Accel, every mention
45 scenes (2021), the whole family · ← back to Accel
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every year 2021 anyone Harry Stebbings 293Jason Lemkin 18Hussein Kanji 17Sonali De Rycker 9Scott Farquhar 8Rich Wong 7Jim Swartz 7Vlad Magdalin 6Paul Martino 6Miles Clements 6
Verbatim, from the transcripts: the passages where Accel comes up
20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
- ▶ 0:01 Harry Stebbings This is TwentyVC with me, Harry Stebbings, and you might remember last month we did a show with Arthur Patterson and Jim Schwartz at Excel, where they analysed how today compared to the booms and busts of the eighties.
20VC Special: Accel Founders Arthur Patterson and Jim Swartz on Building Accel Into One of the Most Prominent Venture Firms Over Four Decades, How Today's Market Compares To The Dot Com Bubble, How To Do Generational Transition Well and Why Accel Will Nev
- ▶ 0:15 Harry Stebbings Arthur and Jim founded Excel Partners in 1983. 5 times in the scene
- ▶ 3:20 Harry Stebbings So you were both in venture pre-Excel. 5 times in the scene
- ▶ 4:43 Harry Stebbings Can we go back to the first conversation that you guys had about starting Excel?
- ▶ 6:49 Jim Swartz So when we started Excel, it was pretty clear to us. 2 times in the scene
- ▶ 7:50 Harry Stebbings How was that first fundraise with Excel?
- ▶ 9:30 Jim Swartz It was the third fund, which we, we raised in 1989 because 3 times in the scene
- ▶ 10:38 Jim Swartz And then those people continued in the XL-IV, which was a fantastic fund.
- ▶ 12:06 Harry Stebbings When did the Excel brand really hit with LPs and bluntly fundraising was much, much easier? 6 times in the scene
- ▶ 13:27 Arthur Patterson And Jim had made a really strategic move in about 83, 85, where we raised that XL-II was actually a focused telecom fund of a smaller size, but I think it was about forty million, and I think KP even invested in it. 3 times in the scene
- ▶ 24:43 Jim Swartz That there's no single person that runs Excel.
- ▶ 27:52 Harry Stebbings That would scare, if I was in Excel, you know, I mean, it would scare a lot of people to lose the chip, and it would make me pull back, even with conviction. 6 times in the scene
- ▶ 29:14 Harry Stebbings What do you think you did that made Excel India, Excel Europe, 4 times in the scene
- ▶ 33:03 Arthur Patterson We use all the same early stage people to get the growth going and, and we try to stay in the same areas, but that's going to be a significant problem for Excel and a significant problem for anybody else.
- ▶ 34:52 Arthur Patterson And we've kept the firm that way. 2 times in the scene
- ▶ 36:04 Harry Stebbings 38 years ago, founding Excel. 3 times in the scene
- ▶ 37:13 Harry Stebbings I've always loved this ecosystem, with everything that I have, which is why I fell in love with it when I was 13, and so to bring that story to life of Excel, and that founding journey, it was just incredible. 2 times in the scene
20VC: Deliveroo Founder Will Shu on The IPO This Year, The Rise of Quick Commerce and The Fierce Competition with Uber Eats
- ▶ 0:19 Harry Stebbings Prior to their IPO earlier this year, Will raised over 1.7 billion dollars for the company from some of the best in the business, including Excel, Index, General Catalyst,
20VC: Crowdstrike Founder, George Kurtz on Scaling to a $60Bn Market Cap, How to Acquire and Retain the World's Best Talent & The Right Way to View Competition in Today's Market?
- ▶ 0:07 Harry Stebbings The Memo episode with Samir at Excel last month, discussing his investment thesis and rationale for leading multiple rounds into CrowdStrike, and I'm so thrilled today to be joined by George Kurtz, founder and CEO at CrowdStrike, a leading… 3 times in the scene
- ▶ 5:06 George Kurtz Because we thought the opportunity was so big, and that's part of the reasons why I hooked up with Samir at Excel, because they got the big vision, and they were in it for the long term.
