20VC: Why Every CEO's Goal Should Be To Be The Laziest CEO, The Benefits of Being Both Founder and Investor At The Same Time & Why Every CEO Should Try A CEO Coach with Bart Lorang, Founder & CEO @ Full Contact
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 23 June 2017
⏱️ 23 minutes
🧾️ Download transcript
Summary
Bart Lorang is the Founder & CEO @ FullContact, the leading contact platform for professionals, teams and businesses. They have raised over $45m in funding from some of the best in the business and dear friends of the show in the likes of Foundry Group with Brad Feld, David Cohen and Techstars and Howard Lindzen at Social Leverage just to name a few. As well as being the rockstar founder @ FullContact, Bart has a unique position as he is also Managing Director @ V1.vc, a seed stage VC fund based in Colorado and San Francisco, providing Bart unique insight into both founding and investing in companies at the same time.
In Today’s Episode You Will Learn:
1.) How Bart made his way into the world of early stage startups and came to found FullContact?
2.) Bart is also a VC with V1, how does being both a founder and a VC affect how Bart views startups and operates @ FullContact? What have been the key learnings for Bart with regards to capital allocation and portfolio construction?
3.) Bart has a CEO coach being the famous, Jerry Colonna, so what was the catalyst for Bart's desire to have a CEO coach? What have been the inflection points in Bart's journey with Jerry? Should every CEO have a CEO coach?
4.) What does Bart believe are the core tenets to successful negotiation? What can be done to ensure a win-win situation for both parties? From what mindset should this be approached? Does Bart agree that you should only monetise to 30% of your value?
5.) Why does Bart pay every employee $7,500 per year to go on holiday on top of their standard salary? Whare the the key rules to ensure this is successful? What are the key benefits that can be derived from this essential vacation?
Items Mentioned In Today’s Show:
Bart’s Fave Book: Jonathan Livingston Seagull
Bart’s Fave Blog: Abundance Insider by Peter Diamandis
As always you can follow Harry, The Twenty Minute VC and Bart on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
eShares is the No 1 Cap Table Management platform, allowing for equity management, 409A valuations, and liquidity, all in one place. eShares is made for companies of all sizes with over 5,000 trusted customers including the likes of Squarespace, Kickstarter, and DoorDash just to name a few. To try out the must have service of the industry, simply head over to esharesinc.com it is a must.
Fond is the employee engagement suite with 3 core products, rewards: a recognition platform for rewarding achievements and milestones, perks: a premium corporate discounts program to show employees you care about them and then finally engagement IQ, a free employee engagement survey that allows you to measure the health of your organization. To check it out head over to fond.co
Transcript
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| 0:00.0 | You are listening to The 20-minute VC with me, Harry Stebbings, at H-Stebings with 2Bs on Snapchat, |
| 0:05.4 | and we are back in the world of Founders Friday today, following our feature of the incredible |
| 0:09.1 | benchmark team with our episodes with Peter Fenton on Monday and Mitch Lasky on Wednesday. |
| 0:13.6 | If you haven't checked them out, then that is a must. |
| 0:15.7 | But to the show today, and Founders Friday, and I'm thrilled to welcome Bart LaRang to the show |
| 0:19.8 | today. Bart is the Found and CEO at Full Contact, the leading contact platform for professionals, |
| 0:25.5 | teams and businesses, and they've raised over $45 million in funding from some of the best |
| 0:30.0 | in the business and dear friends of the show, including the likes of Foundry Group with Brad |
| 0:34.1 | Feld, David Cohen, tech stars, and Howard Lins Linsen at social leverage, just to name a few. |
| 0:38.9 | As well as being the rock star founder at Full Contact, Bart has a unique position as he's also |
| 0:43.3 | managing director at V1.VC, a seed stage VC fund based in Colorado and San Francisco, providing |
| 0:49.6 | Bart unique insight into both founding and investing in companies at the same time. |
| 0:54.1 | And I want to give a |
| 0:54.7 | huge hand to both Bradfeld and David Cohen for the intro to Bart today, without which this episode |
| 0:59.4 | would not have been possible. But before we dive into today's show, very few pieces of software |
| 1:03.8 | are a must for the majority of VCs I have on the show. But eShairs most certainly is. E Shares is the |
| 1:09.3 | number one cap table management platform, |
| 1:11.5 | allowing for equity management, 409A valuations and liquidity, all in one place. And E-shares is made |
| 1:17.3 | for companies of all sizes with over 5,000 trusted customers, including the lights of Squarespace, |
| 1:22.6 | Kickstarter and DoorDash, just to name a few. So try out the must-have service of the industry |
| 1:27.3 | and head over to e-shares inc.com. |
| 1:29.6 | It really is a must. |
... |
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