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Podcast

Glenn Butcher on why company culture is key (Episode 13, Part 4)

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The Story

Glenn Butcher’s final episode covers off on a lot of interesting information. As investors and founders it is really hard to think strategically about who to achieve the vision of the company.

Company culture plays an important in any organisation. Founders need to ensure they are aligned on the vision of the company and have working strategies and tactics to get there. Data and technology will not replace the human element of an organisation, however technology will heavily influence a culture within an organisation.

  • How to think strategically about how to achieve the vision of the company
  • The barrier to entry terminology of moat
  • How does your company express its culture

 

Quotes from Glenn Butcher:

  • As an investor and advisor, I enjoy working with people that have a big vision
  • Culture is king

Links:

Glenn Butcher Lead Investor Podcast - E13P3

Glenn Butcher on having a rigorous recruitment strategy (Episode 13, Part 3)

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The Story

In this episode we discuss Amazon, hiring engineering teams and recruitment strategies. Glenn was engaged by Amazon to build and lead the engineering team, here in Sydney. In the early days Amazon ran at huge losses and burnt a huge amount of investor capital before generating any profit.

An important way in which to manage cash flow is to ensure that a startup has a rigorous recruitment process. Once capital has been raised, cash flow needs to be managed very carefully so that if things go wrong or the next round of funding is delayed, the startup will survive.

  • The methodology behind a rigorous recruitment strategy.
  • How to recruit objectively and not using one’s unconscious bias.
  • The importance of managing cash flow once capital has been raised.

Amazon recruitment process.
https://www.amazon.jobs/en/landing_pages/interviewing-at-amazon

Inc
https://www.inc.com/business-insider/best-amazon-interview-questions.html

Glenn-Butcher-E13P2 The Lead Investor Podcast

Glenn Butcher – The importance of product-market fit (Episode 13, Part 2)

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The Story

Today we continue our conversation with Glenn Butcher. We will be jumping back into our conversation about Atlassian and his experiences there. We discuss how to identify founders and startup investment opportunities and the concept of product-market fit.

The impact of companies like Atlassian on the startup and technology sector here in Australia can not be understated. They built a product that solved a range of problems experienced by their customers based all over the world. But they also had great product-market fit and in this episode we will explore this in more detail.

Glenn Butcher The Lead Investor Podcast Quote e13p2
  • What to look for when investing with Startups. Is it founders? Is it product market fit? Is it the right market timing?
  • The importance of Product-Market fit. If customers are chasing you, then you know that you have Product Market Fit.
  • The impact of a successful technology company from Australia on the Australian industry.
  • The importance of stock options and establishing a employee proposition within a company.
Glenn Butcher - The Lead Investor Podcast e13P1

Glenn Butcher – Overnight Startup success is never overnight! (Episode 13, Part 1)

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The Story

Today we are joined by Glenn Butcher who’s had an incredible career through the technology industry at companies such as Atlassian and Amazon, and now is actively investing in and advising some amazing technology startups

Glenn has been a Director of SaaS for Atlassian and was the 120 employee to join the team. He was the VP of Engineering at Brandscrean. He was a Senior Manager at Amazon and founded Amazon’s software engineering capabilities here in Sydney. He is also one of our investors and is a trusted advisor to our investment committee.

Glenn Butcher - The Lead Investor Podcast E13P1 - Quote
  • Right person, wrong circumstances – what’s the take away from this failure. Right Person, right circumstances, look at what they have learnt!
  • Atlassian in the early days and their development of into SaaS market.
  • There is a perception of overnight success in the startup word. This is never the case. Often startups have been around for many years before they reach the limelight.
E12P4 Ricky Sutton - The Lead Investor Podcast

Ricky Sutton on Artificial Intelligence (Episode 12, Part 4)

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The Story

The team at Oovvuu had no intention at their inception, of becoming a technology company and building artificial intelligence (AI). What they have built is a poster child for IBM as it is helping to teach IBM how to understand contextuality.

Oovvuu’s artificial intelligence (AI) technology is able to match video to published text on a contextual basis. They are training / teaching their AI to learn which videos match the content of hundreds of thousands of  articles published a day.