20VC: Squarespace Founder, Anthony Casalena on Scaling Squarespace from Dorm Room To Public Company with over $700M in ARR, The Decision to Direct List over Traditional IPO or SPAC & What Changes When You Go Public?
- ▶ 0:49 Harry Stebbings I'd also want to say a huge thank you to Lisa Landman at NEA and Andrew Brachia at Excel for some fantastic
- ▶ 4:57 Anthony Casalena And then the next round of money in was index and Excel, and that was actually mostly secondary with only a little bit of primary. 2 times in the scene
20VC: The Two Largest Changes in the Investing Market Today, Why The Scarce Resource in Venture is Access & Why Investors Are Acting Mostly Rational and Upside Scenario Planning Needs To Change with Anton Levy, Co-President @ General Atlantic
- ▶ 23:20 Anton Levy Sequoia is saying, hey, I'm going to take my Series A business, or Excel, who are world class in the Series A business, and saying, wait a sec, why am I not doing the B's, C's, D's?
20VC: The Crowdstrike Memo: Accel's Sameer Gandhi on Leading Multiple Internal Rounds for Crowdstrike, Telling George Kurtz to Go Shop His Term Sheet, How To Think Through Market Sizing & The Importance of Speed of Execution and Knowing When To Go Slow To
- ▶ 0:22 Harry Stebbings It is, of course, CrowdStrike, and the person to unpack the investment and incredible journey, Sumir Gandhi, partner at Excel and leader of multiple 2 times in the scene
- ▶ 2:43 Harry Stebbings Find out more today at diligent.com, but that is quite enough from me, so now I'm so excited to hand over to Samir Gandhi, partner at Excel.
- ▶ 28:31 Sameer Gandhi So like, you know, part of this is like, why are we not capturing more of that for Excel versus letting it go to the outside?
20VC: GoPuff's Rafael Ilishayev on How GoPuff Has Been EBITDA Profitable From Day 1; The Unit Economics Behind GoPuff, With Intense Competition What Happens To The Food Delivery Space & What It Takes To Launch, Grow and Maintain New Markets
- ▶ 0:29 Harry Stebbings From the likes of Excel, SoftBank, Fidelity, Bailey Gifford, D-One, and more, and Raphael has scaled the company to over 550 U.S. cities, with over 7000 employees nationwide, And I want to say a huge thank you to Jed at Headline and to…
- ▶ 28:38 Rafael Ilishayev Aller took a bet on us in the series C.
20VC: Why and How The Best Companies Build Economies Around Themselves, When, Why and How To Build Effective Partner/Channel Networks & The Power of Compounding Growth in SaaS with Jay Simons, General Partner @ Bond
- ▶ 2:56 Harry Stebbings I've heard so many great things from Scott at Atlassian, Alex at Excel, and Juliet on your team at Bond, so thank you so much for joining me today.
- ▶ 4:03 Harry Stebbings I love the breadth that venture allows, but I want to start on something quite strange almost, but I listened to your discussion with Alex now at Excel, and in that discussion, you mentioned actually being in Asia, and being a musician in…
- ▶ 27:39 Jay Simons Even when I think about Alassian, like Alassian probably in Excel's portfolio was probably, I'm guessing, like rated as, you know, maybe a B company because like our growth profile wasn't, you know, we weren't growing at a hundred percent. 2 times in the scene
20VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
- ▶ 40:15 Nigel Morris Well, I love all of the boutique fintech venture firms, so Mickey Malkert, Ribbit's a dear friend, Matt Harris again at Bain, uh, Hans Morris at Nica, I've known for 30 years, and then the mainstream, you know, the really great…
20VC: David Tisch on Why Ownership in Venture Does Not Matter, His Biggest Investing Misses and Hits and How His Investing Style Changed as a Result & 3 Core Reasons VCs Pass That Do Not Make Sense
- ▶ 16:42 David Tisch Sequoia, Andreessen, Excel's been making early stage investments throughout their entire history.
