How LP Deployment to Venture Will Change in 2025 & Are Endowment Funds in Trouble?
117Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others.
Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more.
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In Today’s Episode We Discuss:
00:00 Intro
01:08 Breaking Down the $3BN Windsurf Acquisition
02:47 Why Sam Altman is Playing a Master Game
09:46 Why Multi-Stage Funds are Destroying Seed Managers
34:02 Are Endowment Funds F****
37:10 What Would Rory Do If He Was CFO of an Ivy League Endowment Fund
43:48 The Denominator Effect and It’s Impact on Venture Allocations
50:18 Why Revenue Multiple is BS & What You Need to Know
52:27 The Rise of AI Rollup Plays & Are They Good Businesses
56:47 Competitive Markets: How to Make Money in Them?
01:09:12 Why If You Can Guarantee 5x, You Should Always Do the Deal
01:15:02 Is SF The Only Place to Be Building Today
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