Special Series on EdTech | Teaser
1 min

2020 is a defining year for many of us. This is a year when 85% of the countries in the world mandated school closure, leaving 1.5 billion students out of school. A year when valuation of EdTech companies are at record high with new money continuously flowing into it. For the EdTech founders, it is the opportunity of a lifetime, also an ultimate stress test for their companies. As a global fund with a handful of EdTech portfolios across the world, we created this special series for EdTech founders to share their stories. Also included in this series is a chat with GGV Partner Jenny Lee on why she first decided to go into EdTech back in 2013 despite all the skepticism, key things she looks for, and what excites her most about the future of learning. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Wharton FinTech Podcast
Wharton FinTech Podcast
WFT
Entrepreneurship, Stand-up Comedy, & Investing – Eric Satz, Founder/CEO of AltoIRA
Miguel Armaza sits down with Eric Satz, Founder and CEO of AltoIRA, a company on a mission to help individuals in the US access and execute investments in alternative assets using their retirement savings. We cover: - Eric’s journey from investment banker, to coffee shop owner, to venture capitalist, to AltoIRA founder. - What influenced him to pursue entrepreneurship throughout most of his life. - Why he thinks this is now a great time to invest in private companies. - The advantages of launching a fintech startup in Nashville, Tennessee. - Why he thinks the only thing harder than fundraising for startup money is making somebody laugh and why he has so much respect for stand-up comedians. - And much, much more! Eric is also the host of his own podcast, The Altogether Show, which features unfiltered interviews with untraditional entrepreneurs who ignored boundaries and followed their instincts. https://altogether.show/ Eric Satz An entrepreneur and former investment banker, Eric worked for DLJ/Credit Suisse First Boston before co-founding Currenex, Plumgood Food, and Tennessee Community Ventures, a VC firm. Eric served on the Board of the TVA from 2015-January 2019, and he teaches an entrepreneurship class to high school students. A Miami native and diehard 'Canes and Dolphins fan, Eric went to Amherst College. After years in NYC and then San Francisco, he and his wife moved to Nashville, her hometown, to raise their kids. When he's not breathing life into startup companies, Eric loves to ski, play soccer, and practice yoga. About AltoIRA AltoIRA is a financial technology company on a mission to help individuals access and execute investments in alternative assets using their retirement savings. The firm's cost-effective and hassle-free platform streamlines the process for investors, funding portals and issuers alike. Alto currently works with leading platform partners including AngelList, Wefunder and Masterworks, as well as financial advisors, funds and other direct issuers. Launched in 2018, the Nashville-based fintech firm is backed by leading investors including the family office of Tony James, Moment Ventures, Foundation Capital and the Sequoia Scout Fund. For more information, please visit www.AltoIRA.com - https://www.whartonfintech.org/ - https://twitter.com/whartonfintech - https://www.linkedin.com/company/wharton-fintech-club - Host: https://www.linkedin.com/in/armaza/
39 mins
Tech Buzz China by Pandaily
Tech Buzz China by Pandaily
SupChina
Ep. 78: China’s Digital Currency Electronic Payment (DCEP) dreams
Episode 78 of Tech Buzz China features our co-host Rui Ma in conversation with Yán Xiāo 肖妍 on the timely topic of China’s proposed national digital currency. Yan is a San Francisco-based Project Lead at the World Economic Forum with deep experience in fintech, having worked as senior legal counsel at Ant Group. She is also a lawyer by training and holds both American and Chinese legal licenses. Her current work focuses on digital payments and cross-border payments. Yan’s opinions on this episode are her own thoughts, and do not reflect those of the Forum in any way.  Rui was an early observer of the cryptocurrency space, and has witnessed the rise of Bitcoin and other technologies unfold concurrently in the U.S. and China. Listen to their conversation to find out: What does Yan think about the prospects for China’s proposed digital currency, which is typically called digital yuan or digital RMB? How are these prospects affected by the existing payments and digital landscape in China? What are the key features of digital RMB? What technologies form its backbone? What are other countries doing -- what is the global landscape for this type of national initiative?  Yup, Rui is still researching and writing on ByteDance for her ebook. You’ll want to get front-row updates on it and to her other work by subscribing to our newsletter, at techbuzzchina.com. You’ll also want to check out the Tech Buzz China YouTube channel, and can view all of our past transcripts on our website, as well as at pandaily.com and supchina.com.
