[PreMoney SF 2016] Dave Morin, Dave McClure: "Fireside Chat"

TL;DR

Dave Morin discusses his journey from entrepreneur to venture capital investor, highlighting the importance of long-term focus and platform building.

Transcript

I'd like to welcome Dave Morin up to this stage and he's been around the valley for quite a while a veteran of Apple of facebook he's been an entrepreneur and now a venture capital investor please give it up for Dave Morin am I am I on all right thanks Dave it's great to be here so uh so of the roles that you've played entrepreneur angel investor b... Read More

Key Insights

• 🍉 Long-term focus and dedication are crucial for success in investing and building ventures.
• 🤩 Platform building, distribution, and monetization are key elements for sustainable growth and success in the tech ecosystem.
• 💠 Lessons learned from experiences at iconic companies like Apple and Facebook shape investing strategies and approaches.
• 👤 Investing in platforms that drive user engagement, creativity, and ecosystem development can yield significant returns.
• 🍉 The evolution from entrepreneur to investor requires a shift in mindset towards pattern recognition, learning, and long-term vision.
• ✋ High-quality networks and services built on top of established platforms like Airbnb can present lucrative investment opportunities.
• 😮 With the rise of live video and visual platforms, strategic investments in Facebook, Snapchat, and Instagram can offer promising returns.

Questions & Answers

Q: What aspects of being an investor do you find most enjoyable compared to your previous roles as an entrepreneur and angel investor?

Morin finds the role of investing enjoyable due to the opportunity to learn, make things, and think in different ways while helping others do the same.

Q: How has your perspective on investing evolved from your early days of angel investing to managing a venture capital firm like Slow Ventures?

Morin discusses the progression of his investing journey, focusing on the shift from making small checks to managing larger amounts of capital and honing his skills over the long term.

Q: How do experiences at companies like Apple and Facebook influence your approach to investing and building new ventures?

Morin reflects on the lessons learned from Apple and Facebook, particularly emphasizing the dedication to long-term thinking, customer focus, and platform building in the investing world.

Q: In your opinion, what makes a successful platform, and how important is alignment with developers and monetization strategies?

Morin shares insights on successful platforms, highlighting the importance of providing distribution, monetization methods, and aligning incentives with the parent platform to drive sustainable growth.

Summary & Key Takeaways

• Dave Morin shares his journey from entrepreneur to venture capital investor, expressing his love for creating products and pushing the world forward in Silicon Valley.

• He discusses the evolution in his investing journey, emphasizing the importance of long-term focus and staying committed to the craft.

• Reflecting on his experiences at Apple and Facebook, Morin delves into the lessons learned about investing, platform building, and long-term thinking.