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The Times Tech Podcast

Lightspeed’s Jeremy Liew: “People aren’t sneaking out of class to sext”

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 7 October 2017

⏱️ 41 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Jeremy Liew of Lightspeed Venture Partners, the first investor in Snapchat, to talk about moving to America from Australia (2:10), working for Uber’s Dara Khosrowshahi (4:00), the AOL diaspora (5:00), becoming a venture capitalist (7:15), tracking down Snapchat in 2012 (8:00), how a picture with Barack Obama helped sealed the deal (10:00), young women as a lead indicator (12:25), the sexting issue (15:05), the Snap rocketship (17:00), why Snapchat’s founders have created an ironclad grip over the shares (18:45), being on Evan Spiegel’s Christmas card list (21:25), Facebook’s copycat programme (22:00), Snap as the anti highlight reel (24:00), avoiding becoming Twitter (26:25), finding the next Snapchat (27:15), the power of GIF’s (29:15), investing in frivolity (31:00), on whether smartphones are ruining a generation (31:55), the next big thing (33:00) and how voice technology is going to transform the Internet (35:30).

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Transcript

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0:00.0

At the University of Southampton, they won't just teach you.

0:03.8

They'll challenge, support and empower you.

0:06.5

Visit an Open Day to see why they're targeted by top employers

0:09.7

and to find out how their incredible research and mind-blowing facilities will shape your learning.

0:15.7

Hi, I'm Joshie, a math student here at Southampton.

0:18.7

Open Days really help me pitch your living here.

0:20.6

You can chat to

0:21.0

students like me, meet our brilliant academics, explore the campuses and get a real feel for what

0:25.5

it's like studying here. Book your place. Search Southampton Open Days.

0:32.6

Yo! Technology. What is it all about? Silicon Valley is a place of legends and lore the myth of the

0:42.0

overnight success is what drives undernourished engineers to work endless all-nighters hoping that

0:47.4

someday they will become the next Steve Jobs yet in these fairy tales there's always more than one

0:53.6

hero there is of course the protagonist the fairy tales, there's always more than one hero. There is, of course, the

0:55.3

protagonist, the brilliant visionary. But there's also the venture capitalist, the one far-sighted

1:01.0

person who had the gumption to back our hero when no one else would, and in so doing,

1:05.8

made a thousand-x return on their big bet. These days, you hear a lot of this around Uber.

1:11.8

You can't swing a cat in San Francisco and not hit at least a couple people who claimed

1:15.9

it was them who discovered the ride-hailing giant way back when.

1:20.3

But today's guest on Danny in the Valley can legitimately lay claim to playing a part in the

1:24.4

rise of the newest and perhaps the most controversial kid on the tech block, Snapchat.

1:29.7

You know, we look for things that create new habits. We look for things that we think could become

1:34.2

part of popular culture, and we look for things that have a scalable, repeatable way of gaining new users.

...

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