YouSaid · the spoken record

Seth Sternberg

lines on the record
26
first
2018-05-18
most recent
2018-05-18
sittings or episodes
1
sources
podcast

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  1. “To finance renewable energy projects, and you can get started at wondercapital.com forward slash 20 minute VC, all in letters, wonder capital where impact investing meets capitalism. As always, I so appreciate all your support and I cannot wait to bring you an incredible week of episodes next week.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Before we leave you today, brands are now turning to smarter ways of creating video and digital content to fit new distribution channels, looking for faster turnarounds while maintaining or improving the quality. The Mavidian platform addresses that directly. It's now simple for brands and agencies to connect with the very best creatives for their projects. Mavidium is already working with some of the biggest forward-thinking companies to save time and cost by allowing comparison of the global network of created creative talent with a global network. They're well placed to continue to expand to take on the world's content demand. Producers and marketers looking for the best creatives can get a shortlist from Avidium's account managers in hours, tailored to their project's needs, and all you need to do is submit a brief today or check out the platform at movidium.com, home to some of the biggest names in the industry, and support for the 20 minute VC also comes from Wonder Capital. The easiest way to invest in large-scale solar energy projects across the US with Wonder, you can earn up to $7.5% annually while helping”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “Such a fantastic guest and Cyril entrepreneur to have on the show there. And if you'd like to see more from Seth, which I highly recommend you can on Twitter at SethJS. Likewise, I'd love to see you behind the scenes on Instagram. You can suggest future questions for the show and future guests for future.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Well, Seth, as I said, I heard so many great things everyone from Kareem to Aaron Hoffman, so I want to say huge thank you for giving up the time today to join me. It was incredible and I so appreciate it.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “No, absolutely. I do want to finish those state on a quick firearound. My favourite of any interview, as I said, so I say a short statement, you give me your immediate thoughts. 60 seconds per one are you strapped in, Seth?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “In terms of the scaling of honour over time, like we said there about the scaling and false growth of Facebook and Google, how do you look to determine whether someone is or isn't scaling with the company? Is there kind of an assessment mechanism?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “I do have one final question from Hunter Walk with regards to the long-term nature. He said, given the long-term vision, in terms of team building, how do you think the team will evolve over time and do you seek to retain the people that hunger for startup life or is that one that you let transition?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “I mean, well, first a massive congratulations on the impending addition to the portfolio of family. I am introduced, and it's one question that I love's having kids change the way you think about honor, company building, and the world maybe more in general.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “Break down that very complex problem and think about it. And that, along with his truly famous pulling out his notebook and pulling out a ruler and drawing very crisp straight lines on his page of notes he's about to take. Those are probably the two things. Love that. I do want to discuss one final element before we move into the quick file. My favorite element of any interview, but the element of time and the long-term view that you very much have with honour, Hunter told me that this is a problem that you've said to him is big enough for the next 10 to 20 years of your life. With that in mind, I'm intrigued we recently had David Barrow to expensify on the show and he said that too many founders in VCs in the valley are focused for and building for the quick flip and early exit, which you may be agree with that having been and witness the frontline of the valley now for over 10 years. Yeah, you know, I think things come and go and I think there's definitely a period where a lot of people were kind of building to flip.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “The right cadence. And then it's really just frankly making sure you've got the right people on the board more than anything because I kind of have this theory. I think about 80% of VCs, frankly, detract from the value of the kind of board in the discussion. I think 10% are neutral and I think 10% are really positive. So you want to find those like 10% amazing VCs to be the ones that are funding your company. Speaking of amazing VCs, you mentioned Roloff. I am intrigued. What were the biggest takeaways for you from working with him in the really kind of formative stages of your progression as a founder and an entrepreneur? Yeah, so the funny thing is Roloff was just developing as a VC when he worked with Mibo and us because he had just recently joined Sequoia. And probably one of the top things about Rulof is he's just so analytical and so good at working through complex situations and kind of boiling them down to, okay, well, this is probably the way I would look like.