20VC: Why Every Employee Should Re-Apply For Their Job Every Year & The Strategies To Prepare For A Successful Fundraise with Kyle Hill, Founder & CEO @ HomeHero

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

🗓️ 15 July 2016

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Kyle Hill is the Co-Founder & CEO @ HomeHero, one of the largest providers of non-medical home care in California. HomeHero has provided over 1 million hours of care to thousands of families and won "Best Employment Website of 2014". Due to this immense success Kyle has been on CNN, Forbes, Wall Street Journal and many more. HomeHero has raised funds from some of the world's best investors including Chamath & Mamoon @ Social Capital, Jason Calacanis @ TWIST and Peter & Michael @ Science Inc.

Click To Play

UPVOTE ON PRODUCTHUNT

In Today’s Episode You Will Learn:

1.) How Kyle came to found HomeHero? What was the a-ha moment for him?

2.) Question from Mamoon @ Social Capital: Considering that this is not your typical software business; being largely people centric, how does Kyle think about the profitability of such a business?

3.) How much of a role does unit economics lay in the mind of Kyle? How does Kyle look to balance growth with profitability?

4.) How was the fundraising process for Kyle with Chamath & Mamoon @ Social Capital? What did Kyle do to prepare for the pitch? What did Kyle do well? What would Kyle look to improve upon? How would Kyle like VCs to treat him as a Founder?

5.) ?

Items Mentioned In Today’s Show:

Kyle's’s Fave Book: Black Swan

Kyle’s Fave Blog: The Best Designs.com

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

If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Snapchat here!

This episode was brought to you by DesignCrowd, the online marketplace for custom graphic, logo and web design that helps startups, entrepreneurs, web developers and agencies outsource design projects to designers from around the world.

How Does It Work?

Once you have launched your brief, designers will begin submitting quality designs for you to review. With some constructive feedback, you can quickly generate a large gallery of designs that really do fit your needs. You can have exactly what you need within just three days. Once you have selected your favourite design, you will be sent all the files you require to update your branding. If you don’t like any of the submitted designs, then DesignCrowd offers a money back guarantee. So checkout designcrowd.com/VC and enter the promo code VC100 to get an astonishing $100 off your next project.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to the 20 minute VC with your host Harry Stebbings at H. Stebbings on Snapchat.
0:05.1	Now, before we dive into the show, State, I have to say a huge congratulations to my brother Charlie
0:09.3	for graduating from university today, very special day, and we're all very proud of you.
0:14.2	But back to the show today, and I'm delighted to welcome a fantastic founder who's immensely
0:18.7	impressed me over the last six months or so in the form of
0:21.9	Kyle Hill, co-founder and CEO at Home Hero, one of the largest providers of non-medical home
0:27.6	care in California. And Home Heroes provided over a million hours of care to thousands of families
0:33.2	and won Best Employment website of 2014. Due to this immense success, Carl's been featured on CNN,
0:40.3	Forbes, Wall Street Journal and many more incredible publications, and Home Hero has raised funds
0:45.3	from some of the world's best investors, including Chamath and Mamouin at Social Capital,
0:50.9	Jason Kalakanis at This Week in Startups, and Peter and Michael at Science, Inc.
0:56.0	But before we meet Carl today, how important do you think design is to business success?
1:00.9	Well, design-driven companies have outperformed the S&P index by 219% over 10 years.
1:08.2	So place design at the centre of your business and check out design crowd.
1:11.9	It's the marketplace with over 500,000 registered designers there to help you get your logo,
1:18.3	custom graphics, actually pretty much any sort of design you want, absolutely nailed.
1:23.5	It's such a simple process as well. All you have to do is launch a project, wait for the designs to roll in.
1:29.4	Normally there'll be about 60 to 100, and then simply pick your favourites, and this can all be done over three days.
1:35.4	That's why huge agencies like HTC, Deloitte and Virgin Active have placed their trust in Design Crowd,
1:41.5	but it's also perfect for entrepreneurs and small businesses.
1:44.8	And you can check them out on DesignCrow.com forward slash VC, and enter the promo code VC100
1:50.5	to get an incredible $100 off your next project. However, it is now time for the show today,
	...

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.