"That does sound rather worrying. . In five years' time, in all honesty, the goal is a $50 million (40m) fund of my own," he says. [8] The fund focuses on investments in Europe and North America. 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. Stebbings is blunter. Compare Standard and Premium Digital here. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. I dont want to lead rounds and sit on boards, Stebbings said. Premium access for businesses and educational institutions. So what magic do they see in this boy wonder? WIRED is where tomorrow is realised. Harry filled the gap, with examples like this show with my favorite LP/blogger, Chris Douvos, of Venture Investment Associates. You'll also be able to choose your preferred newsletter and report subscriptions. To paraphrase the cartoonist Peter Steiner, it helps that on the internet, nobody knows youre a 19 year old. Harry Stebbings' Post Harry Stebbings Founder @ 20VC 4d Report this post . Stebbings told Fortune that while he admired Destin and considered him a mentor and friend, their investing styles ultimately diverged. With mass layoffs and pulled job offers, early-career workers no longer see tech giants as a safe bet. Almost half of employees dont believe their bosss praise is genuine. Also investing in the fund are several founders of successful startups, including Johnny Boufarhat, the CEO and founder of virtual events software platform Hopin, and Alex Will, cofounder and chief strategy officer at mental health app Calm. And, naturally, the first contact came through the podcast. Why? (Stebbings says that Stride to eventually raise the full 100 million it had initially planned for, but that achievement of the milestone was never formally announced. But hes confident that investing is his true calling. Harry Stebbings Parents He was born to his parents in London, England. Stebbings stepped down as partner at Stride.VC, a firm he co-founded with Fred Destin in 2018 with 100,000,000. He said that once a venture capitalist is on a startups board it changes the relationship the investor can have with a founder, making it harder for the founder to confide in the venture capitalist and seek honest and frank advice. The first episode was released on 10 January 2015 and was an interview with Guy Kawasaki. We support credit card, debit card and PayPal payments. Thoma Bravo buys third identity company this year with $2.3B ForgeRock acquisition He launched The Twenty Minute VC podcast with $50 and not a single contact in VC. He interviews entrepreneurs, as well as limited partners, the big funds that provide most of the money for VCs. The show drew the attention of early adopter website Product Hunt: by November that year, an interview with Mark Suster pulled in over 100,000 listeners. Explains the severe consequences of 'helicopter parenting' You can't bail your kids out of all their problems If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. So, lately, he's been listening to job offers. harry stebbings Apps Meta says it is experimenting with AI-powered chat on WhatsApp and Messenger Ivan Mehta 10:18 PM PST February 27, 2023 No company is immune from the generative AI wave,. Shes the coauthor of our weekly Startup Life newsletter, which you can subscribe to here. Why PLG and enterprise at same time is SO hard. 20VC: Harry Stebbings on The Biggest Takeaways From Interviewing The World's Best Investors, What Makes A Truly Great Interview & Some Big News. He is also the founding partner of Stride.VC, a London-based early-stage fund. Heres how it works. The 25-year-old founder of 20VC and London-based podcaster has accumulated an estimated net worth of $1,496,894. No. What can I do to make my show better? and we had a nice discussion. Whatever the means, Im sure that Harrys listener acquisition cost is zero. How and when to hire for sales? But success posed a dilemma for Stebbings, who was starting a law degree at King's College, London. All Rights Reserved. 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. If I were a VC, Id be recruiting him as hard as possible. In 2021, Harry went through his first big breakup. I can introduce you if you like.. Harry is a podcaster and founder of 20VC. His major role is to cover all things startups and VC funding. But in my book he is still a wunderkind! Central banks need to show a bit more imagination, Who to fire? " Security! Harry Stebbings Podcast Host Family: Parents: Father: Mother: Sibling(s) Brother(s): Sister(s): Education & Qualification: School: College: Education: Harry Stebbings Podcast Host Contact . 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. On February 11, 2019, Harry revealed on tweeter that his dad has had multiple heart attacks while his mother suffers from relapsing & remitting MS. Harry also works very closely with Jason Lemkin @ SaaStr where they work to produce The Official SaaStr Podcast. 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. What does he send emails about? Harry Stebbings, the podcaster-turned-VC, is stepping down as a partner of Stride.VC, the London-based venture capital firm he co-founded with Fred Destin, formerly of Accel. 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. 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. Amy Lewin is Sifteds deputy editor. He is a man of average stature. You can help Wikipedia by expanding it. Because Stebbings was only 18. WIRED can reveal that the London-based fund set up by Skype co-founder Niklas Zennstrm has hired Stebbings as an investor. In other words: You might be able to get a few of your buddies in venture to throw some checks in, but how do you get a full endowment to sign on board? 