E107 - Dan Krasnostein, Square Peg Capital

Open the Pod Bay Doors

About Dan

Dan Krasnostein is an Investment Partner at Square Peg Capital. A Melbourne native, Dan spent the early days of his career working in strategy at Seek before joining Square Peg in 2012 as the first non-founder hire. He spent a few years working for Square Peg in Melbourne before relocating to Tel Aviv where he spent 6 years growing Square Peg's business in Israel. Square Peg has deployed over $140M in Israel across 13 companies, including Fiverr, Aidoc, Feedvisor and Puresec.

In this chat with Phaedon, Dan shares...

• His advice for entrepreneurs - work hard building your network and never stop talking about your idea
• Key differences between the startup ecosystem in Israel vs. Australia
• How the fear of failure is holding Aussie founders back
• Why speed in shipping product, hiring, executing, following up and more is such a big advantage in a competitive world
• What can be learned from Israeli startups that are global from day 1
• Why arguments are healthy but grudges are not

Recommendations

• Book: Breath: The New Science of a Lost Art
• Podcast: Invest Like the Best
• News Source: LinkedIn
• Best Holiday Location: Frasier Island & Italy
• Favourite Founder/CEO: Brian Chesky of Airbnb
• Productivity Tool: Krisp
• Ted Talk Topic: Managing hotel quarantine with three kids

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Innovation Bay is holding AI and health tech-focused pitch events this May for Horizon, our community of experienced angel investors. If you are the founder of an AI or health tech startup looking to network with angels who can offer advice, connections and capital, apply to pitch here: https://bit.ly/PitchHorizonMay

Women-led startups in Victoria, apply to connect with Horizon: https://bit.ly/VictorianFemaleFounders

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