- Startups - Rob Hayes of First Round Capital - TWiST #249

1:00-2:15 Welcome everyone, with me today is Rob Hayes of First Round Capital.

2:15-4:00 Thank you to eMinutes for sponsoring the show. If you're a first-time entrepreneur, contact eMinutes for free incorporation services!

5:00-5:30 Your speciality is getting into deals early, yes?

5:30-7:30 What is the average fund size?

7:30-8:30 Were Josh and Howard visionaries when they decided on this fund size?

8:30-11:30 What's different about what you guys do than the Sequoia Capitals of the world?

11:30-13:30 When startups raise a huge fund without anyone in charge, what problems does that cause?

13:30-15:30 Tyler: Breast augmentation is a leading indicator of a bubble.

15:30-19:15 Was Instagram a "bubble-like" purchase, in your mind?

19:15-22:45 What's your advice to young entrepreneurs, go for growth or go for revenue?

22:45-25:45 Thank you to Trada for supporting TWiST! Everyone thank @Trada!

25:45-29:15 What are the things you look for that make you want to invest in companies?

29:15-30:45 When you're not going to invest in something, how do you tell the person know?

30:45-34:15 Rob explains his process working with Mint.com's Aaron Patzer.

34:15-36:00 What was your biggest hit? Uber? How did you get them?

36:00-37:00 What are some of First Round's other big hits?

37:00-38:15 Is Jack Dorsey a genius?

38:15-43:30 If you were on the board of Apple, would you give a stock dividend or purchase companies?

43:30-46:30 It's time to play "Guess the Fake Startup" with Kirin Kalia of LAUNCH.

46:30-53:15 Jason, Tyler and Rob review the startups for consideration.