4.4 • 637 Ratings
🗓️ 31 May 2019
⏱️ 32 minutes
🧾️ Download transcript
Kulveer Taggar is the Founder & CEO @ Zeus Living, the startup providing a home of your own for business travel with smartly furnished homes for extended stays. To date, Kul has raised over $14m in VC funding from some dear friends of the show in the form of Garry and Alexis @ Initialized, James and Pete @ NFX, Mike @ Floodgate, Y Combinator, GV and Naval Ravikant just to name a few. Prior to Zeus, Kul co-founded Auctomatic alongside Stripe's Patrick Collison, they ultimately sold the company for $5m. Before that, Kul co-founded Bosco, alongside former 20VC guest, Monzo's Tom Blomfield, they raised seed funding from YC before moving to the states to start Auctomatic. If that wasn't enough, Kul has also made several angel investments in the likes of Boom, Airhelp, Meetings.io and more.
In Today’s Episode You Will Learn:
1.) How Kul made his way from Oxford University to being at the centre of one of tech's most powerful hubs of YC and then with the founding of Zeus? What were Kul's biggest takeaways from his first 2 startups? How did that impact his operating mentality?
2.) What did the idea generation process look like for Kul with Zeus? How was James Currier @ NFX so foundational helping here? Why does Kul believe that the idea "really is everything" today? Why does Kul believe that customer acquisition channels are a core part of the product that must be considered from Day 1?
3.) Before hitting on Zeus, Kul and the team had many ideas, what did that idea validation process look like? How did Kul keep morale high in the team when continuously trying and stopping work on new projects? How does Kul think you can use culture as a superpower? As a leader, how can you be both vulnerable and strong at the same time?
4.) Kul has previously said that "tech-enabled businesses are just much harder than pure software plays". Why is that? What makes them so much more challenging? How do the required skills to be successful change when moving from pure software to tech-enabled? What single question remains the most important to ask when innovating in either?
5.) VCs are not so used to such operationally heavy businesses so how did Kul find the fundraising process? Why does Kul advocate that all founders should speak to investors and A/B test their idea before starting work on it? How did investors differ when comparing SF vs NYC? How did the messaging have to change? What was the most common pushback or concern? What have Initialized done to have such a foundational impact? What makes Garry such a special investor to have on board?
Items Mentioned In Today’s Show:
Kul’s Fave Book: How The Mind Works by Steven Pinker
As always you can follow Harry, The Twenty Minute VC and Kul on Twitter here!
Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
Click on a timestamp to play from that location
0:00.0 | You are listening to The 20 minute VC with me, Harry Stebbings, and I have to say I'm so excited |
0:03.9 | for our episode today. I think what our founder to stay is building is just incredible, and the |
0:07.7 | sky really is the limit for this one. And if you remember on Monday, we had YC's new president, |
0:12.3 | Jeff Ralston, on the show. And so I thought it'd be awesome to have an incredible YC founder this week in the form of Kulvia Tagar. Now Kul is the founder and CEO at Zeus Living, the startup |
0:21.6 | providing a home of your own for business travel with smartly furnished homes for extended stays. |
0:27.0 | To date, Kull has raised over $14 million in VC funding from some very dear friends of the show |
0:31.7 | in the form of Gary and Alexis had initialized, James and Peter NFX, Mike at Floodgate, Y Combinator, GV, and Naval Ravacant, just to name a few. |
0:40.3 | Prior to Zeus, Cool co-founded Automatic, alongside Stripes Patrick Collison. They ultimately sold the |
0:45.3 | company for $5 million. And before that, Cool co-founded Bosco, alongside former 20 VC guest Monzo's |
0:51.2 | Tom Blomfield. They raised seat funding from YC before moving to the States to start |
0:55.2 | Automatic. And if that wasn't enough, Cool's also made several angel investments in the likes of |
0:59.9 | Boom, Air Help, Meetings.io, and more. And I'd also want to say huge thank you to both James Curia, |
1:05.5 | Alexis O'Henian, and Gary Tan for some fantastic question suggestions today. Many mehitos on me for that and I really |
1:11.6 | do appreciate it. But before we dive into the episode with Cool today, as you know, a lot of what we |
1:16.4 | do on the 20 minute VC is discuss scaling businesses, talk to experts, pick the brains of founders |
1:21.4 | and investors who tell us about the trends to watch out for, offer tips on fundraising and teach us |
1:26.0 | how to excel at any company stage. |
1:28.3 | But there's no playbook for building a great business, but we can certainly learn from people |
1:32.2 | who've done it before. Beyond listening to this podcast and talking to mentors and advisors |
1:36.1 | in your own network, it's important to have resources you can turn to when you're tackling |
1:40.0 | a new challenge. And Stripe has built those resources for you, whether you'd like to learn |
1:43.7 | how to run a pricing experiment or build a knockout landing page. Stripe gives you the information you need to |
... |
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