Harry Stebbings, the well-known podcaster behind 20 minute VC, announced today that he raised a duo of funds for 20VC, the venture capital fund he launched off of his shows success. Terms & Conditions. Mr. Stebbings launched 20VC out of London with an $8.3. The podcaster made his first foray into making his own startup investments in 2018, when he joined veteran venture capitalist Fred Destin in creating Stride VC, a London-based firm focused on making seed investments. In the last year, Stebbings has been able to start doing deals himself thanks, once again, to the strength of his personal brand. All I do every day, he says, is think: how can I get more listeners today than I had yesterday? While his peers sleep off hangovers, hes up every morning for an 8am breakfast. 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? A couple of years ago Harry approached me about being on The Twenty Minute VC, says Atomico partner Mattias Ljungman. I've wanted to do thi s episode ever since I started the show over five years ago. He once shared a photo of him and his mother where he referred to her as HERO. 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. [4] [5] In 2019, Stebbings was included on the Forbes 30 Under 30 in Europe list, in the finance category. Meanwhile Stebbings still a relatively new kid on the block in VC says hes learning how to be a great fund manager via his LPs. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. Welcome to Episode #001 of the SaaStr Podcast! But hes confident that investing is his true calling. The fired Google engineer who thought its A.I. 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. 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. Think of it as a parable for the content marketing age. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. I dont love being on the board. "That does sound rather worrying. What became apparent over time was that in interviewing VCs, doing his homework and studying the field, Harry kept applying their teachings to his own business, with spectacular results. How has a 19 year old outside of Silicon Valley gotten so connected? During those long hours with my feet propped up, I checked out every podcast I could find about startups and came across Harrys The Twenty Minute VC. At the end of the day, media is venture and venture is media. The premise was simple: each week, he would interview a prominent venture capitalist for 20 minutes. Stebbings is blunter. In five years' time, in all honesty, the goal is a $50 million (40m) fund of my own," he says. (Women are, however, notably few and far between on the guestlist.). Now WIRED can exclusively reveal that Stebbings is going into investing himself a move he says will make him "the youngest VC in the world". As for Harry, Harry Stebbings is the founder of The Twenty Minute VC, the world's largest independent VC podcast with guests including Brad Feld, Andy Rachleff, Peter Fenton and many more. After my post, Harry contacted me, saying: Hi Im that overenthusiastic, fawning Brit you reviewed. Stebbings started The Twenty Minute VC podcast with $50 and not a single contact in the venture capital industry. For cost savings, you can change your plan at any time online in the Settings & Account section. Harry Stebbings loves venture capital. (In May, Stride announced it has raised a second $138 million fund.). 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. In 2000, Harry joined Fulham Pre School and graduated in 2004. He operates the following email address. Harry Stebbings is a British venture capitalist, that started "The Twenty Minute VC" podcast and in 2020 launched his own venture capital fund. Menu. The following was originally posted on Ty Dancos blog and is being republished with permission. 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). Hes excited to be there, so his guests are too. Harry filled the gap, with examples like this show with my favorite LP/blogger, Chris Douvos, of Venture Investment Associates. A tweet or blog from a venture capitalist you follow? He's a legend of the industry and a true pioneer and I . He works towards his goal with a focus bordering on the obsessive. (He's a solid A now.) Hes moved on pretty quickly though. Stebbings also noted that the successful founders who are also investors in 20VCs funds would be able to provide operational assistance and advice to the companies in the firms portfolio.An $8.3 million micro seed fund that Stebbings began managing under the 20VC name in April 2020 has made investments in several companies that experienced runaway growth during the COVID-19 pandemic, including Hopin and social media app Clubhouse, as well as RevenueCat, a startup whose technology makes it simple for companies to take in-app payments from users. This button displays the currently selected search type. Anything that strengthens collaboration between VCs and founders, especially in Europe, is a really positive thing, says Ljungman. Its even harder for diverse, underrepresented founders. personalising content and ads, providing social media features and to You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. " Security! 