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In this episode of Turpentine VC, Alexis Ohanian, co-founder of Reddit and Seven Seven Six, joins Erik Torenberg to discuss how Seven Seven Six is a “tech company that deploys venture capital”, the lack of internal metrics in venture, how he plans to reinvent venture using software, why the firm has never lost a term sheet, future functionalities that will enhance the Seven Seven Six product, and much more.
In this episode of Turpentine VC, Alexis Ohanian, co-founder of Reddit and Seven Seven Six, joins Erik Torenberg to discuss how Seven Seven Six is a “tech company that deploys venture capital”, the lack of internal metrics in venture, and how he plans to reinvent venture using software. If you’re looking for an ERP platform, check out our sponsor, NetSuite:http://netsuite.com/turpentine
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RELATED SHOWS: The Limited Partner
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
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X / TWITTER:
@alexisohanian (Alexis)
@eriktorenberg (Erik)
@Turpentinemedia
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TIMESTAMPS:
(00:00) Intro
(01:11) Alexis's Experience at Initialized
(01:21) Formation and Vision of 776
(04:53) The Role of Metrics in Venture
(06:15) 776's Approach to Venture Capital
(06:43) The Importance of Software in VC
(07:10) 776's Unique Approach to Software
(07:52) The Impact of Transparency in Venture
(13:07) The Role of Software in Sourcing and Evaluating
(13:36) The Development of Cerebro
(14:21) The Importance of Feedback and Accountability
(23:20) The Amplify Tool and Its Impact
(25:34) The Future of 776
(27:00) The Power of Software in Venture Capital
(27:42) The Challenges of Pioneering in the VC Space
(28:18) The Future of VC: Roadmap and Opportunities
(28:58) Building a Community: The Power of Intentionality
(30:18) Reimagining the Office Space: The Agora IRL Concept
(32:40) Sponsor Break: NetSuite and Shopify
(35:22) The Importance of Operational Rigor in VC
(39:11) The Future of 776: Fund Size and Strategy
(49:19) The Role of Software in Sourcing and Evaluating
(52:06) Closing Thoughts: The Future of VC and 776
