Sign up to get updates from us
On episode eleven of Turpentine VC, Ann Miura-Ko—co-founding partner at Floodgate— sits down with Erik Torenberg to dive deep into the core fundamentals of VC partners talk about behind close doors, including how to identify inflection points to give you an edge when starting a fund, muscles Floodgate has built in the -1 to 0 space, the true opportunities in AI, and more.
On episode eleven of Turpentine VC, Ann Miura-Ko—co-founding partner at Floodgate—sits down with Erik Torenberg to dive deep into the core fundamentals of VC partners talk about behind close doors, including how to identify inflection points to give you an edge when starting a fund, muscles Floodgate has built in the -1 to 0 space, the true opportunities in AI, and more. If you’re looking to improve your sourcing, tracking, and due diligence, check out: https://synaptic.com/turpentine
---
SPONSORS:
Synaptic unifies over one hundred real-time company performance metrics across alternative datasets like user traffic, employee data, app downloads, product reviews, and more. It’s your all-in-one source for alternative data that helps you make better investment decisions. To learn how Synaptic can improve your sourcing, tracking, and due diligence, visit https://synaptic.com/turpentine
---
RECOMMENDED PODCAST:
The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord.
https://link.chtbl.com/hrheretics
---
Join our free newsletter to get Erik's top 3 insights from each episode every week: https://turpentinevc.substack.com/
---
RELATED SHOWS:
If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner
---
X / TWITTER:
@annimaniac (Ann)
@eriktorenberg (Erik)
@floodgatefund
@TurpentineVC
---
TIMESTAMPS:
(00:00) Episode preview
(01:29) How Ann thinks about macro
(04:33) Is 2023 better for incumbents or start-ups?
(07:12) When is the right time to start a fund?
(10:23) How Ann identifies inflections that guide her approach to innovative VC
(12:40) Sponsor: Synaptic
(15:43) Why Floodgate's fund size is their strategy
(19:36) Ann's litmus test for product market fit
(22:32) What would prompt Floodgate to change their strategy?
(25:51) On how Ann evaluates people
(28:02) Muscles Floodgate has built on the -1 to 0 space
(31:52) Ann's thoughts on Sam's Factory Model Venture theory
(39:22) AI as an inflection point
(44:11) Ann's thoughts on exciting opportunities in AI
