#95 VC Deep Dive: Footwork + 20VC

September 07, 2023

Hi Everyone! đź‘‹ Welcome to the new members of @TheFundCFO crew! We recently launched a paid tier and released our VC Fund Playbook + Models @ Streamlined.Fund! Re-linking some top 2023 posts: #67 Top VC CFO Posts & References & #65: WTF is Going On in VC (+ New Fund Model Data).

Every Tuesday/Thursday, we bring you actionable tools, real-world experiences, and insider insights for #VC CFOs/Finance Pros and fund managers, #LP investors, and industry enthusiasts/people who want to learn :). As a reminder:

  • Tuesday: insights + interviews. Free for everybody.

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“The distance between your dreams and reality is called action.” -Unknown

Dear readers, thanks for all the great feedback on our recent VC deep dives! We’ve gone deep on some notable VCs & unpacked some insights around building generational firms (#93 VC DPI & Power Laws - What They Mean Today, #91 VC Deep Dive: Fresh Takes From Top VCs, #89 Brad Gurley (Benchmark) + David Sacks (Craft), & #87 Building Generational Firms).

There’s a lot of great content from notable VCs, LPs, and CFOs/finance pros on the internet. Here, we’re focused on pulling out the insights out that really matter, as well as finding the most current content that overlays historical lessons with current market dynamics, which are changing faster than ever.

Today, we’ll share some insights from the recent conversation with Nikhil Basu Trivedi (Footwork) and Harry Stebbings (20VC).

Nikhil Basu Trivedi on 20VC w/ Harry Stebbings | E1057

A few weeks ago, I sat down in London with Harry Stebbings, founder at 20VC, for a wide-ranging conversation that was published today. Check out the podcast on Spotify or Apple Podcasts, or if you’d like to watch the video, it’s on YouTube.

Background (from Nikhil)

Harry and I first connected back in January 2016, when I reached out to him on Facebook Messenger. He was an 18-year-old podcaster trying to get a job at a venture firm, and we met up soon thereafter in San Francisco and later that year for breakfast in the UK. It’s awesome to see what Harry’s built in the past 7 years, and it was a lot of fun to spend a couple of hours together for this episode. Key topics covered:

  1. Why small funds outperform large funds

  2. Strategy at Footwork

  3. The weight we put on product-market fit in our investment decision-making

  4. Great investments I’ve been a part of and ones I’ve missed

  5. The hype cycle in AI

  6. Raising funds from limited partners

  7. Personal topics like parenthood, and more

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