The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Index's Martin Mignot on Sourcing Rocketship Companies, Evaluating Founders and His Attitude Towards Risk At The Early Stage
Mon, 01 Feb 2016
Martin Mignot is an early stage investor at Index Ventures where he specialises in SaaS, marketplaces and mobile. He is actively looking after Index's investments in Algolia, Blablacar, Capitaine Train, Deliveroo, Drivy, Rad, Swiftkey and TheFamily. He worked on 50+ transactions to date, including Assistly, Auxmoney, BaseCRM, Cloud.com, Codecademy, DimDim, Factual, Farfetch, Flipboard, Funding Circle, Gluster, HouseTrip, Just-Eat, Lookout, Nastygal, Notonthehighstreet, Onefinestay, PeoplePerHour, TrustPilot, Soluto and SoundCloud. Prior to joining Index, Martin was in the TMT team at UBS Investment Bank and co-founded the beauty subscription business Boudoir Prive (acquired by Joliebox/Birchbox) and a student web radio service (www.rsp.fm). A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! Click To Play In Today's Episode You Will Learn: 1.) Where did it all start for Martin? What is the Martin Mignot story? 2.) How does Martin view venture as a career vs coming into it later on? Why does Martin think venture is now a viable career from the offset? 3.) Does Martin agree with Sheryl Sandberg’s statement, it doesn’t matter where you sit, as long as you have a seat on the rocketship? How important is valuation for Martin when making the decision? 4.) How Martin goes about sourcing the latest and greatest startups from the European ecosystem? 5.) How does Martin evaluate founders and consider their ability to execute on their plan, prior to making the investment? 6.) Talking of difficulty for startups attaining funding, what are your thoughts on VC founder alignment? You have said to focus before on the business and not the team, unless exceptional cases prevail, this is very strange for me to hear. Why is it you have adopted this stance and why do you feel it is best? Items Mentioned In Today's Episode: Martin's Fave Book: I Have America Surrounded by Tim Leary Martin's Fave Blog or Newsletter: Ben Evans Newsletter As always you can follow The Twenty Minute VC, Harry and Martin 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 Instagram here!
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