Fred Destin (Stride VC) - What the hell is traction?
Fred Destin is the founder of £100m seed-stage tech VC fund Stride.VC. Before Stride, he was partner at Accel and Atlas Venture. He has been the lead investor and served on the board of some of the world's most exciting startups, including Deliveroo, Cazoo, Zoopla, Unibuddy, PillPack, Secret Escapes, Dailymotion, and more. Fred is a true visionary and shared with us his thoughts on early traction and investing in student founders.Want to join a private group chat with 10 other young startup enthusiasts? Meet Waves.
Fred Destin is the founder of Stride.VC, a London-based seed-stage tech fund that is made up of a team of dedicated venture investors backing small teams of passionate entrepreneurs. He was also the lead investor and board member for companies such as Cazoo, Zoopla, Deliveroo, Pillpack, Integral Ads, Secret Escapes and others. His portfolio has a total enterprise value of more than $20BN.In this episode, Amrit and Fred explore using risk to help your children develop, ritual forming as a way to connect and the difference between focusing on the outcomes rather than the journey.Keep up to date with everything Startup Dads related on Twitter - https://twitter.com/startupdadspod/This week’s Startup Shout Outs:Landscape Ventures - www.landscape.venturesA Fascinate Production.
VC and Company-Building in a COVID World with Fred Destin
Village Global's Venture Stories
Fred Destin (@fdestin), founder of Stride.VC, joins Erik on this episode.They discuss:- What the ideal fund size is in Fred's opinion.- His thoughts on diversification in venture.- What his prediction for a possible bounce-back is and why he thinks this is more like '01-'03 than '08-'09.- Why founders need to reset their mindset in the COVID-19 era.- Whether there are too many entrepreneurs and if not, how to add more.- His message for entrepreneurs in this time.Applications for the summer vintage of our Network Catalyst accelerator are now open! The final deadline is June 5th. Learn more and apply today at www.villageglobal.vc/network-catalyst.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.
Fred Destin Founder Stride.VC on Covid-19 crisis for startups
FinTech Silicon Valley
Fred Destin Founder Stride.VC, a seed-stage fund focused operating in London and Paris, which he started with Harry Stebbings (a.k.a. the Twenty Minute VC) and Pia d'Iribarne. Prior to Stride, Fred was a General Partner at Accel and Accomplice (f.k.a. Atlas Venture). Of 17 investments he led, 10 have exited and 4 are active value drivers, including 5 companies in excess of $1BN in value (including Zoopla, Deliveroo and Pillpack). His portfolio has a total enterprise value of more than $10BN and he generated in excess of $700M in exit value to investors.
Fred Destin (Stride) on VC's role in crisis; Richard Muirhead (Fabric) on governmental support for startups
Here are the notes and links for this week’s interviews.🎙 Fred Destin, founder at Stride.VC Shmuel Chafets: “Back to basics: Why VC needs to change” Thread on the role of a VC 🎙 Richard Muirhead, founding managing partner at Fabric Ventures Give Startups the Runway to Save Us Tech.eu Podcast #164: Should the governments bail out startups? We hope you enjoy the podcast! Please feel free to email us with any questions, suggestions, and opinions to firstname.lastname@example.org or tweet at @tech_eu and @adegeler.
