Every venture investor informs its portfolio companies that they are more than just a check. You help with IntroductionYou help with recruitmentand they help with go public. Some were even Operators themselves And met the same problems as their start -up founders. But how many full-time VCs can you get to build the world’s largest technology companies?
Of course there are Marc Andreessen and Peter Thiel and Vinod Khosla. David Fischer, partner at 01 consultants, may not yet have the same name, although he worked as a vice president for sale on Google and then as Chief Revenue Officer on Facebook, since both companies broke out from the stratosphere. And for founders who want to scale their companies from zero to one in this era of hyperpeeding, Fischers background can make him as valuable as the Giants of the Sand Hill Road.
This spring I met in the New York office of 01a with fishermen, which is located in the same building in the lower Manhattan, in which Union Square ventures and inspired capital is inspired. Before Fischer took the VC ranks during the pandemic, he took a cumbersome way into technology. He briefly worked as a journalist before working in the finance department for Larry Summers, in which he met his future boss on Google and Facebook, Sheryl Sandberg. (Fischer FatherThe famous economist and central banker Stanley Fischer, recently deceased.))
After visiting the Stanford Business School, Fischer joined the Silicon Valley for a transformative time for the Tech sector and joined in 2002 right after the start of AdWords and started income. He spent eight years with the search giant before Facebook set him to achieve the same performance. When Fischer started, Facebook had around 1,200 employees, a turnover of 750 million US dollars and did not yet have cell phone. His recording of Instagram And the IPO was two years away. “Ads were a bit retrospectively,” says Fischer. When he left in 2021, the turnover of Facebook had risen 100 billion US dollars.
So where do you go next? Fischer may not be in the first 10 or 100 employees of tech giants, but he had experienced the addiction time when a company merges and in the case of Google and Facebook the world rule. “I always like to take what I have learned beforehand and bring it to do something real and rewarding,” says Fischer.
He began to channel this in investments, first contact as angels and then to connect with two friends who had founded their own company. Fischer is not the only former operator at 01A – the company was founded by the former Twitter CEO Dick Costolo and Fischer’s unique counterpart on Twitter in the Cro Roll Adam Bain. Fischer came to the third fund from 01A at full-time, a $ 395 million vehicle launched In October 2023.
At a time when many VC companies are either looking for early or late investments, 01a follows a Down-Middle approach and mainly writes the checks of Series B of around $ 15 million. It is not quite the stage in which Fischer Google and Facebook or Costolo and Bain came to Twitter, but it is still the same sweet spot where a company has a sustainable product, but has to find out how to sell it. “This is the time when you actually need advice from some people who ideally have already done this,” says Fischer. 01a helps with these important questions, from the transition from the sales led by the founders to a real sales company to the construction of the management team to the size of the competitive landscape. “Sometimes it only speaks through,” adds Fischer. “Being the founder is incredibly lonely.”
01a finances a variety of industries, although only a startup in the field of advertising and marketing tech, which, given the background of its partners, will surprisingly appear to be a company in San Francisco called Haus, which was founded by a former Google employee, the company helps to quantify the effectiveness of its marketing. 01a LED An investment of 20 million US dollars in the company last year after Insight Partners supported an earlier round.
The partners of the company may have contributed to leading three of the fastest growing companies in the history of Silicon Valley, but Fischer admitted that the rise of AI creates a new ball game. He will now sit through a field on which the founder places a diagram on the screen AppleGoogle and Meta. “It’s amazing,” says Fischer. “The only problem with this is that I had four other people this month who have put up the same diagram, and two of them are their competitors.”
Nevertheless, he believes that sales times, although this can be accelerated, that is the same for everyone. In other words, there will still be only a few winners per category – the competition can only grow faster. Having a lead doesn’t mean much. “Before we make an investment, we really have to be convinced that this is a company that can win,” says Fischer.
Icymi …I had the flexible Labor Platform Work and 23 million US dollar Series B. Read the whole story for the flexible Labor Platform this morning this morning Here. – Allie Garfinkle
Leo Schwartz
X: @Lomshwartz
E-mail: leo.schwartz@fortune.com
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This story was originally on Fortune.com