The Lead Investor Podcast - E12P4 - Ricky Sutton
  • How Oovvuu never set out to build artificial intelligence but how AI evolved.
  • Oovvuu selecting the right investors who understood their technology is critical to the investment theses.  
  • Other large companies can find it hard to take down the incumbents because they are too big and not agile enough, to out manoeuvre.
  • Australia is very well positioned to create new products that can acquire customers in emerging markets, where there is a blue ocean of opportunity
Ricky Sutton Cover E12P3 - The Lead Investor Podcast

Ricky Sutton on the accountability of social media (Episode 12, Part 3)

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The Story

Ricky Sutton is passionate about ensuring that large technology corporations like Facebook, Twitter and Google are held accountable for inappropriate media content being advertised on their sites.

Extremest content continues to appear on Facebook and Google. They have accepted funding from terrorist organisations for sophisticated marketing and advertising campaigns. Yet both organisations continue to hold their hands up in the air and claimed that they can not be held responsible or accountable.

Have you ever considered what a technology led future without a social conscious might look like? Should recruitment for terrorist organisations be part of our daily new feed? Is “fake” news the way of the future?

E12P3 Ricky Sutton Quote - The Lead Investor Podcast
  • Are technology giants responsible for their sites content?
  • Should Cambridge Analytica and data breaches be an everyday occurance?
  • Sophisticated advertising campaigns means that Google and Facebook are accepting funding from terrorist organisations from around the world.
  • Technology giants inability to monitor website content has huge social implications and creates more problems.

Ricky Sutton on Oovvuu’s fight to restore traditional media (Episode 12, Part 2)

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The Story

Ricky Sutton is CEO of Oovvuu. He is a journalist turned video entrepreneur. He began his career as a reporter, working his way up through management ranks of national publications in the UK and Australia, such as The News of the World, News International Ltd, News Corp, Channel Nine and Fairfax.

Around four years ago he left fairfax to launch Oovvuu, a global solution used by 100 broadcasters and publishers worldwide. Oovvuu’s mission is to embed a contextually relevant video in every article in the world, using new technology and AI. The company is supported by Amazon and IBM Watson and private equity.

  • Traditional media is looking $20 billion to social media platforms like Facebook, Twitter and Google.
  • As media organisations struggle to maintain advertising revenues, news and editorial teams are shrinking and the quality of journalism is being challenged.
  • Video creation is soaring, with viewing at an all-time high.
  • Traditional media needs to create new revenue sources.
  • Oovvuu’s technology intends to put a contextually relevant video in every newspaper article around the world.

Ricky Sutton on overcoming adversity to build a successful Startup (Episode 12, Part 1)

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The Story

Ricky Sutton is CEO of Oovvuu. He is a journalist turned video entrepreneur. He began his career as a reporter, working his way up through management ranks of national publications in the UK and Australia, such as The News of the World, News International Ltd, News Corp, Channel Nine and Fairfax.

Around four years ago he left fairfax to launch Oovvuu, a global solution used by 100 broadcasters and publishers worldwide. Oovvuu’s mission is to embed a contextually relevant video in every article in the world, using new technology and AI. The company is supported by Amazon and IBM Watson and private equity.

  • The challenges faced by a founder in leaving a C-Suite role and going out on your own with no steady pay cheque.
  • Having a founding team in their 40’s has it advantages of experience, bruises, scars and thick skin than being in your 20’s.
  • The frustrations of working for big business and their inability to innovate and change with speed.
Lead Investor Podcast E11P4 Chris Sang on the benefits of a Pivot

Chris Sang on the benefits to a pivot (Episode 11, Part 4)

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The Story

Chris Sang is a Startup CEO, CTO, Advisory Board Member, Angel Investor and Angel Syndicate Lead. Chris began his career within IT and equities trading, working for major financial institution and insurance corporations here in Australia.

Since 2014, he has become a leading Angel investor in Australia and internationally. He has invested in over 70 Startups across B2C, B2B, AI, IOT, cryptocurrancy, esports and enterprise software.

He has the rare combination of technology development, product management, financial markets and startup investment across Australia and USA.

Lead Investor Podcast - E11P4 - Benefits to a pivot
  • Have you ever considered what might happen if you invest in a company and then the founders realise they need to pivot the business into something different? How would you handle that?
  • Even if there is a level of product-market fit, it is highly likely that within a portfolio of 10+ startup investments, at least a few of them will need to pivot or die.
  • Ultimately, to be a great startup investor, whether as an angel or a VC fund manager, it’s all about gaining access to the best founders and startups.