Creating Leverage with Speed - Jeff Morris Jr. - Chapter One - Episode #83
How do you know if a company is actually building momentum, or just looking polished on the surface? In this episode of Not Another CEO Podcast, David sits down with Jeff Morris Jr., Founder and General Partner at Chapter One, to break down what truly matters at the earliest stages of building a company. Jeff invests at pre-seed and seed, where ambiguity is high, data is limited, and speed of learning is often the only real signal. Before becoming an investor, Jeff was an early product leader at Tinder, helping scale the product to hundreds of millions of users, an experience that deeply shapes how he evaluates founders today.
Jeff shares how he thinks about product velocity, founder self-awareness, team dynamics, and why the individual partner matters far more than the firm logo. This conversation is a masterclass for CEOs building from zero to one and choosing who they want in the trenches with them.
Takeaways:
- Product Velocity Matters: Jeff emphasizes the importance of product velocity, especially in the early stages of a startup. He explains that founders need to run numerous experiments to achieve product-market fit, often partnering with technical leaders to accelerate this process.
- Building the Right Team: According to Jeff, a strong indication of a founder's potential is their ability to attract a talented team. He believes that successful founders often draw in colleagues from their previous ventures, creating a "band" that's been together through various challenges.
- The Sales Dilemma: Founders with technical expertise often lack strong sales skills. Jeff looks for self-awareness in founders, assessing if they can identify their weaknesses and augment them with the right partners or co-founders.
- The Importance of Early Impressions: First impressions are crucial in the VC world. Jeff and David both agree that initial meetings often determine whether an investor leans in. Founders should craft a compelling story and use the first few minutes to capture interest.
- Aligning with the Right Investor: For Jeff, investing is akin to a decade-long partnership. He advises founders to seek investors who align with their vision and are genuinely interested in their success, rather than just providing capital.
- Preparation and Self-Awareness: Founders need to be brutally honest about their strengths and weaknesses. Jeff advises preparing thoroughly before meeting investors and leveraging one's unique strengths while addressing weaknesses to form a complete leadership package.
Quote of the Show:
- “We talk a lot about product velocity being the most critical metric we look for." - Jeff Morris Jr.
Links:
- LinkedIn: https://www.linkedin.com/in/jeffmorrisjr/
- Website: https://chapterone.com/
Ways to Tune In:
- Substack: https://notanotherceo.substack.com/
- Spotify: https://open.spotify.com/show/1NQ9oAB2XKlgWeL8iEQXg0
- Apple Podcasts: https://podcasts.apple.com/us/podcast/not-another-ceo-podcast/id1751581707
- YouTube: https://www.youtube.com/@NotAnotherCEOPodcast
- Transistor: https://podcast.notanotherceo.com/
#NotAnotherCEO #BusinessSuccess #ChapterOne
Chapters:
00:00 Intro
01:10 Key Metrics for Early-Stage Investments
02:37 Assessing Founders and Teams
07:51 The Importance of Self-Awareness in Founders
10:38 The Founder-Investor Relationship
14:34 Navigating the Venture Capital Landscape
19:12 The Dynamics of Fundraising
27:36 The Current Investment Climate
41:44 Jeff Morris, Jr.'s Journey to Venture Capital
44:39 Outro
Creators and Guests
