Nick Chirls, GP at Asylum Ventures, and Beezer Clarkson, LP at Sapphire Partners, unpack their recent conversation with Jai Das, President + Partner at Sapphire Ventures and Mike Maples, Co-Founder + Partner at Floodgate, to answer their burning question: What changes in the way seed and growth investors think, and what stays the same? They discuss the crushing importance of team no matter the stage; the parallels in LP land (at the end of the day, you’re just backing people); the difference between small iterations on a business model vs a radical remaking of a company; and the imperfect information you get at Seed vs the luxury of canvasing an entire landscape at growth via customer calls and key metrics.
Learn more about Sapphire Partners: https://sapphireventures.com/sapphire-partners
Learn more about OpenLP: https://openlp.vc
Learn more about Asylum Ventures: https://asylum.vc
Learn more about Floodgate: https://www.floodgate.com/
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CHAPTERS:
0:00-Intro & Takeaways
1:20-Is This the Team That’s Going to IPO?
4:02-Early Stage Pivots
7:44-How Hard a Pivot is Too Hard?
12:23-LP Strategy for Picking Managers
13:09-The Importance of Timing
15:59-You Need to Call the Customers
18:05-Outro