The Future of Venture Capital, w/ Sheel Tyle – [Invest Like the Best, EP.70]

My guest this week is Sheel Tyle, who at just 26 years old has already had a successful career in venture capital. His most recent stint was as the co-head of the seed investing business at NEA, the largest venture capital firm in the world, where Sheel was also a partner. Now, Sheel has set off on his own, setting up his own firm called Amplo and having recently raised a $100M venture fund where he is the sole general partner. He aims to invest with young, mission driven entrepreneurs with a global focus. As you can tell from this resume, which also includes a degree from Stanford and a law degree from Harvard, this is one ambitious guy.

 

There are several aspects of this conversation that will really stick with me, specifically his points on networking and the smartest decision that he’s seen entrepreneurs make. I also loved our discussion of some of the same trends we explored last week with Chris Dixon—topics like drones, automated cars, and blockchain, where Sheel often has a different take than the consensus.

Please enjoy my conversation on Africa, entrepreneurship, venture capital trends, technology, and more with Sheel Tyle.

 

Books Referenced

Originals: How Non-Conformists Move the World

 

Links Referenced

Andela

OneConcern

Andy Rachleff Podcast Episode

Mark43

TechCrunch

VentureBeat

Bill Draper (author)

 

 

Show Notes

2:20 – (First Question) Sheel’s upbringing and how it shaped his interest in Africa

 

4:43 – The outlook for Africa

 

6:10 – Primary differences in valuations and momentum in Africa vs opportunities in other places which Sheel conveys through the story of Andela

 

10:45 – The perspective returns of venture capital investments

 

15:16 – Does the hyperfroth in ICO’s serve as a threat to traditional venture capital

 

17:53 – Where Sheel falls on the importance of networking in terms of his venture capital interests

 

20:38 – The stronger impact of a smaller, more tight-knit network

 

22:46 – Sheel’s feelings on driverless cars and the timeline for this sector

 

27:17 – What are the positive side effects of driverless cars taking over

 

29:01 – What is the best way to invest in driverless cars from a venture capital standpoint

 

31:30 – Sheel’s overrated/underrated take on different technology spaces

31:30 – VR/AR

32:21 – Blockchain

32:54 – Machine learning/AI

33:41 – Drones

 

34:53 – Other categories that we should be thinking about

36:54 – OneConcern

 

38:21 – Should entrepreneurs be raising more money over future liquidity concerns of the venture capital markets

 

39:40 – What are the places that Sheel can help a founder in the early stage formation of the company

40:02 – Andy Rachleff Podcast Episode

 

42:53 – What does the breakdown of domestic vs international investments potentially look like in fund 1 for Sheel

 

44:53 – Sheel’s most memorable travel experience

 

47:34 – what is the best decision Sheel saw a founder make

48:10 – Mark43

 

50:31 – Resources for people interested in venture capital

51:06 – TechCrunch

51:07 – VentureBeat

51:17 – Bill Draper (author)

51:25 – Originals: How Non-Conformists Move the World