► 20VC Podcast interview, also iTunes and Spotify.
“20VC: STEVE JURVETSON ON 20 YEARS OF FRIENDSHIP WITH ELON MUSK, HOW TO ANALYSE MARKET TIMING, WHY VENTURE DOES NOT SCALE & WHY HE HAS NEVER SOLD A SHARE IN ANY COMPANY HE HOLDS”
3:25 start of interview
5:00 boom and bust cycles
8:30 risk/return divergence between founders and VCs
10:45 evaluating a founder’s ambition
13:00 market timing & the inevitable future
18:00 downstream financing risk
21:30 power laws and entry prices for big ideas that change the world
25:33 VC fund structures
30:30 relationship with money
33:20 the value creation of a mission
34:50 Elon and the American Dream
46:00 why VC doesn’t scale
47:36 increasing diversity in VC
“In Today’s Episode You Will Learn:
1.) How Steve made his way into the world of startups and Silicon Valley and how that led to his creation of “The Lean Startup Movement”?
2.) How does Steve think about and assess market timing? How does Steve assess technical risk? Given the long term horizons of such deep tech projects, does Steve think we need to change the 10 + 2-year fund life structure? How would Steve like to see funds structured?
3.) Given the sheer size of outcomes if these plays work, how does Steve assess his own price sensitivity? How does Steve approach the challenge there is a lack of downstream investors for such deep tech projects? How does Steve try and catch an industry on the cusp of a transition?
4.) How does Steve assess his own relationship to money? How has it changed over the years? Why does Steve fundamentally believe that venture partnerships do not scale? Where do venture partnerships breakdown? How can one introduce cognitive diversity into a firm?
5.) Having worked with Elon Musk across both SpaceX and Tesla, what does Steve believe makes Elon one of the most gifted entrepreneurs of our time? What is Steve’s most memorable moment from his many years of friendship with Elon? What have been his biggest takeaways from SpaceX and Tesla?”
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