Operators said

Fundraising & investors

Ganesan looks for founders who can explain very complex concepts simply and show real insight, a lesson he draws from passing on Sean Parker's early pitch. Listen

As a young Plaxo board member, Ganesan declined even to take a meeting when Sean Parker, who had just been removed from that board, invited him to get involved with a 'college dropout'. Ganesan said he probably could have written a $50,000 check into a roughly million-dollar seed round. He said Parker understood virality, network effects and human behavior and could boil them down simply, and that this is now his rule of thumb for founders.

“I'm always looking for people who are incredibly good at communicating very complex concepts in a simple manner and just have insight.”

From 20VC: Is Seed Investing Dead Without a $1BN Fund? | Does Ownership and Price Matter When Companies Can Be $1TRN Exits | Are AI Revenue Numbers Real and What to Watch Out For with Venky Ganesan, Menlo Ventures.