Dave McClure on startup investing

You might have seen that Dave McClure who has been making seed investments in the US for the Founders Fund and the Facebook Fund over the last twelve months has recently raised his own fund.  In this interview with GigaOM he talks about the sort of things he likes to see in startups and his philosophy on investment.  There is a lot of good stuff here.  If you are running a consumer internet company or are looking to better understand the characteristics of a good one then it is well worth ten minutes of your time.  I don’t watch many videos of this length, but I stayed with this one until the end.