The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Wild Story Raising $450M From Masa and Softbank | Why My Biggest Mistakes Came From Listening to VCs | Why 100 VCs Turned Us Down | Why European Founders Are Tougher Than US Founders with Johannes Reck, GetYourGuide
The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.
If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.
Show Notes
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Johannes Reck is the Founder and CEO of GetYourGuide, the $2BN company that started with a holiday to China and nothing to do. For the first two years, GetYourGuide received only 5 bookings. Today the platform is worth $2BN. They have raised from some of the best, including an amazing story with Masa Son and Softbank.
In Today's Episode We Discuss:
– "I Regret Our Series A — Too Much Dilution"
– US vs Europe: Why European Founders Are Tougher
– "Germany Spends €100B on Pensions, €7B on VC – It's Insane"
– Why Europe Fails to Build $10B Startups
– 90% of Our Team in Berlin Aren't German. Here's Why.
– Recruiting Netflix's Head of Growth Nearly Killed Me
– "We Had 5 Bookings in 2 Years. 3 Were My Mum."
– "I Asked My Parents to Remortgage Their House for a Pivot"
– The Vatican Tour That Changed Everything
– Why VCs Rejected GetYourGuide 100+ Times
– The $14M Series A That Nearly Killed the Company
– "I Hired All the Wrong People – Then Laid Off 30%"
– The $450M SoftBank Deal... Then COVID Hit
– "We Went to $0 in Revenue in 3 Weeks"
– The Sequoia Tree Mindset: Grow Through Fire
– What SoftBank's Masa Son Was Really Like in Person
– How He Thinks About Secondary, Wealth, and Not Losing His Soul
– "My Worst Hires Came from Listening to VCs Too Much"
– Angel Investing in Trade Republic and TravelPerk: My Lessons
– Do You Have to Work 7 Days a Week to Win?
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