4.4 • 637 Ratings
🗓️ 17 July 2017
⏱️ 28 minutes
🧾️ Download transcript
Kirsten Green is the Founding General Partner @ Forerunner Ventures, where she has raised over $250M from leading investors and has invested in more than 40 early-stage companies. Forerunner Ventures is the only VC firm to invest in both Dollar Shave Club and Jet.com, two of the biggest and highest-profile e-commerce exits in recent years, and counts Birchbox, Bonobos, Glossier, Hotel Tonight, Warby Parker and Zola among its portfolio companies. She’s been honored in Time’s 100 Most Influential People in 2017, named VC of the Year at TechCrunch’s 2017 Crunchies Awards, and is part of Forbes 2017 Midas List.
In Today’s Episode You Will Learn:
1.) How Kirsten came to found one of the most successful early stage funds of the past decade in Forerunner?
2.) Question from Michael Kim @ Cendana: How does Kirsten view the optimal portfolio construction theory for a thematically specialized consumer fund? What is the one question Kirsten asks herself pre-investing in a startup?
3.) Question from David Pakman @ Venrock: Given the scope of consumer as a space, is Forerunner large enough to attain the required ownership levels? What does this mean for the future of Forerunner in terms of further funds, opportunity funds and entry points?
4.) What are the 3 core principles to developing an exciting investment opportunity in the consumer space? What commonalities do they have? What do you look for in a consumer brand founder that might be different from a software founder?
5.) Why does Kirsten believe that Amazon has done more to make the market opportunity than they have to crush it? What makes Kirsten believe we really are in the early innings for commerce? How will we see the notion of brand evolve over the coming years?
Items Mentioned In Today’s Show:
Kirsten’s Fave Book: Charlie and The Chocolate Factory
Kirsten’s Fave Blog: TheSkimm
Kirsten’s Most Recent Investment: Packagd
As always you can follow Harry, The Twenty Minute VC and Kirsten on Twitter here!
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0:00.0 | You are listening to the 20 minute VC and we are back in the world of venture with me, |
0:03.6 | your host, Harry Stebbings, and you can find me on Snapchat at H. Stebbings with 2Bs, where you |
0:08.0 | can suggest future guests for the show and submit questions for upcoming guests. |
0:11.7 | And speaking of upcoming guests, today's guest is a truly special one. I know I seem excited by |
0:16.4 | a lot of guests, but today, wow, we have a special individual on the show, clear through the fact that 13 individuals recommended her for the show, an all-time record. So, joining me in the hot seat, |
0:25.9 | I'm thrilled to welcome Kirsten Green, founding general partner at Four Run Adventures, where she's |
0:30.7 | raised over $250 million from leading investors and has invested in more than 40 early stage |
0:36.0 | companies. Four Run Adventures is the only VC firm to invest in both Dollar Shave Club and Jet.com, |
0:41.7 | two of the biggest and highest profile e-commerce exits in recent years, |
0:45.1 | and counts Birchbox, Bonnebos, Glossier, Hotel Tonight, |
0:48.7 | Warby Parker and Zola amongst its incredible portfolio. |
0:51.7 | She's also been honoured in times 100 most influential people |
0:54.5 | in 2017, named VC of the year at TechCrunch's 2017 Crunchy's Awards, and is part of Forbes 2017 Midas |
1:01.6 | list. I do also want to say a massive thank you to Michael Kim at Sendana, Kara Nortman at Upfront Ventures, |
1:07.0 | and Leila at Capital G, and many more incredible individuals for suggesting to have Kirsten on the show. |
1:12.2 | A huge thank you to them. But before we dive into the show today, I want to tell you about |
1:15.9 | WePay. WePay helps online platforms increase revenue through integrated payments processing, |
1:21.1 | constant contact, equid and GoFundMe use WePay. Why? Because WePay uniquely helps platforms |
1:26.7 | offer ROI positive integrated payments to their |
1:29.5 | users. Within their UX and without taking on fraud and regulatory exposure, others make you trade off |
1:34.5 | between UX friction or fraud, not WePay. WePay also offers award-winning support and can even work |
1:39.9 | with your team through Slack or Zendesk. Get the payments revenue you want without getting bogged down |
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