David Waxman

11 statements across 1 episodes · 1 bullish · 4 bearish · 1 people on the record · first statement Nov 29, 2017 by David Waxman · said 2 times in 2 episodes since 2017 · across every show →

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

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brought up most by Harry Stebbings (2)

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Everything said about David Waxman, oldest first

Nov 29, 2017 bearish
What-if
Waxman: Selling late-stage Uber stakes on secondaries makes sense to reallocate capital
“I think that there probably are some sensible situations that probably if I were an Uber now, not to pick on them, I would be ready to be liquid and figure that the, you know, maybe the next billion dollars I could catch somewhere else.”
David Waxman Nov 29, 2017 ▶ 19:11 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017 bullish
Opinion
Waxman: Joy Mode is directly challenging the concept of personal product ownership
“So I believe, you know, it's a big swing what joy mode is doing, but if they win, they're really taking on the very idea of ownership and there's nothing big than that.”
David Waxman Nov 29, 2017 ▶ 10:29 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017 negative
Opinion
Waxman: Standard pitch deck TAM slides showing massive markets are virtually useless
“And every, you see a lot of pitch decks now, every pitch deck seems to have the same slide It's got a big circle in it with the biggest number the founder can find, and it's pretty much a useless slide, right? The number almost doesn't matter because it's real…”
David Waxman Nov 29, 2017 ▶ 8:15 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017
Insight
Waxman: Every startup CEO must know cash zero day, burn, and revenue
“You need to know at any moment, a CEO needs to know her cash zero day, monthly burn, and projected revenue for the following month.”
David Waxman Nov 29, 2017 ▶ 23:03 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017 neutral
Insight
Waxman: VCs have influence over portfolio companies, but founders retain control
“You have influence, but you don't have control.”
David Waxman Nov 29, 2017 ▶ 4:40 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017 negative
Opinion
Waxman: SAFEs are just as bad for early-stage financing as convertible notes
“I do. I think they're pretty much just as bad.”
David Waxman Nov 29, 2017 ▶ 11:55 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017
Insight
Waxman: Analytical TAM models systematically miss startups that fundamentally change markets
“And I just think if you study the market, like any way you analytically go at that market, when you see an Uber kind of pitch, you're going to miss it if what the company does is change the market.”
David Waxman Nov 29, 2017 ▶ 8:06 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017
Insight
Waxman: Founders underestimate their leverage when Series A VCs commit to investing
“I think that they underestimate the power of the situation that they're in, because when one of those firms really decides that they want to invest in you, it's not, as you say, it's not a couple percent that's going to push them off.”
David Waxman Nov 29, 2017 ▶ 15:54 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017
Insight
Waxman: Finance is prospective and more critical to startups than retrospective accounting
“Finance and accounting are totally different disciplines. Finance is Completely prospective, and it's super important for startups. It helps guide where you're going, helps you model the future, helps keep the company on the right track. Accounting is retrospe…”
David Waxman Nov 29, 2017 ▶ 22:38 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017 negative
Opinion
Waxman: Convertible notes make absolutely no sense for multi-million dollar rounds
“But when you get into a multi-million dollar round, I think that convertible notes make absolutely no sense at all.”
David Waxman Nov 29, 2017 ▶ 11:21 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
Nov 29, 2017 neutral
Assertion Not checkable as stated
Waxman: No early Uber investor imagined it growing beyond black car industry
“I doubt that if you went back, and maybe some are revising history, I don't know, but I doubt if you went back to any of the investors who looked at Uber, I doubt any of them imagined that it could be bigger than the black car industry. And maybe a few imagine…”
David Waxman Nov 29, 2017 ▶ 7:43 20VC: Why Convertible Notes Are Ridiculous, Why Party Rounds Are Bad For Both Founder and Investor & Why Pro-Rata Rights Are A Mess with David Waxman, Founding Partner @ TenOneTen Ventures
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