpoint, former guests Kent Goldman @ Upside and Michael Dearing @ Harrison Metal. As for Andy, prior to founding Astro, he spent 15 years in the valley, serving as the CMO @ Zimbra where he saw their immense scaling to their $350m acquisition by VMware where he then spent time on the other side of the table before moving to Chile to manage a family winery for 1.5 years.

In Today’s Episode You Will Learn:

1.) How Andy made his way into the world of startups, made the transition to large corporates with VMware and Yahoo, came to run a Winery in Chile before founding Astro?

2.) Found a startup, work in early-stage startup or work at large incumbent; where does Andy believe young people today have the biggest growth opportunities? How does this mean emerging startups have to react to attain that talent?

3.) Why does Andy disagree with the notion that more and more incumbents are falling? Why is it harder than ever to compete against such a strong set of incumbents? What are the dangers of dependency on paid growth?

4.) How does Andy feel about distributed workforces? What is core to attaining the individuals and then scaling them successfully as a team, in a distributed fashion? How does Andy feel about hiring technical talent in the bay today?

5.) Why does Andy also argue, despite the incumbents, that it is also easier than ever to operate a business today What are the core changes that have allowed for this to happen? How does Andy break down the tech stack they use for Astro?

Items Mentioned In Today’s Show:

Andy’s Fave Book: The Wright Brothers

Andy’s Fave Blog: Tom Tunguz, Michael Dearing: Harrison Metal

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

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

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Transcript

Click on a timestamp to play from that location

0:00.0

This is Founders Friday with me, Harry Stebbings, on the 20 minute VC, and if you'd like to see more

0:04.1

from me behind the scenes here, which is most of the time right now focused on health and nutrition,

0:08.4

then you can add me on Snapchat at H. Stebbings, or you can add me on Instagram at H. Debings

0:13.4

1996, both with two Bs. However, for the show today, and I always say the best part of the show

0:18.9

is building relationships with incredible people,

0:21.4

and today is really a case of instantly hitting it off and looking forward to many more years

0:25.2

of friendship and running with this guest. So joining us in the Hot Seats Day, I'm delighted

0:29.2

to welcome Andy Flom, founder and CEO at Astro, the startup that brings email, calendar, and

0:34.6

an AI-powered assistant together to help you focus on what's most important.

0:38.8

And they've raised over 10 million from leading West Coast investors such as Satish at Red Point,

0:43.4

former guest Kent Goldman at Upside, and Michael Deering at Harrison Metal.

0:47.1

As for Andy, he's probably got one of the most interesting backgrounds prior to founding Astro.

0:51.1

He spent 15 years in the valley serving as the CMO Zimbra, where he saw their

0:55.2

immense scaling to their $350 million acquisition by VMware, where he then spent time on the

1:00.5

other side of the table before moving to Chile to manage a family winery for one and a half years.

1:05.3

I think that's a first for a guest.

1:06.9

But now back with Astro, and if you haven't tried the product, truly, I wanted to do this show because I love the product so much.

1:12.8

And a big thank you to Michael Deering.

1:14.5

As always, so kind of him to stay to introduce us to Andy, so we really do appreciate that.

1:18.9

However, before we meet today's guest, it's the new year, and everyone is thinking of health and diet.

1:23.4

And so this month's partnerships will be aligned to that. And did you know that office snacks are the third most requested perk by employees,

1:29.9

with 83% suggesting it to be a huge perk?

...

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