Excel
also referred to as: excel partners
24 statements across 21 episodes · 10 bullish · 9 bearish · 17 people on the record · first statement Jun 8, 2015 by Charlie O'Donnell · across every show →
Everything said about Excel, oldest first
Jun 8, 2015
Jul 1, 2015 positive
Lemkin invested in Algolia at $5K MRR before Accel's $18M round
“I did, I invested in a search as a service company called Algolia about a year ago that Excel just put eighteen million into, and I did it, and I did a session with the CEO at Heavybit a couple weeks ago, and I invested I think at like five KMR, so pretty earl…”
Jul 6, 2016 negative
Kim: Top VCs maximize ownership and squeeze LPs out of Series A
“If there is, at the earliest stages, a company that is High quality with high quality investors coming in. LPs are probably the last in line in terms of getting access to that. So imagine a seed funded company by one of our fund managers, a high quality firm l…”
Jul 20, 2016 positive
Small VC funds succeed by avoiding direct competition with Tier-1 firms
“The nice thing I like about some of these small funds is that they don't compete in their sector, in their geography, in their states. They don't compete with Sequoia and Excel, benchmark, and increase. So they are dominant. They will never lose to them becaus…”
Aug 2, 2017 bullish
CRV's early Airtable investment thesis was the unbundling of Microsoft Excel
“The investment thesis that we got excited about was this concept of the unbundling of Excel, and we felt like Airtable could become the all-in-one collaboration platform that could kind of redefine how consumers think about productivity software.”
Sep 4, 2018 positive
Jan 18, 2019 negative
Wand: Startup boards overweight top VCs' opinions based on brand, not merit
“Usually, if there is a partner from a top fund, there is a tendency to give overweight to his idea and decision point, where it's not substantiated by the merit of his idea, but just rather from the fact that he came from Sequoia, he came from Benchmark, he ca…”
Dec 20, 2019 positive
May 8, 2020 positive
Jun 8, 2020 positive
Dec 10, 2020 bullish
Jan 29, 2021 negative
Palan: Horizontal tools like Notion fail to deliver for scaling startups
“I still believe that there needs to be specialized solutions for highly specialized use cases. And just like with Excel, like Microsoft Access, I don't know whether you remember, remember, but you would build your CRM in a spreadsheet or in Microsoft Access, r…”
Feb 1, 2021
Ilkka Paananen raised over $143M for Supercell prior to Tencent acquisition
“Prior to Tencent acquiring a majority stake in the company at a reported 10.2 billion dollar acquisition price, Ilka raised over one hundred and forty three million dollars for the company from Excel, Index, Atomico, IVP, LVP, Initial and Lifeline to name a fe…”
May 6, 2022 negative
Aug 9, 2024
Aug 14, 2024 negative
Aug 14, 2024 negative
Aug 14, 2024 positive
Nejatian: Shopify built continuous internal planning software to replace Excel
“At Shopify, we've built software that imagines a company and runs continuously. Based on our prioritization stack, based on what we're working on, based on the APIs we have built ourselves into our data systems. So we don't have to have people building these l…”
Jan 22, 2025 negative
Sivulka: ChatGPT is a poor product that acts like a calculator
“I don't even think ChatGPT is a really good product. It's like a calculator. It's got the technology in there encapsulated in a very simple form. But it's not a product that, like in Excel, that lets you just build whatever you'd like with it.”
Jan 22, 2025
Sivulka: Excel reached 90% finance market penetration in 18-24 months
“If you look at finance and how fast, ah, Excel went to 90% market penetration in finance. 1985 to 1986. Literally 18 months to 24 months, Excel took over all of finance. Everyone switched from using a calculator, the HP 12 C, to using Excel.”
Jun 19, 2025 positive
Jun 26, 2025 negative
O'Driscoll: AI vendors won't capture labor value due to competition
“If there's three people competing for the same Making the same kind of software. Then the law firm gets the value. Like we don't get paid. Excel doesn't charge 60 grand a year because it replaced an analyst. It charged 60 bucks because that's what you get for …”
Feb 23, 2026
Aug 29, 2026 bearish
Reyes: AI startups targeting intermediate Excel and Jira tasks will not survive
“A lot of knowledge work that's related to intermediate tasks, like people operating in Excel and JIRA. That's just not gonna be differentiated. The workflows are very common. And I think that we may not use a lot of tools like that in five to 10 years, so this…”