At the 13th Founder Showcase, newly minted VC Keith Rabois spoke on the current state of funding and his new role at Khosla Ventures. Interviewed by Eric Eldon of TechCrunch, Rabois proclaimed we are currently experiencing a talent crunch - a fragmentation of talent which leads to mediocre companies. Arguing that just because capital is readily available doesn’t mean entrepreneurs should be starting companies left and right.
Keith Rabois joined Khosla in March 2013. He served as the COO at Square from 2010 until January 2013, where he lead the company’s business operations. He specializes in transforming early-stage startups into successful businesses and has deep expertise in the financial services industry and government affairs. An accomplished executive, entrepreneur and angel investor, Keith began his career with leadership roles at PayPal, LinkedIn.
“If capital is too easily available,” he says, “you have a suboptimal number of successful companies.” Fragmenting talent hurts the industry. Instead, entrepreneurs should work together to create game changing entities.
The 14th Edition of the Founder Showcase is coming up on Wednesday, July 17th in Mountain View. The event will feature a series of "How-To" Workshops led by Phil Libin, Nir Eyal , and Joe Abraham. Get your tickets today.