20VC: Why and How Traditional Venture Firms Need to Innovate, Building Spreadsheets To Figure Out Relationships to Money, Ego and Identity Management with Success and The Biggest Lessons from Working with Mark Zuckerberg in the Early FB Days with Ruchi Sa

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

🗓️ 10 June 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ruchi Sanghvi is a Founder and Partner @ South Park Commons Fund, a home for the most talented technologists, builders, and domain experts figuring out what's next. Prior to SPC, Ruchi was the first female executive at Dropbox and served as their Vice President of Operations. Prior to Dropbox, Ruchi was the first female engineer at Facebook, and was instrumental in implementing the first versions of key features like News Feed, Facebook Platform, Facebook Connect and Privacy. Ruchi has also served as a director on the board of Paytm, India’s largest mobile payments platform. Prior to SPC, Ruchi was an active angel investor in 50+ companies including Gusto, Pinterest, Paytm, Brex, Figma, and Stemcentrx.

In Today's Episode with Ruchi Sanghvi:

1.) From First Female Engineer To Community Leader and Fund Manager:

How Ruchi made her way into the world of tech becoming the first female engineer at Facebook?
What were her biggest lessons from her time at Facebook?
What does Ruchi believe makes Mark Zuckerberg the special leader he is?
How did Ruchi's time at Dropbox impact how she operates today?
Does Ruchi agree with the Facebook motto, "move fast and break things"?

2.) Answering Life's Big Questions: Ego, Money, and Insecurity:

What advice did Ruchi's father give her before he passed away that really impacted how Ruchi operates and acts in the world today?
How does Ruchi assess her own relationship to money? How has it changed over time? How does she use a spreadsheet to measure her relationship to money?
Having had such success so young, how does Ruchi approach ego management? When has Ruchi been arrogant in the past? How does she manage her ego today?
What are Ruchi's biggest insecurities today? Why are they?

3.) Will DAOs Replace Venture Capital:

How does Ruchi analyze the crypto fund landscape today? Where are the opportunities?
Does Ruchi believe that large multi-stage firms can simply hire crypto partners and win in the new world of Web3 and crypto?
How does Ruchi believe DAOs will disrupt the venture model today? Will DAOs displace institutional LP dollars from venture funds and be directed to DAOs?
How are DAOs governed today? Who makes the decisions? How are tokens allocated?

4.) -1 to Zero: The Art of the Pick:

What does Ruchi mean when she speaks of -1 to zero? What stage of company formation is this?
What is the right framework by which founders should approach picking an idea to work on?
How should a founder know when to give up and try a new idea?
What are the most common mistakes founders make in this stage of idea picking?

Transcript

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0:00.0	You are listening to 20 VC with me, Harry Stebbings, and what a guess we have in store for you today.
0:04.5	She was the first female exec at Dropbox, she was the first female engineer at Facebook, and now
0:09.7	has built the community of all communities. And so with that, I'm thrilled to welcome
0:14.1	Ruchi Sangvi, found and partner at South Park Commons, a home for the most talented
0:18.7	technologists, builders and domain experts, figuring out
0:21.9	what's next. Just last year, Rucci raised an incredible $150 million for South Park Commons
0:27.0	fund from some of the biggest tech luminaries. Prior to SPC, Rucci was an active angel investor
0:32.6	in 50 plus companies, including Gusto, Pinterest, Paytm, Brex, Figma, and STEMCentrics, to name a few.
0:40.0	I'd also want to say a huge thank you to Ava Chal Gorg for the intro, and Anuragat Renda and
0:44.7	Aditya Agarwal for some amazing questions suggestions today, really did make such a difference.
0:49.5	But before we move into the show state, in an increasingly competitive venture capital
0:53.7	landscape,
0:54.5	it's more important than ever to have the right data to keep your edge.
0:58.1	Core signals high-quality alternative data is a cornerstone for investors seeking to identify
1:03.3	opportunities, quantify startup traction, and assess risk. Leverage more than 20, continuously
1:08.8	refreshed datasets collected from public web sources,
1:12.0	used in combination. These sources offer a 360 degree view of any selected company or industry.
1:18.0	Head over to coresignal.com forward slash 20 VC and download a free ebook that explains how
1:23.8	VCs today use alternative data to outperform their competition.
1:28.0	That's Corsignal.com forward slash 20VC.
1:31.4	And speaking of incredible tools like CoreSignal there, from websites and online stores to
1:35.8	marketing tools and analytics, Squarespace is the all-in-one platform to build a really
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