4.4 • 637 Ratings
🗓️ 17 May 2017
⏱️ 26 minutes
🧾️ Download transcript
Scott Raney is a Partner @ Redpoint Ventures, one of the valley's leading multi-stage funds with over 434 investments, close to $4bn in assets under management and 136 IPOs and M&A. At Redpoint Scott has made investments in the likes of Twilio, Stripe and Heroku, just to name a few. Prior to Redpoint, Scott was responsible for new products at NorthPoint Communications, and before that Scott worked at Bain & Company helping clients in the private equity and technology industries.
In Today’s Episode You Will Learn:
1.) How Scott made his first forays into the world of VC and came to be a Partner @ Redpoint Ventures?
2.) Why does Scott think it is a good thing that we have seen company funding down 6 quarters in a row? What does this mean for startups trying to raise?
3.) What 2 types of companies will continue to find it easy to raise in these markets? What types of companies will struggle to raise? Is there market cyclicality or a return to normal more sustainable times?
4.) Why are investors a lot less willing to take future fundraising risk? How does Scott view the optimal investment decision-making process for a VC partnership? Why does unanimity not work?
5.) Why does Scott believe it is dangerous to be a spreadsheet investor? With the bar being higher today, what are the milestones that startups need to reach in order to be attractive from an investment perspective?
Items Mentioned In Today’s Show:
Scott’s Fave Book: Born To Run By Bruce Springsteen
Scott’s Fave Blog: Tom Tunguz
Scott’s Most Recent Investment: Hashicorp
As always you can follow Harry, The Twenty Minute VC and Scott on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
Eight is a sleep innovation company. With their latest product, the Eight Smart Mattress, being a bed that literally tells you how well you slept last night, paired with an intelligent sensor cover that measures the quality of your sleep and delivers a daily sleep report. In order to bring you the best product, Eight used anonymized sleep data and feedback from over 10,000 people, to understand which materials and types of mattresses give customers the best sleep resulting in their unique blend of four responsive and high-density foam layers plus one layer of proprietary technology that helps people track and improve their sleep. You can check it out on Eightsleep.com – and if you use the code 20VC you will get a whopping 20% discount!
FullContact provides the ability to organize your contacts, gain rich insights into them and therefore build deep relationships. With features like automatically identifying and merging duplicate contacts to the ability to snap a photo of a business card and FullContact will transcribe them for you, so no more lost and loose business cards at events. It is with these features just being the tip of the iceberg, FullContact really is the best all in one solution for contact management and you can check them out on fullcontact.com.
Click on a timestamp to play from that location
0:00.0 | This is the 20 minute VC with your host Harry Stebbings, and I'd love to see you on my favourite platform Snapchat, and you can find me there on at H Stebbings. |
0:07.5 | All ads get a personal message from me. |
0:09.5 | However, to the show stay, and I'm thrilled to welcome Scott Rainey to the show. |
0:12.8 | Now, Scott is a partner at Red Point Ventures, one of the Valley's leading multi-stage funds, with over 434 investments, close to $4 billion in assets under management, and 136 |
0:23.5 | IPOs and M&A. At Red Point, Scott's made investments in some incredible companies, including |
0:28.2 | the likes of Twilio, Stripe and Heroku, just to name a few. Prior to Red Point, Scott was |
0:32.9 | responsible for new products at North Point Communications, and before that, Scott worked at Bain and Company, |
0:38.1 | helping clients in the private equity and technology industries. I do also want to say a huge thank |
0:42.4 | you to both Tom Tungers and Ryan Sava, both previous guests on the show, for the intro to Scott |
0:46.9 | today, without which this episode would not have been possible. But before we dive into the show, |
0:50.9 | say, I really want to talk to you about a company that's really changed the way I sleep and operate. Eight is a sleep innovation company with their latest product, |
0:58.5 | the Eight Smart Mattress, being a bed that literally tells you how well you slept last night, |
1:03.2 | paired with an intelligent sensor cover that measures the quality of your sleep and delivers a daily |
1:07.7 | sleep report. In order to bring you the best product, Eight used anonymized sleep data and feedback from over 10,000 people |
1:14.1 | to understand which materials and types of mattresses give customers the best sleep, |
1:18.7 | resulting in their unique blend of four responsive and high-density foam layers, |
1:23.1 | plus one layer of proprietary technology that helps people track and improve their sleep. |
1:27.5 | This is perfect for people like me, people who want to be more productive during the day who |
1:31.6 | use or have used a fitness tracker and wants to take care of their health and fitness and sleep. |
1:36.5 | And if that is you, honestly, you have to check it out on 8Sleep.com. |
1:40.4 | And if you use the promo code 20 VC, that's 20 VC, you'll get a whopping 20% discount. |
1:46.5 | And with 8 keeping me productive with a home product, full contact is keeping 20 VC team on top form. |
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