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Deven Parekh

27 statements across 3 episodes · 9 bullish · 5 bearish · 1 people on the record · first statement May 17, 2021 by Deven Parekh · across every show →

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

Everything said about Deven Parekh, oldest first

May 17, 2021 negative
Prediction Not checkable as stated
Deven Parekh predicts rushed venture deal timelines will cause negative outcomes
“I think the bigger challenge today, to be honest with you, Harry, is less around price. It's more on how quickly decisions are having to get made, and I think that, I think, might have, you know, negative implications, not just for investors, but also for foun…”
Deven Parekh May 17, 2021 ▶ 11:30 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021 positive
Insight
Deven Parekh advises delivering critical executive feedback one-on-one, not in board meetings
“We tend to be defensive when people critique us in front of five people, and we tend to be less defensive when people talk to us kind of one-on-one, or at least I do. And so I find that those conversations are much more kind of constructive and people are more…”
Deven Parekh May 17, 2021 ▶ 24:15 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021 positive
Insight
Deven Parekh recommends splitting CFO financial reviews from board strategy discussions
“The board meetings I enjoy the most, where I have enough influence to be able to do this, I've broken up the board meeting into two separate board meetings. So one's a Financial overview of performance where the CFO just presents the financial performance. Peo…”
Deven Parekh May 17, 2021 ▶ 22:33 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Assertion Supported
Insight Partners acquires 70-80% of unprofitable venture companies using zero leverage
“We also do control deals where we're buying control of companies that you would define as a venture company, where a set of existing investors For whatever set of reasons, wants to get liquidity. And we're excited about the growth profile of the company. They …”
Deven Parekh May 17, 2021 ▶ 17:29 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Insight
Deven Parekh requires junior team members to speak first in diligence meetings
“And my approach on those is always to start with the most junior person and go to the most senior person, as opposed to start with the most senior person and go the other way. I mean, I have the most junior person Speak first. Now, they don't like to be the fi…”
Deven Parekh May 17, 2021 ▶ 30:22 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Disclosure
Deven Parekh initially rejected Insight Partners founders before their first fund
“I, thinking I was a hotshot vice president, you know, at the age of 25, And they were two people without a fund. Didn't seem like a really good decision, so I decided, no, I think I'm going to stay, but you guys should go do this”
Deven Parekh May 17, 2021 ▶ 4:50 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021 positive
Assertion Not checkable as stated
Insight Partners focuses more on missed deals than successful investments
“We spend way more of our time beating ourselves up on the things that we missed, and why didn't we look at that area, or are we not being aggressive enough in that area, or why didn't we do that deal when we saw it? So I think the first thing is you constantly…”
Deven Parekh May 17, 2021 ▶ 28:39 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Assertion Supported
Insight Partners operates without minimum ownership targets for its investments
“We don't have, like, a minimum threshold. We don't have a minimum percentage we have to own. You know, we have companies where we own as little as three, four percent, and we have companies where we own north of 90%.”
Deven Parekh May 17, 2021 ▶ 17:17 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Insight
Deven Parekh argues return-optimizing VCs should focus time on middle-tier companies
“If you said, I'm a robot, and I'm going to allocate my time in a way that totally optimizes fund returns. Actually, you spend almost no time with the winners. The market's great. The management's great. You're a cheerleader. You're not adding as much value as …”
Deven Parekh May 17, 2021 ▶ 25:03 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Insight
Deven Parekh argues early-stage diligence requires more time than late-stage
“And I think in some ways at an earlier stage, it's even more important to spend that time because you're really betting on the person. You're not betting on a Set of financial metrics, which we can do in a later stage company.”
Deven Parekh May 17, 2021 ▶ 12:10 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Disclosure
Insight Partners invested in Checkout.com on a handshake without a term sheet
“I mean, you've got to be at checkout. I mean, we did that deal on a handshake. We never signed a term sheet.”
Deven Parekh May 17, 2021 ▶ 15:39 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021
Disclosure
Deven Parekh notes famous VCs share insecurities about sourcing top deals
“I've talked, I won't name people, but I've talked to people at other Funds who are really well-known names, I mean, way better known names than me, who have the same concern about, can they keep up? Can they continue to find great deals?”
Deven Parekh May 17, 2021 ▶ 27:28 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021 negative
Insight
Deven Parekh argues brinksmanship negotiation tactics fail in venture deals
“People feel like, oh, in order to negotiate, you have to have this brinksmanship style. Actually, honestly, don't think that works.”
Deven Parekh May 17, 2021 ▶ 15:29 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
