Sand Hill Road

Sand Hill Road

A place to talk about startups, venture capital and tech. For a full download, double-click on sandhillroad.io

  • 34 minutes 50 seconds
    E52 Pricing strategies for generative AI with Orb co-founder and CTO Kshitij Grover

    In this episode, Erasmus Elsner is talking to Kshitij Grover, co-Founder and CTO of Orb (www.withorb.com), a billing platform provider that solves usage-based billing needs. The SF based startup has to date raised a total of c. $19.1 million across its Series A ($14 million led by Menlo) and seed ($5.1 million led by Greylock).

    16 August 2024, 7:43 am
  • 53 minutes 7 seconds
    E51 Raising $1bn to bringing entrepreneurship to Japan with World Innovation Lab founder and CEO Gen Isayama
    In this episode, Erasmus Elsner is talking to Gen Isayama, co-founder and CEO of World Innovation Lab, a Palo Alto and Tokyo based venture firm investing in growth-stage companies and serving as a bridge between startups and Japanese corporations. 00:00​​ Intro 01:30 World Innovation Lab 04:10 From Japanese lawyer to Silicon Valley VC 09:10 From DCM to WIL 13:55 WIL investment thesis 19:40 Japanese entrepreneurial culture 26:57 Open innovation Models at WIL 31:57 Raising Fund I 37:00 Full spectrum of WIL Activities 42:16 Investment strategy and portfolio construction 48:06 Outlook for WIL III 51:23 Call to action
    6 April 2023, 4:40 pm
  • 41 minutes 2 seconds
    E50 Establishing a growth equity firm with Left Lane Capital founding partner Dan Ahrens

    In this episode, Erasmus Elsner is talking to Dan Ahrens, founding partner at Left Lane Capital, a New York based venture capital and early growth equity firm that invests in high-growth internet and consumer technology businesses. 

    00:00​​ Intro 

    02:43 Consumer vs. enterprise tech 

    05:09 Getting into venture 

    07:54 Raising Left Lane I 

    10:35 Investing while fundraising 

    13:09 The Left Lane Capital playbook 

    17:09 Due diligence in a hot market 

    18:52 Scaling Left Lane Capital 

    21:36 Deployment pace 

    23:28 Focus area 

    26:04 Hard conversations 

    28:10 Arc 

    32:53 Exo Freight 

    35:28 Supply Chain Tech 

    37:04 Call to action

    7 March 2023, 7:11 pm
  • 35 minutes 36 seconds
    E49 Cooking up the future of digital food halls with Byte Kitchen founder Divyang Arora

    In this episode, Erasmus Elsner is talking to Divyang Arora, founder and CEO of Byte Kitchen about cooking up the future of digital food halls with Byte Kitchen founder Divyang Arora.  

    0:00 Intro 

    1:24 2 minute elevator pitch 

    4:27 Going all in 

    8:07 Business Model 

    14:52 The Byte Kitchen playbook 

    18:52 Optimal Partner Restaurant Profile 

    25:39 End customer benefits 

    27:25 Raising the Seed Round  

    30:14 Early traction 

    31:54 Byte Kitchen's Use of Tech 

    34:50 Call to Action

    22 February 2023, 12:27 pm
  • 39 minutes 21 seconds
    E48 Protecting passwords through open-source software with Bitwarden CEO Michael Crandell

    In this episode, Erasmus Elsner is talking to Michael Crandell, CEO Bitwarden about scaling open-source password manager Bitwarden.  

    00:00​ Intro 

    00:50 What is Bitwarden 

    03:22 From side hustle to venture-backed 

    06:36 Joining a Bootstrapper at Series A 

    09:58 Open-source GTM 

    13:25 Open-source defensibility 

    15:35 Community vs. enterprise edition 

    17:37 Revenue traction 

    19:51 Competition 

    22:25 Fundraising journey 

    25:46 Use of funds 

    28:25 Go-to-market strategy 

    31:40 Building a remote-first company 

    35:11 Arbitrating talent 

    36:00 Next steps for Bitwarden 

    38:28 Not the first time at the rodeo

    31 January 2023, 11:30 am
  • 47 minutes 35 seconds
    E47 Your fund size is your strategy with Kyle Harrison, GP at Contrary

    In this episode, Erasmus Elsner is talking to Kyle Harrison, general partner at Country about everything from the economics of whale hunting, the venture product offering to his recent joining of Contrary.  

    00:00​ Intro 

    01:11 Way into venture 

    04:58 Time of reflection 

    07:24 The under-innovated venture model 

    10:46 Your fund size is your strategy 

    16:16 The nature of the general partnership 

    20:38 Rethinking the org chart 

    25:13 VC product vs. VC service 

    28:31 VC product industry practice 

    31:13 From monolithic brands to solo capitalist 

    37:18 The future of venture tribes 

    39:52 Joining Contrary

    13 January 2023, 12:09 pm
  • 39 minutes 55 seconds
    E46 Uncovering tax credits (aka free money) for startups with MainStreet founder and CEO Doug Ludlow

    In this episode, Erasmus Elsner is talking to Doug Ludlow, co-founder and CEO of MainStreet, which helps startups and small businesses uncover tax credits.   

