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Spearhead

70 episodes - English - Latest episode: almost 4 years ago - ★★★★★ - 105 ratings

Naval on angel investing. David Sacks on scaling. On Twitter at @spearhead.

Investing Business Entrepreneurship investing angel founder startup
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Episodes

Rapidly Growing Valuations Shouldn’t Scare You Off

June 29, 2020 16:43 - 53 seconds - 874 KB

Transcript: http://spearhead.co/rapid

Reading Social Proof Is an Art Form

June 26, 2020 17:53 - 2 minutes - 1.88 MB

Transcript: http://spearhead.co/art  

Social Proof Is a Valid Signal

June 22, 2020 13:38 - 1 minute - 1.42 MB

Transcript: http://spearhead.co/social-proof  

Ask About the Metrics They’re Not Showing You

June 17, 2020 17:13 - 1 minute - 1.06 MB

Transcript: http://spearhead.co/metrics  

It’s Easy to Exaggerate Early Traction

June 16, 2020 13:56 - 1 minute - 1.58 MB

Transcript: http://spearhead.co/exaggerate

Everything Is a Proxy for Traction

June 12, 2020 16:06 - 2 minutes - 1.98 MB

Transcript: http://spearhead.co/traction  

Early Winners Don’t Always Make It to the Finish Line

June 10, 2020 13:52 - 1 minute - 1.17 MB

Transcript: http://spearhead.co/finish  

Invest in the First Credible Mover

June 08, 2020 11:45 - 1 minute - 1.22 MB

Transcript: http://spearhead.co/credible  

Monopolies Fall When Platforms Shift

June 05, 2020 15:47 - 2 minutes - 2.09 MB

Transcript: http://spearhead.co/platform  

A Lot of Great Tech Businesses Are Natural Monopolies

June 03, 2020 18:49 - 1 minute - 1.37 MB

Transcript: http://spearhead.co/monopolies  

Great Companies Expand Their Markets

June 02, 2020 19:20 - 1 minute - 1.05 MB

Transcript: http://spearhead.co/market  

Invest in $0 Billion Companies

May 29, 2020 16:13 - 1 minute - 1.47 MB

Transcript: http://spearhead.co/zero-billion  

Invest in Pure Tech Companies

May 27, 2020 16:10 - 1 minute - 1.08 MB

Transcript: http://spearhead.co/pure  

Raising Money Without Any Product Is a Red Flag

May 25, 2020 12:00 - 1 minute - 1.51 MB

Transcript: http://spearhead.co/pre-product  

Product Is the Resume of the Team

May 22, 2020 15:07 - 1 minute - 1.76 MB

Transcript: http://spearhead.co/product

Growth Investors May Force You to Expand Quickly

May 19, 2020 18:02 - 2 minutes - 2.03 MB

Transcript: http://spearhead.co/expand  

Expanding Fast vs. Dialing in the Model

May 19, 2020 18:02 - 2 minutes - 2.03 MB

Transcript: http://spearhead.co/expand  

In PayPal’s Early Days, We Lost Money on Every Transaction

May 15, 2020 17:23 - 1 minute - 1.03 MB

Transcript: http://spearhead.co/PayPal  

Get the Operation Working at a Small Scale

May 13, 2020 14:32 - 2 minutes - 2 MB

Transcript: http://spearhead.co/small-scale

‘Tech-Enabled’ Often Means Thin Margins

May 11, 2020 18:20 - 52 seconds - 863 KB

Transcript: http://spearhead.co/margins  

Startups Didn’t Have to be Good at Accounting Until Software Ate the World

May 08, 2020 07:47 - 1 minute - 1.83 MB

Transcript: http://spearhead.co/accounting  

You Can’t Optimize Profits If There Are No Profits to Optimize

May 06, 2020 14:05 - 1 minute - 1.59 MB

Transcript: http://spearhead.co/scale

Negative Unit Economics Create the Illusion of Success

May 04, 2020 15:51 - 1 minute - 1.84 MB

Transcript: http://spearhead.co/unit-economics  

Startups Are Susceptible to ‘Happy Talk’

