Image: Elaine Stead. Photography: Steve Pohlner
Elaine Stead ( @elainestead ) is a Venture Capitalist, and is the Head of Blue Sky’s VC division.
Elaine is not your traditional VC (the Patagonia vest wearing kind), but an embodiment of the new generation of young VC’s entering the game - former entrepreneurs with a nous and passion for technology and teams.
You’ll discover that Elaine is unique in her understanding of the “game” that is venture capitalism, and has built an offering at Blue Sky that provides Australian entrepreneurs with rare access to Asia and the Americas.
She is open and incredibly sharp with her wit (trust me, you should follow her on Twitter for the travel tales). But Elaine also displays incredible awareness and emotional intelligence - only attributes that could be fostered by her unique upbringing and career.
You’ve probably heard Elaine articulate gems about what it takes to build a companies in many interviews now, So I hope that we’ve been able to capture a snapshot of her united theory of entrepreneurship for you.
Key topics covered:
The most ridiculous travelling situation she’s experienced
Lessons learnt from her parents, multiculturalism and growing up
Key principles that guide Elaine’s life
Using radical transparency
Dealing with dark periods
The 10 year rule for entrepreneurs
Introducing the next gen of VC’s
Is Australia late to the party?
What is the defining feature of a startup’s success?
Enjoy the episode,
Jordan & Lauren
05:34 - The most ridiculous travelling situation she’s experienced
08:54 - Earliest memory of her childhood
12:35 - Lessons learnt from her parents, multiculturalism and growing up
20:53 - Key principles that guide Elaine’s life
22:58 - Using radical transparency
27:49 - Dealing with dark periods
31:43 - The 10 year rule for entrepreneurs
36:00 - Introducing the next gen of VC’s
46:12 - Is Australia late to the party?
50:30 - What is the defining feature of a startup’s success?
54:58 - What Elaine is reading currently
01:01:48 - Morning & evening rituals
01:04:07 - If she could do a TED talk on any area outside of VC and health science
01:05:10 - What seems obvious to her but not to others?
01:06:30 - Starting over again with nothing, what would she do differently?
01:09:32 - If she could have a billboard anywhere
Select things mentioned in the episode
The State of Affairs: Rethinking Infidelity by Esther Perel
What Happened by Hillary Rodham Clinton
Phenomena by Annie Jacobsen
Shoedog by Phil Knight
Tools of Titans by Tim Ferriss