Tiffany Zhong

VC at Binary Capital

THIS CHAT HAPPENED ON April 15, 2016

Discussion

Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
Hey everyone, I'm Tiffany! I'm currently at Binary Capital helping invest in early stage consumer tech startups. I worked part-time (basically full-time since I just worked and video-chatted with the team during classes 😛 ) at Product Hunt last year from Jan-June while I was finishing up high school. I love taking photos (used to shoot lots of concerts, now mostly portraits and landscapes), learning how to produce music and DJ, watching films, and reading. Twitter: https://twitter.com/tzhongg Snapchat: https://www.snapchat.com/add/tzhong ALSO, if you live in the Bay Area and want to stay in the loop on cool events, I just started a weekly newsletter: https://www.getrevue.co/profile/... ‼️ Thanks everyone for joining my live chat. For anyone who has more questions, Snapchat (@tzhong) me and I'll answer it if I can!
Mike Coutermarsh@mscccc · Code @ GitHub
College, or nah?
Mike Coutermarsh@mscccc · Code @ GitHub
Also, is "or nah?" still cool?
Tam Pham@mrtampham · Community at Mixergy
@mscccc haha ^
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@mscccc Yes to college. No to "or nah." :P
Abe Storey@abe_storey · Entrepreneur & Growth Marketer
Yes nah is still cool, or yes to college? haha
Blake Robbins@blakeir · VC at Ludlow Ventures
Hi. 1. Would you ever consider making a Shark Tank with teen "sharks?" 2. Over the past couple of years you've blown up - at what point was it very clear that people were starting to pay attention to you? 3. What would your DJ name be?
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@blakeir 1. Hahahah only if you're doing it with me 😉 2. Two points - 1) when Marc Andreessen gave me a shoutout on Twitter as an "upcoming rockstar in tech" 2) when my WSJ article came out. 3. DJ TZ (or maybe something else...but that's the name for now)
Ryan Hoover@rrhoover · Founder, Product Hunt
Tiff! What are some of the biggest misconceptions on how teens use tech/apps?
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@rrhoover That teens actually care about all the press your app gets. They don't. They care about the product actually being useful to them in some sort of way. They don't care that you're on TechCrunch, BI, Forbes, etc.
Abe Storey@abe_storey · Entrepreneur & Growth Marketer
@tzhongg @rrhoover This is so true.
Kingsong Chen@kingsongchen · Founder at Lace, Marketplace for GovTech
Hi Tiffany, what are some of the new types of consumer startups that excite you?
Sydney Liu@sydney_liu_sl · Co-Founder of Commaful.com
Tifff!!!! :) :) If you were to write a book about how to be great at Twitter, what would be your 5 biggest tips and tricks?
Niv Dror@nivo0o0 · Words @ProductHunt & @AngelList
@sydney_liu_sl (other than GIFs)
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@sydney_liu_sl Off the top of my head: - Be authentic - Be helpful - Jump into conversations - Don't be afraid to ask questions even if you think they're "stupid questions." You don't really have much to lose. - Try to always connect the dots (goes back to being helpful). Let's say person A tweeted about topic X 2 weeks ago and person B just tweeted about the same topic - connect the two. I usually will just reply to person B's tweet with person A's tweet OR reply with something along the lines of "you and person A should jam sometime!"
Harry Stebbings@harrystebbings · Podcast Host @ The Twenty Minute VC
Tiffany, so awesome to see you do this! I have a big question, you are an absolute rockstar and the community has so much respect and admiration for all you have achieved with Binary in such a short space of time, my question: Why go to University? You are already ahead of the game where you are now? Come and join me in raising my seed fund! ;)
Tam Pham@mrtampham · Community at Mixergy
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@harrystebbings I think it's important for my personal development for a variety of reasons. Blog post will be coming soon in a few months - keep an eye out for that :)
Ruben Harris@rubenharris
@tzhongg @harrystebbings Will be sharing it with my friends as soon as its released :)
Andrew Ettinger@andrewett · PMM @ Twitter, Previously @ Product Hunt
Hi 👋🏻 What's the most valuable thing you learned as an intern at Product Hunt?
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@andrewettinger I learned a LOT and should write a blog post about my experience there. But I learned a lot about community and being a good leader/manager. Actually, yesterday I texted @rrhoover when I was doing a bit of personal reflection and told him that he taught me a lot about values, both professionally and personally - mainly to be authentic, real, nice to people, care about your users, and most importantly, to be humble.
