Home Venture Capital 20VC: NEW FORMAT: Mega Funds Will Come Again, Why Markups Have Corrupted VC, Why RIFs Ought to All the time Be An Embarrassment To SaaS Founders and Why Pitching is BS and Faux with Jason Lemkin and Rick Zullo

20VC: NEW FORMAT: Mega Funds Will Come Again, Why Markups Have Corrupted VC, Why RIFs Ought to All the time Be An Embarrassment To SaaS Founders and Why Pitching is BS and Faux with Jason Lemkin and Rick Zullo

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20VC: NEW FORMAT: Mega Funds Will Come Again, Why Markups Have Corrupted VC, Why RIFs Ought to All the time Be An Embarrassment To SaaS Founders and Why Pitching is BS and Faux with Jason Lemkin and Rick Zullo

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Posted on twenty third August 2023 by Harry

Jason Lemkin is the Founder @ SaaStr one of many best-performing early-stage enterprise funds centered on SaaS. Previously, Jason has led investments in Algolia, Pipedrive, Salesloft, TalkDesk, and RevenueCat to call a couple of. Previous to SaaStr, Jason was an entrepreneur, promoting EchoSign to Adobe for $100M the place it’s now a $250M ARR product.

Rick Zullo is the Co-Founder and Basic Companion at Equal Ventures. Previous to co-founding Equal Ventures, Rick was an investor at Lightbank, Previous to Lightbank, Rick labored with funding companies Basis Capital, Bowery Capital, and Lightview Capital.

In As we speak’s Episode We Talk about:

1. Why Enterprise Capital Wants It’s Jerry Maguire Second:

  • Why does Rick consider that VC wants it’s “Jerry Maguire” second?
  • What wants to vary? What wants to remain the identical?
  • Why does Jason consider we are going to see much more mega funds in 2024 and 2025?

2. Unicorns are So 2019:

  • Why does Jason consider that “unicorn investing is usually useless for larger funds and none of them are on the lookout for a $1BN consequence anymore?”
  • Why does Rick consider that multi-stage fund investing at seed merely doesn’t make sense?
  • What does Rick consider many founders must know after they take multi-stage cash at seed?
  • Of the over 1,000 unicorns created over the previous few years, what number of of them do Rick and Jason really feel are literally unicorns immediately?

3. Effectivity and Progress: We Want it All:

  • Why does Jason consider, as a founder you ought to be embarrassed in the event you ever had a RIF (discount in power)?
  • Final 12 months many founders obtained a cross on development as they have been extra environment friendly. Is that cross over? Do they should get again to development?
  • What’s the single greatest motive that corporations don’t scale from seed to Collection A?
  • What occurs to the various corporations with years of runway however no product-market-fit?
  • Are we getting into a brand new age of environment friendly firm constructing or will we return to excessive burn environments and extreme spending?

4. Coming into the World of LPs:

  • If Jason and Rick have been to advise LPs immediately on how a lot to low cost the worth of their enterprise books, what recommendation would they offer?
  • How have markups utterly corrupted the enterprise ecosystem?
  • How does LPs being incentivized by paper-marks make the trade much more screwed?
  • What are the one greatest misalignments between GP and LP?

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