TSP028 | Eric Scott – Hard Valuable Fun
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Episode Summary
Eric Scott is the technical assistant for Max Levchin and works at HVF Labs. Eric helps manage external investments at HVF, which stands for Hard, Valuable, and Fun. Eric talks on how the company got it’s name, what Eric and his team look for in a pitch, and talks on why the startup Zen Payroll turned him from a skeptical investor to a major supporter when he heard their pitch.
Key Takeaways
- 02:00 – Eric talks about HFV.
- 04:00 – How did Eric get a job as a technical assistant with Max Levchin?
- 09:30 – How much money does HVF invest in? Around $250k.
- 13:40 – What does Eric look for in a pitch?
- 16:35 – What’s a good pitch that has good ‘defensibility’ against competitors?
- 21:20 – Eric talks a little bit about SmartThings and Cover.
- 24:40 – Eric talks on how he went from skeptical to completely sold when Zen Payroll pitched him.
- 30:10 – What is BlockStream about?
- 36:10 – Eric recommends the book Barbarians at the Gate by Bryan Burrough and John Helyar.
- 38:30 – Don’t confuse your investors. Make your pitch clear.
Tweetables
[Tweet “A founder’s authentic passion about the problem is infectious to investors.”]
[Tweet “Do your homework on what investors’ passion points are before you pitch.”]
[Tweet “How to make investors go from skeptical to enthusiastic.”]
Links Mentioned
Raportive
Venmo
Glowing
Hard Valuable Fun
Barbarians at the Gate by Bryan Burrough and John Helyar.
Eric Scott Twitter
HVF Twitter
HVF – Breaking the Barrier: the race for the first 1 person $1B company
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