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20VC: Xero's Rod Drury on IPO on Day 1 To Hedge Fund to VC & Doing Startups Backward

20VC: Xero's Rod Drury on IPO on Day 1 To Hedge Fund to VC & Doing Startups Backward

FromThe Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch


20VC: Xero's Rod Drury on IPO on Day 1 To Hedge Fund to VC & Doing Startups Backward

FromThe Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

ratings:
Length:
23 minutes
Released:
May 20, 2016
Format:
Podcast episode

Description

Rod Drury is the Founder & CEO @ Xero, essentially beautiful accounting software for small business. Xero has received funding from some of the best investors in the world including the likes of Peter Thiel, Accel and Matrix Partners. Prior to Xero, Rod has founded and exited several successful startups including being acquired by QuestSoftware (later acquired by Dell). This success has led to a mass of awards including the likes of NZ Entrepreneur of The Year and NZ High Tech Hall Of Fame.    In Today’s Episode You Will Learn: 1.) How Rod came to found one of New Zealand's breakout tech startup in Xero? 2.) What were the very first days of Xero like? How and why did Rod decide to IPO from the start? How did Rod convey the narrative so well from day 1? 3.) What does it take to transition a firm like Xero from a 50 man startup to a 500 an company? What are the challenges? How do you assure a consistent hiring quality and mechanism? 4.) How are Xero doing in the US in terms of fighting Intuit? Is it a winner take all market? 5.) How was the fundraising process for Rod? How did Rod choose and meet his investors? What was important for Rod when making the selection? Items Mentioned In Today’s Episode:  Rod’s Fave Book: How the Billionaire CEO of SpaceX and Tesla is Shaping our Future Rod’s Fave Blog: Feedly, Techmeme As always you can follow The Twenty Minute VC, Harry and Rod 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!   The Twenty Minute VC is brought to you by Leesa, the Warby Parker or TOMS shoes of the mattress industry. Lees have done away with the terrible mattress showroom buying experience by creating a luxury premium foam mattress that is order completely online and ships for free to your doorstep. The 10 inch mattress comes in all sizes and is engineered with 3 unique foam layers for a universal, adaptive feel, including 2 inches of memory foam and 2 inches of a really cool latex foam called Avena, design to keep you cool. All Leesa mattresses are 100% US or UK made and for every 10 mattresses they sell, they donate one to a shelter. Go to Leesa.com/VC and enter the promo code VC75 to get $75 off!
Released:
May 20, 2016
Format:
Podcast episode

Titles in the series (100)

The Twenty Minute VC takes you inside the world of Venture Capital, Startup Funding and The Pitch. Join our host, Harry Stebbings and discover how you can attain funding for your business by listening to what the most prominent investors are directly looking for in startups, providing easily actionable tips and tricks that can be put in place to increase your chances of getting funded. Although, you may not want to raise funding for a startup. The Twenty Minute VC also provides an instructional guide as to what it takes to get employed in the Venture Capital industry, with VCs giving specific advice on how to get noticed from the crowd and increasing your chances of employment. If that wasn't enough our amazing Venture Capitalists also provide their analysis of the current technology market, providing advice and suggestions on the latest investing trends and predictions. Join us so you can see how you can get BIG, powerful improvements, fast. Would you like to see more of The Twenty Minute VC, head on over to www.thetwentyminutevc.com for more information on the podcast, show notes, resources and a more detailed analysis of the technology and Venture Capital industry.