10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E5: Jonathan Hsu | Co-Founder of $1.6B AUM Tribe Capital on What Data Shows is Product Market Fit
David Weisburd sits down with Jonathan Hsu, Co-Founder and General Partner of Tribe Capital and one of the top data scientists in the space. Hsu is a physicist-turned tech entrepreneur-turned VC. In this episode, they discuss the importance of growth patterns and product market fit (PMF) in venture capital. Tribe conducts intensive data work on approximately 400 companies annually, a unique dataset that cannot be purchased or obtained from other sources. If you’re ready to level-up your startup or fund with AngelList, visit www.angellist.com/tlp to get started.
Key Points
- Jonathan Sue, a former physicist and data scientist, emphasizes the importance of a startup's pattern of growth and product-market fit over the founding team in the long run for venture success.
- Tribe Capital uses a data-driven approach to assess about 400 startups annually, providing detailed analytics to help founders understand their growth and unit economics, even if Tribe chooses not to invest.
- The venture capital market is not seen as particularly efficient, with success often surprising investors, and while AI is increasingly used to assist in data analysis and decision-making, it has not taken over the full scope of investing activities.
Chapters
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Transcript
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