YouSaid · the spoken record

Jesse Beyroutey

lines on the record: 36
first: 2019-07-22
most recent: 2019-07-22
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Natural demand, people who would actually be using the crypto asset for some sort of productive activity is primarily a strong guarantee like we were talking about before that would make it possible for them not to fear losing value using some thing that would be useful to them as some utility. And I saw this as a critical enabler of that and adoption of cryptoassets. So it just so excited me to get to work with a brilliant and close personal friend working on exactly the perfect thing for him, an enabler of a massive market.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I invested in a company called Gauntlet. It was the first investment that I've personally made after spending a whole lot of time around financial services in the crypto world. And I got so excited about it primarily because it was started by a good post-personal friend of mine, Tarun, who is, first of all, one of the most brilliant individuals I've ever met in my life. But beyond that, he was an expert in simulation and has applied simulation to everything from physics to financial markets to proteins and chemistry. And I saw him applying something that he knew everything about to a domain that most deeply needed simulation and in particular agent-based simulation, which was enabling natural demand for crypto assets. Today, most demand for crypto assets is speculative. And what makes it viable”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I would most like to change the way that people raise capital and to make raising capital not the focus of building their company.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say spend time writing as much as you spend time reading and that will cause you to ramp up as a board member and understand and be effective at knowing what the company does much faster than not. Essentially do your homework. Most people don't.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Around you disbelieve, Jesse. I definitely believe that keeping up with the news and news cycle is more of a form of entertainment than a form of productivity. Painful one. What's the biggest mess? And why did you say no? I was just talking about this yesterday. The company Plaid, I would count as one of my absolute biggest misses. And the mistake that I made was I looked at the product that they were thinking about building in the very beginning, which was consumer financial management and playing with location”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Short statement You give me your immediate thoughts in about 60 seconds it's an incredibly pressurized environment. Are you ready to dive in? Count me as ready. And I need a book. What is the favorite book and why? I would say my most interesting book is with respect to business, this book called Seven Powers. Why? The reason is because it considers all of the factors that I was talking about around how to create dominance and power for a company that can be sustained over a long period of time. How have you seen yourself change as an investor over the eight years? I have gotten much clearer on what I want to see in a company and in particular on how strongly I feel about the company making strong guarantees to its customers.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Set up, I use the app, I think it's called self control on my Mac, and it blocks off most of the websites, news sites, Twitter, everything that I find I would be mindlessly opening and fall into some sort of trap on the internet with. And instead, I relegated trying to pick the absolute best things to read for my Saturday or Sunday. And I find that that cadence of that once a week works extremely well for me where I can keep up on things, but I don't feel like I'm on the treadmill. And that creates a lot of space in my life for other things, like writing back to founders like we were talking about. Had your discipline, I'm probably the worst in terms of discipline around Twitter. Jealous of that, but I do want to move into my favorite element, Jesse, which is the quick fire out.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, that's a fascinating question for me and something that I've personally experimented with a lot over the years. I personally find that the new cycle is exhausting for me. And perhaps it's a result of being an introvert or something like that. So I have very low tolerance for consuming a lot of information and it triggers for me the absolute worst sort of behavior loops where now I have to finish reading the internet. And that takes a whole lot of time. So instead, I've worked on really limiting my media consumption. And I'll tell you where I've landed after experimenting a lot this year. First of all, I deleted off of my phone every app or thing that I would unconsciously open and refresh. And that included every bit of social media and news platform. So I don't read them on my phone. And further, I stopped reading them during the week.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“That actually causes me to understand the company better and also to deepen my relationship with the founders because I'm effectively writing them letters on my beliefs about things quite often about that level of response. Of content though with you, Jes Obviously, expend the majority of my life on Maintain this kind of obsessive control over news cycles and be on top.