Roundtable #5 with Jack Altman, Auren Hoffman, Jason Lemkin, Harry Stebbings | E1077
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Jack Altman is the Founder and CEO @ Lattice, the #1 people management platform, last valued at $3BN. Jack is an investor through his founding of Jack Altman Capital where he has invested in WorkOS, NexHealth, Owner.com, Mercury and more.
Auren Hoffman is the Founder and CEO @ Safegraph, the most accurate database of global points of interest, last valued at $550M. Auren is an investor through his founding of Flex Capital where he has invested in Chime, Checkr, Coinbase, Flexport, Vercel and more.
Jason Lemkin is the Founder and CEO @ SaaStr, the world’s largest SaaS community. Jason is an investor through his founding of The SaaStr Fund. In the past, Jason has invested in Pipedrive, Algolia, Salesloft, Front, GreenHouse, Owner.com, Gorgias and more.
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(00:00) Intro
(02:15) Founder Dynamics
(13:14) Operational Experience and Investment Acumen
(23:09) Venture Capital and Investor Roles
(34:12) LPs and Investment Innovation
(36:14) Side Projects and Team Dynamics
(42:39) Retention and Company Culture
(44:47) Scaling and Fund Management
(58:36) The Bet
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In Today’s Episode We Discuss:
Why have we seen the rise of “Founder-led Funds”?
Are founder-led funds more empathetic to the founders they invest in?
How do founder-led funds source and pick investments in a way that traditional VC does not?
Will we see founder-led Funds truly compete against the Sequoias of the world?
How does being an operator make you a better investor?
How does investing help you be a better founder and operator?
How do you communicate your investing practice and firm to your company and team?
What are the biggest excitements and concerns LPs have for Founder-led Funds?
Will we see the face of venture changing much more broadly and structurally?
How do founder led funds manage both time and company conflicts?
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