Every day, Jason Calacanis and Molly Wood cover startups, technology, markets, media, crypto, and the all the hottest topics in business and tech. They also interview the world’s greatest founders, operators, investors and innovators.
https://thisweekinstartups.com
E38: “Angel” Podcast: David Cowan, Partner at Bessemer Venture Partners shares insights on owning up to his anti-portfolio, understanding sunk cost, top traits for becoming a VC & best Founders & CEOs he’s ever worked with
0:53 Jason intros Bessemer's David Cowan
1:54 David explains how he got his start in Venture capital in 1992
4:22 What does Bessemer look for in a potential investor today? How has VC hiring and demographics have changed over time?
8:10 David gives an anecdote about understanding "sunk cost"
14:12 David explains how and why Bessemer started owning their anti-portfolio
16:03 Stories on passing on Facebook, Tesla, Google, PayPal, Napster & Youtube
19:13 What made Youtube standout from Napster from a regulatory perspective
24:05 David describes hearing the Twitch pitch for the first time
26:00 Consumer vs. Enterprise investing
29:42 Sales-driven culture
33:31 When is the right time to sell a company?
41:15 Anti-tech backlash... is it justified?
47:38 Who is the best Founder & CEO David has ever worked with?
52:10 Meeting Wade Foster and investing in Zapier
55:29 Are growth & product people making the best VCs today?
58:53 Thoughts on Quantum Computing
1:02:19 How is David investing in Robotics?
1:09:58 Jason ends the show by showing the trailer to David's Silicon Valley mockumentary "Bubbleproof"