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“That gets shared with VCs and read where the VC response is. I've read it and yes, I agree or something at the very high level. And something that I started doing early on was trying to match the amount of content that's been generated, maybe not in one-to-one proportion, but much closer to the amount of content that's been created is my level of reflection on that content. So I try to respond to everything from early on with actually I think the first company that I had the pleasure of working on at IA called TransferWise started doing this and we ended up doing it with a lot of our other portfolio companies. We made our board decks into a Google document. And that's something that people throw around as an idea very often. But when we actually implemented it, my strategy was to actually think through and respond to pretty much everything. And I find that”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Relationship, Jesse. Absolutely. It's one of the things that I feel most passionate about. So founders, especially at the very early stage of the company, are, as I described before, kind of feeling around in the dark. And that can be an incredibly lonely process, of course, but also that can be a process that involves a lot of conflicting observations. So even if you're a great empiricist as a founder, you'll be getting conflicting feedback and customer responses and things like that non-stop in the early days of the company. I also would note that in the founder VC relationship at that early stage especially, the founders tend to be producing a whole lot of content and that can come in the form of producing a board deck or just producing thoughts about strategy or people that they might hire cultural elements that they're creating or the product that they're creating.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Former head of derivatives as one of my partners. So that's quite helpful for thinking a lot about option map. And so I'd say on balance between the three of us, Roger is often the one that has the most clarity about whether or not a price is worth paying once we've established whether or not a company is a great company intrinsically a powerful company that can exhibit dominance like we talked about before. But I guess I'd say we've pretty much kept consistent over the years about price.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a really interesting question that I've never attempted to measure or benchmark, so I couldn't give you a quantitative measure of my price sensitivity or how it's trended over time. I would say it's probably exactly the same as it's ever been, and it's more the group of the three of us that ends up producing a consistent and more aggressive stance toward making investments in companies that are great while also keeping an eye on making a great investment in that company. Because I think we can all agree there's a separate and independent factor of this is an intrinsically great company and this is a great investment in that company where the latter requires taking into consideration effectively options valuation. You're making it purchase of an option effectively when you're making an early stage investment. And I have the benefit of working with a”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“We have often chosen to further build our ownership level in the company even at the higher prices that come with Series A and Series B success because of that incredible capital efficiency that some of these companies demonstrate. But at the core, we are in vehement agreement that you build your ownership in your first investment.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I think it's a great question and for a venture investment model ownership is one of the most important parameters, if not the single one. And we definitely agree that building ownership early is, by and large, the only available strategy for having outsized ownership at exit, which is why we prefer to lead investments at the seed stage or be sometimes even the first institutional capital in the company. That being said, we find that the fall on decisions that come after our initial investment by the amount of capital involved are the most important decisions that we make. So even if we've built good ownership at the seed stage with our initial investment, we still need to make a strong decision about whether or not the company has a fundamentally a capital efficient model. That's the most important thing that we look for indication of by the time that it's raising the Series A or Series B. And when we see one of those,”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Deep level of trust and understanding between us, and then spending as much time as we possibly can getting points of view from others and synthesizing them leads us to decisions that are ultimately independent in our own unanimous between the three of us, but with strong individual accountability for the person leading the investment.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Things lead us to a decision making process that can be extremely quick because we're spending so much time together and iterating together so quickly, but also where our model is that each one of us will lead an investment and the person leading the investment is the ultimate decision maker about whether or not we're going to pursue the investment. But in parallel, all of our investments are unanimous. So we don't do a voting thing. I say unanimous in the sense that all of our investments are things that we're all excited about by the time that we're making the investment. And the lead for the investment relies on the nonleads to help think through all of the reasons why this might not work as well as all of the reasons in a generative way why it will work and what would make it really great, what would make it a powerful company. That combination of feedback internally and a”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, it's a great question. And again, independence and accountability is something we've solved for from the very beginning. At this point, by virtue of Roger Brad and I having for, with my inclusion eight years, the two of them together 10 years of experience making decisions together. And I'm standing right now as we're speaking in the bullpen of our office, the three of us don't have individual offices we physically stand, we have standing desks, we physically stand next to each other in the office. We have a little lounge where we sit down and talk to each other. We're in New York. We have lunch together every day and have been doing that for the eight years that