The 10X Capital Podcast
The 10X Capital Podcast is a podcast that interviews the world's leading institutional investors. Previous guests include The Ford Foundation, Northwestern University Endowment, CalPERS, Stepstone, and other top limited partners.
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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