Canvas Ventures

“So lending club, we came in and key one of 2009 after Lehman crashed. And the, I actually sent Renaud my investing memo when I stepped off that board, and it was amazingly on in terms of why this company could be big, and it was because the banks would be asle…”

“And the other thing we know too, is it's incredible that we believe at least is it's incredibly important, especially in this day and age to be very thesis driven because there, you know, there are hundreds of financial services, startups, for example, and how…”

“And so my, one of my latest investments was in the autonomous driving space. It's a full autonomous driving sort of system, including the new, a new LIDAR system and the software and everything that bundles with that. And that hasn't been announced yet.”

“I think one realization coming since joining Canvas a few years ago is a small exit, like, easily moves the needle for a fund like Canvas, whereas we used to joke when you don't have an exit more than eight hundred million, you know, it doesn't move the needle…”

“90% of the entire cohort raised more than 85 to a hundred million dollars. I mean, there are always exceptions like Stitch Fix, Zoopla in UK, and Tableau in Seattle, but really the vast majority of them have raised a lot of capital, especially in more recent t…”

“I would say going back to the study and also seeing my own data points, The capital efficiency, well, actually, simply, it is important to win the capital arms race. That raising a hundred million dollars is critical to the success of new companies.”

“At that level, when deciding whether you put a lot of capital to work, we look at the monthly repeat cohort data. It really tells you a lot how often they come back, and all the things we just talked about play into and contribute to that cohort data, and that…”

“Yeah, I think for the LPs, for the minimum partners who have trusted their capital with us, there is what, More than six hundred billion dollars currently trapped inside these large private enterprises. And I think it is our fiduciary responsibility and of the…”

“One commonalities, the most striking one is they are mostly started by young people. You know, we all know some of the extreme examples of Gates, Zuckerberg, and Steve Jobs, who started their companies in their teens and early twenties, but I was surprised by …”

“One is winning a very differentiated supply first. Always go deep and have a thick network in one specific cluster versus broad and horizontal. And we're just finding that equivalent of power sellers in your target market is really critical. They have volume, …”