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. What are you trying to prove or disprove with this round? The answers will show how well you understand the business and funding environment., Leadership skills arent so important although if they dont have them, they need to be figuring out how to gain them. Techstars co-founder Brad Feld says it's "the only thing I listen to in the morning". Tech Volunteers Rush to Save Turkeys Earthquake Survivors. "I looked at it and I thought, this is where my abilities lie, and this is what I love," Stebbings recalls. Stebbings sits at the intersection of that trend, and with $140 million more, it will be interesting to see what he does next, and if returns come along for the ride. But few have raised as much capital as quickly as Stebbings, who grew up in Fulham, south-west London. 2023 Forbes Media LLC. Deals, of course which he hears about through his podcast. For Stebbings, its far from over. Hes come from a meeting I do back-to-back meetings on Thursday and hes on his way to another one. with Mattias Ljungman, Co-Founder & General Partner @ Atomico (Podcast Episode 2017) Parents Guide and Certifications from around the world. 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. analyse how our Sites are used. If I grow the business and continue to to grow the business, my brand gets better and my deal flow gets better, he says. Join Harry and discover how you can attain funding for your business by listening to . 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. I can introduce you if you like.. In May 2020, he launched his venture capital fund, 20VC fund and raised a further US$140,000,000 in funding in June 2021. "Five years later, after obsessively reading and studying the industry, I saw the opportunity for a podcast.". The 25-year-old founder of 20VC and London-based podcaster has accumulated an estimated net worth of $1,496,894. Harry, in the words of your countryman Ali G, Respek! Stebbings called his podcast The Twenty Minute VC. A fundraise is like a science experiment youre not raising money to meet a timeline, youre raising it to try to prove a set of hypotheses you have, A fundraise is like a science experiment youre not raising money to meet a timeline, youre raising it to try to prove a set of hypotheses you have, he says. Meta Verified Shows a Company Running Out of Ideas. Today, The Twenty Minute VC makes enough money from sponsorship to employ four full-time contractors, including Stebbings' father as head of business development. The interviews are rarely probing, but they can elicit interesting responses all the same. I've told Atomico very clearly, I'm not changing my mission., Ah yes, the mission. Harry Stebbings is the founder of The Twenty Minute VC, the world's largest media brand in venture capital with over 100 million downloads across 190 countries and guests from over 200 VCs including Sequoia, Founders Fund, Y Combinator, Benchmark and Index Ventures. Updated to note Daniel Ek is not an LP in this fund. But thatll be it. That man . Parents Guide Add to guide . 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. He also Because Stebbings was only 18. So, thank you so much for joining me. Why PLG and enterprise at same time is SO hard. Stebbings released his first podcast an interview with Silicon Valley VC Guy Kawasaki on January 10, 2015. When someone adds him on Snapchat, where he has 40,000 followers, he makes sure to send back a cheery personalised greeting. If you have a brand your ability to get into the best deals is massively heightened., Now Stebbings is moving onto the next phase of his career. And Harrys impact just keeps snowballing. His investors are a notable bunch too, including . Forbes 30 Under 30 in Europe list included Harry in the finance category in 2019. We support credit card, debit card and PayPal payments. A Conversation with SaaStr Founder Jason Lemkin and 20VC Host Harry Stebbings (Pod 631+Video) by Amelia Ibarra | Blog Posts , Fundraising , Podcasts , Videos After several years of booming business in SaaS, the world of fundraising nearly gave everyone whiplash when capital stopped flowing as freely in 2022 as it did in 2021. I gave Harry a B, summing up the show as "VCs fawned over by an overenthusiastic Brit". The earliest podcasts werent that great, but they just kept getting better. Hes ballooned to 100k downloads per show, getting bumps from social media mentions of people with large followings. In 2021, Harry went through his first big breakup. He said, Ive never broken up with anyone my dating life is woeful so it was really tough to do. However, Harry did not give details on who he broke up with or his next step as far as dating is concerned. 