20VC: Twitter Co-Founder Biz Stone on The 3 Stages of Wealth, The Return To Twitter in 2017 and the Associated Missions and Challenges & Why Silicon Valley is not an "Insiders Only" Universe?

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

🗓️ 8 January 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Biz Stone is best known as the Co-Founder of Twitter and Medium. Biz is also an investor in the likes of Slack, Square, Intercom, Beyond Meat and Blue Bottle Coffee. Biz also co-founded Jelly, a "human in the loop" AI search service, which was acquired by Pinterest. Due to his many successes, Biz has been recognized as INC Magazine Entrepreneur of the Decade and one of TIME's 100 Most Influential People in the World.

In Today’s Episode You Will Learn:

1.) How did Biz make his way into the world of startups and come to found Odeo/Twitter one day on a car trip with Ev Williams?

2.) How does Biz evaluate his relationship to money? How does Biz think about teaching his son the value of money? What does Biz mean when he says wealth 'accentuates your current self"? How did Biz get off the treadmill of always wanting and chasing more?

3.) How does Biz think about insecurity and self-doubt? How does Biz approach saying no? How does he get comfortable with not always being Mr Popular? What is so challenging here? How does Biz feel about founding tieing their identities to their company?

4.) Why did Biz come back to Twitter in 2017? With hindsight, what would he have done differently if he were to return again? What were the biggest challenges when he arrived? Why was internal morale low? What did he and Jack do to increase it? What worked? What did not?

5.) Why does Biz not feel Silicon Valley is an "insider-only" universe? Why does Biz feel Silicon Valley is a mindset? How does Biz think about the decentralisation of talent moving forward? How does Biz compare the UK to the US startup ecosystem? What is worse in the UK?

Item’s Mentioned In Today’s Episode

Biz's Favourite Book: Emergence: The Connected Lives of Ants, Brains, Cities and Software

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

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

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to the 20 minute VC with me, Harry Stebbings, and following you from our episode
0:03.6	with Howard Marks and Bill Gurley on Monday, we have another blockbuster episode for you today.
0:08.0	If you listen to one of my favourite episodes from last year, Owen McCabe at Intercom, he said
0:12.2	Biz Stone was one of the most influential people to his journey. And today I'm so thrilled to be
0:16.5	joined by Biz, best known as the co-founder of Twitter and Medium. Biz is also an investor in the lights of Slack, Square, Intercom, Beyond Meat and Blue Bottle Coffee,
0:25.4	to name a few.
0:26.3	Biz also co-founded Jelly, a Human in the Loop AI search service, which was acquired by Pinterest.
0:31.4	And due to his many successes, Biz has also been recognized as one of times 100 most influential
0:36.2	people in the world.
0:37.3	And I do want to say a huge thank you to Owen McCabe and Fred Blackford for some fantastic
0:41.4	question suggestions today.
0:42.8	I really do appreciate that.
0:44.5	But before we move into the show today, Secureframe helps companies get enterprise ready by
0:48.8	streamlining SOC2 and ISO-27,01 compliance.
0:52.8	Secureframe allows companies to get compliant within weeks,
0:55.8	rather than months. Join companies like Stream, Hesura, Benapass, and unlock more sales with
1:01.2	Secureframe. 20VC listeners get 10% off at Secureframe.com forward slash 20VC. And if Secureframe
1:08.1	are there to solve your compliance problems, you have to check out Cooley to solve your legal problems. Kulia, the global law firm built around startups and venture
1:15.4	capital. Since forming the first venture fund in Silicon Valley, Kooleys form more venture capital
1:19.9	funds than any other law firm in the world, with more than 50 years working with VCs.
1:24.5	They help VCs form and manage funds, make investments, and handle the
1:28.2	myriad of issues that arise through a fund's lifetime.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.