LA Venture Podcast: Lightspeed Ventures' Nicole Quinn on Getting Deals Done Quickly

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
LA Venture Podcast: Lightspeed Ventures' Nicole Quinn on Getting Deals Done Quickly
Nicole Quinn

On this week's episode of the LA Venture podcast, hear from Lightspeed Ventures' partner Nicole Quinn. The iconic Silicon Valley fund has $10 billion in assets under management. Quinn focuses onearly-stage consumer internet and fintech companies, with a portfolio that includes Calm, Goop, Lady Gaga's House, Rothy's, Zola and Girl Boss.

Quinn says "you can't be called Lightspeed and move slowly" and explains how they can get a term sheet done in two to three days. She also shares lots of insights on building an enduring brand that are applicable whether you're in the consumer space or creating an insurance company.


Key Takeaways:

  • Lightspeed is laser focused on the consumer and startups.
  • When Nicole goes to her team for an investment recommendation about a company, she tends to have more conviction around the companies that get high and low scores (1s and 10s), opposed to middle scores (5s and 6s).
  • Metrics Lightspeed looks at to determiner year=-over-year growth include Seed: between three and five X, series A: three X and series B: two to three X.
"I think the rise of 'no code' [has] really only just begun." —Nicole Quinn
"We have two ears and one mouth, and we should be using them in that proportion." — Nicole Quinn

Nicole Quinn is a partner and Lightspeed Ventures. She spent eight years on the equity sales and research side of Morgan Stanley. There, she worked on IPOs for companies including Facebook, Groupon and Pandora. She earned a BSc in math and economics from York University in England, and an MBA from Stanford.

Want to hear more of L.A. Venture? Listen on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

Subscribe to our newsletter to catch every headline.

Cadence

Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors

David Shultz

David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors
Photo by Red Zeppelin on Unsplash

The Inflation Reduction Act contains almost $400 billion in funding for clean energy initiatives. There’s $250 billion for energy projects. $23 billion for transportation and EVs. $46 billion for environment. $21 billion for agriculture, and so on. With so much cash flowing into the sector, the possibilities for investment and growth are gigantic.

These investment opportunities, however, have typically been inaccessible for everyday retail investors until much later in a company’s development–after an IPO, usually. Meaning that the best returns are likely to be captured by banks and other institutions who have the capital and financing to invest large sums of money earlier in the process.

That’s where Pasadena-based Energy Shares comes in. The company wants to help democratize access to these investment opportunities and simultaneously give early-stage utility-scale energy projects another revenue stream.

Read moreShow less

How These Ukranian Entrepreneurs Relocated Their Startups to LA and Found Success

Aisha Counts
Aisha Counts is a business reporter covering the technology industry. She has written extensively about tech giants, emerging technologies, startups and venture capital. Before becoming a journalist she spent several years as a management consultant at Ernst & Young.
How These Ukranian Entrepreneurs Relocated Their Startups to LA and Found Success
Joey Mota

Fleeing war and chasing new opportunities, more than a dozen Ukrainian entrepreneurs have landed in Los Angeles, finding an unexpected community in the city of dreams. These entrepreneurs have started companies that are collectively worth more than $300 million, in industries ranging from electric vehicle charging stations to audience monetization platforms to social networks.

Dot.LA spent an evening with this group of Ukrainian citizens, learning what it was like to build startups in Ukraine, to cope with the unimaginable fear of fleeing war, and to garner the resilience to rebuild.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending