Powered and implemented by Interactive Data Managed Solutions. The premise was simple: each week, he would interview a prominent venture capitalist for 20 minutes. He also You can help Wikipedia by expanding it. The podcast host guests from more than 200VCs such as Benchmark, Y Combinator, Kleiner, Accel, and Index. I did the show, really enjoyed it, and have listened religiously since., Will Stebbings get to continue with his show, even if it means giving coverage to other VCs? These days, that means his inbox is full of investors and founders sharing deals theyre interested in as well as PRs pitching their clients to appear on a show (a nightmare for my email). Stebbings released his first podcast an interview with Silicon Valley VC Guy Kawasaki on January 10, 2015. Earlier this year, podcaster-turned-VC Harry Stebbings went through his first big breakup. He once shared a photo of him and his mother where he referred to her as HERO. If you would like to customise your choices, click 'Manage privacy settings'. It wasnt as huge as it is now, but when I looked into the podcast I was immediately struck by the quality of the people he'd already interviewed. His father is a stockbroker and his mother has multiple sclerosis; the podcast was initially. Those connections getting leveraged into dollars is a proof point of this growing idea, and sometimes meme, that Twitter followers can help anyone start a rolling fund. Shes the coauthor of our weekly Startup Life newsletter, which you can subscribe to here. All Rights Reserved. Not Anymore. Big Tech Jobs Were Once a Golden Ticket. If you say to a board member that you are struggling, they can fire you, Stebbings said.Still, in what may be the ultimate vote of confidence in his former protg, Destin has personally invested in Stebbings 20VC fund.This story has been updated to add Stebbings comments on Stride VCs first fund eventually hitting its target size. Other notable investments include Pachama, Nex Health, Sorare, BeReal, Linktree, Taxdoo, Athenian and Merge.[9]. 2023 Sifted EU Ltd. All Rights Reserved. That way hes known so when he sends an investor an email, he can make sure its got that personal touch. Harry Stebbings, the podcaster-turned-VC, is stepping down as a partner of Stride.VC, the London-based venture capital firm he co-founded with Fred Destin, formerly of Accel. In May 2020, he launched his venture capital fund, 20VC fund and raised a further US$140,000,000 in funding in June 2021. The gamble paid off. (In May, Stride announced it has raised a second $138 million fund.). personalising content and ads, providing social media features and to Didis Revival Shows China Cant Live Without Big Tech. Simply log into Settings & Account and select "Cancel" on the right-hand side. Some of them were really interesting. Stebbings said that a $33 million fund will be dedicated to pre-seed and seed investments, each totaling between $250,000 to $500,000, and a larger, $107 million fund will target growth stage startups, with investments of $3 million to $5 million each.He said the fund, in which he is the sole general partner and will make all the investment decisions, would back startups from anywhere in the world. I realised that the way to win in this industry was to get all the different nodes of the network startups, VCs and LPs and if you have the best network between all three, then relatively speaking you should be the best at it, Stebbings explains. Harry Stebbings, the 24-year-old London-based creator and host of The Twenty Minute VC, is launching a micro VC fund of $8.3 million. (He's a solid A now.) But the idea was at best fanciful, at worst downright foolhardy. Take Johnny Boufarhat at Hopin (one of those founders who would call him up at midnight): The events platform is just one element of the product that unlocks a lot more.. Why PLG and enterprise at same time is SO hard. Harry Stebbings, who while still a teenager made a name for himself in Silicon Valley with his popular The Twenty Minute VC podcast, has cemented his transformation from venture capital fanboy. Harry Stebbings loves venture capital. First, media experience, and the ability to spout useful content in a noisy world, is being increasingly valued as an asset in the modernizing world of VC. A lot of times a Series B or C [stage startup] approaches us or their investors do and say, Hey, were thinking about distribution, the content machine, the founder brand and then I write a $3-5m cheque in a $30-50m round, he explains. Stebbings laughs. @balderton.com, @thetwentyminutevc.com, @googlemail.com @gmail.com, and @stride.vc. Harry is the Founder of The Twenty Minute VC, the world's largest independent venture capital podcast with over 100,000 listeners, partnerships with Mattermark and ProductHunt and guests from. [7] In June 2021, Stebbings raised a further US$140,000,000 in funding. " Security! Founders Friday 002: Balderton's James Wise interviews 20VC Founder, Harry Stebbings (Podcast Episode 2015) Parents Guide and Certifications from around the world. [Postscriptafter seeing the published post, Harry informs me he is no longer a teenager, having turned 20 two weeks ago. How and when to hire for sales? [2], In May 2017, Stebbings left his job at venture capital firm Atomico after six months working there. Just think of that great name: The Twenty Minute VC Podcast says it all in 5 words. Stebbings is blunter. He has an audience, he understands what it is to be a founder, he has influential fans, knows how to ask questions, and works his ass off. He asked about a competitive VC interview show (one that was a little longer and more ponderous) that Id given higher grades to, and wanted to know why. Harry Stebbings Expand search. Danny [Rimer], one of the very best VCs of our generation, is a mentor to me. This is the 20 minute VC with me, Harry Stebbings. That's one of the biggest solo VC partner funds either side of the Atlantic. I dont want to lead rounds and sit on boards, Stebbings said. Today, The Twenty Minute VC averages 300,000 downloads an episode and counts the most prominent cheque-writers in the industry among its fans. Right concept, communicated perfectly. