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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why Move Fast and Break Things Is Not Right, How To Instil Radical Candor In Your Organisation & What Founders Must Ask For From Their Investors with Jason Brown, Founder & CEO @ Tally

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

4.4637 Ratings

🗓️ 28 April 2017

⏱️ 28 minutes

🧾️ Download transcript

Summary

Jason Brown is the Founder & CEO @ Tally, the startup that is building a better credit card experience giving power to the consumer. They have investment from some of the leading names in early stage finance including Shasta Ventures, Cowboy Ventures, Ludlow Ventures and Blake Byers @ GV just to name a few. As for Jason, prior to Tally, he founded 3 further startups including most recently Gen110 where helped to bring a new consumer debt product market that finances residential solar installs.

 

In Today’s Episode You Will Learn:

1.) How did Jason come to found Tally following his 3 prior startup founding experiences?

2.) Why does Jason think you should never settle with candidate hires? What shall startups do when they are growing fast and need someone now? Why does Jason believe you should never use external recruiters?

3.) As this is Jason's 4th startup and he has raised from the likes of Kleiner Perkins in the past, what has Jason learned in terms of fundraising through his past entrepreneurial experiences? What does Jason believe founders should look for from their VCs?

4.) Why does Jason believe that in the majority of cases 'move fast and break things is completely wrong'? What industries does Jason believe you have to lean into the regulators?

5.) How does Jason look to instill radical candor within Tally as a fast scaling startup? What does Jason think this is important for all startups to have engrained in them?

Items Mentioned In Today’s Show:

Jason’s Fave Book: Science of Interstellar

Jason’s Fave Blog: First Round Review

As always you can follow HarryThe Twenty Minute VC and Jason 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.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the 20 minute VC with your host, Harry Stebbings, found most often on Snapchat at H.

0:04.6

Stebbings with 2Bs, and I'd so love to see you there.

0:06.8

But time for the show today, and as it's Friday, it's time to get off founder-dose, and the

0:10.6

excellent founder joining me today is Jason Brown.

0:13.2

Now, Jason is the founder and CEO at Talley, the startup that's building a better

0:17.0

credit card experience, giving power to the consumer. They've raised nearly $20 million

0:20.9

in funding from some of the leading names in early stage finance, including Shasta Ventures,

0:25.5

Cowboy Ventures, Ludlow Ventures, and Blake Buyers at GV, just to name a few. As for Jason,

0:30.6

prior to Talley, he founded three further startups, including most recently Gen 110, where he

0:35.4

helped to bring a new consumer debt product market that finances

0:38.3

residential solar installs. I'd also like to say a massive thank you to Sean Flynn at Shasta

0:42.6

for the interest to Jason's day, without which this episode would not have been possible.

0:46.2

But before we dive into the show, say, I really want to talk to you about a company that's

0:49.5

really changed the way I sleep and operate. Eight is a sleep innovation company with their latest product,

0:55.1

the eight smart mattress, being a bed that literally tells you how well you slept last night,

0:59.8

paired with an intelligent sensor cover that measures the quality of your sleep and delivers

1:03.9

a daily sleep report. In order to bring you the best product, eight used anonymized sleep data

1:08.6

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.

1:24.2

This is perfect for people like me, people who want to be more productive during the

1:27.7

day who use or have used a fitness tracker and wants to take care of their health and fitness and

1:32.6

sleep. And if that is you, honestly, you have to check it out on 8Sleep.com. And if you use the promo code 20VC,

1:39.4

that's 2.0 VC, you'll get a whopping 20% discount, and with 8 keeping me productive with a home product,

...

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