EP 61: Interplay's Mark Peter Davis Busts the Biggest VC Myths
Description
This episode is sponsored by ThunderVC, an investment bank for founders by founders.
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In this eye-opening episode of Fundraising Demystified, host Jason Kirby sits down with Mark Peter Davis, Managing Partner at Interplay Ventures, about the realities of venture capital and smart fundraising strategies for founders.
Mark challenges the "VC or bust" mentality, offering founders a fresh perspective on building sustainable businesses. He shares practical advice from his book "The Fundraising Rules" and reveals what Interplay looks for in potential investments. Don't miss Mark's parting words of wisdom – a powerful reminder that while fundraising is a crucial skill, it's ultimately about building a great company that can stand on its own merits.
Here's what you're in for:
00:00 Trailer
01:10 Introduction to Mark Peter Davis and Interplay Ventures
06:30 The mission and structure of Interplay's startup ecosystem
09:03 Notable successes and exits from Interplay's portfolio
13:35 What Interplay looks for in potential investments
14:40 Insights from Mark's book "The Fundraising Rules"
22:38 Why most companies shouldn't raise venture capital
25:59 Differences between raising capital as a founder vs. a GP
28:23 Interplay's investment criteria and portfolio construction
30:50 How founders can get Interplay's attention and the investment process
35:34 Interplay's unique approach to due diligence
40:35 Mark's parting advice for founders raising venture capital
ABOUT MARK PETER DAVIS
Mark Peter Davis ("MPD") is a veteran venture capitalist, serial entrepreneur, and author with a track record of success across multiple facets of the startup ecosystem. He is the Founder and Managing Partner of Interplay Ventures, a unique venture capital and incubation firm that has invested in unicorns like Coinbase and Warby Parker.
MPD co-founded several startups, including Kohort and Zotspot, and has invested in over 40 companies. His book, "The Fundraising Rules," is a go-to guide for entrepreneurs navigating the capital-raising process. Mark is also the founder of influential networking groups like the NY Venture Community and Columbia Venture Community.
Mark is active on social media, sharing insights from his extensive experience in venture capital and entrepreneurship. His unique perspective, shaped by both successes and challenges, makes him a valuable voice in the startup community.
ABOUT JASON
Jason Kirby is the co-founder of Thunder VC. He is a serial entrepreneur with 4 multi-million exits and decades of experience in fundraising and business building. He has coached hundreds of entrepreneurs in his career on fundraising, investing, capital strategy, and business development.
You can reach out to Jason through:
Email: jason@thunder.vc
LinkedIn: https://www.linkedin.com/in/jasonrkirby/
ABOUT FUNDRAISING DEMYSTIFIED
Our goal is simple: to equip you with the knowledge, inspiration, and guidance to navigate the labyrinthine world of fundraising. Whether you're a budding entrepreneur seeking seed funding or an established founder looking to scale your business, this podcast will provide you with the tools you need to conquer the fundraising landscape.
Thank you for being a loyal subscriber to Fundraising Demystified. We appreciate your support and are excited to continue bringing you more inspiring stories from successful founders.