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. He quite correctly, given his stage didnt want to risk pissing off his guests, for fear of getting a bad rep and losing referral intros. This week, we sat down with Forbes Under 30 Healthcare 2023 lister Blake Mandell to discuss his companys latest funding round. Heres what leaders can do to fix that, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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. 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. Harry Stebbings: Ryan. He earns an average salary of $79,384 per year. That blue check mark looks awfully familiar. This ep tomorrow is not only a masterclass in building & scaling sales teams but is beyond fricking motivational. He launched The Twenty Minute VC podcast with $50 and not a single contact in VC. The breakthroughs and innovations that we uncover lead to new ways of thinking, new connections, and new industries. Today, The Twenty Minute VC makes enough money from sponsorship to employ four full-time contractors, including Stebbings' father as head of business development. At least in theory, everyone benefits. Tiago Paiva is Co-Founder and CEO of Talkdesk, a cloud based, SaaS, easy-to-use solution that allows companies to create a call center in . You'll also be able to choose your preferred newsletter and report subscriptions. [2], In May 2017, Stebbings left his job at venture capital firm Atomico after six months working there. When other investors invite Stebbings to join a round, the motivation is simple: hes a pretty useful PR machine. @KillCreek @TrustVanta is one of the best on: Career advice for parents. Harry Stebbings' Creator Profile This is a podcast creator profile for Harry Stebbings. So, you want to democratize venture capital. Harry Stebbings Expand search. Whether or not Stebbings is a one-off is unclear, but we do at least know that venture backers are viewing his Rolodex as a key competitive advantage and asset in the wild world of investing. Powered and implemented by Interactive Data Managed Solutions. Harry stands at a height of 5 ft 8 in ( Approx 1.73m). That's one of the biggest solo VC partner funds either side of the Atlantic. Incredible guy. Find out more about how we use your personal data in our privacy policy and cookie policy. The latest example: Harry now also hosts the SaaStr podcast, bringing in the enormous audience, influence and contacts of Jason Lemkin. He proceeded to Northcote Lodge from 2004 to 2008. 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. WIRED is where tomorrow is realised. 2023 Fortune Media IP Limited. Stebbings laughs. Jan 17, 2023 419.8K Views 98 Retweets 61 Quote Tweets 1,238 Likes 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.. Looking back, these early podcasts were classic examples of creating MVPs essentially Harry executed 2 beta projects, and then focused on improving the more successful VC podcast. Showing all 0 items Jump to: Certification; Certification. Interviews of low profile angels investing small amounts of money couldnt compete with shows with higher profile VCs investing big buckets of money. I admired that he took the time and risk to his ego to get feedback from critics. 25 Jan 2023 01:20:19 I thought not. It has been featured consistently in Apples Top 10 Business Podcasts, Whats Hot sections, as well as New & Noteworthy. Thoma Bravo buys third identity company this year with $2.3B ForgeRock acquisition Heres how it works. Stebbings also works as a. Paying it forward is always rewarded in the end. Join Harry and discover how you can attain fun. It is so great to have you on the show today. Check if your Yet Harry Stebbings is already a podcaster whose episodes have been downloaded more than 100 million times and who last year raised $140 million for his own venture capital fund. While no stranger to cold-calling prospective subjects, he knows a warm intro is always the best way to gain access. While Harry started as a student/groupie, listening to his idols, he now has become the role model: his business can easily be turned into a case study of how to incorporate Lean Startup methodology, inbound marketing, virality, and much of todays startup gospels and convert it into uncommon reach and influence. 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.. I gave Harry a B, summing up the show as VCs fawned over by an overenthusiastic Brit. [7] I was introduced to Harry Stebbings work at my lowest moment. If I were a VC, Id be recruiting him as hard as possible. . 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. Today, Stebbings is announcing that he's now raised two 20VC funds a $33m early-stage fund and another $107m growth fund which he will lead as a solo general partner. 