37 mins
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Harry Stebbings
20VC: Benchmark's Sarah Tavel on Why Chasing GMV Will Lead To The Wrong Direction, The 2 Crucial Tipping Points For Marketplace Adoption, Why UGC Plays Are Like Marketplaces & How To Determine Between Existential and Non-Existential Risk
Sarah Tavel is a General Partner @ Benchmark, one of the most successful funds of the last decade with a portfolio including the likes of Uber, Twitter, Dropbox, WeWork, Snapchat, StitchFix, eBay and many more. As for Sarah, prior to joining Benchmark, she was a General Partner at another globally renowned firm, Greylock, where she led deals in Sonder and Gixo. Pre-Greylock, Sarah was the first PM @ Pinterest where she led three acquisitions, launched Pinterest internationally, and was responsible for closing their $100m Series C financing. 20VC: Benchmark's Sarah Tavel on Why Chasing GMV Will Lead To The Wrong Direction, The 2 Crucial Tipping Points For Marketplace Adoption, Why UGC Plays Are Like Marketplaces & How To Determine Between Existential and Non-Existential Risk In Today’s Episode You Will Learn: 1.) How Sarah made her way from being the first PM at Pinterest to being a General Partner at one of the world's leading venture firms, Benchmark? 2.) What does Sarah mean when she says, "the small things are not the big things"? How does Sarah determine between existential vs non-existential risk? How does this impact the type of board member Sarah is? How has Sarah seen the best board members engage? Who are they? 3.) Why does Sarah believe that in marketplaces, chasing GMV will lead you in the wrong direction? How does Sarah think about good vs great when it comes to 1.) Average order values? 2.) Repeat purchase rates. 3.) NPS? 4.) Net revenue retention? How should they change with time? 4.) In marketplaces, what is a tipping point? What are the 2 crucial tipping points to be aware of? How can marketplaces ensure demand brings further demand? What can they determine from how demand engages with different suppliers? How does Sarah feel about feedback systems? 5.) Why does Sarah believe that UGC plays are like marketplaces? What lessons can be drawn from TikTok to suggest this? How does Sarah think about her biggest lessons when analysing the growth of DoorDash? What do many not see that is important to recognise? Item’s Mentioned In Today’s Episode Sarah’s Favourite Book: Pachinko: The New York Times Bestseller As always you can follow Harry and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
37 mins
Acquired
Acquired
Ben Gilbert and David Rosenthal
Virgin Galactic
Live from the 2020 ASCEND Space Conference, Acquired covers the full story behind the most "out there" technology story of the past few years: Virgin Galactic. How did this space tourism company grow out of the winning X Prize team, and catch the eyes and fancy of billionaires like Paul Allen, Sir Richard Branson, and, most recently, company chairman Chamath Palihapitiya who took it public via the first "modern" technology SPAC transaction in history? Tune in to find out!! If you want more more Acquired and the tools + resources to become the best founder, operator or investor you can be, join our LP Program for access to our LP Show, the LP community on Slack and Zoom, and our live Book Club discussions with top authors. Join here at: https://acquired.fm/lp/ Sponsors: * Thanks to Tiny for being our presenting sponsor for all of Acquired Season 7. Tiny is building the "Berkshire Hathaway of the internet" — if you own a wonderful internet business that you want to sell, or know someone who does, you should get in touch with them. Unlike traditional buyers, they commit to quick, simple diligence, a 30-day or less process, and will leave your business to do its thing for the long term. You can learn more about Tiny here: http://tinycapital.com * Thank you as well to Bamboo Growth and to Perkins Coie. You can learn more about them at: * https://growwithbamboo.com * https://www.perkinscoie.com/ Playbook Themes from this Episode: (also available on our website at https://www.acquired.fm/episodes/virgin-galactic ) 1. Prizes can be a great way to generate leverage on innovation. If done right, the X Prize and other industry prizes like it (e.g., Netflix Prize, DARPA Challenge, etc) can bring an order of magnitude more talent to bear on a challenge than what the same dollars alone could hire. * The challenge is to create a prize that inspires and draws in a large enough pool of contributors. The aerospace industry’s “cool” factor may be what allowed the X Prize to succeed and explain why prizes aren't employed as often in other sectors. 