Dave Munichiello
General Partner, GV
Bio
GV General Partner Dave Munichiello leads the firm’s digital investing team, spanning its consumer, enterprise, and frontier practice areas. He prioritizes time spent building long-term relationships with technologists who peak in curiosity, drive, and vision. “Our partnership conversations center not around deals or funding rounds, but around the highest-potential humans we meet each week,” he explains. “We seek out the most curious and impactful people across tech – and then build long-lasting relationships of trust and respect.”
Key Quotes
On being open/vulnerable about challenges faced:
- "Sometimes when entrepreneurs come in and pitch us, they can appear bulletproof. They can say, 'I'm the smartest person in this space. I've never made a mistake. And we're gonna be huge and you're about to miss out on this big opportunity.' It feels egotistical — it feels out of touch. And as somebody who's seen all of the challenges of startup world, and all of the risks and that every day is either a huge high or a huge low, it just doesn't feel real,"
- It's a bad sign if a founder walks out of the room and Munichiello feels like he doesn't have a sense of who they are.
Looks at investing as testing a hypothesis posed by a business:
- "The reason we're investing isn't some arbitrage where we think we can make a lot of money based on something we know that nobody else knows. The reason we're investing is because we're also curious about those tests and we want to see what the results of those tests are. Sometimes we invest in a company and those tests all come back negative and our hypotheses were wrong. But really good entrepreneurs are able to see that ahead of time and have that conversation in a vulnerable way,"
- "Stewart is a fantastic CEO and he refocused the conversation to the metrics he cares about as a CEO. He said, 'Look at how fast our user adoption is growing. Look at how much time our users spend on the Slack platform and look at this wall of love that I have. Look at how many people are so passionate about this thing.Yes, we are charging this small group of people and they are willing to pay a tremendous amount. But look at all these other people who are willing to pay as well and we think we can monetize that in the future. But let's continue to create something that people will love."
Career
Captain
US Military
2002 - 2007
Management Consultant
Boston Consulting Group
2008 - 2008
Manager, Director, Senior Director
Kiva Systems
2009 - 2013
Senior Director
GV
2012 - 2013
General Partner
GV
2013 - Present
Background
- MBA, Harvard Business School
- B.S., Emory University (Math and Computer science)
Investments
Personal InvestmentsPartner Investments
- Bugsnag, Cockroach Labs, CoreOS, Determined AI, Jet, Lattice, Modular, Pixie Labs, Plaid, Redpanda, SambaNova Systems, Segment, Slack, Snorkel AI, Upbound, Wonder
Material about Dave
Articles
- A VC behind $5 billion Slack shares what it takes to convince him to write million dollar checks to startups looking for investors
- GitLab grew up in GitHub's shadow — now it's worth twice what Microsoft paid for its chief rival
- The 57 Tech Startups That VCs Say Will Boom in 2019
- Here is advice on surviving the funding crunch from Sonja Perkins of Broadway Angels, Dave Munichiello of GV (formerly Google Ventures), Sean Jacobsohn of Norwest Venture Partners and Sean Cunningham of Trident Capital Cybersecurity. - Silicon Valley Business Journal
- Readying For A Busy 2014, Google Ventures Adds Two New Investment Partners | TechCrunch
- A VC behind $5 billion Slack shares what it takes to convince him to write million dollar checks to startups looking for investors
- Pixie Labs: Emerging from Stealth to Make The Hard Things Easy for Developers
- Vectorized's Alex Gallego and Google's Kelsey Hightower on the Language of Operational Simplicity
- GV | GitLab’s IPO: On Culture, Tech, and Long-Term Thinking
- Gitlab CEO Sid Sijbrandij Shares His Blueprint for the Future of Work
- Lessons in Entrepreneurship from Stanford University's Chris Ré