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

20VC: Tony Fadell on The 3 Hats of Being a CEO, How the Best Leaders Inspire, How to Create Your Own Role within a Company, The Art of Parenting and Teaching Children Resiliency & New York Times' 36 Questions on Love!

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

4.4637 Ratings

🗓️ 25 July 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

Tony Fadell, often referred to as the father of the iPod is one of the leading product thinkers of the last 30 years as one of the makers of some of the most revolutionary products in society from the iPhone and iPod to more recently founding Nest, creating the Nest Thermostat, leading to their $3.2BN acquisition by Google. Tony recently released Build, a masterclass taking 30 years of product and company building lessons and packaging them for you, check it out here.

In Today's Episode with Tony Fadell: New York Times' 36 Questions of Love

1.) On reflection, what would Tony most like to change about his childhood?

  • How did moving so much as a child change who Tony was as a person?
  • How can parents instill that same grit and desire in their kids today?
  • What does Tony think is the biggest problem with modern parenting?

2.) As a leader, should the company you are building be a family or a team?

  • What does Tony believe are the 3 hats of being a great CEO?
  • What is the biggest challenge in the transition between hats?
  • Where does Tony see many founders make the biggest mistake?
  • Which hat was Tony strongest with? What was he weakest with?

3.) How to solve the loneliness of being a solo founder?

  • Why does Tony believe that everyone needs a co-founder?
  • Why does Tony not like to invest in teams with a solo founder or more than 4 founders?
  • For Tony, what is the ideal composition of that founding team?
  • How does he test for these skills and traits pre-investing?

4.) How to think differently in the face of adversity?

  • Tony has made bold bets when everyone says he is crazy, how does he not question himself and remain strong in the face of criticism?
  • How does Tony know when to change his mind? When to accept that the bold idea was not right?
  • Is Tony concerned in the face of macro challenges today, investment and commitment to climate change will be cut heavily?

Transcript

Click on a timestamp to play from that location

0:00.0

This is 20 VC with me, Harry Stebbings, and today's show came about as this guest has been a phenomenal friend and advisor to me.

0:06.0

And in the chats that we have off record, on life, career, relationships, he always gives the best, best advice.

0:12.1

And I thought it would make for an amazing episode.

0:14.2

And so I'm thrilled to welcome back to the hot seat, Tony Fidel.

0:17.1

Keeping the bio short, he's often referred to as the father of the iPod and iPhone. He created

0:21.9

Nest, which he sold to Google for $3.2 billion, and now he's written Build most recently, one of

0:27.6

the best, and if you have not read that, then it's a total must. Again, this is a very wide-ranging

0:32.8

discussion on life between two friends. It is much less tech-centric than usual, but a fantastic discussion

0:39.0

on the things that really make us human. But before we move into the episode today, Harvard

0:43.5

management company is constantly seeking out the next generation of great investors and entrepreneurs.

0:48.6

HMC has managed Harvard University's endowment for nearly 50 years and was one of the first

0:53.4

institutional investors in

0:54.7

venture capital. Their experience and long-term investment horizon make them ideal partners

0:59.2

to get world-changing ideas on a path to viability and success. They work as a true partner,

1:04.5

providing insightful perspectives to help managers succeed. I personally have had the pleasure

1:08.9

of working with the HMC team and can say that

1:11.2

they're truly exceptional partners and savvy investors. Whether you're launching your first fund or

1:16.4

your fifth, HMC welcomes the opportunity to partner with both developing and established

1:20.9

managers. Have an idea you want to share with the team? Just send it to venture at HMC.harvard.

1:26.9

And speaking of amazing partners with HMC there,

1:30.3

Mercury is building full-stack banking for startups. Apply in under 10 minutes from anywhere for

1:35.8

FDIC insured bank accounts, physical and virtual debit cards, domestic and international wires,

...

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