Key Moments

Ann Miura Ko Interview | The Tim Ferriss Show (Podcast)

Tim FerrissTim Ferriss
Howto & Style3 min read145 min video
Sep 14, 2018|8,363 views|111|11
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TL;DR

From shyness to a world-class debater and investor, Ann Miura-Ko shares her journey of facing fears and embracing challenges.

Key Insights

1

Overcoming shyness and introversion required deliberate practice and a deep love for competition and intellectual engagement.

2

Defining 'world-class' involves outworking and outpreparing others, focusing on mastery rather than just participation.

3

Venture capital and entrepreneurship require understanding human dynamics, category creation, and a first-principles approach to problem-solving.

4

Intelligent growth in startups means focusing on sustainable, capital-efficient development rather than inflated metrics.

5

Life is not a debate; the goal is to achieve outcomes and build bridges through empathy, not to win arguments.

6

Mentorship and intellectual curiosity are key drivers of opportunity, as demonstrated by unexpected encounters and invaluable guidance.

OVERCOMING SHYNESS THROUGH COMPETITION

Ann Miura-Ko discusses her journey from being painfully shy to becoming a formidable debater. Initially introverted and hesitant to speak publicly, she found an outlet in speech and debate in high school. Despite early struggles and a losing record, her passion for competition and the intellectual challenge kept her engaged. This activity taught her the importance of preparation and facing fears, laying the groundwork for her future success.

THE POWER OF 'WORLD-CLASS' EFFORT

The concept of being 'world-class' was deeply ingrained by her father, who continuously challenged her to produce her best work, even in mundane tasks like photocopying. Miura-Ko learned that 'world-class' effort is not about the task's perceived importance but about taking ownership and striving for excellence in every detail. This mindset was crucial in shaping her approach to challenges, from academics to professional endeavors.

NAVIGATING CAREER PATHS AND FINDING PASSION

Miura-Ko details her exploration of various career paths, including aspiring to be a doctor, before realizing her true passions lay elsewhere. Her experience in a pre-med track and the realization that she disliked hospitals led her to pivot. This illustrates her self-awareness and willingness to step off predictable, well-trodden paths, even with significant investment in them, to pursue roles where she could genuinely excel and be fulfilled.

ENTREPRENEURSHIP, VENTURE CAPITAL, AND CATEGORY CREATION

Growing up in Palo Alto exposed Miura-Ko to the startup ecosystem. Her entry into venture capital was facilitated by her technical background and a mentor who valued intellectual curiosity. She emphasizes that success in this field involves understanding people dynamics, technical insights, and the art of category creation, a skill she learned from her partner, Mike Maples Jr. This involves not just building a product but strategically shaping a market.

INTELLIGENT GROWTH AND STRATEGIC DECISION-MAKING

Miura-Ko advocates for 'intelligent growth' in startups, contrasting it with unsustainable, growth-at-all-costs approaches. She highlights the importance of capital efficiency and building genuine value before aggressively pursuing market share. This involves tough decisions about focus, talent, and differentiating between a winning strategy and a defensive 'not to lose' strategy, which often involves hedging and a lack of clear direction.

THE 'THUNDER LIZARD' AND FUTURE INNOVATION

The term 'thunder lizard,' inspired by Godzilla, represents disruptive entrepreneurs who fundamentally alter industries. Miura-Ko looks for these individuals, particularly in areas like AI and enterprise software, where she sees potential for significant disruption. She believes that technology can solve major societal problems and is excited about the creative energy and intellectual abundance of the current era, fostering innovation in fields ranging from autonomous vehicles to addressing environmental challenges.

Common Questions

Ann Miura-Ko joined her high school's Speech and Debate team, despite being painfully shy. She initially struggled, not winning any tournaments in her first two years, but persistence and extensive preparation by studying topics and living in the library ultimately led to her success in junior year.

Topics

Mentioned in this video

People
Mike Maples Jr.

Ann Miura-Ko's partner at Floodgate, described as an 'incredible marketer' with a 'mad genius' for storytelling, positioning, and category creation. He proposed starting Floodgate after observing Ann.

Ramesh Johari

A Stanford professor around Ann Miura-Ko's age, whom she recognized as being 'world-class' in academia, highlighting her own self-assessment that she wouldn't be as great in that field.

Khaled Hosseini

The author of 'The Kite Runner' and 'A Thousand Splendid Suns', whose fiction is praised for its beauty and for providing insight into Afghanistan's history and women's roles.

George H.W. Bush

Dean Allan Bromley of Yale's engineering department, who was Ann Miura-Ko's boss, had worked under George Bush Senior.

E.L. Doctorow

A modern American literature author whom Ann Miura-Ko was reading during the period of her interview with Ted Dintersmith.

Lou Platt

The then-CEO of Hewlett-Packard (HP) in 1997 who invited Ann Miura-Ko to shadow him during her spring break at Yale. He exemplified incredible mentorship.

Lisa Brennan-Jobs

Ann Miura-Ko's debate team member, who was later revealed to be Steve Jobs' daughter.

Ted Dintersmith

A venture capitalist who interviewed Ann Miura-Ko in an unconventional style, focusing on her interests in books and music, and later became her mentor. He also wrote a book called 'What School Could Be'.

Steve Jobs

The founder of Apple, whose daughter, Lisa Brennan-Jobs, was on Ann Miura-Ko's debate team. He 'appeared out of nowhere' at his daughter's house.

John Rawls

A modern philosopher whose writings on justice, presented as dialogue and logical debate, Ann found very informative for understanding how people argue philosophical constructs.

Bill Gates

He came to Hewlett-Packard to make an announcement about Dot Net, an event Ann Miura-Ko witnessed while shadowing Lou Platt.

Companies
Kleiner Perkins

A well-known venture capital firm, mentioned by mentors as an alternative for Ann to join as an associate instead of a 'no-name VC' like Floodgate.

Founders Fund

A venture capital firm that invested in Lyft after the company had proven real traction with its product.

Refinery29

A company Ann Miura-Ko invested in.

ModCloth

A company Ann Miura-Ko invested in.

Floodgate

The venture capital firm co-founded by Ann Miura-Ko, which she joined after Mike Maples Jr. invited her to start a fund. The firm's name signifies being at the 'headwaters of innovation'.

Lyft

A company Ann Miura-Ko invested in, cited as an example of 'intelligent growth' due to its early discipline and focus on product-market fit with Zimride before scaling.

Charles River Ventures

Ann Miura-Ko worked at Charles River Ventures (CRV) prior to co-founding Floodgate, where she learned important lessons about venture capital cycles and partnership with entrepreneurs.

IBM

A company where a friend of Ann Miura-Ko's father worked in a great lab.

McKinsey & Company

Ann Miura-Ko worked at McKinsey & Company as a consultant for three years after college.

Accel

A notable venture capital firm, mentioned by mentors as an alternative for Ann to join as an associate instead of a 'no-name VC' like Floodgate.

Zimride

A carpooling platform that Lyft's founders worked on for two-and-a-half years, understanding the need for density before launching Lyft itself.

Oracle Corporation

An enterprise software company whose products are critiqued for not being intelligent enough, as CFOs still need to manually create budgets.

Toshiba

One of the great companies in Japan where Ann Miura-Ko's father worked after graduating from Tokyo University.

Hewlett Packard

The company for which Lou Platt was CEO in 1997, where Ann Miura-Ko shadowed him during spring break, witnessing an announcement with Bill Gates.

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