The Venture Mindset Fireside Chat with Ilya Strebulaev, Professor of Private Equity at Stanford Graduate School of Business (Presented by Race Capital)
Race Capital is proud to present The Venture Mindset with Ilya Strebulaev, The David S. Lobel Professor of Private Equity and Professor of Finance at Stanford Graduate School of Business.
Venture capitalists are known for their extraordinary ability to spot opportunities. They know how to identify emerging trends, how to bring new industries into being, and when to hold them and when to fold. Their unique mindset has made them the force behind world-changing companies such as Amazon, Google, Moderna, SpaceX, and Zoom.
Stanford Professor Ilya Strebulaev has devoted two decades to studying VCs’ counterintuitive approaches to decision-making and the reasons behind the successes and failures of corporate innovations.
At this talk, Professor Strebulaev will cover:
9 distinct principles that will help you make better decisions as a venture investor and founder
One game-changing question VCs ask that will transform the way you evaluate opportunities
Why it’s crucial to learn when to ‘pull the plug’ on initiatives
Why failure is not an option, but a necessity
Thank you Citizens Private Bank for being a sponsor!
Speakers:
Ilya A. Strebulaev - The David S. Lobel Professor of Private Equity and Professor of Finance at Stanford Graduate School of Business and Author of The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
Ilya A. Strebulaev is the author of The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth and the David S. Lobel Professor of Private Equity and Professor of Finance at Stanford Graduate School of Business, where he has been a faculty member since 2004, and a research associate at the National Bureau of Economic Research. He also is the founder and director of the Stanford GSB Venture Capital Initiative. He graduated from the London Business School with a doctorate in finance. He also holds degrees from Lomonosov Moscow State University (BSc Economics) and the New Economic School, Moscow (MA Economics).
Professor Strebulaev is an expert in corporate finance, venture capital, angel investing, innovation financing, corporate innovation, private equity, and financial decision-making. His work has been widely published in leading academic journals, including the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. He has been awarded a number of prestigious academic awards, including the First Paper Prize of the Brattle Award for the best corporate paper published in the Journal of Finance, the Fama-DFA Prize for the best asset pricing paper published in the Journal of Financial Economics, and the Trefftzs Award by the Western Finance Association. His research has also been featured in a variety of media, including the New York Times, the Wall Street Journal and Harvard Business Review.
His recent research includes the largest survey of venture capitalists, analyzing their decision-making processes. He and his co-author developed a valuation framework for private VC-backed companies, finding that "unicorns" are often overvalued by 50%. His recent research also includes the study of the decision-making and structure of corporate VC units.
Edith Yeung - General Partner at Race Capital
Edith Yeung is a General Partner at Race Capital - an early-stage Silicon Valley venture capital fund investing in all things infrastructure. Edith is the seed investor in Solana (has been dubbed one of the best venture investments of all time), Lightning Network, Agora.io, Placer.ai, RapidAPI, and 60 other amazing startups.
Prior to Race Capital, Edith was a partner at 500 Startups, the world's most active early-stage fund and incubator which invested in Twilio, Credit Karma, Grab, and 2000 more companies.
Before 500, Edith was the general manager at Dolphin Browser, a Sequoia Capital - backed mobile browser with over 150 million installs worldwide. Edith also worked with many Fortune 500 companies such as Siebel, AMS, AT&T Wireless, and Autodesk. She frequently speaks on venture capital, women in leadership, China and Silicon Valley technology and investment landscape. She is also a frequent guest lecturer at Berkeley and Stanford and commentator on BBC, CNBC, Wall Street Journal, Bloomberg, SCMP, Techcrunch, The Information, etc.
About Race Capital
Race Capital is an early-stage venture fund focused on investing in exceptional founders who are building market-transforming companies in the data, enterprise, infrastructure, and fintech sectors. Our team are seed investors in Databricks, Solana, Agora.io, and many other great companies. For more information, visit https://race.capital/.
About Citizens Private Bank
Since its founding nearly 200 years ago, Citizens has been dedicated to helping clients and communities reach their potential. Today, the same commitment drives the Citizens Private Bank culture and values. At Citizens Private Bank, we deliver tailored, holistic personal banking, bespoke business banking and wealth management, best-in-class integrated banking solutions to exceed client expectations. Citizens Private Bank’s specialized banking team has extensive experience working with private equity and venture capital firms and technology, life science companies. We are well-versed in the complex nature of the business and provide customized solutions to meet the goals of your firm, your employees, and beyond.