early stage investing

7 statements across 7 episodes · 3 bullish · 3 bearish · 6 people on the record · first statement Jan 7, 2019 by Scott Belsky · across every show →

Everything said about early stage investing, oldest first

Jan 7, 2019
Insight
Belsky: Active product craft involvement makes you a better early-stage investor
“I actually feel like I'm a better investor in the early stages of products by being in the craft as well”
Scott Belsky Jan 7, 2019 ▶ 4:41 20VC: Scott Belsky on Why We Must Challenge Our Faith In The Strength of Resources, Why We Must Rethink The Product Creation and Design Process & How To Determine Between The Good and The Truly Great When Assessing Individuals
Jan 25, 2021 negative
Insight
Libin: Early-stage VC incentives force startups to take damaging shortcuts
“The incentives are when you're investing, especially if you're doing early stage investing, just like me, you're not looking for things that are likely to succeed, right? You're looking for things that have a plausible chance of succeeding, even if it's not a …”
Phil Libin Jan 25, 2021 ▶ 8:14 20VC: Evernote & mmhmm Founder Phil Libin on Why We are Beginning a Multi-Trillion Dollar Restructuring of the World, Why Shortcuts are the Biggest Mistakes Startups Make & The Future of Video and The Unbundling of Zoom
Dec 6, 2021 positive
Disclosure
Gurley: Benchmark Maintained Early-Stage Focus as Peers Expanded to Multi-Stage
“So we have notably stayed focused on early stage investing, whereas most people have moved to multi-stage.”
Bill Gurley Dec 6, 2021 ▶ 21:27 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
Apr 28, 2023 bearish
Opinion
Guo: Tiger Global's index-style early-stage strategy will perform poorly
“Short on a multi-stage fund. I think early in growth investing is more different than it appears. And so I think there are firms that like, you know, tried the early stage investing route with like a blanket based approach. And like, I don't know if that's goi…”
Sarah Guo Apr 28, 2023 ▶ 45:22 Sarah Guo: On Her New $101M Fund; How AI Impacts Inequality; AI Startups vs Incumbents | E1007 · 20VC with Harry Stebbings
Sep 6, 2024 positive
Insight
Chirls: Early-stage venture returns require investing in ignored sectors
“If I've learned, I don't know, one thing over the last 12 years or 13 years investing is that the only way that I personally have ever made money, and I think this is probably true for most of early stage investing, is to invest in something that no one cares …”
Nicholas Chirls Sep 6, 2024 ▶ 14:24 Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings
Jul 10, 2025 bullish
Disclosure
Lemkin: QSBS tax exemption is key motivator for early-stage investing
“For me, this is my quiet motivator to do early stage investing. At least I can avoid, you know, fifteen million of taxes per deal.”
Jason Lemkin Jul 10, 2025 ▶ 52:55 Daniel Gross and Nat Friedman: Acquired by Meta | Microsoft Layoff 9000 People | OpenAI's Bombshell · 20VC with Harry Stebbings
Oct 23, 2025 bearish
Prediction Not checkable as stated
Calacanis: AI vibe coding renders classic early-stage VC software evaluation obsolete
“If in six months, all this stuff can be vibed by anybody, right? Like then how the hell can we tell those early stage investors? We can still judge founders. Don't get me wrong. Right. But when a 19 year old founder walks into 20 VC and the product is really, …”
Jason Lemkin Oct 23, 2025 ▶ 1:22:13 Why VC Today is Worse than 2021 · 20VC with Harry Stebbings
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