2. When trying new things, most people want to go second — but those willing to go first get the best returns.Being first into new markets carries high risk (including/especially reputational), but often also offers asymmetric upside. Investing in a new frontier when others think it’s crazy is a recipe for success — if you’re both contrarian and right. * Chamath took a huge turn from the traditional VC playbook when he created his first SPAC in 2017, years before they went mainstream. He and his investors have generated over $1B in profits from that vehicle (which is now merged with Virgin Galactic), and have since used those proceeds to launch five more. 3. The best time to invest was yesterday, the next best time is today. Great investors don’t miss the chance to invest in big markets because they’ve passed on it before. Sir Richard Branson passed on investing in the X Prize twice before partnering with Burt Rutan's winning team to build Virgin Galactic. 4. Whenever a market's prices aren't being set by supply and demand, there's probably an opportunity to disrupt that market. The traditional IPO pricing process is managed by third parties (investment banks) that represent both sides of the transaction, and also have their own economic interests at play. It's the equivalent of a real estate agent representing both the buyer and seller. As a result, many technology IPOs have left hundreds of millions or billions of dollars on the table. SPACs and direct listings are now solving that problem. Any other market with this dynamic should represent fertile ground for entrepreneurs. Links: * Virgin Galactic's "One Small Step" reservation program: https://www.virgingalactic.com/smallstep/ * The November 2020 launch delay: https://www.virgingalactic.com/articles/virgin-galactic-adjusts-test-flight-schedule-in-response-to-new-state-government-covid-19-restrictions/ Sources: * Black Sky Documentary: https://www.youtube.com/watch?v=cikmdTVFPig * How to Make a Spaceship: https://www.amazon.com/How-Make-Spaceship-Renegades-Spaceflight/dp/1101980494/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= * http://d18rn0p25nwr6d.cloudfront.net/CIK-0001706946/362d3eae-199a-4995-ab78-232a09ced07d.pdf * http://www.agent4stars.com/virgin-galactic-passenger-list/ * https://abcnews.go.com/Business/story?id=8191703 * https://abcnews.go.com/Business/virgin-galactic-resume-selling-tickets-space-reports-skyrocketing/story?id=69229936 * https://en.m.wikipedia.org/wiki/Virgin_Galactic * https://en.wikipedia.org/wiki/Burt_Rutan * https://en.wikipedia.org/wiki/Richard_Branson * https://en.wikipedia.org/wiki/Scaled_Composites * https://en.wikipedia.org/wiki/The_Spaceship_Company * https://en.wikipedia.org/wiki/Virgin_Galactic * https://investors.virgingalactic.com/news/news-details/2020/Virgin-Galactic-Adjusts-Test-Flight-Schedule-in-Response-to-New-State-Government-COVID-19-Restrictions/default.aspx * https://investors.virgingalactic.com/news/news-details/2020/Virgin-Galactic-Announces-Third-Quarter-2020-Financial-Results/default.aspx * https://open.spotify.com/episode/63gIP0UcvBUyhuf0qz1Rza * https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5mZWVkYnVybmVyLmNvbS9wcm8tcmF0YQ/episode/OTc4MDliM2MtYTI1NS0xMWU5LWJhZjMtMmYxYWQyZTM2ZmM0 * https://sifted.eu/articles/fund-fintech-secret-ian-osborne/ * https://techcrunch.com/2020/09/16/cant-stop-wont-stop-social-capital-hedosophia-just-filed-for-its-fourth-spac-says-new-report/ * https://www.ainonline.com/aviation-news/aerospace/2007-08-28/northrop-grumman-seals-scaled-composites-deal * https://www.bloomberg.com/news/articles/2020-11-05/virgin-galactic-sees-new-ticket-sales-after-branson-s-space-trip * https://www.businesswire.com/news/home/20121005005907/en/Virgin-Galactic-Acquires-Full-Ownership-Spaceship-Company#.VFvXsPnF98E * https://www.forbes.com/sites/daviddawkins/2020/09/06/inside-virgin-orbit-richard-bransons-small-satellite-bid-to-match-musk-and-bezos-in-the-billionaire-space-race/?sh=1d880f577ab9 * https://www.listennotes.com/podcasts/industry-focus/cg-virgin-galactic-prepares-wOHokI4mM06/ * https://www.marketwatch.com/story/abu-dhabis-aabar-boosts-virgin-galactic-stake-2011-10-19 * https://www.renaissancecapital.com/IPO-Center/News/65718/The-Space-SPAC-Everything-You-Need-to-Know-about-Virgin-Galactic * https://www.renaissancecapital.com/IPO-Center/News/72123/Palihapitiya-and-Osbornes-fifth-SPAC-Social-Capital-Hedosophia-Holdings-V-p * https://www.sec.gov/Archives/edgar/data/1706946/000114420417044783/v473766_s1.htm * https://www.sec.gov/Archives/edgar/data/1706946/000119312519215509/d785777ds4.htm * https://www.space.com/31993-stephen-hawking-virgin-galactic-spaceshiptwo-unity.html * https://www.spacedaily.com/upi/2004/0831-091100-us-spacerace2-cashprize.html * https://www.theguardian.com/business/2014/oct/09/virgin-galactic-space-tourism-richard-branson-george-whitesides * https://www.theverge.com/2018/10/13/17967954/virgin-galactic-richard-branson-saudi-arabia-jamal-khashoggi * https://www.usatoday.com/story/tech/talkingtech/2018/05/29/amazons-jeff-bezos-says-we-need-leave-earth-survive/651715002/?fbclid=IwAR0E2z5cBtry3Zy0sNRs9jRFKjE_b-T7N-kN0TQO7MDbWJO-baZKw4ZMZGU * https://www.wsj.com/articles/richard-bransons-virgin-orbit-seeks-1-billion-valuation-in-fundraising-11602403201?cx_testId=3&cx_testVariant=cx_2&cx_artPos=1#cxrecs_s * https://www.wsj.com/articles/richard-bransons-virgin-raises-480-million-with-spac-11601642288
1 hr 45 mins
16 Minutes News by a16z
16 Minutes News by a16z
Andreessen Horowitz
Transparency in Pricing, Ruling Healthcare
[simplecast-embed src="https://16minutes.simplecast.com/episodes/16mins-transparency-in-coverage-rules-cms-hhs-healthcare-pricing-cost-patients-payers-hospitals-comparison-competition?dark=true"] The Centers for Medicare & Medicaid Services (CMS) issued the latest in a series of “historic" rules a few weeks ago; the controversial rules -- which have been in the works for a while, but are now final -- are intended to increase price transparency in (what's been described by the U.S. Department of Health and Human Services’ secretary as) a "shadowy system where prices are hidden". Specifically, the two rules will require hospitals, group health plans, and health insurance issuers to disclose _price_ and _cost-sharing_ information to participants, beneficiaries, and enrollees _up front_; give patients _accurate_ estimates of the costs that they are responsible for, including making previously unavailable price information _accessible_ to them and other stakeholders; and doing so in a _standardized_, _machine-readable_ way that allows for easy comparisons (and therefore more choice and competition). So in this episode of 16 Minutes, a16z bio experts Justin Larkin and general partner Julie Yoo (who also interviewed Dr. Marty Makary, author of _The Price We Pay_, on a previous episode) join Sonal Chokshi to discuss the specifics of, and the impact of, the rules on consumers and on various industry players. As is the premise of the show, they also break down the gap between what's hype/ what's real when it comes to mandates and implementation; while the rules go into effect January 2021, the deadlines roll out through 2024. What are the tensions (and paradoxes!) between hospitals and insurers, between efficient markets and top-down policy, between price vs. cost, between planned vs. surprise costs, between shoppable and non-shoppable services, between price and quality, price and value? Where do incentives align (or not)? And what are the challenges, and opportunities, for builders?
