EP 338: He's 28 Investing From $600 Million Fund, $4.2 Billion Under Management

Published: June 27, 2016, 9 a.m.

Michael Gilroy, a tech investor and partner with Canaan investment. Canaan\u2019s an early-stage venture firm with $4.2 billion of capital under management. Michael moved there when he realised he wanted to engage with the companies he was investing in. Listen in to hear the ins and outs of technology investment, just how Michael secured an investment deal with Bellhops, and why we should be working less.

Famous 5:

Favorite Book? \u2013 Fooling Some of the People All of the Time
What CEO do you follow? \u2014 Dan Ruch
Favorite online tool? \u2014 TD Ameritrade
Do you get 8 hours of sleep?\u2014No
If you could let your 20 year old self know one thing, what would it be? \u2014 Try to work less and be in the moment more

Time Stamped Show Notes:
01:02 \u2013 Nathan\u2019s introduction
02:00 \u2013 Welcoming Michael to the show
02:24 \u2013 Michael started his career working with M&A and private capital investment in Silicon Valley
02:50 \u2013 He was involved in the 2012 Oracle deal
03:58 \u2013 How did Michael get into technology investment?
04:28 \u2013 \u201cI had no idea what I wanted to be when I grew up\u201d
04:50 \u2013 \u201cYou genuinely have to be passionate about investment banking...you see a lot of people churn out\u201d
05:25 \u2013 Michael worked at GCA for 5 years in New York
06:39 \u2013 \u201cThe great thing about venture capital is that when you invest, that\u2019s just the start of the deal\u201d
07:35 \u2013 Canaan is an early-stage investor - meaning that they support the companies they invest in
09:30 \u2013 What are the roles in a venture firm? And what\u2019s Michael\u2019s next step?
10:29 \u2013 How can Michael move up the ranks at Canaan?
11:28 \u2013 How do you bring in companies like Bellhops for investment?
11:40 \u2013 \u201cIt\u2019s all about your network...And it\u2019s important to go deep on a couple of different verticals. You can\u2019t do everything\u201d
13:08 \u2013 Michael\u2019s looking to start making fintech deals
13:30 \u2013 Connect with Michael on Twitter
15:15 \u2013 The Famous Five


3 Key Points:
Work less. Enjoy life.
Making good deals and bringing value to a company is all about your network. Nurture solid relationships with the people around you.
If you\u2019re looking for early-stage investors, find a partner investor who\u2019ll bring more than just money to the table. You\u2019re building a long-term relationship!
Resources Mentioned:
Host Gator \u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

Show Notes provided by Mallard Creatives

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