EUVC #240 Patrick Murphy, Tapestry VC

Published: Nov. 6, 2023, 5:30 a.m.

b'Today we have Patrick Murphy with us. Patrick is the co-founder and managing partner at Tapestry VC, a 50m$ seed stage venture fund backing technical and repeat founders across Europe & US. Tapestry VC has its team spread out across the UK and USA.

Tapestry VC are investing out of Fund II with a total 100m$ AUM and an established portfolio of over 40 companies and notable investments including Hopin, Pitch, Builder.ai, Nothing and Manna.

Chapters:
00:00:00 - Introduction of Patrick Murphy and Tapestry VC
00:02:40 - From Goldman Sachs to Venture Capital
00:04:51 - Reversing Investment and Taking Risks
00:07:15 - The Challenges of Merging with a Corporate VC
00:09:03 - The Importance of Stewardship in Early Stage Venture Capital
00:11:21 - Consumer Innovation and Next Generation Users
00:13:50 - The Rise of Gen AI in Revenue Growth
00:16:04 - Scaling Software and Hiring Globally
00:18:09 - The Benefits of Repeat Founders
00:19:53 - Unboxing the new headsets and their features
00:21:10 - Investing in Repeat Founders
00:23:04 - Building a Strong Network and Fostering Global Relationships
00:25:18 - The Reality of Repeat Founders and Dilution
00:27:18 - The Advantage of Experienced Founders
00:29:25 - Building with Serial Founders and High Velocity Talent
00:31:35 - The Value of Co-Investors and Check Sizes
00:33:32 - Adding Value through Syndicates
00:35:54 - Successful Co-investing and Building Trust
00:38:10 - Life is About Picking People
00:40:24 - The Importance of Distribution and Telling Your Story
00:42:36 - Cultural Differences in Pitching
00:44:54 - Pitching Skills in US vs European Investors
00:47:11 - Prioritizing Amazing and Ambitious People
00:49:38 - The Importance of Luck in Success'