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Equity

When it comes to startups’ flight to quality, have we swung too far in the other direction?

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 13 January 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

This week, we talked to Jenny Fielding, co-founder and managing partner at Everywhere Ventures, a founder collective and early-stage (think pre-seed) venture firm. Besides founding her own venture firm, Jenny previously worked as a managing director for accelerator Techstars and founded several companies including mobile software company Switch Mobile, which was acquired by Via One. Jenny and Mary Ann discussed a wide variety of topics, including startups’ flight to quality in 2024 and how smaller firms are competing with larger firms in the current investment landscape. We also dug into the “great VC resignation” so stay through to the end for that.

Transcript

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0:00.0

Hello and welcome back to Equity a podcast about the business of startups

0:15.1

where we unpack the numbers and nuance behind the headlines. I'm Mary Ann

0:18.9

Asavado and this is our interview show where we sit down with a guest, think

0:22.4

about their work and unpack the rest.

0:24.4

Today we're talking to Jenny Fielding, co-founder and managing partner at Everywhere Ventures,

0:28.5

about startups flight to quality in 2024, how smaller firms are competing with larger firms in this current

0:34.3

investment landscape, and we'll also dig into the great VC resignation, so stay

0:39.0

through to the end for that. Jenny, welcome to the show. Thank you so much for having me.

0:44.0

Really looking forward to this.

0:45.0

Yeah, me too.

0:46.0

I'm really excited.

0:47.0

I've enjoyed reading your posts on X over the past year or so.

0:50.0

They're just refreshingly candid and authentic, and we just thought you'd make a great

0:54.5

guest that would have a lot of valuable insights for our founders listening to the

0:58.6

show and just listeners in general so first of all you started everywhere of you see in January of 2018, but prior to that you worked as a

1:07.2

managing director for Tech Starks for about seven years and you also founded several

1:11.3

companies. Can you share a little bit more about your background

1:13.7

before we dig into your current work load, I guess?

1:17.3

Yeah.

1:18.3

I actually call myself an accidental entrepreneur

1:21.1

because I started very traditionally. so I went to law school I worked in finance and then I had an idea for a company I hesitate to even call it a startup because I was just trying to you know solve a problem I saw in the world right it was a

1:35.2

personal problem that I had and so nights and weekends while I was working at you know a big bank

...

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