Dayna Grayson recently chatted with Harry Stebbings for his latest podcast episode of The Twenty Minute VC. In the episode, they cover:
1) Path: How Dayna made her way from product design and engineering into the world of venture and came to be a Partner at NEA.
2.) Sourcing: How does Dayna approach the sourcing component of venture today? What does the deck filtering process look like to Dayna, prior to meeting? What has Dayna found works best in really building rapport in the first meetings? What does the conviction building process look like for Dayna from there? If negative, how has Dayna found is the most effective way to say no?
3.) Decision-Making: How does Dayna think about optimising the investment decision-making process? How does Dayna balance between data vs gut? Does NEA require unanimous decision-making? Why does Dayna believe that at A or earlier, the price really does not matter? When does price really become a big issue?
4.) Evolution of Expectations: How does Dayna believe entrepreneurial expectations of VC has changed over the last decade. Where does Dayna believe investors can really provide the most value? Which board member has been the most impressive to Dayna when sitting alongside them on the board? Why?
Items Mentioned in The Episode:
Dayna’s Fave Book: Dopesick: Dealers, Doctors and the Drug Company that Addicted America
Dayna's Most Recent Investment: WireWheel