The Twenty Minute VC
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How does the UK investing compare to the US?
Harry Stebbings
20VC: Pejman Nozad, Founding Managing Partner @ Pear.vc — Tech's Most Unlikely Venture Capitalist
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Harry Stebbings
@PejmanNozad is the Founding Managing Partner @Pearvc, one of the leading seed stage funds in the valley. However, Pejman did not enter the tech industry like most venture capitalists. Having immigrated from Iran, he lived in an attic above a yogurt shop and took a job at a rug store in the Valley. But he immersed himself in what was happening in technology. Slowly, with a few small investments, he developed a reputation for identifying talent and helping take promising ideas to the next level. From next to nothing, he built a $20B portfolio, investing in over 100 startups and seeding several multi-billion dollar companies such as @Dropbox, @Lending Club, @SoundHound and @GustoHQ. In Today’s Episode You Will Learn: 1.) How Pejman made his way from football in Iran to rug dealer in Palo Alto to leading seed stage VC? 2.) Mike Moritz has previously said that 'a call from Pejman is a call he will always take'. What led Mike to say this? What makes Pejman the brilliant networker and community builder that he is? 3.) How does Pejman assess early stage founders and teams? From seeing an early Andy Rubin, what did Pejman take from that as to what makes the best founders? 4.) Pejman invested $400K in @ARubin Danger which exited 8 years later for $500m yet Pejman only 2x his money. What did he take from this? What have been the other major learning inflection points for Pejman in the journey? 5.) From working alongside some of the best investors of our generation, what does Pejman perceive to be the commonalities of the best investors? How do they operate? How do they evaluate early stage opportunities? Items Mentioned In Today’s Show: Pejman’s Fave Book: Power of Now Pejman's Most Recent Investment: Gfycat by @richardrabbat