Events Add an event Speakers Talks Collections
 
REMOTE by GitLab 2021
June 29, 2021, Online, USA
REMOTE by GitLab 2021
Request Q&A
REMOTE by GitLab 2021
From the conference
REMOTE by GitLab 2021
Request Q&A
Video
Venture Capital in a Remote World: How the shift to a remote world has affected Venture Capital.
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Add to favorites
102
I like 0
I dislike 0
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
  • Description
  • Transcript
  • Discussion

About the talk

REMOTE by GitLab 2021

Speaker: Phil Bronner, Ardent Venture Partners, General Partner & Co-Founder

Exploring how the remote world has affected the Venture Capital landscape and what that means for VC of the near future.

Get in touch with Sales: http://bit.ly/2IygR7z

About speaker

Phil Bronner
General Partner and Co-Founder at Ardent Venture Partners

I am actively investing in seed-stage software opportunities. My focus is on software investments that enable the transformation of work. Active deals include ExecOnline, Collective, Ordway Labs, Gather.ai, Anno.ai, Reserve Trust, soco.ai, and Datatron. Previous investments include 2U (TWOU), Infoblox (BLOX), SolidFire (Acquired by NetApp), AddThis (acquired by Oracle), Webs (Acquired by Vistaprint), Approva (Acquired by Infor), LifeShield Security (acquired by DirectTV), ClearStandards (Acquired by SAP), Social Gaming Network, Logic Library (Acquired by SOA Software), N.E.W. Customer Service Companies (acquired by Asurion), AnswerLogic, a natural language search engine (acquired by Primus Knowledge Systems) and Spectrum K12 (acquired by Power Schools).

View the profile
Share

Okay. Now, get ready. Because I'm sure this next speaker, has some stories to tell we're about to hear from Phil Brawner. Who's the general manager at Ardent Venture Partners does venture capital teradyne was completely redrawn but the shift to remote work and Industry that revolved around handshakes and meaning of operating. But not only that, strategic priority suddenly changed, Arden invests in early-stage startups, that are building the future of work. In other words. They're in the business of, predicting the future. Now, still

will explore how that business was affected by a pandemic that nobody predicted and what the future of VC is going to. Look like. Welcome, my name is Joe Brawner. I'm a good Catholic with Ardent Venture partners. And I am delighted to be at remote buy gift and I am going to talk to you about how much Capital has changed in a remote world. Agenda for today. I'll start off and give you an overview of already, then talk through venture-capital. I'll do the

same for early-stage companies and talk a little bit about what they look like pre-curved in and what they look like now. And what? I expect them to look like overtime and then in with some final The first artist Venture partners. Arden is an early-stage fun or based in Washington DC and we focus on funding companies outside of the Bay Area in a. We believe they some things like remote work and we believe the history of that Trend will be at the East companies. Tend to

have early product-market fit early revenue and are just starting to scale. We invest 226 million in those companies in between 7 and 12 million dollars in the ramp. We also fun Tri-C companies. And so these are the earliest stage companies and individuals in those companies. We invest anywhere between 250000 and a million dollars and we invest in rounds that are Running is a thesis driven fun in our team is the transformation of work that looks at how automation technology

are three factors that we focus on the first or vertical applications that leverage in automation driver applications focus on services or Healthcare or it can focus on a functional area within the Enterprise would take inventory management. For example, the key for us is really focusing on companies that leverage and automation drive. We think of automation, broadly. So loco no code. What's really important to us? Is that strength and power in emerging leaders

Enterprise in how that's changing. And so we look at, you know, obviously the way employee. But we also look at various forms from gig economy, workers to pass an economy workers and everything in between. And we spent a lot of time around the calipers because we believe the work that We look for Solutions. Says he mentioned Industries and companies are changing based on automation drivers and with that the tools and support the new way of doing. So we look at

re-skilling, we look at retraining recruiting companies to keep Pace with this. New way of doing, we were all sitting in an office in our servers were in that office. So having a fire wall around the outside with access controls for employees. What you were inside? Made said, but when folks are working remotely Are there Spirits security model is similar to yours so that you don't leave open the back door. I have over 20 years, as I mentioned, that co-founded Ardent Venture Partners.

We had about six or 50 million under management. During that time, Elsa poop out of the company that I ran for a number of years back in 2017, by now partner, still heard. It was investing. We started doing deals together, and that let us to eraser fun. I married, I live in Washington. I have three kids to witch or a picture to your and I feel very safe with my son's Nerf gun, protecting us all. Can I start off by talking about venture capital? So venture capitalist raise capital and they have a

venture. The Venture capitalists University endowments. They raise money from high, net worth individuals, go out and have family, offices and family. Offices are individuals who manage the money of that person. They invested funds as well, Pension funds invested and their other folks, as well like corporations excetera and they dinner. Meet people were saying new opportunities to invest in or engaged. So it's a small percentage of the companies that they that they actually

spend time on doing due diligence, which is the next thing you're going to company. That often is a back-and-forth process where the venture capitalist is requesting information from the company and getting to know the founder and the founding team and 13. At the end of that diligence process has a much better understanding of the weather at least in the next days, which is doing the deal with the number of what's the valuation of a company, how much is being invested, you know, will the company's board

issues that together is important. 15 years after they agreed to do the field. The venture capitalist invest in a company, the final stages post-investment, where the venture capitalist partners with the company to help support them to grow. And I'll come from Florida, practice starts with fundraising networking sourcing, you diligent Doing the deal. And then post it back then. How is this change? As a result covid over the last 14 months my day off and we'll meet with a hundred