20VC: Segment Founder Peter Reinhardt on His Learning Process, How Great Leaders Listen and Encourage Debate within Their Organisation & How To Use Data Intelligently To Improve Decision-Making
- ▶ 0:33 Harry Stebbings Prior to their 3.2 billion dollar acquisition by Twilio in 2020, Peter raised over two hundred and eighty three million dollars for Segment from Excel, Thrive, Meritech, GV, General Catalyst, and Kleiner Perkins, to name a few. 2 times in the scene
- ▶ 14:45 Harry Stebbings In terms of, like, problem solving, which is, you know, at the core of a lot of debates and decision making, I spoke to Vass at Excel, and he said, again, I mean, you seem to be pretty world class at quite a number of these different…
20VC: Benchmark's Peter Fenton on The Single Question That Defines The Art of Early Stage Venture, Marketing Timing Risk, Why The Oversupply of Capital Is Good & His Biggest Lessons from 12 Years On The New Relic Board
- ▶ 0:36 Harry Stebbings Prior to Benchmark, Peter was a general partner at Excel Partners in San Francisco, and as a result of his incredible track, Peter's been on the Forbes Minus list more times than I've done podcast episodes.
20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio
- ▶ 0:27 Harry Stebbings To date, Matan has raised over two hundred and fifty four million for Melio from the likes of Excel, Bessemer, Aleph, Cotu, and General Catalyst, to name a few. 2 times in the scene
- ▶ 2:33 Harry Stebbings As I said, I've heard so many great things, both from Michael at Aleph and from Julian at Excel, so thank you so much for joining me today.
- ▶ 32:16 Harry Stebbings Again, I do want to say a huge thank you to Michael Eisenberg at our left, to Michael at KOTU, and to the very special Julian Beck at Excel.
20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
- ▶ 42:11 Michael Eisenberg I mean, Philippe at Code Two, and Julian at Accel, and Philippe at Accel, and just amazing people. 2 times in the scene
20VC: Supercell Founder Ilkka Paananen on What it Means To Be "The Least Powerful CEO", His Relationship To Wealth and Risk & How To Create Environments of Safety Where Your Team Can Be Their Best and Most Ambitious Selves
- ▶ 0:26 Harry Stebbings Prior to Tencent acquiring a majority stake in the company at a reported 10.2 billion dollar acquisition price, Ilka raised over one hundred and forty three million dollars for the company from Excel, Index, Atomico, IVP, LVP, Initial and…
- ▶ 3:01 Harry Stebbings I've heard so many great things from Kevin at Excel, to Ken at Initials, David at LVP, so thank you so much for joining me today, Ilka.
- ▶ 10:45 Harry Stebbings Excel. 2 times in the scene
20VC: Why "Founder Insight" is Overrated, Why Big and Bold Product Visions Can Be Dangerous & Why Getting To Product Market Fit by Accident Can Lead to Danger with Hubert Palan, Founder & CEO @ ProductBoard
- ▶ 29:02 Hubert Palan Like, if you're in the middle of closing a big round, and you have investors competing for you, and you're trying to keep secrets, you know, from them, like, you don't want to tell the whole company, like, hey, you know, we have Sequoia,…
20VC: Etsy CEO, Josh Silverman on 2 Defining Traits of Great Leadership, The Danger of Attaching Happiness To Milestones, How To Structure Teams To Optimise for Experimentation and Agility &Whether You Learn More From Success Than Failure
- ▶ 0:21 Harry Stebbings And prior to their IPO, Etsy raised funding from some of the best in the business, including Danny Reimer at Index, Albert Wenger at USV, and Jim Breyer at Excel, to name a