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. It's completely different world, he says, sounding, for a brief moment, wistful. What is their rate of growth to becoming a great leader? While every Harvard MBA is trying to find a way into venture capital, how did an unknown Brit cut ahead in line and become a go-to-source and door-opener? As for what he needs to learn, he thinks its mental plasticity changing strategy based on what the market is up to, especially given the emergence of fast-deploying funds like Tiger. Turnoffs include founders who lack ambition, who try to cover things up and who arent great at fundraising (its part of their job), he says. But maybe more notable is what his assumed success as a 24-year-old who has won a spot in competitive deals and raised a massive venture capital fund means for the way that tech is evolving. Simply put, this concept requires quality content to be put out regularly to build an audience. "Five years later, after obsessively reading and studying the industry, I saw the opportunity for a podcast.". Hes ballooned to 100k downloads per show, getting bumps from social media mentions of people with large followings. He already has a head of finance its important to build the best LP product as well as the best founder product and hes currently hiring a head of operations and an executive assistant. Harry Stebbings, a British podcast presenter, is the originator of The Twenty Minute VC podcast, in which he interviews famous venture capitalists and. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. (Women are, however, notably few and far between on the guestlist.). Stebbings energy is overpowering. Harry Stebbings: Ryan. Join Harry and discover how you can attain fun. Harry, in the words of your countryman Ali G, Respek! Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Harry Stebbings' Creator Profile This is a podcast creator profile for Harry Stebbings. Harry Stebbings started The Twenty Minute VC podcast after being inspired by The Social Network, 'Now is the best time in history to be an entrepreneur in Europe': State of European Tech report. Be like Harry. [8] The fund focuses on investments in Europe and North America. He earns an average salary of $79,384 per year. For cost savings, you can change your plan at any time online in the Settings & Account section. [3], Stebbings stepped down as partner at Stride.VC, a firm he co-founded with Fred Destin in 2018 with 100,000,000. Because of all the shows and relationships, if were looking at a payments infrastructure business, we can speak to the founding team at Stripe or Nubank [an LP in the fund] and pull in the best minds to help me analyse this business. All Rights Reserved. More from Forbes 30 Under 30 - Europe - Finance 2019 List. From the $107m later-stage fund, hell be writing cheques of $3-5m in $30-50m Series B or C rounds, in the very best companies from Europe and the US. Most recently, Harry joined Jason Lemkin at Saastr with an aim of building out the platform and also expanding into new verticals. Today, Stebbings is announcing that hes now raised two 20VC funds a $33m early-stage fund and another $107m growth fund which he will lead as a solo general partner. Because Stebbings was only 18. [1] The first episode was an interview with Guy Kawasaki, released on 10 January 2015. analyse how our Sites are used. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. He asked me perceptive questions about other startup broadcasts competing for my attention, trying to determine how his show could be sufficiently better or differentiated to keep my attention. If I grow the business and continue to to grow the business, my brand gets better and my deal flow gets better, he says. Hes also not planning on expanding his team massively. The trouble with teams is you need to create culture, you need to manage, do 1-1s, reviews, give feedback and anything that takes me away from meeting the next Stripe or Hopin, that time could be used meeting companies., Stebbings thinks that great founders are often systems thinkers they view the business in component parts, and each one unlocks the next one. "That does sound rather worrying. Harry stands at a height of 5 ft 8 in ( Approx 1.73m). Hes excited to be there, so his guests are too. Updated to note Daniel Ek is not an LP in this fund. Tech Volunteers Rush to Save Turkeys Earthquake Survivors. Stebbings also works as a consultant, helping VCs polish their personal brands on social media. We use We, TechCrunch, are part of the Yahoo family of brands. In 2021, Harry went through his first big breakup. Whatever the means, Im sure that Harrys listener acquisition cost is zero. Which goes back to. The fund got off to an inauspicious start: Just as Stride was courting investors for its first fund, Bloomberg News reported that at a previous fund, Destin had once made inappropriate sexual advances toward a female founder trying to raise money for her startup.Destin