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.. Which begs the question: how has he come so far, so fast? When expanded it provides a list of search options that will switch the search inputs to match the current selection. Bluntly, Tiger has changed the game for venture. . I love the podcast, now I love being a VC but I always wanted to be a VC.. Parents Guide Add to guide . Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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Harry is the Founder of The Twenty Minute VC, the world's largest independent venture capital podcast with over 100,000 listeners, partnerships with Mattermark and ProductHunt and guests from. 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. How did you hear about the 20 minute VC? Most recently, Harry joined Jason Lemkin at Saastr with an aim of building out the platform and also expanding into new verticals. [7] Host: Harry Stebbings (@HarryStebbings) Key Books Mentioned. Thats more than $500 million-worth of funds-under-management singing the praises of a 20-year-old university drop-out. It's not a matter of can you tell it's the best, it's a matter of can you simply get into it. I was undergoing chemo and radiation and had little energy. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Our ski trip made me question my life choices, Michelle Yeoh: Finally we are being seen, Apocalypse then: lessons from history in tackling climate shocks, How Glasgows tiny, muckraking crime mag stays afloat. Yet Stebbings is far more than a giddy teenager. When The Social Network inspired him, he was sitting in Vue Fulham Broadway, aged just 13. He reckons he sees between 25 and 40 high-quality, vetted deals per week. Heres what leaders can do to fix that, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Deals, of course which he hears about through his podcast. 2023 Sifted EU Ltd. All Rights Reserved. This is just Part I of the Harry Stebbings Saga I get asked all the time by young grads How do I get into VC? I used to talk about getting operating experience, blogging to create a personal brand, networking all the usual cliche advice. The 24-year-old Londoner behind a technology investing podcast that he launched as a teenager has raised $140 million in new funds to back start-up firms. Hes also not planning on expanding his team massively. Its the focus on collaborating, rather than competing, which really sets 20VC aside from Stride, says Stebbings. They get risk-free exposure; he gets content. Based on recent conversations Ive had with emerging fund managers, its hard to get institutions, the ones with real check-writing power, on board for new funds because they only have so much capital allocated toward venture. Anything that strengthens collaboration between VCs and founders, especially in Europe, is a really positive thing, says Ljungman. In 2018, he co-founded Stride.VC with Fred Destin with 100,000,000 but later stepped down as partner. For cost savings, you can change your plan at any time online in the Settings & Account section. Success breeds success. Within hours of the disaster, software engineers were rolling out applications to help locate people in need and distribute aid. Jan 17, 2023 419.8K Views 98 Retweets 61 Quote Tweets 1,238 Likes Today, The Twenty Minute VC makes enough money from sponsorship to employ four full-time contractors, including Stebbings' father as head of business development. 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. Offers may be subject to change without notice. You may change or cancel your subscription or trial at any time online. The angel podcast just wasnt attracting as many downloads for predictable reasons. 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. Edit. The Mattermark Daily? university Be like Harry. organisation That way hes known so when he sends an investor an email, he can make sure its got that personal touch. How do they think about putting a structure in place to grow into their leadership?. And Harrys impact just keeps snowballing. Software-as-a-service VC Jason Lemkin calls Stebbings, now 20, "one of the most beloved connectors and promoters in venture". Most recently, Harry joined Jason Lemkin at Saastr with an aim of building out the platform and also expanding into new verticals. 2023 Fortune Media IP Limited. 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. [3], Stebbings stepped down as partner at Stride.VC, a firm he co-founded with Fred Destin in 2018 with 100,000,000. It's completely different world, he says, sounding, for a brief moment, wistful. Harry Stebbings, a British podcast presenter, is the originator of The Twenty Minute VC podcast, in which he interviews famous venture capitalists and. Mr. Stebbings launched 20VC out of London with an $8.3. 