In Episode #166, Nathan speaks with Frank Meehan, the co-founder of Spark Lab Global Ventures a global early stage ventures capital firm. Listen as Nathan and Frank talk about how to effectively run a board meeting and the numbers of Spark Lab Global Ventures.
- Favorite Book?— Only the Paranoid Survive by Andrew S. Grove
- What CEO do you follow?— Mark Zuckerberg
- What is your favorite online tool?— Slack
- Do you get 8 hours of sleep?— No
- If you could let your 20 year old self know one thing, what would it be?— Be more ruthless.
Time Stamped Show Notes:
- 01:00 – Nathan’s introduction to today’s show.
- 01:42 – Frank joins the show.
- 01:52 – Frank left Horizons Ventures because he wanted to be more independent.
- 02:48 – Frank was involved in Spotify’s development team.
- 03:27 – Countries like Sweden, Israel, and Korea work hard but have to go global because the local market is limited.
- 04:35 – When it comes to boards, generally an entrepreneur doesn’t want to start with too many people on them.
- 05:17 – Frank gives general advice on managing a board.
- 06:50 – Talk to your board members individually before a board meeting and ensure it’s clear what’ll be discussed during the board meeting.
- 07:03 – Because of good planning by his partner, Frank’s never been surprised at a Spotify board meeting.
- 08:40 – Don’t be afraid to manage your board strongly. But do it before the board meeting.
- 09:03 – Spark Labs Global Ventures ran a fund of 30 million in 2014.
- 09:57 – A core strength of Spark Lab Global Ventures is scouting to the U.S. from Asia and vice versa.
- 10:56 – There’s a lot of investing going into Asia.
- 11:22 – SAAS companies transferred to Asia can get up to 30-40X on annual recurring revenue.
- 12:30 – Of the 30 million Sparks Labs Global Ventures raised, the company’s deployed about half of it.
- 13:43 – One of Frank’s businesses’ main pull is that it’s incredibly well connected – it can identify hot businesses quickly.
- 17:02 – Famous Five
3 Key Points:
- Don’t be afraid of managing your board strongly. Get every member up-to-date on what’ll be discussed clearly before a board meeting.
- SAAS companies can thrive in Asia, getting up to 30-40X on annual recurring revenue compared to being based in America.
- Core strengths of Spark Lab Global Ventures include being well connected and scouting to the U.S. from Asia and vice versa.
- Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
- Edgar – A tool Nathan uses to add pieces of content to a library and automate content distribution on media platforms.
- Spark Labs Global – Frank’s business
- @frank_meehan – Frank’s Twitter
- LinkedIn – Frank’s LinkedIn
- Mark Zuckerberg – CEO Frank follows
- Slack – Frank’s favorite online tool.
- Only the Paranoid Survive – Frank’s favorite business book.
- firstname.lastname@example.org – Frank’s email.
- email@example.com – Frank’s email
Frank Meehan is the co-founder of Spark Labs Global Ventures a global early stage ventures capital firm based in San Francisco, Korea, Singapore, Tel-Aviv, and London. Frank was previously with Horizon Ventures, where he served on the board of Spotify, Siri, Summly, Affectiva, and many others.
- Show Notes provided by Mallard Creatives