May 01, 2020 16:35 - 1 minute - 1.08 MB

Transcript: http://spearhead.co/happy-talk  

Mature Your Culture as You Grow

April 30, 2020 16:39 - 1 minute - 1.42 MB

Transcript: http://spearhead.co/culture  

Nobody Wants to Give a Founder Tough Love

April 23, 2020 16:16 - 2 minutes - 2.36 MB

Transcript: http://spearhead.co/tough-love  

Founder Psychology Is at the Heart of Most Blitzfails

April 22, 2020 18:15 - 2 minutes - 1.92 MB

Transcript: http://spearhead.co/crazy  

Culture Is a Macrocosm of the Founder’s Psychology

April 21, 2020 18:33 - 1 minute - 1.81 MB

Transcript: http://spearhead.co/psychology

Micro-Bubbles Are Constantly Building and Bursting

April 20, 2020 08:31 - 1 minute - 1.25 MB

Transcript: http://spearhead.co/micro-bubble  

‘High-Burn Startup Meets Macro-Shock’ Is a Recipe for Blitzfail

April 17, 2020 17:27 - 1 minute - 1.75 MB

Transcript: http://spearhead.co/macro-shock  

Moving Fast May Mean You're Not Really Moving at All

April 16, 2020 17:42 - 1 minute - 1.08 MB

Transcript: http://spearhead.co/fast

Startups Are a Race to Get to Scale

April 15, 2020 17:50 - 1 minute - 1.71 MB

Transcript: http://spearhead.co/race  

Blitzfail: Why Startups Go off the Rails

April 14, 2020 20:25 - 1 minute - 1.67 MB

Transcript: http://spearhead.co/blitzfail  

Repeat Founders Often Don’t Want to Start Over From Scratch

April 13, 2020 17:37 - 2 minutes - 2.57 MB

Transcript: http://spearhead.co/repeat  

Repeat Founders Don’t Really Want to Start Over From Scratch

April 13, 2020 17:37 - 2 minutes - 2.57 MB

Transcript: http://spearhead.co/repeat  

‘First-Time Founders’ Often Have Been Tinkering for Quite a While

April 09, 2020 16:05 - 1 minute - 1.71 MB

Transcript: http://spearhead.co/repeat  

Avoid Teams That Would Sell Early

April 08, 2020 15:09 - 1 minute - 1.31 MB

Transcript: http://spearhead.co/early

Founders Almost Can’t Be Referenced

April 07, 2020 15:41 - 2 minutes - 2.09 MB

Transcript: http://spearhead.co/references

Your Reputation Is Built by the Companies That Are Doing Poorly

April 06, 2020 15:14 - 53 seconds - 877 KB

Transcript: http://spearhead.co/reputation

Coachability Is Overrated

April 02, 2020 17:45 - 32 seconds - 547 KB

Transcript: http://spearhead.co/coachability

You’re Not Investing in Nice People

April 01, 2020 17:05 - 2 minutes - 2.47 MB

Invest in people with high energy, intelligence and integrity.   Transcript: http://spearhead.co/nice

Invest Only in Technical Teams

March 31, 2020 15:38 - 1 minute - 1.87 MB

If there’s no technical team, you’re not investing in technology. Transcript: http://spearhead.co/technical

Invest in the Smartest Scientists in a New Field

March 30, 2020 14:16 - 2 minutes - 2.32 MB

You’re not going to become a great tech investor by reading TechCrunch. Transcript: http://spearhead.co/scientists

Don’t Fantasize About What You Would Do If You Were the Founder

March 25, 2020 13:20 - 1 minute - 1.1 MB

You're not running the company—you’re betting on the founder. Transcript: http://spearhead.co/fantasize

You’ll Get Less Money in Your Winners

March 23, 2020 20:46 - 2 minutes - 1.98 MB

Always try to get your standard bite-size. Transcript: http://spearhead.co/winners

You Can Give Every Deal One Fatal Flaw

March 11, 2020 12:00 - 1 minute - 1.69 MB

A startup that breaks all the rules won’t get anywhere. Transcript: http://spearhead.co/flaw

The Best Deals Look Weird

March 09, 2020 17:04 - 2 minutes - 2.36 MB

If nobody thinks it looks weird, you’re making a consensus investment. Transcript: http://spearhead.co/weird

Judgment Requires a Willingness to Be Unpopular

March 06, 2020 17:05 - 1 minute - 1.47 MB

Groupthink leads to poor judgment. Transcript: http://spearhead.co/unpopular

Are Good Investors Piling in the Round with You?

March 04, 2020 20:04 - 1 minute - 1.71 MB

It’s a sign of good judgment when proven investors pile into the round. Transcript: http://spearhead.co/pile

Pivots Mean Your People Judgment Really Matters

March 02, 2020 17:19 - 2 minutes - 2.44 MB

Bets on seed-stage startups are bets on founders. Transcript: http://spearhead.co/pivots