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Aug. 14, 2023

E5: Jonathan Hsu | Why Companies Fail Without PMF, Examining Tribe Capital’s Proprietary Data Source, and What Experienced VCs All Regret

E5: Jonathan Hsu | Why Companies Fail Without PMF, Examining Tribe Capital’s Proprietary Data Source, and What Experienced VCs All Regret

David Weisburd sits down with Jonathan Hsu, Co-Founder and General Partner of Tribe Capital and one of the top data scientists in the space.

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David Weisburd sits down with Jonathan Hsu, Co-Founder and General Partner of Tribe Capital and one of the top data scientists in the space. Hsu is a physicist-turned tech entrepreneur-turned VC. In this episode, they discuss the importance of growth patterns and product market fit (PMF) in venture capital. Tribe conducts intensive data work on approximately 400 companies annually, a unique dataset that cannot be purchased or obtained from other sources. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.


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Run the Numbers is a weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at Partstech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO. Subscribe to listen on the platform of your choice: https://link.chtbl.com/runthenumbers

The Limited Partner podcast is part of the Turpentine podcast network. Learn more: www.turpentine.co


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Turpentine VC: Delve deep into the art and science of building successful venture firms through conversations with the world’s best investors and operators. Subscribe wherever you get your podcasts: https://link.chtbl.com/TurpentineVC


TIMESTAMPS

(00:00) Episode preview

(01:15) Jonathan’s evolution from a physicist to a founder to FAANG operator to VC

(03:00) The big data revolution in Silicon Valley

(04:35) Jonathan’s learnings from early Facebook and what differentiated the company for its success

(06:17) Pattern recognition around Product Market Fit

(10:17) Using data in Venture investing

(12:17) What experienced VCs all regret

(15:04) Sponsor: AngelList

(17:09) Hardcore benchmark analytics for startups

(23:27) Venture capital efficiency

(25:57) AI and investing

(27:27) Jonathan’s prediction for future of VC


X:

@jonathanhsu

@dweisburd

@eriktorenberg


LINKS:

Tribe Capital https://tribecap.co/

Essay: A Quantitative Approach to Product Market Fit (2019) https://tribecap.co/a-quantitative-approach-to-product-market-fit/


SPONSOR: AngelList

The Limited Partner Podcast is proudly sponsored by AngelList.

-If you’re in private markets, you’ll love AngelList’s new suite of software products.


-For private companies, thousands of startups from $4M to $4B in valuation have switched to AngelList for cap table management. It’s a modern, intelligent, equity management platform that offers equity issuance, employee stock plan management, 409A valuations, and more.


If you’re a founder or investor, you’ll know AngelList builds software that powers the startup economy. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.


Questions or Topics you want us to discuss? Email us at LPShow@turpentine.co