Elizabeth Yin of Hustle Fund on what is hustle

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DATE POSTED
December 2, 2021
WRITTEN BY
On today’s Tank Talk, we have a throwback episode with Elizabeth Yin , Co-Founder & General Partner of Hustle Fund . We spoke with Elizabeth in July of 2020 and covered her journey in leaving Google and starting LaunchBit, an ad-tech platform that she eventually sold to BuySellAds, and how she eventually made her way onto the investment side with 500 Startups. We dig into Elizabeth's time in running the 500 Startups Mountain View office and how she was able to select founders to back after reviewing over 20,000 pitch decks. Next, we discuss the reason she started Hustle fund with her partner Eric and what their mission is for the next 25 years. Finally, we ask Elizabeth to explain what hustle means to her as an early-stage investor and how she assesses hustle when meeting founders for the first and sometimes only time before deciding on backing them with a $25,000 investment. About Elizabeth Yin: Elizabeth is the co-founder and managing partner of Hustle Fund, an early-stage seed fund. Prior to Hustle, she was a partner at 500 Startups and ran their accelerator program. She founded LaunchBit in 2011, and started her career at Google. She completed her BS at Stanford and her MBA at Sloan/MIT. A word from our sponsor: Ripple Ventures is always focused on helping our founders and CEOs find the best partners to work with. But before we introduce any provider to our companies, we always make sure we try the product first. And when it comes to managing business expenses at Ripple, we were super excited when the team at Jeeves came knocking on our door. Jeeves helped get me and my team setup with physical and virtual credit cards in days. I was able to allow my teammates to expense items in multiple currencies allowing them to pay for anything, anywhere at any time. We weren’t asked for any personal guarantees or pay any setup or annual fees either. Not only does Jeeves save us time, but they also give us up to 3% cashback on our purchases including expenses like Google, Facebook or AWS every month. The best part,  Jeeves puts up the cash, and you settle up once every 30 days, unlike some other corporate card companies that make you pre-pay every month. Jeeves offers a truly all-in-one expense management corporate card program for international startups and we at Tank Talks could not be more excited to partner with them. Listeners of Tank Talks can get set up with a demo of Jeeves today and take advantage of a $700 discount and skip the waitlist  by visiting tryjeeves.com/tanktalks to learn more. In this episode we discuss: 02:28 Elizabeth’s journey to becoming a founder 04:58 What lead to the acquisition of LaunchBit 07:23 How Elizabeth got to 500 Startups and what their process was like there 11:32 The economics of accelerators vs. venture capital 14:53 Hustle Fund’s mission and why they launched 17:41 How Hustle Fund defines ‘hustle’ and is there such a thing as too much hustle 20:18 The difference between hustle and multitasking 21:10 Qualities in startup teams Elizabeth looks for 23:52 How Hustle fund supports founders and encourages them to not burnout 25:54 Hustle Fund’s investment strategy 27:42 Early lessons and changes from the pandemic Favorite Books: The Lean Startup The Hard Thing About Hard Things Predictable Revenue Elizabeth’s words of inspiration “Building a startup is tough, so make sure you dig deep and decide why you want to do it, besides the money, because it can really be your north star when moving through difficult times” Follow Matt Cohen  and Tank Talks  here! Podcast production support provided by Agentbee.Agency
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Elizabeth Yin of Hustle Fund on what is hustle

No items found.
DATE POSTED
December 2, 2021
WRITTEN BY