The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Felicis' Wesley Chan on The Rise of IoT, Getting Recruited by Larry Page & Creating Google's Biggest Success Disaster
Wed, 29 Jun 2016
Wesley Chan is a Manging Director @ Felicis Ventures where he has led investments in the likes of Canva, Flexport and Luma, just to name a few. Prior to Felicis, Wesley was a General Partner @ Google Ventures. Before Google Ventures he was an early employee at Google, where he founded and launched Google Analytics and Google Voice, resulting in his being awarded Google’s Founders Award–the company’s most prestigious recognition–for leading the development of Google’s early client efforts, which led to the development of Google Chrome. Fun fact about Wesley he is a massive hacker and IOT enthusiast with over 100 connected devices in his home. In Today's Episode You Will Learn: 1.) How Wesley made the transition from Foundering Google Voice and analytics to being a VC? 2.) What were Wesley's biggest takeaways from leading investment at Google Ventures? When looking at his investment in Nest, what makes Nest such a truly phenomenal connected device? 3.) Wesley previously said, ‘I look for patterns similar to Google Analytics in how if you build something great.' What are those patterns and what does that thought process lead to in terms of thought outcome? What is a good example of this? 4.) Where does Wesley think we are on the programmable interface element of consumer hardware? What would he like to see change or improve in the space? 5.) How has Wesley seen the investor sentiment to hardware change over the last decade? What have been the rivers in the rising positivity of investing in hardware? Items Mentioned In Today's Show: Wesley's Fave Book: The Big Short Wesley's Most Recent Investment: Luma As always you can follow The Twenty Minute VC, Harry and Wesley on Twitter here! If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Snapchat here! If you are looking to make your move into the world of VC or improve your investing skills, Venture Capital Unlocked: Secrets of Silicon Valley Investing is a must! It is a 2 week crash course at Stanford run by Stanford Professional Development Centre and 500 Startups. You will learn the mechanics of all things Silicon Valley investing, check it out here. The Twenty Minute VC is brought to you by Leesa. Leesa is like the TOMS Shoes or Warby Parker of the mattress industry. Here are 3 reasons why they are the best place to get your new mattress: Leesa has done away with the awkward mattress showroom experience by allowing a fully online experience, shipping to your doorstep for free. Their 10 inch mattresses come in all sizes and is crafted with 3 unique layers o foam including2 inches of memory foam and 2 inches of really cool latex like foam design to keep you cool. All Leesa mattresses are made 100% in the US or UK and they give you a 100 night trial, to make sure the mattress is perfect for you. Go to leesa.com/VC and enter promo code VC75 to get $75 off!
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