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. Learn more This week, Andreessen Horowitz launched Future, a full-fledged media operation that will cover trends in startups and tech. This approach is based on the understanding that, in venture capital, who you know matters a great deal. But in my book he is still a wunderkind! 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. Harry also works very closely with Jason Lemkin @ SaaStr where they work to produce The Official SaaStr Podcast. [8] The fund focuses on investments in Europe and North America. Get unlimited access to all of Sifteds free coverage and analysis. Compare Standard and Premium Digital here. However, he did not give details on who he broke up with or his next step as far as dating is concerned. Right concept, communicated perfectly. Most recently, Harry joined Jason Lemkin at Saastr with an aim of building out the platform and also expanding into new verticals. Ever see much content on, say, the perspective of a VC funds limited partnersi.e., the source of all the money? His father is a stockbroker and his mother has multiple sclerosis; the podcast was initially. Currenlty, Harry serves as the contributor for TechCrunch. I love founders calling me up at midnight. Its also part of a shrewd overall strategy one that Stebbings hopes will take him to very top. This United Kingdom businessrelated biographical article is a stub. Stay informed and spot emerging risks and opportunities with independent global reporting, expert [1] The first episode was an interview with Guy Kawasaki, released on 10 January 2015. 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. 2023 Sifted EU Ltd. All Rights Reserved. ", 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. Despite an economic crisis, political chaos, and the regimes ban, TikTok influencers are still thriving in Afghanistan. Currently, the fund focuses on investments in the United States with an average investment size of US$500,000. Explains the severe consequences of 'helicopter parenting' You can't bail your kids out of all their problems 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. Stebbings said that his early-stage fund, 20VC Early, will invest checks between $250,000 to $750,000, while his growth-stage fund, 20VC Explorer, will invest in Series B onwards, with checks between $1 million to $5 million. The simple answer is the network he has built up through his podcast. To be honest, he says, the podcast was a plan for me to get into venture capitalism over a long period," he says. The 20VC portfolio already includes a few reported unicorns, including audio app Clubhouse and virtual event organizer Hopin. Which European banking app is winning the race for customers? So, lately, he's been listening to job offers. )Later, Stebbings began managing his 20VC microfund alongside his Stride role. Simply log into Settings & Account and select "Cancel" on the right-hand side. You can still enjoy your subscription until the end of your current billing period. The total is a 15X increase from Stebbings inaugural $8.3 million fund, launched less than a year ago. Harry is a podcaster and founder of 20VC. On February 11, 2019, Harry revealed on tweeter that his dad has had multiple heart attacks while his mother suffers from relapsing & remitting MS. They get risk-free exposure; he gets content. With mass layoffs and pulled job offers, early-career workers no longer see tech giants as a safe bet. Harry Stebbings Podcast Host Family: Parents: Father: Mother: Sibling(s) Brother(s): Sister(s): Education & Qualification: School: College: Education: Harry Stebbings Podcast Host Contact . But is it bad? I was undergoing chemo and radiation and had little energy. Hes also not planning on expanding his team massively. Harry Stebbings is a podcaster and founder of 20VC currently based in London, England, United Kingdom. Software-as-a-service VC Jason Lemkin calls Stebbings, now 20, "one of the most beloved connectors and promoters in venture". All Rights Reserved. Host - Harry Stebbings ( @HarryStebbings ) The Genesis of Mailchimp Ben was an entrepreneur from an early age, selling cartoon flip books he created himself, candies, and comic books on the school bus Mailchimp is the end of a series of pivots all the way back to grade school [3], Stebbings stepped down as partner at Stride.VC, a firm he co-founded with Fred Destin in 2018 with 100,000,000. Yet Stebbings is far more than a giddy teenager. Be like Harry. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Harry Stebbings is the founder of The Twenty Minute VC, the world's largest media brand in venture capital with over 100 million downloads across 190 countries and guests from over 200 VCs . Through his podcast, Stebbings builds relationships. No. Some of them were really interesting. [7] In June 2021, Stebbings raised a further US$140,000,000 in funding. I bring my thesis, and they improve it with theirs. Success breeds success. If you would like to customise your choices, click 'Manage privacy settings'. Who is this guy? When The Social Network inspired him, he was sitting in Vue Fulham Broadway, aged just 13. Ive never broken up with anyone my dating life is woeful so it was really tough to do, says 24-year-old Stebbings, who has built an impressive network amongst VCs in Europe and Silicon Valley via his popular podcast, The Twenty Minute VC. What can I do to make my show better? and we had a nice discussion. And he posts on all the major social media channels. Jobs People Learning Dismiss . Have you met Ed Cooke, founder of Memrise? I loved the concept, the structure, the brevity, but a number of characteristics bothered me. Whatever the means, Im sure that Harrys listener acquisition cost is zero. 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 to full-fledged investor.The London-based 24-year-old said his new venture capital firm, called 20VC, has raised two funds totaling $140 million from a list of top-tier investors, including the Massachusetts Institute of Technologys endowment; RIT Capital Partners, the publicly traded investment vehicle founded by one branch of the Rothschild family; and Shakil Khan, an early investor in Spotify and cofounder, along with Spotifys Daniel Ek, of the investment fund Prima Materia. Which goes back to. He is a man of average stature. Postings on Product Hunt? 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. I have yet to have a conversation with Harry where he did not ask How can I help you? Before Chris Sacca and Mike Maples earned their reputations and deal-flow, they made themselves valuable to others any way they could. The WIRED conversation illuminates how technology is changing every aspect of our livesfrom culture to business, science to design. 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. 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. What does he send emails about? If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. But success posed a dilemma for Stebbings, who was starting a law degree at King's College, London. The podcast host guests from more than 200VCs such as Benchmark, Y Combinator, Kleiner, Accel, and Index. 20VC, hosted by Harry Stebbings, takes you inside the world of Venture Capital, Startup Funding and The Pitch. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He is also the founding partner of Stride.VC, a London-based early-stage fund. On December 6, 2015, Stebbings was sitting in a lecture when he received a call from newly minted VC Arielle Zuckerberg, Mark's youngest sister. Host: Harry Stebbings (@HarryStebbings) Key Books Mentioned. For more, follow Harrys Twenty Minute VC Collection on Product Hunt. All Rights Reserved. attended Mander Portman Woodward and Kins College London where he earned a Bachelors degree in Law. The best deals are known to be the best, he says. WIRED can reveal that the London-based fund set up by Skype co-founder Niklas Zennstrm has hired Stebbings as an investor. I've heard so many good things from Delian, from Alex, from Keith, from Alfred. He formally announced he was leaving Stride in February. Offers may be subject to change without notice. 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? Harry Stebbings, a British podcast presenter, is the originator of The Twenty Minute VC podcast, in which he interviews famous venture capitalists and. (Harry, I know youre reading thisyoud become my favorite podcaster of all time if you get another interview with Tim Draper and ask What is it with this Ayn Randian bullshit about all government is bad, Silicon Valley should secede from the US so you dont have to support less advantaged parts of the country, and your refusal to admit that Theranos management made egregious errors? Just asking! commentary and analysis you can trust. Standard Digital includes access to a wealth of global news, analysis and expert opinion. The podcast broke all records on release. The pair of funds one for early stage and one for growth stage total $140 million in assets under management, plucked from LPs including MIT, early Spotify investor Shakil Khan and RIT Capital partners. Hes ballooned to 100k downloads per show, getting bumps from social media mentions of people with large followings., VCs who have been interviewed naturally publicize the show, looking to capture the attention of the many young startup founders who comprise a good part of the audience. Founders Friday 002: Balderton's James Wise interviews 20VC Founder, Harry Stebbings (Podcast Episode 2015) Parents Guide and Certifications from around the world. nye committee apush,
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