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “Say takes and integrates it into their model, but then ultimately does what they think the kind of combination of all the right things plus their own intuitive sense or data-driven sense drives them to. I think that's usually where you get the wins. No, absolutely. I mean, Shidu, have you seen your board management and how you really evaluate the ball chemistry? Have you seen that change over the time you've developed and scaled both Miibo and Honor? Yeah, I mean, I have no clue for me though. I was 25. I'd never done startups before and I think we got really lucky that our first board member was Rulaf from Sequoia. So that was a really good way to start. And then I kind of learned along the way. Things that are important, not like kind of small things because it really doesn't matter. So I might in today's world, I might talk to our board members every other week or something. And I think that's a bad.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “I'm intrigued specifically on the tactical element for me always an interesting time is when there's a small element of friction. I'd love to hear whenever you've not gone with a bald decision and how did you communicate this? I literally can't think of a time when we've had a board decision. First of all, if board decisions don't happen that frequently this might be part of having really great VCs, but if something actually comes to like a split vote in the board, the board has to go through a formal process to make a decision that kind of everybody didn't already kind of agree on, that's probably a pretty bad sign. So I can't think of any, but it's almost because I can't think of a time when we really had to have kind of a quote-unquote board decision. I think are there times when I've gotten advice from one of my investors and done something else? Yeah, of course. But that's what they kind of expect. Like the good ones expect you'll listen to them. I think a good entrepreneur listens really closely to what other people.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “Or board member. Yeah. So the three things that we look at are personality fit, first and foremost. So when you pick a new investor, you are going to work with this person for a really long time. So do you really like them and do you really want to work with them? The second thing is, do we truly agree on the vision? Like, do we agree on where we're going? So we all want a climb. Now, Everest, not Mount Whitney. Got it. Okay, good. And then the last one is tactically, do we agree on how to get there? So, you know, let's say we all agree Mount Everest is the goal. But you say let's climb the north face and I say let's climb the south face and we're both completely convinced that we'll die on the other face because like of an impending storm system or whatever, that can also make for a really painful relationship going forward. So those are the three things I think have to be there, right? It's like, do we like each other? Do we agree on the vision and do we agree on the tactics at a high level? And then from there, it's a lot of nice to haves. But I think those three are the questions.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “And they understand the limits of their knowledge on what's going on on the inside kind of tactically. And so they're really like the truly great VCs are really good at giving strategic advice and they're really good at helping you think through your very difficult problems, but they do not try to run your company. And when I hear stories from friends of mine who've worked with other VCs that might not be quite as amazing, you get a lot of stories of like, oh my God, I had a six-hour board meeting and we were going through different product ideation ideas and I'm just like, ooh, like that sounds pretty bad. So it's really this knowing where they can truly be helpful and knowing where really they have to trust the founding team to run the company is actually one of the, I think the real defining traits. Shana Zola, a mutual friend of ours, asked what questions would you recommend? Founders really ask potential new investors when deciding who to pick their investor?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  15. “Wednesdays, and then everybody has their vault, so you know Cam, who's been my friends since we were 18, has his role as running tech, and Sandy, who's his wife, has her role of running kind of the bridge between technology and care. My wife runs business operations. But at the end of the day, everybody kind of has their role. And then you've got the other execs who run care, Austin runs care, and Nita runs demand. And everyone really just has an equal voice in that room. Absolutely. In terms of kind of equal voices, often investors have voices and you've had incredible experiences with VC fundraising in the past from raising from the likes of Sequoia, Coastla, Thrive, Andreessen, and many more incredible people. I'm intrigued though, with this experience, you've worked with some of the very best. Tell me from your entrepreneurial perspective.