20VC
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Why VCs Have Forgotten Their Job To Invest In Entrepreneurs not Technologists, How To Know When Growth Creates Value and When It Destroys It & How To Bootstrap Learning Most People Acquire Over Decades with 8VC Founding Partner, Drew Oetting
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20VC: Why VCs Have Forgotten Their Job To Invest In Entrepreneurs not Technologists, How To Know When Growth Creates Value and When It Destroys It & How To Bootstrap Learning Most People Acquire Over Decades with 8VC Founding Partner, Drew Oetting

Drew Oetting is a Founding Partner @ 8VC, one of Silicon Valley's youngest and most exciting new entrants to the VC market with $425m for their debut fund. In just a few years they have built a portfolio including the likes of Oculus, RelateIQ, previous guest Elad Gil & Color, recent guest Mario @ Oscar and many more incredible companies. As for Drew, previously he served as Chief of Staff to fellow 8VC Founding Partner, Joe Lonsdale and was a two-time Bill Gates Investment Asset Management Fellow. Drew is also an advisor to Living On One, Rubicon Global and is a Founding Board Director @ Affinity Technologies.

In Today’s Episode You Will Learn:

1.) How Drew made his way from Joe Lonsdale's Chief of Staff to Founding Partner @ 8VC?

2.) Why does Drew believe the way we think of VC today will change? How does the extended period of privatization affect the role of the VC and their relationship to the founder vs the company?

3.) Why does Drew believe that funds make big mistakes in the internal setup of their operation? Why do funds not do a good job of developing talent? What are the problems of funds being internally competitive with deal by deal carry etc?

4.) As a Founding Partner of a $425m fund at 26, what were the challenges of having such a position, earlier than usual? How did Drew overcome them? What advice would Drew give to young people who want an accelerated career path?

5.) Why does Drew believe that "VCs have forgotten their job is to invest in entrepreneurs NOT technologists"? How does Drew determine whether someone has the ability to bridge both technologist and entrepreneur?

Items Mentioned In Today’s Show:

Drew’s Fave Book: Barbarians At The GateFooled By Randomness

Drew’s Fave Blog: Dan Primack: Axios

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20VC
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.
If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.