20VC: Why Raising A Mega-Round Makes Your Life Harder Not Easier, Why Your Board Is Not Your Boss and Lessons on Successful Board Management & The Biggest Breakpoints in Company Scaling with Emmanuel Schalit, Founder & CEO @ Dashlane

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

🗓️ 6 December 2019

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Emmanuel Schalit is the Founder & CEO @ Dashlane, the company that provides your all-in-one internet shortcut for passwords, payments and personal info. To date, Emmanuel has raised over $192m in funding for Dashlane from some of the best in the business including Jim Goetz @ Sequoia Capital, Rick @ Firstmark, Alex @ Bessemer and Habib @ Rho, just to name a few. As for Emmanuel, prior to founding Dashlane, he was the CEO @ CBS Outdoor in France and before that COO @ La Martiniere Group.

In Today’s Episode You Will Learn:

1.) How Emmanuel made his way from CEO of 5,000+ people companies to founding Dashlane and changing the world of passwords and identification? How does Emmanuel asses his own risk profile moving from CEO of a large company to starting Dashlane?

2.) Is Emmanuel concerned by the excess capital available today? Why does Emmanuel believe that raising a mega-round makes your life as a founder harder, not easier? What specifically becomes harder? How does Emmanuel advise founders when it comes to burn and capital efficiency? How does Emmanuel think about when is the right time to pour fuel on the fire?

3.) Where does Emmanuel think that VCs do tangibly add real value? Where does Emmanuel believe that despite what some think, VCs do not add value in certain areas? What have been Emmanuel's biggest lessons of operating and managing a VC board? What does he advise founders starting out on this learning curve?

4.) What does Emmanuel believe are the core challenges of scale? What breaks at what specific points? How has Emmanuel seen himself scale in his role as CEO? What have been the most challenging element to scale into? How did Emmanuel get through them and what does he do to mitigate them now?

Items Mentioned In Today’s Show:

Emmanuel’s Fave Book: Sapiens: A Brief History of Humankind

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

Transcript

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0:00.0	You are listening to Founders Friday on the 20 minute VC with me, Harry Stebbings,
0:03.5	and I'd love to hear your thoughts on the show for all feedback, both positive and negative.
0:07.3	Hit me up on Instagram at H. Stebbing's 1996 with 2Bs.
0:11.0	It would be great to see you there.
0:12.5	But to the show today, I'm following our episode with Dave Tisch at Box Group on Monday,
0:16.6	we remain in New York, but change sides of the table from VC to founder. And so with that, I'm thrilled to welcome Emmanuel Shalit, founder and CEO at Dashlane,
0:25.0	the company that provides your all-in-one internet shortcut for passwords, payments and personal
0:29.7	information.
0:30.5	To date, a manual's raised over $192 million in funding for Dashlane from some of the best
0:35.3	in the business, including Jim Gets at Sequoia,
0:38.0	Rick at First Mark, Alex at Bessemer, and Habibat Row, just to name a few. As for a manual,
0:43.3	prior to founding Dashlane, he was the CEO at CBS Outdoor in France, and before that, CEO at La Martineer
0:49.4	Group. I'd also want to say a huge thank you to Rick at Firstmark and Alice at Bessemer for providing some fantastic questions suggestions for today.
0:56.0	Mejito's on me for that, chaps.
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1:28.6	15% faster and have a 17% increase in periods of deep sleep and you can get $150 off your pod
	...

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