apologized for his conduct, saying he had sometimes acted without awareness at parties. Still, the story hurt Strides fundraising drive, and it wound up raising just 50 million ($70 million), half the amount it had initially targeted. He is a man of average stature. All rights reserved. Fast forward two years, and Stebbings boyhood dream has become a reality. WIRED first speaks to Stebbings on a brisk Thursday morning in early October. offers FT membership to read for free. Dealflow comes from two sources: Rounds coming together and people [bringing me] in proactively, or me finding something interesting and being proactively outbound on that market., As far as outbound goes, at the moment (post-fundraise) his focus is on the KYC and AML (know your customers and anti-money laundering) sectors: Its a completely broken industry.. "Harry Stebbings moves from teenage podcaster to $140m investor", "From podcast star to 'the world's youngest VC': 20-year-old Harry Stebbings is joining Atomico", "The 'world's youngest VC' has left VC firm Atomico", "It's official: London-based Stride.VC raises 50M seed fund", "Harry Stebbings is leaving Stride, the VC firm he founded with Fred Destin", "Harry Stebbings Builds on Podcast to Raise $140 Million for Venture Funds", "24-year-old podcaster turned VC scores $140 million from MIT, Spotify backer to invest", "From Twenty Minute VC to 20VC, Harry Stebbings launches a micro VC off the back of his popular podcast", https://en.wikipedia.org/w/index.php?title=Harry_Stebbings&oldid=1135992058, This page was last edited on 28 January 2023, at 03:08. But in my book he is still a wunderkind! Software-as-a-service VC Jason Lemkin calls Stebbings, now 20, "one of the most beloved connectors and promoters in venture". I was introduced to Harry Stebbings work at my lowest moment. While not all shows actually stick to twenty minutes, it seems to be just the right amount of time for a listener to digest a show during a commute and for the interview to contain something of substance. Check if your How did you hear about the 20 minute VC? It is so great to have you on the show today. Think of it as a parable for the content marketing age. Now funds are deployed in 12 months and you have to play the game on the field.. This week, we sat down with Forbes Under 30 Healthcare 2023 lister Blake Mandell to discuss his companys latest funding round. In five years' time, in all honesty, the goal is a $50 million (40m) fund of my own," he says. Harry Stebbings: That's enough of these dreary British tones, so now I'm very excited to welcome Ryan Sandler, founder and CEO at Truework. Get unlimited access to all of Sifteds free coverage and analysis. @KillCreek @TrustVanta is one of the best on: Career advice for parents. Being on the board is difficult you lose that intimacy, he says. She covers VC, foodtech and diversity in tech, and tweets from@amyrlewin. ", From podcast star to 'the world's youngest VC': 20-year-old Harry Stebbings is joining Atomico, The host of the Twenty Minute VC podcast has landed a job in venture capitalism, Fat, Sugar, Salt Youve Been Thinking About Food All Wrong, The Mountain Village in the Path of Indias Electric Dreams, 25 of the Best Amazon Prime Series Right Now. But hes confident that investing is his true calling. Which brings me to my second point, which is that Stebbings raising such a massive tranche of capital could quiet some of the worry around emerging fund managers being unable to, well, 15X their initial micro-funds. Heres how it works. So, you want to democratize venture capital. Which European banking app is winning the race for customers? Harry is 25 years old. You may change or cancel your subscription or trial at any time online. Interviews of low profile angels investing small amounts of money couldnt compete with shows with higher profile VCs investing big buckets of money. The best deals are known to be the best, he says. Psychoactive Therapies Are Coming Back With Millions In Funding Behind Them, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The Twenty Minute VCs first big break came from establishing a cross-platform partnership Mattermark, which knows a thing or two about growing a loyal audience of VCs and startup folks. Join Harry and discover how you can attain funding for your business by listening to . To be honest, he says, the podcast was a plan for me to get into venture capitalism over a long period," he says. How has a 19 year old outside of Silicon Valley gotten so connected? That blue check mark looks awfully familiar. Harry's largest investment to date is Tripledot Studios, one of the fastest growing companies in Europe. Find out more about how we use your personal data in our privacy policy and cookie policy. He formally announced he was leaving Stride in February. Unlike Stride, 20VC does not lead deals and does not take board seats. Noah Kagan Podcast, Bio, Wiki, Age, Wife, YouTube, Blog, Salary, And Net Worth, Howard Lindzon Podcast, Bio, Wiki, Age, Wife, Stocktwits, Salary, and Net Worth, Copyright 2023 | WordPress Theme by MH Themes, List of States in the US, Alphabetical list of States in the U.S., and Abbreviation of States in United States. These Under 30s Have Bet Big On NFTsWill It Pay Off? It is the essential source of information and ideas that make sense of a world in constant transformation. He once shared a photo of him and his mother where he referred to her as HERO. It has been featured consistently in Apples Top 10 Business Podcasts, Whats Hot sections, as well as New & Noteworthy. 2023 Forbes Media LLC.