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. Currently, the fund focuses on investments in the United States with an average investment size of US$500,000. Stebbings podcast, which has more than 200,000 subscribers and 80 million downloads to date, has cultivated an audience by interviewing techs elite, from Twitter co-founder Biz Stone to Slack founder Stewart Butterfield and a16zs Angela Strange. They meet the coolest companies, and the founders go, Oh my god, were meeting the founder of Nubank. It helps on both sides of the table, and we can really win deals because of that.. The premise was simple: each week, he would interview a prominent venture capitalist for 20 minutes. Mark Zuckerberg has a new subscription service for Instagram and Facebook. He said Destin is primarily interested in investing in European startups, and that the veteran VC likes to lead investment rounds and take a seat on the boards of his portfolio companies. Simply put, this concept requires quality content to be put out regularly to build an audience. Harry is 25 years old. 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. Well, one interview leads to anotherand hes always quick to thank and give public credit to the introducer. 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. Through his podcast, Stebbings builds relationships. This ep tomorrow is not only a masterclass in building & scaling sales teams but is beyond fricking motivational. The podcast host guests from more than 200VCs such as Benchmark, Y Combinator, Kleiner, Accel, and Index. He was born on June 22, 1996, in London, England. Have you met Ed Cooke, founder of Memrise? So, you want to democratize venture capital. Hindu nationalists claim that the chatbot has insulted their deities, sparking an online uproar. Today, The Twenty Minute VC makes enough money from sponsorship to employ four full-time contractors, including Stebbings' father as head of business development. I've wanted to do thi s episode ever since I started the show over five years ago. Begun in 2014, it has garnered some 200,000 subscribers and has been downloaded more than 80 million times. 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. Every 20 Minute VC follows the same format: three minutes on the VCs background, 15 minutes on business, then a series of personal questions to finish. Stebbings started The Twenty Minute VC podcast with $50 and not a single contact in the venture capital industry. Stebbings also works as a consultant, helping VCs polish their personal brands on social media. Stebbings called his podcast The Twenty Minute VC. In 2021, Harry went through his first big breakup. Thats one of the biggest solo VC partner funds either side of the Atlantic. 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. I dont consider myself a media person, Im an investor first. "I looked at it and I thought, this is where my abilities lie, and this is what I love," Stebbings recalls. I was introduced to Harry Stebbings work at my lowest moment. Stebbings also works as a. For Stebbings, its far from over. 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. After recovering from the cancer treatments, I published highly subjective rankings of 75 startup podcasts. Powered and implemented by Interactive Data Managed Solutions. 25 Jan 2023 01:20:19 For a full comparison of Standard and Premium Digital, click here. The interviews are rarely probing, but they can elicit interesting responses all the same. The government has used fines, bans, and golden shares to control tech companies. Today, The Twenty Minute VC averages 300,000 downloads an episode and counts the most prominent cheque-writers in the industry among its fans. When other investors invite Stebbings to join a round, the motivation is simple: hes a pretty useful PR machine. Text Harry Stebbings, the 24-year-old host of a popular podcast about venture capital, has raised $140 million to invest in startups. These Under 30s Have Bet Big On NFTsWill It Pay Off? His father is a stockbroker and his mother has multiple sclerosis; the podcast was initially. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. The latest trend to hit the video-sharing site is a backlash against hauls and self-serving recommendations. We, TechCrunch, are part of the Yahoo family of brands. 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? I bring my thesis, and they improve it with theirs. The breakthroughs and innovations that we uncover lead to new ways of thinking, new connections, and new industries. You can follow this profile to get notifications of Harry Stebbings' new podcast credits. There are many investors who started as journalistsMichael Moritz, Esther Dyson, Stuart Alsop, Jason Calacanis, Semil Shah, MG Siegler the list goes on. This week, Andreessen Horowitz launched Future, a full-fledged media operation that will cover trends in startups and tech. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Harry analyzed the data, and ditched what wasnt working. Join Harry and discover how you can attain fun. Its a small part, but its super collaborative, and I bring something very different., He says he can also bring something to the due diligence process. He earns an average salary of $79,384 per year. 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. Not Anymore. 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. 20VC, hosted by Harry Stebbings, takes you inside the world of Venture Capital, Startup Funding and The Pitch. I realised that the way to win in this industry was to get all the different nodes of the network startups, VCs and LPs and if you have the best network between all three, then relatively speaking you should be the best at it, Stebbings explains. Stebbings laughs. In May 2020, he launched his venture capital fund, 20VC fund and raised a further US$140,000,000 in funding in June 2021. offers FT membership to read for free. 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.