The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
00:34:03 · Harry Stebbings, Nick Shalek
[00:34:03] S0: I mean, I love it. And I love the conviction back there. I do want to finish, Nick, with, you know, the most important probably, which is the founders themselves that you invest in. Most recent publicly announced investment. And why did you say yes and get so excited? [00:34:15] S1: I'll name a couple because they're both great and very different ends of the spectrum of what we do. Like, we recently backed Adam Nash, who was a longtime, you know, friend and who was CEO of Wealthfront in the past in his seat round. We don't do many seats, but we break that rule when we've known a founder for a long time, and we're excited about their product vision and just wanna work with them. I'm thinking because I don't think the company has a formal name yet, but it's definitely something to watch. We also recently backed a Mexican company called Kavak, which we're convinced could end up being one of the largest companies ever built out of Latin America. The founder Carlos is fantastic, and he's assembled a really world class team with a global ambition. This is a company that we missed for years, just for context, Harry, because we didn't have a thesis on the used auto market, but we see huge upside and very excited to be investing with them now. [00:34:55] S0: Nick, as you know, I've wanted to see this one for such a long time. So thank you so much for joining me, Stan, for putting up with my wayward questions that were a little bit off schedule. [00:35:02] S1: Harry, no problem. It's great chatting with you, and thanks for having me.
00:35:08 · Harry Stebbings
[00:35:08] S0: Love that discussion with Nick and just in awe of all Micky, Nick, and the team at Ribbit have built with the platform over the last decade. Just incredible to see. If you'd like to see more from us, of course, you can on the twenty minute vc.com. But before we leave you today, I have to say I just love using AngelList Fund admin platform to manage my investments. The team and the platform at AngelList takes care of all my back office needs so that I can focus on working with great founders. Leading fund managers have made over 10,000 investments into 6,000 startups via AngelList, all online and all in one place. And with the recently announced rolling funds, you can easily find and invest in these top fund managers on angellist.com/rolling. And let's face it, this new world of remote work is here to stay. And so all of the new headaches that come with running a remote team though, which is a nightmare. Rippling though helps fast growing startups automate their HR and their IT, and now they're making it super easy to manage employees and contractors anywhere. When you hire people in new states, Rippling can now automatically register your startup with each state tax agency and keep you compliant with all the different local labor laws. From there, Rippling lets you onboard new hires in literally ninety seconds. You can instantly set up people's payrolls, benefits, all their apps like Slack and GitHub. So if you're looking for an easier way to run your startup remotely or just a better way to manage your HR and IT, visit rippling.com/20vc. And finally, did you know that there'll be 1,400,000 job openings for developers in 2021? That's where my friends at Terminal come in. Terminal helps fast growing companies build remote high performing tech teams by connecting you with elite global talent and owning end to end processes from hiring to onboarding to remote teams integration. Terminal delivers the product building powerhouse your business needs to grow from workspaces to on the ground support. They take the guesswork out of remote management so that you can just thrive. But don't take my word for it. Take the word of high growth businesses like Gusto, Chime, HIMS, all trusting Terminal with their remote teams, and you can find out more today at terminal.io.
00:37:04 · Harry Stebbings
As always, I so appreciate all your support, and I cannot wait to bring you an exceptional episode on Thursday this week.