Tam Pham@mrtampham · Community at Mixergy
How did you get hired at Product Hunt? And Binary Capital?
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@mrtampham I met @eriktorenberg at YC Hacks, kept in close contact with him, just tried to be helpful in whatever way, helped Product Hunt a bit with their hackathon end of 2014, met Ryan through Twitter + Facebook when I was asking for startup advice (whether I should learn to code or not :P), and then Dec 2014 Ryan asked if I was interested in working part-time with them :) Binary Capital - I was already meeting up with VCs starting at the end of 2014 just to learn more about their stories, what they actually do, and how they assess startups. A mutual friend thought I would have fun jamming with the Binary guys (Jonathan and Justin) given their focus on early stage consumer tech startups, and he was right! We did have fun and I ended up choosing to intern at Binary over the summer vs other VC firms because I got along really well with the guys, liked how tight-knit the team is, and their focus on early-stage consumer tech. At the end of my internship, they wanted me to join full-time, which I clearly ended up doing!
Tam Pham@mrtampham · Community at Mixergy
Austin Teague@austin_teague · Full-Stack Marketer and Entrepreneur
@tzhongg As an investor how do you find startups to invest in? Specifically is it through referrals, cold emails, specific searches/sites? Second, what is the biggest frustration leading up to investing in a startup?
Alexandre Mouriec@mrcalexandre · CS @ IUT Lannion | Stuffi | Argos VR
What is your piece of advice in networking for teens/young adults who don't live in places like the Bay Area ?
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@mrcalexandre USE TWITTER!!!!
COSTAS ANDRIOPOULOS@candriopoulos · https://medium.com/strictly-curious
Hi Tiffany, how do you identify emerging trends and how do you pick ventures in nascent markets?
Niv Dror@nivo0o0 · Words @ProductHunt & @AngelList
hi @tzhongg, thank you for joining us. what do the teens like these days other than snapchat? also, plz explain musica.ly 🙄
Ryan Hoover@rrhoover · Founder, Product Hunt
(RIP Mindie)
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@nivo0o0 Snapchat seems to still be the main one for teens. Instagram and Facebook are dropping off a bit from what I've seen. Snapchat has even become the go-to camera app for many of my friends now 😳 Musical.ly - psh you already know what it is!
Niv Dror@nivo0o0 · Words @ProductHunt & @AngelList
@tzhongg i pretend to know what it is but never actually opened it! and yes on Snapchat being the default camera app 👻📷✊
Veselin@vesln · Product & Code @ProductHunt ✌️
When and how did you become passionate about DJing? Who are your favorite DJs? When are you coming to Ibiza? 😎
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@vesln I just recently became super into learning how to DJ and produce music. I just love music and think it heavily affects my mood, which is why I love tropical house so much. Haven't posted any songs yet but follow me on Soundcloud still! https://soundcloud.com/tzhongg I like a lot of DJs actually, too many to list! DEBUTING IN IBIZA NEXT YEAR (maybe...hopefully...) SEE YA THERE!
Tam Pham@mrtampham · Community at Mixergy
What motivates you to do everything that you're doing now at such a young age?
Tam Pham@mrtampham · Community at Mixergy
How did you form so many great relationships with thought leaders and incredible founders in Silicon Valley?
Dan Fennessy@dan_fennessy · Founder at Party with a Local
Hi Tiffany, what sort of metrics do you look for in early stage consumer startup pre-revenue? I know it differs somewhat depending on the startup & the market, but what would you say is a metric that always gets you excited to invest? Is it related to monthly retention, daily usage, growth, virality?
Tiffany Zhong@tzhongg · something new! formerly @ProductHunt
@dan_fennessy It *really* varies but we have a specific set of metrics we look for based on the type of company, market, and intention.
Seva Zhidkov@sevazhidkov · Bots developer @ Mail.ru Group
Hi Tiffany! As an investor what do you think about bots industry?
Varadh Jain@varadhjain
If you weren't investing right now - what problem would you want to go after (in terms of building a company)?
Kevin Park@kevinsmpark · UI Designer @Ring
Hey Tiffany! I know you've taken up a lot of experience at such a young age, but have you ever felt that there are certain things that can only be learned and mastered by accumulating years of experience in terms of age? If so, what are the things that you've successfully implemented or tried in your learning to close the gap? Thanks!