148 Jaclyn Hester: Foundry Group’s New Partner!
Something Ventured -- Silicon Valley Podcast
Release Date: 10/07/2020
Frank Rotman: The Midas List Veteran on Building Fintech Empires at Capital One and QED Investors
Something Ventured -- Silicon Valley Podcast
In this episode I talk with Frank Rotman, Founding Partner and Chief Investment Officer of QED Investors, a leading fintech-focused venture capital firm managing $4.3 billion that has backed over 200 companies. A seven-time Forbes Midas List honoree, Frank shares his remarkable journey—from shaping Capital One’s groundbreaking, data-driven strategy during his 13 years there, to co-founding QED Investors, which has since become a global powerhouse in the fintech ecosystem. Frank is also a widely respected thought leader—you may know him as @fintechjunkie on X—where his essays and...
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Eric Ries: The Lean Startup Revolution in an AI-Driven World
Something Ventured -- Silicon Valley Podcast
Eric Ries, entrepreneur and author of the bestselling book "The Lean Startup," ignited a movement that reshaped how founders and corporations build and scale businesses worldwide. Drawing from his experiences in Silicon Valley startups, Ries introduced a methodology centered on rapid experimentation and iterative development that encouraged entrepreneurs to create minimum viable products (MVPs), test assumptions with real customers, and pivot quickly to maximize success. He is host of The Eric Ries Show where he discusses with founders and business leaders how to build profitable...
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Kobie Fuller: Upfront Ventures Partner’s High-Speed Sprint from Track Star to Venture Capital Powerhouse
Something Ventured -- Silicon Valley Podcast
Kobie Fuller is a partner at Upfront Ventures. He came to the firm after investing at Accel and leading marketing efforts at EVOLVE, the large global fashion ecommerce platform. Highlights from our conversation. -- we covered a lot of ground, so this is just a small part: Kobie’s Athletic Background and Vision for Track and Field: Kobie, a former track and field athlete who competed in the 400m and 200m, believes the sport deserves greater mainstream attention due to its purity and universal accessibility. He discusses a new professional track...
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David Anderman: Space (Investing) is Big. Really Big. From Lucasfilm’s Star Wars to SpaceX to…The Final Frontier
Something Ventured -- Silicon Valley Podcast
David Anderman is co-founder and General Partner of Stellar Ventures, a venture capital firm focused on early-stage space technology startups. He spent 16 years at Lucasfilm Ltd., creator of the Star Wars franchise. As Chief Operating Officer and General Counsel, he notably negotiated Lucasfilm’s $4 billion sale to Disney in 2012. Moving from imagined space to real space: David became General Counsel at SpaceX, where he played a key role in landmark projects like the launch of Starlink and the first private human spaceflight to the International Space Station. David is also founder of...
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Cyan Banister: The Future is Cool Again / Falling in Love with Technology / A Brush with Star Wars
Something Ventured -- Silicon Valley Podcast
Cyan Banister of Long Journey Ventures is truly one of the most successful and interesting early stage venture investors. And by ‘successful investor’, I mean “invested early in Uber and SpaceX” kind of successful. She overcame a challenging childhood that included periods of homelessness (a surprisingly uplifting story, covered deeply in Tim Ferriss’ interview with Cyan). Here we discuss Cyan’s journey from these early struggles to becoming a prominent figure in . Along the way she learns to program computers, and co-founds Zivity – an early social networking site one might...
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Roger Ehrenberg: From IA Ventures to Eberg Capital – A Top Silicon Valley Investor Turns to Sports
Something Ventured -- Silicon Valley Podcast
Roger Ehrenberg's career spans three remarkable acts, each of which would be impressive on its own. He founded IA Ventures, a seed-stage venture capital firm, in 2010. IA Ventures invested in numerous successful startups, including Datadog, Digital Ocean, The Trade Desk, and Wise. His work with IA Ventures has earned him recognition as a three-time winner of the “Midas Award” – the coveted ranking of venture capitalists by Forbes. Before founding IA Ventures, Roger spent 17 years on Wall Street at Citibank and Deutsche Bank, specializing in derivatives and quantitative...
