Sunday, April 21, 2024

20VC: Three Core Classes for Founders From the SVB Disaster From Monetary Agility (Banking) to Establishing State of affairs Plans and Mastering Disaster Communications | How The Western World Has Not Been Accountable with its Cash & Why The Fed Is Backing Itself Right into a Nook with Mike Maples


Posted on twenty fourth March 2023 by Harry

Mike Maples is likely one of the OGs of seed investing. Because the Co-Founding father of Floodgate, he has backed the likes of Twitch, Okta, Lyft, Twitter and extra. Mike has been on the Forbes Midas Checklist eight instances within the final decade and was additionally named a “Rising Star” by FORTUNE and profiled by Harvard Enterprise Faculty for his lifetime contributions to entrepreneurship. 

Episode Transcript

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In Immediately’s Episode with Mike Maples We Focus on

1.) Lesson from SVB #1: The Significance of State of affairs Planning:

  • What’s the proper strategy to do state of affairs planning in startups?
  • What’s the distinction between good vs unhealthy state of affairs planning?
  • What do the perfect state of affairs plans embrace and contain?
  • What’s the proper strategy to talk these state of affairs plans to your stakeholders?

2.) Lesson from SVB #2: The Significance of Monetary Agility:

  • What does it imply for a startup to be “financially agile”?
  • From a banking relationships perspective, what can startups do to be financially agile?
  • What number of accounts ought to a startup have? How a lot runway needs to be in every?
  • Ought to startups financial institution with startup banks in addition to conventional banks?
  • Ought to startups have their cash in sweep accounts and cash market accounts?

3.) Lesson from SVB #3: How one can Grasp Disaster Communications:

  • Why is it so necessary for founder to over-communicate in powerful instances?
  • How clear ought to they be in these communications?
  • What does Mike imply when he says “be radically human”?
  • If Mike had been to face a disaster, what would he do otherwise in the best way he communicates to his LPs?

4.) Classes from SVB: The Wider World:

  • Why does Mike imagine the extent of quantitative easing that occurred in COVID was scandalous?
  • Does Mike imagine the USD will proceed to be the reserve foreign money of the world?
  • Will we be in a greater or worse macro state of affairs by the tip of the yr?
  • Has Mike ever had an organization that achieved true PMF and failed?

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