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  16. “And the level of thing that we have to kind of make sustainable and just a process that's really simple, like how do you deal with a customer who does call the police because they don't remember where you're supposed to go? Or how do you deal with customers who pass away? Because we will literally be in the homes of customers who pass away when we're in the home. Those are things that we have to make a repeatable system. Yeah, no, absolutely. It makes sense. A challenge, definitely. One interesting element though that we discussed before and discuss with some of your investors is the interesting element of two married couples on the founding team. I'm interested how do you address opposing points of view on the team with this maybe slightly different dynamic? You know, we actually, in a way, are really simple because there's the founding team that is two married couples. And then you've got the other executives who are kind of all in the exec team who report to me. And the way we make most decisions is we kind of lock ourselves in a room for three hours on Mondays and”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  17. “So, if that's what you carry between the two companies, speed maybe is what you do differently. Satyr at Homebrew asked, what are elements that although you've done before remain very difficult with both?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  18. “He said about kind of the speed element there being very different in terms of scaling Miibo and Olnour and kind of driving through those processes. Are there foundations that you saw work at Miibo that you've successfully carried with you to honour?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  19. “Cass, how do you do that? You've built multiple successful businesses. What have been your learnings in terms of doing that in the right way, so to speak?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  20. “Absolutely. We spoke about your founding that verse with Miibo, I do want to start staying on the theme of serial entrepreneurship that we've discussed before, as I said, the family of Miibo, and honor staying on this theme. Question from Shan Zola. Based on your experience founding and scaling Mibo, what are the biggest things you do differently with honor as a result?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  21. “And I spoke to Satya Batel at Homebrew before the show, and he mentioned the element of driving with your mother and that kind of being a realization moment for the founding of honour. I'm intrigued. How do you think the personal and sentimental element of that idea moment maybe changed the way you build honour rather than if it was just a good idea that came to you in a big market?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  22. “Not a two, but I want to get started today, and from social media platform to personalized home care, it's been a diverse career. So how did the founding of honour come to be Seth?”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  23. “Seth, it's such a pleasure to have you on the show today. A huge thanks to Shannon Zola for the intro. But thank you so much for joining me today.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  24. “A former Mavidium.com, home to some of the biggest names in the industry, and support for the 20-minute VC also comes from Wonder Capitol. The easiest way to invest in large-scale solar energy projects across the US with Wonder you can earn up to 7.5% annually while helping to finance renewable energy projects, and you can get started at WandaCapital.com forward slash 20 minute VC, all in letters, wonder capital where impact investing meets capitalism. But that's enough from me and I'm now thrilled to hand over to Seth Sternberg, founder and CEO at Honour.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  25. “And Seth's also an incredible angel investor with a portfolio including the likes of Fitbit and Gusto, just to name a few. I do also want to say a huge thank you to Shanlin Mar at Zola for the intro to Seth today without which this episode would not have been possible. We really do appreciate that, Shan. But before our episode today, brands are now turning to smarter ways of creating video and digital content to fit new distribution channels, looking for faster turnarounds while maintaining or improving the quality. The Movidian platform addresses that directly. It's now simple for brands and agencies to connect with the very best creatives for their projects. Mavidium is already working with some of the biggest forward-thinking companies to save time and cost by allowing comparison of the global network of created creative talent with a global network. They're well placed to continue to expand to take on the world's content demand, producers and marketers looking for the best creatives can get a shortlist from Avidium's account managers in hours tailored to their project's needs and all you need to do is submit a brief today or check out the”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source

  26. “Welcome to part two of the 20-minute VC this week and it's found us Friday with me, Harry Stebbings and you can find me on Instagram at h stebbings 1996 with 2Bs. I would love to see you there where you can ask questions for future guests and even suggest future guests for the show. But to the show today and we welcome an incredible serial entrepreneur in the form of Seth Sturmberg, founder and CEO at Honor. The startup that provides home care, your family will love. To date, Seth has raised over $60 million in funding with honour from the likes of Thrive Capital, Andreessen Horowitz, Homebrew and 8VC, just to name a few. And prior to honour, Seth was the co-founder and CEO of Meebo, a web communications platform backed by the likes of Sequoia, Coastla and True Ventures, and Mebo reached $50 million in revenue and close to half of the US internet population before being acquired by Google for $100 million in 2012 at Google Seth served as a product director working on the Google Plus platform and Google X.”

    2018-05-18 · The Twenty Minute VC · 20VC: 3 Questions Founders Must Stress Test VCs with, What Separates the Good From The Great VCs & Why 80% of VC Detract Value From Board Meetings with Seth Sternberg, Founder & CEO @ Honor · IDENTIFIED FROM THE TRANSCRIPT · source