4.4 • 637 Ratings
🗓️ 4 February 2020
⏱️ 39 minutes
🧾️ Download transcript
Todd Jackson is First Round Capital's newest Partner (announced today) having spent the last 2 years as a Founder-in-Residence working with the FRC portfolio. Prior to his time in venture, Todd spent close to 3 years at Dropbox as VP Product & Design. Before that he was with Twitter as Director of Product Management, following his startup, Cover, being acquired by Twitter in 2014. Before founding Cover, Todd was a Product Manager @ Facebook where he helped lead major redesign of Newsfeed. Finally, Todd started his career at Google as a Product Lead taking Gmail from 0 to 200m users in 4 years.
Todd is joined today by his Partner @ First Round, Phin Barnes. Phin also writes the most fantastic blog, sneakerheadVC, that really is a must-read.
In Today’s Episode You Will Learn:
1.) Phin, what is the exclusive news you would like to break on the show today? Todd, taking one step back, how did you make your way to this stage, what was your entry into technology and how did you come to be a Partner @ First Round Capital today? What were Todd's biggest takeaways from working on some of the most transformative social products in Gmail, Twitter, Newsfeed @ Facebook and Dropbox?
2.) What advice does Phin have for Todd when it comes to entering a venture partnership? Where do many people go wrong in their first year in venture? What should Todd be optimising for in the partnership? In terms of measurement, how does one measure success of the first year of work as a Partner?
3.) Todd, making the move from angel to institutional VC is a mindset shift, how does Todd think his investment mentality will be impacted by the shift from angel to institutional VC? Having raised funding as a founder, what type of founder experience and investor does Todd want to be and bring?
4.) Phin, it has been a long time since FRC added a Partner, walk me through the recent changes at the top of FRC? What are the most important qualities for First Round when adding a Partner? What are the biggest tips to doing generational transition well? Where do many firms go wrong in generational transition?
Items Mentioned In Today’s Show:
Todd’s Fave Book: Creative Selection: Inside Apple's Design Process During the Golden Age of Steve Jobs, Trillion Dollar Coach: The Leadership Handbook of Silicon Valley’s Bill Campbell
Todd’s Most Recent Investment: Papaya Payments, Snackpass
As always you can follow Harry, The Twenty Minute VC and Todd on Twitter here!
Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
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0:00.0 | Welcome, you are listening to The 20 Minute VC with me, Harry Stebbings, and it would be amazing to hear your |
0:04.0 | thoughts and feedback on the show. You can do that on Instagram at H. Stebbings, 1996 with two bees. However, |
0:09.4 | to the episode today, and this really is a special one, as it's the first time ever on the show. We have |
0:14.0 | had two guests, so that's pretty awesome. And then there's also an exclusive news announcement that we're very honoured and proud to be announcing today's episode in terms of the guests one new and one existing Todd Jackson and Finn |
0:25.2 | Barnes at first round capital now to prevent any spoiler alerts for this coming show I have to be |
0:30.0 | tight-lipped here but if you haven't listened to Finn's prior episode then that really is a must and as |
0:34.5 | for Todd's first time on the show, a little background. Before first |
0:37.6 | round, he worked on some of the most transformational consumer products of the last decade, |
0:41.5 | including his PM at Gmail, taking it from zero to 200 million users, to leading a major |
0:46.6 | redesign of Facebook's newsfeed, to serving as director of product management at Twitter, |
0:50.8 | and then most recently being Dropbox's VP of Product in Design. Now, to prevent any |
0:55.1 | spoiler alerts, that's all I'm going to say. Before we move into the show today, though, I wanted to take |
0:59.5 | a moment to mention HelloSign, a great example of a company that found success in building a product |
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1:16.6 | It's just so intuitive. And they've raised a total of $16 million in funding and recently got |
1:21.0 | acquired by Dropbox for an impressive $230 million. Check out hello sign. forward slash 20VC to join thousands of companies and founders |
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1:40.6 | 85% of men have significantly thinning hair? and don't think I'm immune to this with my |
1:45.0 | youth, as approximately 25% of men begin experiencing effects of male pattern baldness before |
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