What Does it Take to Be Good at Series A and B Today?
76Rory O’Driscoll is a General Partner at 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.
Fabrice Grinda is the Founding Partner at FJ Labs and one of the most prolific angel investors in the world, with a portfolio including Alibaba, Delivery Hero, Flexport, Revolut, Airbnb, and hundreds more.
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In Today’s Episode We Discuss:
00:00 Intro
00:31 Why The Risk Lever Has Been Turned Higher than Ever in VC
02:52 Why IRR is the Hardest Thing to Control
03:29 Is Lack of Liquidity Short Term Temporary or Long Term Structural
11:44 Why Fund Returners Are Not Good Enough Anymore
16:01 Sequoia: The Best Strategy at the Worst Time
27:13 What it Takes to be Good at Series A and B Today
35:47 Only Three Company Types Survive AI
44:08 ServiceNow: 25% Pop, WTF Happened
48:35 Palantir and SAP Ripping: Do Incumbents Win AI
52:33 Are Benchmark Wrong to Invest in Chinese Made Manus
01:05:19 Geopolitical Risks in Investments
01:17:07 European vs. US Tech Culture
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