20VC: Dave Morin on Why Building A Fund Is Like A Company, Why Venture Is A Craft & The Journey To Establish Slow Ventures

Dave Morin is Founder & Partner at Slow Ventures, the leading valley venture fund with investments in the likes of Slack, Pinterest, Evernote, NextDoor, Postmates just to name a few. Prior to Slow, Dave was the Co-Founder and CEO of Path, the social network that serves tens of millions of people every day. Path was acquired by Kakao in 2015. If that was not enough, he also spent several years at Facebook where he led Facebook Platform and Connect during periods of rapid innovation and growth. Today, he serves on the Board of Directors of Eventbrite, Dwell, and Hinge.   In Today’s Episode You Will Learn: 1.) How Dave made the transition from Facebook and Path to founding Slow Ventures? 2.) As a new entrant to VC, how does Dave look to develop pattern recognition with founders and ideas? What is the most challenging element? 3.) Why did Dave, Sam and Kevin decide to institutionalise Slow for the 'club' to the structured fund that it is today? How did that change their investment decision making process? 4.) What role does network play in the value and operations of Slow? How do they look to increase the network effect to further provide value to their companies? 5.) What role does valuation and ownership play for Dave when investing? How does that change with the larger cheques? Items Mentioned In Today’s Show: Dave’s Fave Book: The Alchemist Dave’s Fave Blog: The Information Dave’s Most Recent Investment: Perlstein Lab As always you can follow Harry, The Twenty Minute VC and Dave on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Eve make 1 perfect mattress – made with 3 layer technology and next generation memory foam. It comes packaged in a beautiful box and arrives the day after you order. You get 100 nights to try it with free return pick-up – it really is the perfect mattress for everyone. Just go online to evemattress.co.ukand enter the code 20VC for £50 off. Everybody deserves the perfect start with Eve. Cooley are the global law firm built around startups and venture capital. Since forming the first venture fund in Silicon Valley, Cooley has formed more venture capital funds than any other law firm in the world, with 50+ years working with VCs. They help VCs form and manage funds, make investments and handle the myriad issues that arise through a fund’s lifetime. So to learn more about the #1 most active law firm representing VC-backed companies going public. Head over to cooley.com and also atcooleygo.com.