different investors to identify their on Planes Trains and Automobiles going to move. So, what was the implication of that? Many of the first state. So, it's inefficient for spending more time, one qualified, you weren't able to meet with that individual person in a relationship with them. And so, if you are meeting the investor for the first time over covid, it was really difficult to get them to invest in the, but I think it'll be more of a hybrid approach where folks will look different

qualify as a potential investor of. But once in person, To the next page is not working. So how is networking industry, potential customers potential car your phone, but many were sort of in-person network. The drink so bad. You couldn't do that. So networking, really rude for actually. So folks attended conferences online and then leaned into virtual sort of platforms for networking, whether it was Twitter or LinkedIn. So they were a number of applications to that shift to the first is that the world is not flat. When you move to digital forms of networking.

When you were meeting before person, we're gone. Dimension, Twitter, slack Channel telegram list Clubhouse. Networking important people in that group. Hopefully was much more diverse than it would have been in the past. It was interesting as the line between a synchronous or did it just led to it. There's a thing I say, you know, is that in this virtual world of networking content is king. And, you know, when you look at networking in a virtual world, it's very different people

face-to-face until they were meeting new people is opening up the world. Some of the negatives of virtual or difficult for me to attend a virtual networking event for meeting new people in relationships that I formed in person. So what do I think? Will happen in the future? I think it's going to be a pick, your poison. I think some people will be very effective at networking. Virtually won't continue to do that. Almost exclusively myself will probably pick more of a hybrid approach where you look to

its leverage some of these virtual platforms because we found them over to meeting people face-to-face. And I think there will be others who will just stick it to Old School networking and find that to be affected for them as well. I do think it really manager Loosely coupled relationships. And the ones that you want to keep tide is going to become really important because the number of people that were all engaging with went way up over the last 12. So now the world of

networking moved virtually in your limitations going away for sourcing as well, you know, your network. So giving your network, your sourcing strategies were in person to conferences in person. Dorothy application. That the first is as we talked about the World is Flat Geographic constraints, go away. you're driven approach or sort of really changed the way they think about location in this virtual world, digital resources, like Pittsburgh crunchbase to identify New Opportunities became very

effective as well and seems like the number of companies you could come right now, but one of the other reasons To the negatives in a more difficult relationship with so that you need to develop a set of loosely coupled wonder if some of the 14th. So now you've done your diligence virtually. Any reason is because it's earlier. It's a roller coaster, very high risk, your feelings, first. It's a long-term relationship. And at the core of that relationship is Trust.

and if you haven't had the opportunity to develop that trust through the process of getting, to know, the founder, prior to investment, if that's something that will probably that was that same press relationship that they established physically prior to That's venture capital and Louise changed. And now, we're going to talk about months with covid. Capri covid. You had companies that where most of our organization mostly employees were they may have outsourced

development and they may have some remote work. Most of the workers work at HQ. Over the past 14 months, that's changed significantly. Early-stage companies that I'm engaged with the car. Lot of benefits that the worker benefits increase in productivity. Location flexibility. Many folks who were living in one area who had an interest in living to another area for more effective. Work performance engagement. Overtime company, see the potential to reduce and issue. For early-stage companies has access to Talent so

specifically when you're outside of the Bay Area there, maybe certain areas that are just very effective. Does some of the negatives. So, managing in a remote world. This was a huge issue specifically for early-stage companies. Something more challenging. Also cycle time. So I guess all comes down to being able to effectively manage in a remote for a lot of folks. I think that they were going to really look to put in a to bring employees back to the office. Most will probably follow a hybrid approach so they won't go back to the way it was.

One is where you have folks come in a couple days a week and not located in a have a certain. We were certain number of days where they fly in to be with everyone else. Everybody said of experimenting and Send a message in a remote on a company's that venture capitalist and he enjoys forward. I think there's a lot of opportunity for new companies, for new Venture firms to leverage this new way of doing work. And for early-stage companies to do that as well. I look forward to talking about this issue and answering any questions

that you have.

Cackle comments for the website

Buy this talk

Access to the talk “Venture Capital in a Remote World: How the shift to a remote world has affected Venture Capital.”
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free

Ticket

Get access to all videos “REMOTE by GitLab 2021”
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Ticket

Interested in topic “IT & Technology”?

You might be interested in videos from this event

November 9 - 17, 2020
Online
50
35
future of ux, behavioral science, design engineering, design systems, design thinking process, new product, partnership, product design, the global experience summit 2020, ux research

Similar talks

Prithwiraj (Raj) Choudhury
Lumry Family Associate Professor at Harvard Business School
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Lynne Oldham
Chief People Officer at Zoom
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Maisha Gray-Diggs
Sr. Director, Talent Acquisition at Twitter
+ 3 speakers
Sameer Pangrekar
Director of Global Strategy, Design, Construction & Audio Visual at Twitter
+ 3 speakers
Julie Steele
Head of Internal Communications at Twitter
+ 3 speakers
Darren Murph
Head of Remote at GitLab Inc.
+ 3 speakers
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free

Buy this video

Video
Access to the talk “Venture Capital in a Remote World: How the shift to a remote world has affected Venture Capital.”
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free

Conference Cast

With ConferenceCast.tv, you get access to our library of the world's best conference talks.

Conference Cast
910 conferences
36327 speakers
13944 hours of content