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The Twenty Minute VC: Parker Thompson, Partner @ AngelList

The right questions to assess startup founders

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Parker Thompson@pt · Startup Fanboy
It was fun to do. Happy to elaborate on any incoherent statements I made. Holla!
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Harry Stebbings
Maker
@harrystebbings · Podcast Host @ The Twenty Minute VC
@pt is a Partner @AngelList and creator of popular parody Twitter Account, Startup L Jackson. At AngelList Parker has made investments in the likes of former guests, @Algolia, @RealtyShares and @KeenIO. Prior to joining AngelList, Parker was a Partner at @500Startups in SF and his illustrious path prior to investing includes Pivotal Labs, co-founding PlaceSite, preserving the interwebs at the Internet Archive, and working on digital copyright at UC Berkeley’s iSchool. In Today’s Episode You Will Learn: 1.) How Parker made his way into the world of early stage investing from the world of operations? 2.) How does Parker look to evaluate startup founders? What questions does he like to ask? What traits does he like to see in the core exec? 3.) Why does Parker think "not enough traction" is a BS VC excuse? How should VC's approach saying no to founders? What are the real reasons a VC is saying no in this case? 4.) Why does Parker believe the jump to Series A is bigger than ever? What has caused this? What metrics do startups have to achieve to make this move successfully? 5.) How should founders determine how much money to raise? If they can should they raise a 'warchest'? Why should founders not be concerned with dilution in the early days? Items Mentioned In Today’s Show: Parker’s Fave Blog: Stratechery, @Nuzzel by @abrams Parker’s Fave Book: The Modernist Cuisine Parker’s Most Recent Investment: Common Networks
Parker Thompson
Maker
@pt · Startup Fanboy
It was fun to do. Happy to elaborate on any incoherent statements I made. Holla!
Paul Kemp@paul_s_kemp · The App Guy Podcast
Great timing for an AngelList themed interview (in light of the big news). Well done Harry - excellent guest!
Harry Stebbings
Maker
@harrystebbings · Podcast Host @ The Twenty Minute VC
@paul_s_kemp Thanks so much paul and @pt was so awesome to have on and huge thanks to @eriktorenberg for making it happen.
Paul Burke@pburke24 · CEO and Co-Founder, RentHoop
This was an excellent listen to cap my Christmas evening. Love your response to the "not enough traction" objection. Often, there are bigger problems that the investor may not be straight forward about.
Adam Marx@adammarx13 · Freelance writer/editor and music addict
This was a fantastic episode with @pt from @AngelList discussing a variety of notions. So much so, in fact, that I went back to listen to it a few times over the last week. Of particular interest is Parker's discussion on "bridge-round" (i.e. seed+ or A-, depending on which term you use). His articulation of how it affects different companies uniquely, and how it really can impact the A-raise was something I loved hearing fleshed out. Really recommend this episode; Parker is definitely one guest I'm excited to see on @TwentyMinuteVC!