The decision process of a venture capitalist

INSEAD Professor Henning Piezunka interviews Kleiner Perkins partner Randy Komisar on how venture capitalists make decisions.

[PhilippeDeAndria]

" if the idea does not provide skepticism between partners, it means the business model is not disruptive enough to challenge the status quo. " Very insightful, provoking thought.

[btw-]

7:28 This was very insightful when he talks about his criteria he uses to decide whether or not to invest in a venture. He nailed the fact that companies that solve problems and create value are the ones that end up being very successful. Also like how earlier he mentioned that the best ventures tend to challenge the status quo and create skepticism. The disruptive ideas that change industries are usually met with skepticism (Uber, Airbnb, Beyond Meat)

[baanhtruong]

" I am the student of business model, in fact, that is what I bring to the table. What I look for is the value proposition." Great quote

[Random.Thoughts]

Professor Henning asked brilliant questions. Its interviewer's job to get the most important information out of the interviewee.

[mentorman]

Great interview
Randy is really a good investor and the decision process is proper

[BizInTheFrontPartyInTheBack]

This was fascinating. I will likely copy at least some of Mr. Komisar's principles and criteria for investments when I begin making investments in companies.

[YJZ]

should look for people who share my value and who i believe i can make a positive and constructive contribution to their own development as leaders and as entrepreneurs
so you need to find that chemistry with the founding team
1 big problems
2 people who i share values with and who i believe in
3a proposition where i can create significant value and hopefully develop a business model around that

[orca]

Lovely, what he gets in his email he passes to someone else- great business model, I am filled with confidence in his commitment, got to love the Steve Jobs look though, lovely

[livingroom]

one fo the last interviews of steve jobs in 2011.

[ru-shed]

6yrs later. Does this strategy of getting VC work?

[brians.]

Shared values are important to me because I believe they provide a foundation to build trust.

[AbdJiA]

Steve Jobs pair of round-frame glasses, jean, black shirt & sneakers hahahhahhahaahh

[sewandomkuchu]

VC are sort structure, company which are not in less development countries..

[franklynunitone]

Thanks a lot. Very interesting interview.

[danielsaraolu]

You're right Teebest and he gestures and almost mimic the sounds and tonalities of the other Steve, Steve Wozniak hahaha. Interesting.

[JoseGGonzalez]

#excellence #vc #funding #startups Thank you

[tunisiam]

if someone recommend, I take the meeting directly.... so fuc*ken innovative 💩

[jennibock]

Yeh but you’re not going to lose money because you value or resonate with a project

[indigo]

Process venture capitalists actually use when not giving keynotes: 1) call my friends, 2) see what my friend's kids are doing, 3) look at what other VCs are doing, 4) throw money at what other VCs have already funded, even though the business is probably crap, 5) only talk to people who went to a vanishingly small number of select schools and ignore everyone else because if their parents didn't have the decency to send them to the most expensive school, I probably don't want to know them, 6) call my friends, 7) repeat.

[ajspirational]

Not allowing personal investment when you feel this might be a great opportunity has nothing to do with the company..