I've been here. So as a result of that, we spend a whole lot of time together and talk very frequently. And we know and understand and respect each other's opinions very deeply. We each think very differently about the same sort of opportunities. The combination of all those”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Which is one variant of the pressure to deploy capital if you get into this sort of business cycle of raising more and more funds on a frequent cycle, that creates some of this baseline pressure to be deploying that capital. So we tried to avoid that sort of pressure from the outset. And that helps us to not feel that specific sort of pressure. So I would say I don't feel it. People frequently ask me, what's your investment pace? And my answer is always I actually don't even know. It's not a thing that we talk about or manage to at iventures. So it would take me work to go through and figure it out and count updates or something like that. And I like it that way personally. I think if I haven't found an investment in a while that excited me and there's always a bit of self-reflection about why that's occurring that the amount of time elapsed can bring up.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Very much aligned to you with stride. I do have to ask, though, I just got off the phone earlier this morning with a GP at another fund who said, Harry, there's nothing like the pressure to deploy. You'll learn that soon. Now, that made me quite concerned. Do you ever feel the pressure to deploy given maybe our lower cadence of kind of writing compared to higher frequency funds? And do you see that in market? So we've done a lot of work at IAventures to try to create and maintain our independence. And by independence, I mean our ability to make a fully independent decision about whether to pursue an investment, when to do so, and to really just not be subject to a lot of these sort of forces. So one intentional output of that high-level decision is we don't raise funds on a set and periodic cycle. And we've intentionally decided not to grow our fund size or assets under management.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Companies that are worth building that are not necessarily with the present level of information that the founder has, a great high volatility upside call option that makes it a good idea to raise a bunch of capital and to scale it. So the most common form of feedback that I give that I find is rather different is simply, hey, I don't think that there's enough information yet to establish that this company would be well served raising venture capital. And I feel really comfortable going through the analysis of when and why to with a founder in hopes that in”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, it's a great question about how to give feedback to an entrepreneur who's spent time pitching you their business and explaining it to you. I generally think of several different pieces of feedback that I might give. And I see this as a critical thing in every conversation is I first want to establish whether or not this is a business with the current level of information that the founder has, that they will be well served raising venture capital. And I engage with that question because I find that so few actually do. It's sort of by virtue of the venture capital asset class, present podcast included in this, doing such a great job of talking about entrepreneurship and raising venture capital as being one and the same implicitly. I think a lot of founders go out and raise venture capital with the belief that that indicates that their company is worth building. And I think the truth is there are a ton of”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“That question One thing I always struggle on is Actually, passing on opportunities, it's always very difficult to get the right way, and there's different kind of temperaments that one deals with and addresses. Found is the best way to pass on opportunities, Jesse, advised me.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Integrate or to expand internationally very, very quickly on the theory that somehow adding scale with capital equals power. And while that can be the case, it is not inherently the case. So it requires further analysis in order to determine if that's the right strategy. And listen, I absolutely love it.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“That's an interesting question. I think that access to less expensive capital is one example of something like an economy of scale. So I might compare it to other economies of scale, right? It's at the end of the day about how much does access to capital cost you. And so having a firm like Softbank back your company means that you have access to cheap capital and can count on that for an extended period of time. That being said, I do think it's really critical to go one step further in the analysis, which is, well, is capital a binding constraint in your market opportunity? And I think having a ton of capital can also cause a form of just sort of lazy thinking where, for example, companies that have credibly high access to cheap capital and not enough discipline or first principles thinking might end up choosing to”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Probability achieving dominance in one market generally does not lead to enough extra advantage in the next market to then dominate that one too. So you're compounding probabilities more than anything else. So I have to be personally excited enough about the initial market the company is working on to feel that if they just worked on this, it would be an incredibly compelling opportunity. And we can talk about adjacent markets later on. That's my philosophy about market adjacencies. I will say that we're not believers that it's impossible to dominate a market simply because of the existence of competitors that have a lot of money or that have a lot of engineers as companies like Facebook and Apple and Google and so on do. So we're not so afraid of that, but it creates a strong default that makes us have to spend time thinking about what are the angles of attention.