20VC: Why We Will See A Big Series B Crunch? Why Proprietary Data Pools & AI Talent Will Be The New Limited Natural Resources? Why Now Is The Closest Thing To A New Normal with Tim Chang, Managing Director @ Mayfield Fund
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 16 January 2017
⏱️ 26 minutes
🧾️ Download transcript
Summary
Tim Chang is a Managing Director @ Mayfield Fund and Tim was referred to me by many other VCs as 'the fittest man in silicon Valley', notable tech publications even write it. His eclecticness does not stop there as he is also a musician in 3 bands and a serious body hacker. As for his investments, he has had AdChina (acquired by Alibaba), Playdom (acquired by Disney) and Basis (acquired by Intel) just to name a few. Prior to Mayfield, he spent time at notable institutions including General Motors and Norwest Venture Partners. It is not only us that appreciate Tim’s skills though as he has also been named to ‘Top 100 Innovators’ on Forbes Midas List for 2 years running.
In Today’s Episode You Will Learn:
1.) How Tim made his way into the wonderful world of VC following Stanford Business School?
2.) How did Tim's perspective of starting VC around 9/11 shape his perspective coming into the industry? Why does Tim believe you need to see multiple cycles to be a good VC?
3.) Where are theWhy does Tim believe that startups need to be better capitalised than they currently are in the early days? Why does Tim argue for the existence of the Series B Crunch?
4.) How does Tim view the creation of a business model for machine learning? What are the 2 elements that founders need to consider before deciding in a pricing mechanism?
5.) How does Tim evaluate machine learning startups today in the plethora that have been created over the last few years? How does Tim determine true machine learning talent?
Items Mentioned In Today’s Show:
Tim’s Fave Book: Nexus
Tim's Fave Blog or Newsletter: Wait But Why
Tim’s Most Recent Investment: Next Entertainment
As always you can follow Harry, The Twenty Minute VC, Tim on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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Transcript
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| 0:00.0 | Hello and welcome back to another week in the wonderful world of VC with me, Harry Stebbings found sending |
| 0:04.2 | Mahito-filled Snapchat's at H. Stebbings with two bees and writing some hopefully insightful pieces |
| 0:09.5 | on the new blog MahitoVC.com. However, to the show today and I was deciding whether to sue the formal, |
| 0:15.1 | boring intro or fun and casual one. But as it so aligns with the guests, I'm going for the fun and |
| 0:19.5 | casual, so I'm delighted to welcome today's guest, Tim Chang, managing director at Mayfield Fund to the show. Now, Tim was referred to me by many other VCs as the fittest man in Silicon Valley. Notable tech publications have even written about it. His eclecticness does not stop there, though. He's also a musician in three bands and a serious body hacker, which I have to admit |
| 0:38.0 | we do touch on today. As for his investments, though, he's had success in AdChina, acquired by |
| 0:43.1 | Ali Barbar, Playdham, acquired by Disney, and Bassis acquired by Intel, just to name a few. And prior to |
| 0:48.7 | Mayfield, he spent time at notable institutions, including General Motors and Norwest Venture |
| 0:53.1 | Partners. It's also not only us that |
| 0:55.0 | appreciate Tim's skills though, as he's also been named to top 100 innovators on Forbes Midas list |
| 0:59.7 | for two years running, and I also want to say a huge thank you to Rick Marini for the intro today, |
| 1:04.0 | to Tim, which we could not have done the show without. However, before we meet one of the most |
| 1:08.0 | interesting guests I've had on the show, but staying on the theme of body hacking. |
| 1:11.5 | With the new year, we need new routines, and one of mine is sleeping more, Mihito unassisted, of course, and that's where the Simba hybrid comes in. |
| 1:18.9 | It's the most advanced mattress in the world, with a unique combination of 2,500 conical pocket springs, and responsive memory foam. |
| 1:25.8 | It offers the perfect support for two people, |
| 1:28.0 | a mattress that responds to you and your partner's sleeping patterns, and is delivered for free, |
| 1:32.5 | with a 100-night sleep trial, free returns and a 10-year guarantee. So start your free trial |
| 1:37.4 | at simba sleep.com. Another target of mine for the new year is productivity, and there's no |
| 1:41.9 | better for that than serious insight Insight, the plugin for |
| 1:44.4 | sales pros who use Gmail and Outlook. It automatically updates activities in Salesforce, so you don't have |
| 1:50.1 | to, and it was named number 41 on the Inc 500 list of fastest growing companies, and it has more than |
... |
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