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Allin Summit 2022 - May 16 2022 - Mar Hershenson - Founder, Pear VC

May 16 2022

Mar Hershenson - Founder, Pear VC

  • Advised 100+ startups, $100B+
  • Works with just founders - Palmer Luckey, Melanie Perkins, Elon Musk
  • Founders are:
    • Risk takers
    • Resilient
    • Ambitious
    • Self motivated
    • Creative
    • 42% started a business in their childhood
    • Can be made
    • 37% are repeat founders
    • 59% of top unicorns are by repeat founders
  • Of every 10 companies they back:
    • 2 fail
    • 2 succeed
    • 6 can be influenced
  • Creating more successful entrepreneurs is about:
    • Attending Stanford - 10% of unicorn founders, 40% of AllIn speakers 🙂
      • Intrinsic - peers
      • Network - capital and opportunities
    • Paypal Mafia
    • Rappie mafia - 100+ companies by their alumni (based in Colombia)
  • Lean Launchpad - a class she teaches
    • 8 teams/year
    • 10 weeks
    • Should have no previous experience
    • Female founders
  • Lessons
    • Surround yourself by the best people and play up in life
    • Read a lot
    • Get a coach | peer group
    • Its about character building
    • Early founder intervention program

Q and A

  • Great moment
    • Mar: This is intimidating
    • JCal (without skipping a beat): Yes the 4 of us are terrified (him, Sacks, Chamath, Friedberg)
  • Have to choose people for the program so its already selective
  • Paypal mafia worked because they hired only friends of the founders
  • Paypal Mafia > Google Mafia
    • Because they need to learn failure
    • Googlers are soft
  • Friedberg’s keys to a successful founder
    • Grit
    • Bias to Action
    • Narrative
  • Chamath story
    • Steve Chen founder of YouTube wrote all his original code on a Facebook laptop

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