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Mark Scianna: From Palantir Engineer to Venture Capitalist / Inside Palantir’s Early Days / VC Discovers Defense Tech
Something Ventured -- Silicon Valley Podcast
Mark Scianna, the founder of venture firm "Forward Deployed," which targets sectors like Defense, Energy, and A.I., was spotlighted as a 'top emerging manager' in 2022. Starting his journey as an engineer and an early investor at Palantir, Scianna offers an insider's perspective in this episode, unraveling the enigma of Palantir's inception and meteoric rise. Scianna delves into what makes Palantir so unique, shedding light on how its unconventional management style has been a cornerstone of its success. He doesn't shy away from the intense realities of being 'forward deployed'—a term that...
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Winter Mead: How to Raise a Venture Capital Fund (and more!), From Coolwater Capital’s Founder
Something Ventured -- Silicon Valley Podcast
Winter Mead is the author of How to Raise a Venture Capital Fund: The Essential Guide on Fundraising and Understanding Limited Partners. He is also founder of Coolwater Capital, a new model that helps launch, build, and scale emerging fund managers While there are a lot of investors (known in the parlance as “LPs”), and certainly a lot of funds – the set of people who sit at the intersection of these two is much smaller. So Winter has an unusual perspective and point of view to share. Winter shares his journey from Harvard and Hall Capital to Sapphire Ventures and ultimately to...
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Max Altman and Ben Braverman: Returning to Tradition with Saga Ventures
Something Ventured -- Silicon Valley Podcast
Max Altman and Ben Braverman were both pretty close to Silicon Valley royalty before they started Saga Ventures. Max had built Alt Capital with his brothers Sam and Jack. Ben had helped Ryan Peterson build Flexport as its Chief Revenue Officer. Recently, they came together with a third partner (Thomson Nguyen, who does not appear in this episode) to form Saga Ventures. In this episode, Max and Ben talk about building their new fund, discussing its structure, goals, and the nature of VC partnerships. We continue with a look at the Silicon Valley Ecosystem: There is a...
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Alexis Gay: Silicon Valley’s Favorite Comedian Makes her “Unprofessional” Debut
Something Ventured -- Silicon Valley Podcast
If you don’t already know about Alexis Gay, you’re about to. Alexis is the creator and star of her solo comedy show, “Unprofessional”. Recently, her show was a hit at the world-renowned Edinburgh Fringe Festival, and she's now touring the show for audiences across the United States. Alexis previously worked in the tech industry running Business Operations and Creator Partnerships at Patreon. Outside of work, she started creating videos featuring dead-on takes on tech culture -- and everyday life. These soon went viral, racking up more than 24 million views...
info_outlineJaclyn Hester has just become a Partner at Foundry Group. So first, “Congratulations, Jaclyn”.
Jaclyn joined Foundry Group – the Boulder-based tech company and venture fund investor -- after a few years at big law firms. As a lawyer, she worked on everything from startup formation and financing to large M&A processes.
During graduate school at CU Boulder, she caught the entrepreneurship bug and immersed herself in the local startup community, serving as the Executive Director of Startup Colorado. She has also built a startup with her husband, Anders. Their family’s bootstrapped tour and activity software company was successfully acquired in 2018 by Booking.com. She becomes a partner Foundry just as it raises its first Foundry Group Next (“FG Next”) fund.
Episode Quotes:
On Her Path from Lawyer to Entrepreneur
“I always had a feeling that there was something more interesting about the businesses themselves than about the legal aspect. I think for me, it felt like being the attorney was just a way to be connected to the business. And I enjoyed going to law school. It was an incredible education. But I must have known that I liked the businesses, maybe, better.“
On the Purpose of the FG Next Fund
“It is important to remember that the pools of capital at the institutional level -- so the pension funds, the endowments -- these are multi billions of dollars. Venture capital is just a teeny tiny thumbnail inside of their private asset or private equity asset class, which itself is one a bunch of other asset classes that they invest in. And so it's probably among the riskiest highest reward of the things that they invest in. But it's a really small piece. So if you think about, a 10, 20, 30 billion dollar pool of capital spending time on making 1 to 10 million dollar investments in a venture capital fund -- just doesn't make sense.”
On COVID-19’s Impact on Companies
“We’ve always believed that you can build great, great companies anywhere and that the talent is not concentrated in the Bay Area. That trend is accelerating with more openness to remote work. Not having to have everyone in the same place means that people are thinking about talent differently.”
Foundry Group
Jaclyn on Twitter
@jfreester
Something Ventured