4.4 • 637 Ratings
🗓️ 11 October 2017
⏱️ 29 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Samir Kaji is what one might call, a master of all things seed stage and micro VC financing. Over his 18 years in venture capital, Samir has assisted or advised over 700 companies and 300 VC firms and has completed tech financing transactions totaling over $4.0 billion in committed capital. Today, Samir is the Senior Managing Director @ First Republic Bank where leads the technology banking team managing venture capital and startup company relationships. He joined First Republic in 2013 from Silicon Valley Bank, where he was also a managing director.
In Today’s Episode You Will Learn:
1.) How Samir made his entry into the world of VC from the ground up and has come to advise and assist on over $4Bn worth of capital commitments?
2.) Where is the micro VC and seed market today? What is the overview? What has fundamentally changed over the last few years? Are all increases in capital supply good or is this too much? Why is Samir concerned by valuation bloat at seed?
3.) How are LPs reacting to this explosion in seed and micro fund managers? How does this differ when assessing the differing classes of LP from institutions to HNWs and family offices? What are the likelihoods of 1st-time funds attaining institutional capital?
4.) How should potential managers think about the right fund size to raise? How long a timeline should be given to the raising of micro and seed funds? What exceptions are there to this timeline? How does the role of multiple closings play into this timeline?
5.) How does Samir differentiate between raising a fund and building a franchise? What does this mean about how a certain set of anagers not only engages in the fundraising process but also depicts the narrative?
Items Mentioned In Today’s Show:
Samir’s Fave Book: Hard Thing About Hard Things
Samir’s Fave Blog: Strictly VC, AVC by Fred Wilson
As always you can follow Harry, The Twenty Minute VC and Samir on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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0:00.0 | You are listening to the 20 minute VC with the terrible British accent that is me, Harry Stebbings, |
0:04.6 | at H. Stebbings, with two Bs on Snapchat, and I'd love to hear your thoughts on future guests you'd |
0:08.9 | like me to have on the show. The more contrarian and charismatic the better, but to the show today, |
0:13.5 | and on Monday we had the legend of micro VC Michael Deering on the show. If you haven't checked that one out, then it really is a must. But today we're going to another side of the table, as we welcome Samir Khagi to the hot seat. Now, Samir is what one might |
0:25.2 | call a master of all things seed stage and micro VC financing. Over his 18 years in VC, |
0:30.8 | Samir has assisted or advised over 700 companies and 300 VC funds and has completed tech |
0:36.3 | financing transactions totaling over $4 billion in capital committed. |
0:40.3 | Today, Samir is the senior managing director at First Republic Bank, where he leads the technology banking team managing VC and startup company relations. |
0:48.3 | Samir joined First Republic in 2013 from Silicon Valley Bank, where he was also a managing director. |
0:53.3 | Now, normally, I thank an individual for the introduction to the guest, but Samir and I met so long ago when he was first on the show that quite frankly my aging memory escapes me, but I do want to say huge thank you personally to Samir for being such an incredible friend and advisor to me in my journey. I really do so appreciate it, Samir. But before we move into the show state, if you're a founder or operator, your most important job is people operations, whether that be |
1:15.3 | hiring execs, developing managers, or retaining top talent. And that's why you need lattice. |
1:20.5 | Latis is the number one performance management solution for growing companies. With lattice, |
1:24.6 | it's easy to launch 360 performance review cycles as often as you want. |
1:28.8 | And you also get an incredible continuous feedback system with OKR goal tracking, real-time feedback, |
1:34.0 | and one-on-one meetings to ensure employees get feedback between reviews. So find out why the |
1:38.7 | likes of Coinbase, PlanGrid, Birchbox and We Pay trust Lattis as their performance management |
1:43.4 | solution by heading over to |
1:44.6 | lattice.com to start investing in your people. That's lattice.com, the number one performance management |
1:49.9 | solution for growing companies. And speaking of number one there, you must check out Recurly. The company |
1:54.6 | powering subscription success with Recurley's Enterprise Closs subscription management platform, |
1:59.4 | providing rapid time to value without requiring |
2:01.9 | massive integration effort and expense, and they have the ability to not only increase revenue by |
... |
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