20VC: Are VCs Still “Open For Business”, How VCs Attitude To Risk Has Changed & The 2 Most Valuable Assets To Founders Today with Fred Destin, Founding Partner @ Stride VC
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Fred Destin is a Founding Partner @ Stride.VC, one of Europe's newest and largest early-stage seed firms. Prior to co-founding Stride, Fred was a General Partner @ Accel where he was the lead investor and board member at Deliveroo, Pillpack (acq. AMZN for $1BN) and Carwow. Prior to Accel, he was a partner at Atlas Venture (now Accomplice) where he invested in and served on the board of Pillpack, Zoopla (IPO), Secret Escapes, Integral Ad Science (partial exit to Vista at $850M) and TheCurrencyCloud to name a few. Fun fact, his portfolio has a total enterprise value of more than $10BN and he generated in excess of $700M in exit value to investors. In Today’s Episode You Will Learn: 1.) How did Fred make his way into the world of venture and come to co-found one of Europe's newest and largest seed funds in Stride.VC? 2.) If you look to Twitter, all VCs are "open for business", does Fred really believe the market is still open for business? How will deal volume be affected? How bad does Fred think this could get? How does this downturn compare to that of the dot-com and 2008? 3.) Why did Stride decide to take the decision to pause on investing at this moment in time? How does Fred respond to the suggestion of better pricing and less competition at this time? How does Fred believe venture investors view of risk evolves at this time? What is the first to change? 4.) With many new funds deploying their first fund in 18 months, does Fred think we will see a gravyard of new fund managers out of cash and with cash hungry portfolios? What advice does Fred give to newer managers of other elements they have to be minfdul/aware of? 5.) How does Fred think about the right way for managers to communicate with their LPs at this time? What has Stride done that has worked? Does Fred believe we will see many LPs defaulting on their initial commitments? How does Fred think emerging managers can navigate this? Items Mentioned In Today’s Show: Fred’s Fave Movie: Mulholland Drive Fred’s Most Recent Investment: Collective Benefits As always you can follow Harry, Fred and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
#21: Surviving your first 24 months as a startup by Fred Destin, Partner at Stride.VC
ABOUT THE EPISODE: Toxicity is everywhere, and your capacity to avoid it during the first two years of a startup matters a lot. When you don't focus early on on the things that actually provide value to your company like talking to your customers and building your product, you lose time. This loss and the lack of intensity associated with it can kill your dynamics and jeopardise your chances of success. Focus on the right stuff & choose wisely your investors. ABOUT THE SPEAKER: Fred is a rockstar in the VC industry and a Partner at Stride.VC. He has been a board member for companies including Dailymotion, Deliveroo and PriceMinister. He’s led many rounds and observed startups from early stages to global expansion. He gives us his unique take on how to survive the critical first 24 months as a startup. *** Learn more about The Family and apply to join us here: thefamily.co Check out the video of the talk here: Surviving your first 24 months as a startup 🗝️ Fred Destin, Partner at Stride.VC Check out other videos on our Youtube channel: Startupfood Check out our events here: The Family Events We also write amazing articles: Medium
20VC: Stride's Fred Destin on The Acceptable vs Non-Acceptable Risks When Investing, How Startup Founders Can Improve The Quality of Their Decision-Making and Must Play for Batting Average & Why Plans Do Not Matter and No Board Member Should Bash An Entre
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Fred Destin is a Founding Partner @ Stride.VC, one of Europe's newest seed funds with a portfolio including the likes of Cazoo and Forward Health. Over his 17 year career in venture, Fred has established himself as one of Europe's leading VCs with the exit value of 3 of his portfolio companies alone last year totalling more than $4.5Bn with PillPack's $1Bn sale to Amazon, Zoopla to Silverlake for $3Bn and Integral Ad Science to Vista for $850m. Fred has also led investments as a General Partner @ Accel in Deliveroo, the world leader of food on demand and Carwow, the number 1 for new car sales in the UK. In Today’s Episode You Will Learn: 1.) How Fred made his way into the world of venture and early stage? What was behind his decision to leave Accel to found Stride with Harry? 2.) Why does Fred think many today misunderstand "risk" in venture? How does that apply across the portfolio? Does Fred agree with Brian Singerman, "venture is a game of upside maximisation"? What risks does Fred define as acceptable vs non-acceptable risks? How does Fred really look to strength test the quality and depth of a founder pre-investment? What are the benefits of going through conflict early? 