In this interview I spoke with Gil Penchina, the largest AngelList syndicate lead and partner in a couple of other early stage VC firms about his concept of Object Oriented Capital and other points on how entreprenuers can work with Angel investors and Venture Capitalists.
Gil Penchina is a partner at IDG Ventures and Flight.vc which is the largest syndicate on AngelList, he is an investor in Linkedin, Paypal, Cruise Automotive, Dollar Shave Club, Hooked, Wealthfront, AngelList, Indiegogo, Fastly and many others. Gil is probably one of the most experienced angel investors around and was formerly the CEO of Wikia Inc. and the vice president and general manager, international at eBay.
Having been thru hundreds of investments Gil has a deep understanding and appreciation of the "terms" which dictate the relationship between investors and startups and recently published an article in TechCrunch introducing the concept of OOC (Object Oriented Capital) which opens up the term sheet negotiations for entrepreneurs.
Listen to this great conversation as he explains how startups can netogiate and set their own terms when raising funding.
We also discussed how he looks at ecommerce brands as investments and the relation between hardware and software in different stages of a company's evolution.
There are a few accelerators, angel investors and VC firms focused exclusively on retail as well and it's important for startups to find the right capital partners for their project.
You can reach Gil on Linkedin.
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