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, there are several really interesting questions there, and I love that you spoke with Henry Edcarda. We're huge fans and users of Carda. And CARTA is a phenomenal example that we reference often. So to start, I would say generally the opportunity to dominate a market is inversely correlated with its scale. And I say generally because there are always exceptions to this, but you can look at a smaller scale market and especially a smaller scale market today that has the opportunity to grow a lot. Generally, there's an opportunity to dominate that market where, say, a market that has a ton of competition, the opportunities for dominance or accruing power in that market have usually already been taken up. I tend not to invest on that thesis simply because it's a matter of”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that that's fair in a whole host of markets. And so I think of that as a strong default. And I might compare that sentiment to the strong default in the 90s and early 2000s that you can't compete with Microsoft. And that's a strong default because there's a huge truth to it. But it's also possible to attack those particular sources of advantage from flanks and from areas of specificity that are too small for those extremely large companies to go after. And that's usually where we see as a fruitful place to start a company today.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“team in engineering Algorithms access. Actually, being quite naive, there is no form of defensibility state except. Blind spots in which incumbents aren't going. Is that slightly glib and short sighted?”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“And I love the fact that at the early stage, you get to think about that when you're thinking about building a market-dominant company in some given space. What positioning can the company occupy in people's minds that's differentiated and that is taking the best possible frame from customers' perspective and therefore dominant? And similarly, what perspective can you take with respect to, you know, we have a long history at”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so the interesting thing to me about game theory is that it allows you to even sometimes in a closed form to analyze the opportunity and strategy available to a company from any current position. And from the early stage, the things that are particularly of interest to us are the way that the company positions itself. So its message to its customers about what it will and won't do always, the guarantees that it provides are generally the most strong form of positioning that we observe, as well as the early resources that the companies avail themselves of and can corner. To ensure that the company is the only one and can exclude others either by decree or through a practical barrier. From using the same resour”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“What is it from a nomenclature standpoint to start with? Absolutely. So game theory is the study of what makes a set of moves dominant or strictly dominant. And those are the two terms that I spend my time thinking about. When there's an available set of opportunities that's clear. So in any game, if you were playing, say, a video game or a board game, there would be a set of opportunities clear for every participant. And you can study what's the right set of moves that leads one player systematically or probabilistically to dominate over another one. So market game theory is the application of that to capitalism, to financial markets, to an economy, which is just an instance of a game that happens to have a massive parameter space and many opportunities available and many participants.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“But I want to start today, Jesse, on a topic that when we chatted before about, I realized we've never had it as a discussion topic on the show before. And as you said, 2000, I'm going to take the opportunity to jump on it. So market game theory, tell me, for those that are maybe wondering what market game theory”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“At the time, I realized that there was something incredible about the ability to build a product very early on with very few people and get something that people were using within a matter of days or even hours. That was what inspired me so much about spending all this time in the computer lab at Penn and meeting all these people who were starting companies by just doing some development. And I just thought, wow, what an incredible time where people can come and serve a need that other people on the internet have that they've never met before, find those people and give them something that they wanted that they didn't even necessarily know that they wanted. I just found that super inspiring and I found the energy and optimism of early stage founders also incredibly inspiring. I just started spending more and more of my time with them and eventually one thing led to another and that became my life's passion.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“I started at I Adventures about eight years ago and I joined my partners Roger and Brad almost straight out of college at Penn with a brief interlude that had inspired me, which was working on a startup with a few of my closest friends from school. And from that experience and from spending time with a lot of other people starting companies, I realized that I had this absolute love for early stage companies. And that's what led me here. Absolutely.”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source
“Thank you so much for having me, Harry. It's wonderful to be here, and I'm incredibly impressed to be in the 2000s of show participants for you. I can only imagine and am super impressed with all the work that you've put into this. So thank you for having me”
2019-07-22 · The Twenty Minute VC · 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing · IDENTIFIED FROM THE TRANSCRIPT · source