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This Week in Startups

John Doerr of Kleiner Perkins with Ryan Panchadsaram + VC Sunday School: cap table management | E1379

This Week in Startups

Jason Calacanis

Technology

4.41.3K Ratings

🗓️ 6 February 2022

⏱️ 79 minutes

🧾️ Download transcript

Summary

John Doerr of Kleiner Perkins joins to discuss his lessons from a career of investing and his new book "Speed & Scale: An Action Plan for Solving Our Climate Crisis Now," alongside his co-author Ryan Panchadsaram. 


But first, Jason gives a 10-minute crash course on how to navigate messy cap tables in our latest VC Sunday School segment (1:54).


Then John and Ryan join Molly and Jason for a conversation (15:11). In this episode, you will learn:

1. The six objectives and four accelerants to reach zero emissions by 2050

2. Why Nuclear power is an important part of the plan, but cannot be the only solution

3. The biggest blockers to rapid climate progress and why "the climate crisis is under-hyped"

4. Hard-won lessons from funding solar companies

5. How John assesses founders and develops conviction to invest

6. Indications John saw that Jeff Bezos was an exceptional entrepreneur

7. Where investors should focus to drive the biggest output


(0:00) Jason and Molly intro the show, John Doerr, saving the climate and cap tables
(01:54) VC Sunday School - When is a Cap table too messy?
(07:29) Why VCs want founders to maintain more than 50% equity in the seed round
(10:02) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(11:08) What are the metrics for a red flag?
(15:11) Interview - John Doerr and Ryan Panchadsaram, on the path to zero emissions
(20:44) Bubble. Get one month free of a no-code plan at https://bubble.io/twist
(22:17) Six objectives to reach zero emissions
(30:22) The four accelerants needed to cut emissions in half by 2030 and hit the target by 2050
(31:28) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.io/twist
(32:56) Where investors can focus to drive the biggest change, why the time for "individual action has passed" and we need collective action
(35:22) Why Nuclear power is an important part of the plan, but will not be deployed in time
(42:06) Identifying the biggest blockers to rapid progress
(47:37) Lessons from funding solar companies, why they require more capital and more intellectual rigor
(51:32) How Kleiner's early climate investment portfolio performed
(54:40) How Jason came to own the Roadster that KP Partner Ray Lane had ordered
(56:29) How Kleiner invests in Beyond Meat
(58:16) How John assesses founders and develops conviction to invest
(1:03:52) John spending time with Jeff Bezos, how Jeff actually knew how to pull his own revenue numbers with a UNIX grep command
(1:07:49) Why John thinks the Climate Crisis is under-hyped
(1:16:13) Where should investors focus?

Read Speed & Scale: https://speedandscale.com

FOLLOW John: https://twitter.com/johndoerr
FOLLOW Ryan: https://twitter.com/rypan
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

Click on a timestamp to play from that location

0:00.0

Okay, everybody, we've got an amazing interview for you today.

0:03.3

And are this week in climate startup segment?

0:05.6

And I'm going to join Molly for it.

0:06.9

V.C. Legend, John Doer is back on this week in startups for a second appearance.

0:10.9

And he joins us with this co-authorized to talk about their new book, Speed and Scale.

0:15.7

It is, I mean, there's no other word for it.

0:17.5

It's so great.

0:18.3

It's such a great interview.

0:20.1

You're going to love it.

0:20.8

And before that, we've got another edition of V.C. Sunday School, where Jason is going

0:25.9

to break down cap tables, not the boring basic part, although I'm still looking for that

0:30.6

perfect spreadsheet to calculate the math.

0:32.4

But specifically how cap tables can get messy.

0:35.7

And then when they get messy, when it's so messy that you just need to walk away,

0:40.4

like call or call in FEMA to clean it up, clean up time.

0:43.8

Okay, it's going to be an epic great show stick with us, stick with us.

0:51.0

This week in startups is brought to you by Odo is a fully customizable and fully

0:56.7

integrated suite of business apps that lets you build and scale your stack as you

1:00.9

build and scale your business.

1:02.7

Your first app is free forever.

1:04.8

And right now, Odo is offering $1,000 off your first implementation pack at

1:10.0

Odo.com slash twist.

...

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