Meet Elaine Stead. Elaine is one of the brightest minds in Australian venture capital and her resume is impressive, to say the least. Originally trained as a stem cell biologist, Elaine holds a Phd in biochemistry from the University of Adelaide. She has since spent the last decade within the innovation and investment world, working in strategic management & consulting, with both NASDAQ and ASX listed companies, and eventually as the head of VC at Blue Sky.
We were excited to have Elaine on The Lead Investor show, and have the chance to pick her brain. In our conversation, we talked about the harsh realities of fundraising, discussed the approach Blue Sky takes to early-stage businesses and why the human element of angel investment is often the hardest to get right.
- How Elaine suffers from the ‘entrepreneur’s curse’, and why she wouldn’t have it any other way
- Why pitching requires thick skin
- Why raising money has some sadomasochistic elements to it
- The good and bad sides of being emotionally invested in the founders you back
- The value of having a team of generalists
- Silicon Valley TV Show