Will Porteous is the General Partner & COO @ RRE Ventures, one of New York's leading venture funds with investments in the likes of Buzzfeed, The Huffington Post, Giphy and Paperless Post just to name a few. As for Will, he works primarily with media and hardware companies, where he is a Director of BuzzFeed, Paperless Post, Spaceflight, and Spire. Prior to VC, Will held senior management positions with SupplyWorks and NetMarket, the e-commerce pioneer now owned by Cendant Corp. In Today’s Episode You Will Learn: 1.) How Will made his entry into VC and came to be the hardware and media specialist as General Partner and COO @ RRE Ventures? 2.) Why does WIll believe VC is like the movie industry? How can VCs be prepared to movie producers? How does the talent required to make a great movie resemble that of making a great startup? 3.) Why does Will think the current venture model of 10-year life cycles is broken? How would he like to see LP liquidy opened with iterations on the current venture model? How can the secondary market be revolutionized to provide such liquidity? 4.) Why does Will believe that location awareness will drive a wave of value creation an order of magnitude greater than anything we have seen before? What is the thesis behind this? What are the barriers, both from a technology and cultural perspective? 5.) What were Will's biggest takeaways from being mentored by the legend, Bill Campbell, Former Chairman and CEO @ Intuit? What did he learn about leadership and incentivising a workforce from Bill? What example does Bill provide from seeing this at Google? Items Mentioned In Today’s Show: Will’s Fave Book: Radical Candor; Be A Kickass Boss Without Losing Your Humanity Will’s Fave Blog: AVC by Fred Wilson Will’s Most Recent Investment: The Outline As always you can follow Harry, The Twenty Minute VC and Will on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. WePay helps online platforms increase revenue through integrated payments processing, helping platforms offer ROI-positive integrated payments to their users – within their UX and without taking on fraud & regulatory exposure. WePay also offers award-winning support and can even work with your team thru Slack or Zendesk. Get the payments revenue you want, without getting bogged down every time a user has a payments question. Simply visitwepay.com/harry PipeDrive is the Sales CRM and pipeline management software to use, with the primary view being the pipeline a clear visual interface that prompts you to take action, remain organized and stay in control of a complex sales process. This is why sales pros and deal makers love it (my words, not Pipedrive’s). Plus it easily lets you find the stats you need and is fully customizable. Even better, you can signup for free on here it really is a must.

Michael Ma is a Founding Partner @ Liquid 2 Ventures, one of San Francisco's younger and more exciting seed funds, also unique in having Hall of Fame quarter back, Joe Montana as another Founding Partner. Their portfolio includes the likes of previous guest, WorkRamp, NerdWallet, FanDuel and many more very exciting young companies. Prior to Liquid 2, Michael was the co-founder of TalkBin, a YC alum that later sold to Google and was an Investment Team Partner @ First Round's Dorm Room Fund.   In Today’s Episode You Will Learn: 1.) How from Michael's parents arriving in the US with $300 Michael made his way into tech ended up in YC, selling his company to Google and ultimately being a VC with Liquid 2? 2.) Does Michael agree with the common suggestion that too much money is chasing too few deals at seed? How does Michael think raising now is different to when raising for Liquid 2? How did having Joe Montana as a founder affect the fundraise? 3.) How does Michael view the optimal decision making process? Does Michael believe in unanimity or conviction driven processes when investing with a partnership? How does this change for follow on? Why is it so important to have silver bullet deals in partnerships? 4.) Does Michael agree with the commonly stated assessment that with the scaling of YC the quality has reduced? How does Michael use his own YC experience to argue against this? How should investors be approaching YC today, in this structure? 5.) How does Michael view fund cycles when investing in such deep tech as he has? Are they too short? How does Michael look to scale the learning curve on new industries and transformational technology? Items Mentioned In Today’s Show: Michael’s Fave Book: Count of Monte Cristo Michael’s Fave Blog: TermSheet Michael’s Most Recent Investment: Vivid Vision As always you can follow Harry, The Twenty Minute VC and Michael on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. WePay helps online platforms increase revenue through integrated payments processing, helping platforms offer ROI-positive integrated payments to their users – within their UX and without taking on fraud & regulatory exposure. WePay also offers award-winning support and can even work with your team thru Slack or Zendesk. Get the payments revenue you want, without getting bogged down every time a user has a payments question. Simply visitwepay.com/harry PipeDrive is the Sales CRM and pipeline management software to use, with the primary view being the pipeline a clear visual interface that prompts you to take action, remain organized and stay in control of a complex sales process. This is why sales pros and deal makers love it (my words, not Pipedrive’s). Plus it easily lets you find the stats you need and is fully customizable. Even better, you can signup for free on here it really is a must.