3.) How does Fred think about price sensitivity? What are the core questions a VC can ask when considering the pricing of an opportunity? How does Fred think about reserve allocation? How does Fred analogize this to the best traders? To what extent does TAM play a dominant role in Fred's evaluation? What does Fred mean when he says "we have to remember, we are the ones that get picked also"? 4.) How does Fred think about and assess innovation within venture? How does Fred perceive the role of data to impact venture over the coming years? Why does Fred believe it is exaggerated that data will disrupt the early stage in the coming years? Where would Fred like to see further innovation in the mechanics of venture? 5.) What does Fred believes separates the good from the great when it comes to board members? How can board members create an environment where the entrepreneur feels they can say all that is wrong? Where do many board members go wrong? Why are board members so wrong to bash a founder for missing their numbers? Why does Fred believe that plans are fiction? WHy is the framework of the plan what really matters? Items Mentioned In Today’s Show: Fred’s Fave Book: Man's Search for Meaning As always you can follow Harry, The Twenty Minute VC and Fred on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC. Are you thinking about life insurance in the new year? Ladder. Is the smart and easy way to get term life insurance online. With Ladder there are no commissioned agents and no policy fees — you can be done in minutes. Even better, coverage can start today, if you qualify, and you can cancel anytime. Ladder is licensed and backed by trusted partners, with billions in coverage. Visit ladderlife.com to apply and get an instant decision on fully underwritten term life insurance, and check life insurance off your list TODAY. Ready for tax season? Wishing you’d kept a closer eye on your books this year? Set yourself up for success in 2019 with Pilot. Pilot is a bookkeeping company focused on the needs of startups. Their team of SF-based bookkeepers are assisted by engineers to automate the most error-prone parts of bookkeeping, so you know you’re getting an accurate report every month. Plus, Pilot does accrual basis bookkeeping in Quickbooks Online, so you’re never locked into a proprietary platform. Learn more and sign up here. Don’t wait – the first 100 members of the Twenty Minute VC community get 20% off Pilot Core for six months.
20VC: Fred Destin @ Accel on Why Startups Fail & Founders Get Fired?
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Fred Destin is General Partner at Accel in London where he focuses on consumer and software investments. He is the lead investor and board member at Deliveroo, Pillpack (featured in ep: 89 with Eric Paley) and KNC. Prior to Accel, he was a partner at Atlas Venture where he worked with with companies like Zoopla (public), Secret Escapes, Integral Ad Science, Dailymotion (acquired by Orange), PriceMinister (acquired by Rakuten) and others.A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here! Click To Play In Today's Episode You Will Learn:1.) How Fred made his way into the world of startups and investing? 2.) What is it like investing in rocketships like Deliveroo and PillPack? 3.) What are the reasons most startups fail at the seed stage? What are the most common reasons that founders get fired? 4.) Why does Fred believe raising a Series B so tough? Is it the embodiment of the funding barbell? 5.) What are Fred's thoughts on VC founder alignment? Why does Fred deliberately cause tension between a founder prior to making an investment? In what form does this take? 6.) When I asked Fred for topics he was interested in, he gave me a list and one of them, I have never had suggested before and it is ‘Why are VC’s so schizo’? What does Fred mean?Items Mentioned In Today's Episode:Fred's Fave Book: Mikhail Bulgakov: The Master & MargaritaFred's Fave Blog or Newsletter: The Atlantic, Tech.euFred's Most Recent Investment: Deliveroo As always you can follow The Twenty Minute VC, Harry and Fred on Twitter here!If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!
In this episode of the Seedcamp Podcast, Dave Haynes is joined by Fred Destin, Partner at Accel to talk through the career path that led to him working at one of the world’s leading VC funds. Fred talks about the key differences he sees between the US and European venture ecosystems and his five years spent serving on the board of Seedcamp.Fred Destin joined Accel in 2014 and focuses on consumer and software investments. He is the lead investor and board member at Deliveroo, Pillpack and KNC. Prior to Accel, he was a partner at Atlas Ventures where he worked with with companies like Zoopla (public), Secret Escapes, Dailymotion (acquired by Orange), PriceMinister (acquired by Rakuten) and others. Fred grew up in Belgium and graduated from the Solvay Business School (University of Brussels).