20VC: Why You Do Not Want Diversity Of Thought, Why You Have To Build A Sports Team and Not A Family & Why Extreme Cultures Are Easier For People To Understand with Ari Mir, Founder @ Clutter

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

🗓️ 30 June 2017

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ari Mir is the Founder @ Clutter, the startup that provides simple, painless solutions to your storage problems. They have raised over $90m in VC funding with their recent Series C round being a $64m round led by Atomico with participation from Sequoia, GV and the fantastic Brendan Wallace @ Fifth Wall. Prior to Clutter, Ari founded Gumgum, the world's largest image ad network in the visual AI space and PocketChange, a startup backed by Google.

In Today’s Episode You Will Learn:

1.) How Ari made his way into the world of early stage startups and came to found Clutter?

2.) Why does Ari believe that you should build a sports team and not a family, with regards to your team? What does that really mean? How does that affect both hiring, training and objective attribution?

3.) Why does Ari say 'culture is not a happy hour'? How can one look to build a culture that is driven by humane performance management? Does this not instantly instill a culture of fear?

4.) Why does Ari believe that diversity of thought is so dangerous for early stage startups? How does this view change with the scaling of the team? What key inflection points has Ari noticed with the scaling of the Clutter team?

5.) Why did Ari only hire individuals with finance backgrounds in the early days of the company? What are the benefits of this, particularly for on-demand startups with a heavy focus on unit economics?

Items Mentioned In Today’s Show:

Ari’s Fave Book: Sam Walton: Made In America

Ari’s Fave Blog: AVC

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

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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Fond is the employee engagement suite with 3 core products, rewards: a recognition platform for rewarding achievements and milestones, perks: a premium corporate discounts program to show employees you care about them and then finally engagement IQ, a free employee engagement survey that allows you to measure the health of your organization. To check it out head over to fond.co

Transcript

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0:00.0	You are listening to The 20-minute VC with your host Harry Stebbings at H-Stebings with
0:04.2	two Bs on Snapchat.
0:05.6	And for today's very special Founders Friday, we have an immensely topical episode for you.
0:09.9	In the last fortnight, they raised a whopping 64 million series C, led by Atomico, with participation
0:15.1	from Sequoia, Google Ventures, or GV, and the fantastic Brendan Wallace at Fifth Wall.
0:20.3	Yes, I'm thrilled to welcome Clutter
0:21.8	founder Ari Mear to the show today. For those that don't know, Clutter is the startup that provides
0:26.3	simple, painless solutions to your storage problems. As for Ari, before changing the world of
0:31.3	storage with Clutter, Ari founded Gum Gum, the world's largest image ad network in the visual
0:36.2	AI space and and pocket change,
0:38.2	a startup backed by Google.
0:39.8	I do also want to say a massive thank you to Brendan Wallace at Fifth Wall for the intro to
0:43.7	Harry today, and if you haven't checked out our episode with Brendan, then that really is a must.
0:48.0	But before we dive into today's show, very few pieces of software are a must for the majority
0:52.4	of VCs I have on the show, but E-shares most certainly is.
0:55.9	E-shares is the number one cap table management platform, allowing for equity management, 409A valuations and liquidity, all in one place.
1:03.7	And e-shares is made for companies of all sizes with over 5,000 trusted customers, including the lights of Squarespace, Kickstarter and DoorDash, just to name a few.
1:12.5	So try out the must-have service of the industry and head over to eshares inc.com.
1:17.0	It really is a must.
1:18.2	And once you have all the paperwork tied down with e-share's, you can now engage with your employees.
1:22.2	And that's where Fond comes in.
1:24.1	Fond is the employee engagement suite with three core products. Rewards, a recognition
	...

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