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Harry Stebbings

👤 Person
11883 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

So a lot of founders are told early on when they meet a big customer, like a McDonald's say, actually don't let it influence your product strategy. Don't be too concentrated in your customer dominance, whatever you want to call it. Would you say that's wrong advice?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

So a lot of founders are told early on when they meet a big customer, like a McDonald's say, actually don't let it influence your product strategy. Don't be too concentrated in your customer dominance, whatever you want to call it. Would you say that's wrong advice?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Okay. So we get this big contract from McDonald's in Spain, and then it expands to Italy. Where are we in our funding then? We've got 20 people or so at that point. When did we actually raise our first multiple millions?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Okay. So we get this big contract from McDonald's in Spain, and then it expands to Italy. Where are we in our funding then? We've got 20 people or so at that point. When did we actually raise our first multiple millions?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Okay. So we get this big contract from McDonald's in Spain, and then it expands to Italy. Where are we in our funding then? We've got 20 people or so at that point. When did we actually raise our first multiple millions?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Respectfully, what did they miss or what did you do wrong?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Respectfully, what did they miss or what did you do wrong?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Respectfully, what did they miss or what did you do wrong?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

What do you think of the European VC product at the early stage?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

What do you think of the European VC product at the early stage?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

What do you think of the European VC product at the early stage?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

I always say to founders, actually, it's one of the benefits of another benefit of working with like the owner of a firm or the principal of a firm. Is that no one's going to fire me if I do a bad deal in another firm. You do feel the pressure if you have not done great deals and people do get let go.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

I always say to founders, actually, it's one of the benefits of another benefit of working with like the owner of a firm or the principal of a firm. Is that no one's going to fire me if I do a bad deal in another firm. You do feel the pressure if you have not done great deals and people do get let go.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

I always say to founders, actually, it's one of the benefits of another benefit of working with like the owner of a firm or the principal of a firm. Is that no one's going to fire me if I do a bad deal in another firm. You do feel the pressure if you have not done great deals and people do get let go.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

And so they bring that animosity and concern to you, the founder, because Glovo is not doing well. And now my other partners are looking at me going, Glovo is not doing well. And we put in 10 million and that is not helpful to you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

And so they bring that animosity and concern to you, the founder, because Glovo is not doing well. And now my other partners are looking at me going, Glovo is not doing well. And we put in 10 million and that is not helpful to you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

And so they bring that animosity and concern to you, the founder, because Glovo is not doing well. And now my other partners are looking at me going, Glovo is not doing well. And we put in 10 million and that is not helpful to you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Do you think that European founders are aggressive enough? You are wonderfully talented, but you're also very humble and you are not a sales guy, no offense, and aggressively sales guy. Do you think Europeans lack that in a way that Americans are fucking amazing at it?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Do you think that European founders are aggressive enough? You are wonderfully talented, but you're also very humble and you are not a sales guy, no offense, and aggressively sales guy. Do you think Europeans lack that in a way that Americans are fucking amazing at it?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo

Do you think that European founders are aggressive enough? You are wonderfully talented, but you're also very humble and you are not a sales guy, no offense, and aggressively sales guy. Do you think Europeans lack that in a way that Americans are fucking amazing at it?