Is DPI The Only Thing That Matters? with Sam Lessin, Jason Lemkin & Rory O’Driscoll
106Rory 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.
Sam Lessin is a Partner at Slow Ventures, where he has backed breakout companies like Robinhood, Airtable, Ro and Solugen. Previously, he was VP of Product at Facebook, where he led core product and identity. He also founded Drop.io, which was acquired by Facebook.
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In Today’s Episode We Discuss:
00:00 Intro
00:54 TVPI Is Bullshit?
08:06 Mid-Tier VC Funds Are Getting Annihilated
14:55 The Impact of Mega Funds on Startups
24:37 The War on Relevance: What Companies Truly Matter?
38:25 Mary Meeker’s AI Report: What Everyone Missed
40:31 $600B in AI CapEx - Where Is the Revenue?!
53:34 The Existential Dread Missing in Most B2B Startups
01:04:24 IPO Market Is Back: What Actually Matters Now?
01:09:32 YC Startups at $60M Valuations: How Should You Play It?
01:13:34 Why 3% Ownership Could Still Work—Maybe
01:17:39 Kalshi Quick-Fire Round
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