    00:00​​ Intro 

    01:05 Hipster 

    05:09 Happy Home Company 

    07:10 Starting MainStreet 

    11:22 The nature of Tax credits 

    16:03 The Path Act 

    17:52 The MainStreet Product 

    19:14 Customer success stories 

    20:41 Customer profile 

    22:40 Audit protection / guarantee 

    24:13 Moats 

    25:37 Whitespace vs. Switching 

    26:30 MainStreet traction 

    27:47 Fundraising  

    28:17 Pre-empted Series A  

    30:22 MainStreet layoffs 

    32:42 Unit economics 

    33:42 Unit economics 

    34:50 Vision for MainStreet  

    37:42 Fast five 

    39:01 Call to action

    20 November 2022, 4:51 pm
  • 27 minutes 49 seconds
    E45 Building a nextgen, authentic professional social network with Candor founder Kelsey Bishop

    In this episode, Erasmus Elsner is talking to Kelsey Bishop founder and CEO of Candor, which is a nexgen, authentic social network.  

    00:00​​ Intro 

    01:02 What is Candor 

    03:25 Single player mode 

    03:56 Kelsey’s background 

    06:19 Employee-culture fit 

    08:31 Getting started 

    10:31 Migrating from bubble 

    11:38 Raising the Seed 

    12:42 Getting pre-empted 

    13:50 Raising from angels 

    15:23 Solo founder journey 

    16:58 Product + traction 

    21:47 Business model 

    23:03 Talking to users 

    24:51 Remote first company 

    26:25 Becoming a CEO 

    27:03 Call to action

    7 November 2022, 3:22 pm
  • 45 minutes 53 seconds
    E44 Shipping an open-source, low code enterprise tool builder with Appsmith founder Abhishek Nayak

    In this episode, Erasmus Elsner is talking to Abhishek Nayak the co-founder and CEO of Appsmith, which is an open-source, low code internal tool builder.  00:00​​ Intro 

    03:15 Entrepreneur in Residence at Accel 

    05:52 Third time at the Rodeo 

    09:55 Validating a startup idea at his wedding 

    11:38 Built for Internal  facing apps 

    13:48 The Appsmith Customer Persona 

    15:06 From Dataset to app  

    15:42 What Appsmith is replacing 

    17:07 The Appsmith killer feature 

    18:29 Getting to the first 100 users 

    21:40 Customer love + product iteration 

    23:07 Competition 

    25:24 Open source vs. closed source 

    27:53 Open source applications vs. infrastructure 

    31:07 Open core model 

    34:12 Traction and metrics 

    36:43 Metrics tracked over time 

    37:43 Fundraising for 3rd time 

    39:27 Fundraising journey 

    43:50 Remote company discounts 

    45:27 Call to action

    29 October 2022, 4:27 pm
  • 46 minutes 47 seconds
    E43 Opening a global hub for tech entrepreneurs at UC Berkeley with SkyDeck founding GP Chon Tang

    In this episode, Erasmus Elsner is talking to Chon Tang, the founding GP of the Skydeck Fund. Chon is an experienced Silicon Valley engineer, entrepreneur and investor. He was formerly founding partner and Managing Director of Junzi Capital Engineering, a leading quantitative hedge fund investing in the commodity space. He has been actively investing in Silicon Valley startups for 12 years, and has personal investments in over 25 deals with multiple IPOs and exits.   

    00:00​​ Intro 

    03:40​​ Starting a tech company in 2000 

    09:27​​ Founder-investor transition 

    17:51​​ The art of talent arbitrage 

    22:09​ Raising Fund II 

    27:00​​ Portfolio construction 

    30:40​​ Skydeck Fund entry point 

    32:50​​ Success stories 

    37:00​​ Skydeck Accelerator Program + Challenges 

    41:00​​ The accidental VC 

    45:00​ Next Skydeck batch

    6 September 2022, 4:34 pm
  • 51 minutes 2 seconds
    E42 Taking Zoom meetings like a pro with Fathom (YC W21) founder Richard White

    In this episode, Erasmus Elsner is talking to Richard White, the serial entrepreneur behind Uservoice and Fathom.video. Richard is a design engineer and product visionary who has been in the first YC batch with Justin Khan and Emmett Shear for Kiko (YC S05) and most recently came back to the YC W21 to see how startup kids are doing the tricks today.   

    00:00​​ Intro 

    00:51​ Who is Richard White 

    03:40 The power of cold emails 

    05:09 Kiko (YC S05) 

    08:53 The UserVoice journey 

    12:09 Traction and funding 

    16:09 UserVoice today 

    $18:16 Starting Fathom 

    22:28 The Fathom product 

    27:35 Fathom customer profile 

    30:27 Fathom in remote orgs 

    32:03 Richard's own use of Fathom 

    33:57 Fathom integrations 

    36:14 Zoom Marketplace + platform risk $

    39:20 Going through YC (again) 

    42:57 Fathom seed round 

    46:11 The fun of fundraising 

    47:28 Vision for Fathom

    12 August 2022, 3:27 pm
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