23 mins
Fintech Insider Podcast by 11:FS
Fintech Insider Podcast by 11:FS
11:FS
481. News: All about that BaaS - did Wirecard collapse at a good time?
Our expert hosts, Sarah Kocianski and Kate Moody, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include: David Jarvis - CEO of Griffin Anna Irrera - Fintech Correspondent, Reuters Ginger Schmeltzer - Senior Analyst, Aite Group We cover the following stories from the fintech and financial services space: Santander buys Wirecard’s core European business for €100m Staying with BaaS: Griffin and Railsbank raise funds, and Marqeta and Uber team up on cards PNC to buy BBVA US Brazil launches instant payments platform; expects WhatsApp to return soon Lanistar is a “first in fintech” according to Forbes, but the FCA warn consumers against using its services Rooster Money predicts what all the kids want for Christmas This podcast is brought to you by Jack Henry Digital (https://hubs.ly/H0w__kt0) the pioneer and creator of personal digital banking that helps community financial institutions strategically differentiate their digital offerings from those of MegaBanks, BigTechs and FinTechs. This podcast is also brought to you by Pento (https://pento.io/insider) - the UK’s first automated payroll platform. Say goodbye to clumsy spreadsheets, endless emails with external payroll providers and manual payments. Pento lets you run payroll in just a few clicks. It calculates taxes, integrates with platforms like Xero and makes all the payments and reports to HMRC & pension providers for you. Go to pento.io/insider to run payroll for free for the rest of the year. Banking as a Service is deconstructing the banking stack. It's enabling brands to embed finance more easily, and to tailor financial products to specific customer needs. This is presenting new opportunities for specialised providers and offers banks extra revenue streams. Download our report for a comprehensive, no BS view of what Banking as a Service is and what it means for the industry. Head to bit.ly/bankingasaservice (https://bit.ly/bankingasaservice). Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates and Sarah Kocianski and joined by a range of brilliant guests, we cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: www.twitter.com/fintechinsiders where you can ask the hosts questions, alternatively email podcasts@11fs.com! Special Guests: Anna Irrera, David Jarvis, and Ginger Schmeltzer.
1 hr 8 mins
Equity
Equity
TechCrunch
Equity Dive: Edtech’s 2020 wakeup call
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week, we're doing a first-ever for the show and taking a deep dive into one specific sector: Edtech. Natasha Mascarenhas has covered education technology since Stanford first closed down classes in the wake of the coronavirus pandemic. In the wake of the historic shuttering of much of the United States' traditional institutions of education, the sector has formed new unicorns, attracted record-breaking venture capital totals, and most of all, enjoyed time in a long-overdue spotlight. For this Equity Dive, we zero into one part of that conversation: Edtech's impact on higher education. We brought together Udacity co-founder and Kitty Hawk CEO Sebastian Thrun, Eschaton founder and college drop-out Ian Dilick, and Cowboy Ventures investor Jomayra Herrera to answer our biggest questions. Here's what we got into: * How the state of remote school is leading to gap years among students * A framework for how to think of higher education's main three products (including which is most defensible over time) * What learnings we can take from this COVID-19 experiment on remote schooling to apply to the future * Why ed-tech is flocking to the notion of life-long learning * And the reality of who self-paced learning serves -- and who it leaves out And much, much more. If you celebrate, thank you for spending part of your Thanksgiving with the Equity crew. We're so thankful to have this platform and audience, and it means a ton that y'all tune in each week. Finally, if you liked this format and want to see more, feel free to tweet us your thoughts or leave us a review on Apple Podcasts. Talk soon!
26 mins
McKinsey Recruiting
McKinsey Recruiting
McKinsey & Company Recruiting
Jop on Environmental Sustainability
How does McKinsey foster an environmentally conscious workplace? What does a typical day as the director of environmental sustainability at McKinsey look like? Why is the topic of sustainability such a high priority for our clients? Tune in and find out answers to these questions and more in our latest McKinsey Recruiting Podcast episode with Jop Weterings, McKinsey‘s director of environmental sustainability. Jop, who is based in our Amsterdam office, works with clients in the energy and materials sector. He believes that if each individual thinks about how to include sustainability in their everyday decisions at work, it would be a game changer. # Before joining McKinsey, Jop earned an MBA from Columbia Business School in New York # Jop is passionate about staying active and loves to hike, cycle and play water polo # Prior to pursuing a degree in business administration, he contemplated studying forestry # Jop shares how he has been able to integrate his personal passion for the environment into a sustainable career # Jop provides valuable insights into the work of McKinsey’s Green Teams and how small changes in our behavior can have an incredible impact # He explains how COVID-19 has impacted the way we live, work and think # In our ‘Ask Me Anything’ section, Jop answers questions from individuals who are considering a career at McKinsey For more information on our podcast, visit: http://mckinsey.com/recruitingpodcast Read more >    Listen to the podcast (duration: 36:16) >
36 mins
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