Dan Scheinman

10 statements across 1 episodes · 4 bullish · 3 bearish · 1 people on the record · first statement May 21, 2018 by Dan Scheinman · said 1 times in 1 episodes since 2019 · across every show →

On the record as a speaker too: Dan Scheinman's record, appearances and statements → this page counts the times other people say the name.

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Everything said about Dan Scheinman, oldest first

May 21, 2018 negative
Assertion Not checkable as stated
Acqui-hires now yield only 1x to 1.5x returns for early investors
“What I've seen has been that, in reality, some of those transactions look a lot more like return of capital or maybe one and a half X kind of returns, and it's no longer that lucrative on that side.”
Dan Scheinman May 21, 2018 ▶ 7:24 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018 bullish
Prediction Not checkable as stated
Seed investing requires concentrating on a few disruptive winners
“I'm focused on finding those few companies that can provide really disruptive returns in order to be able to keep funding the business.”
Dan Scheinman May 21, 2018 ▶ 4:35 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018 negative
Opinion
Overpriced seed rounds deter price-disciplined Series A investors
“There's a certain price which I think is too high because what I worry about is not that it doesn't work out numbers-wise, but I worry that it detracts or deters A-round people from actually investing. Because they are more price disciplined.”
Dan Scheinman May 21, 2018 ▶ 21:37 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018 bullish
Disclosure
CyCognito's pitch was the best angel presentation Dan Scheinman saw since Zoom
“First, it was the single best angel presentation I had seen since Zoom”
Dan Scheinman May 21, 2018 ▶ 28:01 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018
Insight
The biggest sin in venture investing is missing outlier winners
“The biggest sin is missing that 10% deal that's the huge winner, right? Because no amount of mediocre kind of deals can make up for missing Uber or whatever, Zoom or Arista or whatever you want to say. No amount of things can make up for missing something that…”
Dan Scheinman May 21, 2018 ▶ 21:20 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018 negative
Opinion
Dan Scheinman prefers priced rounds and SAFEs over convertible debt
“So my ideal preference is to do a price round. My second preference is to do effectively a safe. My dislike is of the convertible debt. I think it's ultimately, it's a lose-lose for both sides when things don't go so well.”
Dan Scheinman May 21, 2018 ▶ 20:09 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018 bullish
Disclosure
Dan Scheinman wrote a seed check to Eric Yuan before seeing a pitch
“And so at that moment, to be honest, I didn't even care what he was doing. I said, I'm going to write you a check. I'm in because you're the kind of leader that it almost doesn't matter what you're building. I believe in you. And I did write him a check”
Dan Scheinman May 21, 2018 ▶ 17:18 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018
Insight
Seed investing is 70% EQ and people evaluation
“Truth is, it's 70% of it is really the EQ, because this is all about the people.”
Dan Scheinman May 21, 2018 ▶ 18:37 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018
Insight
Founders in top deals often ask angel investors to forego pro rata
“And the other thing that happens in good deals is the founder frequently doesn't want you to do your pro rata because they want to give the new investors as much room as possible. So I found that there's an alignment generally in the good deals that, hey, stic…”
Dan Scheinman May 21, 2018 ▶ 23:15 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
May 21, 2018 bullish
Prediction Not checkable as stated
Dan Scheinman predicts a return to large-scale tech M&A
“So I have, for a variety of reasons, not Participated in secondaries so far, and I believe that there will be exits, that great companies eventually will exit, that we will see a return to some larger M&A in markets where it becomes so critical for some of the…”
Dan Scheinman May 21, 2018 ▶ 5:48 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
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