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Sheel Tyle

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61
first
2018-01-02
most recent
2018-01-02
sittings or episodes
1
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podcast

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  1. “I mean, look, venture as an asset class stinks. If you invest in the average venture firm, you're probably going to get your money back or lose your money. So it's not a great asset classic. It is a winner takes all asset class, which makes sense. If you're investing a great company, there are usually only a couple investors that are allowed to invest in those great companies. Those are the ones that deliver astronomical returns. Now the best venture funds tend to deliver returns that are better than any other asset class period, but there are probably 10 to 20 of those. And collectively, they don't actually manage that much money. If the average venture firm in the top 10 manages current fund size, let's say it's $500 million, means there's $5 billion of interest, which is smaller. Yeah, I mean, there are sovereign wealth funds that would love to do all of that, but they can't. And everybody is competing for those dollars. So winner takes all model.”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Is only going to get more and more important. Those skills are becoming more in demand, not less in demand, even though automation is occurring all around the world. The number of job openings actually increasing, not decreasing. So it's a matter of training. And all that can happen in places like Africa.”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “Even though the business model is one where they're working remotely for tech companies, I mean, people often ask, why would an Undela fellow stay if they're becoming the best engineers on the continent and there's a dearth of engineers everywhere in the world for every in the US for every one qualified developer there are five open engineering jobs Why wouldn't a developer at Undela leave and just go directly? It's because of this community and the curriculum and the soft skills and everything else. The same reason anybody can choose to drop out of Stanford, but I would guess 98% don't and they're paying for an education. They're not even getting paid. So I think that plays on a number of trends. I think it shows that there are smart people everywhere. I think it shows that youth are hungry to learn. I think it shows education is in demand. And if you can come up with an eradically new way of delivering education, you can increase its accessibility. And I think it shows that engineering”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “So, I think the success of Undela is really measured by a couple of statistics. One is the admissions rate. It's less than a 1% admissions rate, which just tells you the demand. And I look at the quality of folks who aren't getting admitted, and they're extraordinary. The other thing is the retention. Fellows, we call them fellows, the students. Fellows, there's a 99% retention, which means they are so in love with the offering of Undela that they choose to stay.”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Program similar to an MIT. A four-year education institution essentially that trains people in soft skills as well as computer science and technical skills. But the innovation behind the model other than the curriculum is the economic model. Instead of students paying tuition, we pay students from day one. Now what that means is suddenly everybody can afford an education. Now it's even higher than that. And that really changes who can afford an education even with financial aid, which not every place has.”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Majority of that is under the age of 20. It is fast growing. But the other thing to note is I think there's something like a 60% youth unemployment rate, which, if not handled appropriately, can spell chaos. Idol, youth are the worst thing that can happen to a country, or one of the worst things. That being said, they're not unemployed in many cases because they are incapable. They're unemployed because of lack of opportunity. They are just as smart as we are as our friends or as anybody in China or Korea or India. And so Andella, what they do is they play on the theme that, as I mentioned, talent is universal, but opportunity is not. There are smart young folks everywhere, including Nigeria, Kenya, Uganda. So what this company does is it finds the smartest and has created this four-year”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Yeah, and I think the best way to do that might be to tell you the story of Undela, because it actually touches on a number of themes related to the demographics and what I look for. So more than half of Nigeria's population is under the age of 30. And I would say, if I were to guess, I would say.”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “There's opportunity and chaos. And if you can traverse the chaos and be okay with uncomfortable atmospheres, or weather that you might not be used to or traffic that might be a little bit annoying, there's a lot of opportunity. And so now I've made a number of investments in Africa. I'm on the board of this company on Della, which we can talk about, which is transforming education on the continent. But I just think it's the greatest opportunity of our lifetime.”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “Only untapped place left, if you think about it, is Africa. Many of the fastest growing countries in the world are in Africa. Nigeria has something like 190 million people right now. It's the eighth biggest country in the world. It will soon be the fifth biggest country in the world, some saying the next five years. And potentially during our lifetime, it could be one of the three biggest countries in the world. It could go one day. Some people say it could go India, Nigeria, China in terms of population, which just tells you something. And so I was, I remember going to, starting with Nigeria in maybe three years ago, and realizing how dynamic it was. It reminded me of India when I first went to India or China maybe what I would imagine China would have been 30 years ago. So the development was just transformational. And I realized”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “No idea what they were doing. Why are they taking us these places that are not very comfortable or as comfortable as where we are or where we could be or where our friends were going? But over time I realized that that was special. It was a unique experience that we were getting and I began to appreciate it more and more. And it gave me a comfort in those places. Fast forward many years later as a venture capitalist, one of my companies on Della has the slogan Talent is universal, but opportunity is not. There's no reason the next Mark Zuckerberg can't come from Africa. He or she doesn't have to come from Exeter or Harvard or Stanford or places out many folks traditionally think as the hot spots for entrepreneurship? They can come from anywhere. And as I was looking around the world, I realized that perhaps the biggest opportunity of our lifetime, perhaps the”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “Yeah, and first, thanks for having me. I think before we start with Africa, we should probably talk about my parents. And the reason I want to start with them is but for them I wouldn't have gotten an interest in emerging markets broadly. You know, my parents are immigrants from India, and they came to America for education to pursue their American dream. They were not wealthy. They applied to schools that did not have application fees, and education got them everything. And so when we were growing up, my parents would never take us to places like Europe or the Caribbean, traditional vacation spots, if you will. We went to emerging markets. We went to Nairobi in ninety eight and actually left the day before the embassy bombing. We went to Brazil in 01. They wanted to show us how the real world worked. And initially, my younger brother and I had”

    2018-01-02 · Invest Like the Best · Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70] · IDENTIFIED FROM THE TRANSCRIPT · source