Oct 11, 2023 bullish
Assertion Supported
Deven Parekh: Cloud optimization revenue headwinds have bottomed for software companies
“We went through 12 months where every infrastructure software company was talking about cloud optimization, which was driving down their volumes. If you look at the last quarter, that's kind of bottomed and just start moving in the right direction.”
Deven Parekh Oct 11, 2023 ▶ 42:52 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 positive
Insight
Deven Parekh: SaaS at 8x revenue is undervalued if 50% growth compounds
“If it's compounding at 20, then maybe eight's not a crazy multiple. If it's compounding at 50, it's really undervalued.”
Deven Parekh Oct 11, 2023 ▶ 50:19 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 neutral
Prediction Not checkable as stated
Deven Parekh predicts venture-backed startups will significantly reduce employee option strike prices
“I think there's going to be a lot of those cases where companies with our support, you know, we're going to significantly reduce the valuation of the option and equity incentives going forward.”
Deven Parekh Oct 11, 2023 ▶ 10:17 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 bullish
Prediction Not checkable as stated
Deven Parekh: High-quality private SaaS deals will command multiples above Klaviyo's
“What I would say is that deals will get done at even north of that multiple for a high quality company that has a lot of runway in a big market.”
Deven Parekh Oct 11, 2023 ▶ 49:46 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 bullish
Prediction Held up
Deven Parekh predicts software multiples will rebound but miss 2021 peaks
“I actually think there's upside personal opinion, but I think there's upside from today's revenue multiples, but I certainly wouldn't think that we're going back to 21 multiples either.”
Deven Parekh Oct 11, 2023 ▶ 23:20 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 neutral
Disclosure
Deven Parekh: Insight underwrote 2020-2021 growth deals assuming 50% multiple contraction
“When we did deals in 20, 21... Revenue growth driven deals, right? As opposed to buyouts or even more EBITDA driven, we do both. We were assuming on average, 50% multiple contraction.”
Deven Parekh Oct 11, 2023 ▶ 22:43 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023
Assertion Not publicly verifiable
Deven Parekh: Startups at $50M ARR growing 80% have a 75% IPO failure rate
“But the odds are that you're not going public. Like the 75% probability is you're not going public.”
Deven Parekh Oct 11, 2023 ▶ 16:47 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 neutral
Assertion Supported
Deven Parekh: SaaS revenue growth correlation to valuation dropped from 72% to mid-30s
“If you go back to 2020, the correlation to revenue multiple in the public markets was something like 72% was correlated to revenue growth. Today, it's in the mid-thirties.”
Deven Parekh Oct 11, 2023 ▶ 21:29 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 negative
Disclosure
Deven Parekh: Insight Partners has substantially marked down many 2021 investments
“The ones that we made in 21, a lot of them are marked down substantially.”
Deven Parekh Oct 11, 2023 ▶ 39:36 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023
Insight
Deven Parekh: Late-stage growth market activity does not dictate the IPO window
“So I don't really see a relationship between a slowdown in the late stage market and the IPO market. I think they're kind of right now disconnecting.”
Deven Parekh Oct 11, 2023 ▶ 33:18 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Oct 11, 2023 bullish
Prediction Didn’t hold up
Deven Parekh predicts the tech IPO market will reopen in H2 2024
“Let me start by saying, since the chairman of the Fed can't predict the economy, I'm certainly not going to try, but I'm probably a little bit more optimistic. I'm probably closer to Jason, kind of back half of 24.”
Deven Parekh Oct 11, 2023 ▶ 32:03 Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings
Feb 9, 2024 negative
Disclosure
Parekh: Insight Partners' data shows cheap investments rarely perform well
“When we do our analysis of the deals that worked and the deals that didn't work, we often find is when we did something that we thought was cheap, those didn't work particularly well either.”
Deven Parekh Feb 9, 2024 ▶ 13:41 20VC: Doug Leone, Bill Ackman, Bill Gurley and Orlando Bravo on "Does Price Matter"; When to Pay Up vs When to Stay Disciplined, The Biggest Lessons on Price Discipline from 8 of the World's Best Investors
Feb 9, 2024 bullish
Prediction Not checkable as stated
Parekh: Some startups raising at $1.5B on $4M ARR will succeed
“So I'm not going to sit here and tell you that every company that raises money at a one and a half billion dollar valuation of four million of ARR is going to work, but you're going to have a subset that are definitely going to work.”
Deven Parekh Feb 9, 2024 ▶ 13:59 20VC: Doug Leone, Bill Ackman, Bill Gurley and Orlando Bravo on "Does Price Matter"; When to Pay Up vs When to Stay Disciplined, The Biggest Lessons on Price Discipline from 8 of the World's Best Investors
Feb 9, 2024 negative
Disclosure
Parekh: Insight's biggest misses were passing on high-valuation winners
“And I think that where we've generally had misses They've been more because we said no on valuation and the company actually executed incredibly well at a very, very large market.”
Deven Parekh Feb 9, 2024 ▶ 13:49 20VC: Doug Leone, Bill Ackman, Bill Gurley and Orlando Bravo on "Does Price Matter"; When to Pay Up vs When to Stay Disciplined, The Biggest Lessons on Price Discipline from 8 of the World's Best Investors
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