Episode Summary
Lylan Masterman is a Venture Capital Investor at White Star Capital and a Kauffman Fellow. Lylan shares helpful tips for selecting good board members as well as being a good board member yourself. At White Star Capital, Lylan focuses primarily on late Seed and Series A investments, but he does offer advice on how an entrepreneur can successfully navigate between Series A to Series B rounds. Listen in for more!
What Was Covered
- 04:05 - How did Lylan get started?
- 08:45 - You have to do your homework about the investors that you're pitching.
- 13:00 - How did Lylan become a Kauffman Fellow?
- 14:20 - Does Lylan have any advice on how to be a good board member?
- 19:00 - At Kauffman, Lylan learned how to best define your personal brand vs. your firm's brand.
- 21:10 - A nice person who isn't helpful is simply not all that valuable.
- 23:15 - What is White Star Capital?
- 24:15 - What are some of the differences about being a VC based in New York vs. San Francisco?
- 26:05 - How did Lylan get involved with the Dollar Shave Club?
- 28:25 - What makes a good pitch? The story behind the company.
- 30:25 - What are some of the thing that help someone get from Series A to Series B?
- 32:10 - What has your board of directors done for you lately?
- 33:35 - Lylan shares the formula for trust.
Tweetables
Be nice and helpful.
Time, effort and mental energy.
Have a personal brand that is memorable.
Quality of team more important the more money you raise.
Links Mentioned
J Robinett Enterprises
John Livesay Funding Strategist
Lylan Masterman Website
Lylan on LinkedIn
Dollar Shave Club Website
The Trusted Advisor by David Maister and Robert M. Galform
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