Fidelity Investments, every mention

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every year anyone Harry Stebbings 9Brian Halligan 9Jason Calacanis 7Andrew Feldman 6Imran Khan 5Rory O'Driscoll 4Vlad Tenev 2Nikesh Arora 2Kanyi Maqubela 2Jason Lemkin 2

Verbatim, from the transcripts: the passages where Fidelity Investments comes up

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Anthropic Files to Go Public | Cognition Raises $1BN at $26BN Valuation | The 996 Work Ethic · 20VC with Harry Stebbings Jun 4, 2026 · 1 mention

Shopify CEO on How AI is a Scapegoat for Mass Layoffs & Trump Derangement Syndrome in Canada · 20VC with Harry Stebbings May 4, 2026 · 1 mention

Insights from Coatue's Growth Investor Lucas Swisher · 20VC with Harry Stebbings Feb 23, 2026 · 1 mention

  • ▶ 6:56 Harry Stebbings It's a shame, but it's the greatest gift to venture capital that we could have ever wished for, because it's allowed for us to transition from fidelities in the large

Thrive Raises New $10B Fund | OpenAI Buys OpenClaw | Stripe at $140B: Is Adyen Wildly Undervalued? · 20VC with Harry Stebbings Feb 19, 2026 · 1 mention

  • ▶ 1:11:21 Rory O'Driscoll I go back to my comment, in a more sensible world, all these companies will be public, and we wouldn't have to pay all these fees to just, you know, someone could buy Fidelity's small-cap growth and get, actually, in this case, mid-cap and…

Elon Musk vs Sam Altman | The Implosion of Thinking Machines | Can VC Survive Public Pricing? · 20VC with Harry Stebbings Jan 22, 2026 · 2 mentions

  • ▶ 1:10:51 Rory O'Driscoll Again, going back to the first principles, this is really Fidelity mid-cap growth. 2 times in the scene

Will Cursor Kill Figma? Lightspeed Raises $9B & OpenAI’s $1B from Disney & #1 App in App Store · 20VC with Harry Stebbings Dec 18, 2025 · 2 mentions

Cerebras CEO, Andrew Feldman on Why Raise $1BN and Delay the IPO & Why NVIDIA’s Worried About Growth · 20VC with Harry Stebbings Oct 6, 2025 · 6 mentions

  • ▶ 1:41 Andrew Feldman At, at late stage investing, you're looking for, uh, the likes of Fidelity. 6 times in the scene

General Catalyst CEO, Hemant Taneja: Lessons Scaling GC to $40BN in AUM · 20VC with Harry Stebbings Sep 22, 2025 · 1 mention

  • ▶ 1:09:45 Harry Stebbings When we look at the before, it would be your Fidelities, your T-Ros, and the pensioners of the world, my grandparents would pay them 20 bips, 30 bips, 40 bips, and now with the extension of private markets,

OpenAI’s $10BN Secondary Sale, Ramp Hits $1BN ARR & Brex Hits $700M · 20VC with Harry Stebbings Sep 11, 2025 · 1 mention

Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings Sep 4, 2025 · 4 mentions

  • ▶ 6:25 Harry Stebbings Do you have fidelity? 3 times in the scene
  • ▶ 44:47 unnamed speaker Instead of paying 50 bips to Fidelity, we have to pay two and 20 now, and enrich the middleman like us, and you know, God bless it, but it doesn't seem like a mission-driven company would make that their mission, but call me cynical on…

Anthropic's $10B Round, Klarna's IPO, Inside a16z's 72 Deal Seed Investment Machine ft. Marc Benioff · 20VC with Harry Stebbings Aug 28, 2025 · 1 mention

  • ▶ 33:36 unnamed speaker So there's gotta be, if you're a fidelity type manager, you're like, how do I get me some AI action?

Databricks at $100BN, CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker - Ep.19 · 20VC with Harry Stebbings Aug 21, 2025 · 1 mention

  • ▶ 24:19 unnamed speaker The point of Wall, I mean, it may feel like a casino to some of the marginal players, but the point of Wall Street is to funnel, and even these ideas, is to funnel money from the savers of ordinary people, managed by people like Fidelity,…

Figma's 250% Pop - The Greatest IPO Mispricing Ever? Meta & Microsoft Blowout Quarters: Broken Down · 20VC with Harry Stebbings Aug 7, 2025 · 16 mentions

  • ▶ 0:08 unnamed speaker The discussion they were having on the day was, let's call it the Halligan discussion of, do I go two bucks more and exclude Fidelity or two bucks left and take Fidelity?
  • ▶ 3:16 Brian Halligan Fidelity and Wellington and Capital Zero in there. 6 times in the scene
  • ▶ 5:20 Brian Halligan You want fidelity. 3 times in the scene
  • ▶ 7:25 unnamed speaker And that's all about a one dollar discussion with Fidelity. 3 times in the scene
  • ▶ 9:40 unnamed speaker It's like, um, the, the, the discussion they were having on the day was, let's call it the Halligan discussion of, do I go two bucks more and exclude fidelity or two bucks less and take fidelity? 2 times in the scene
  • ▶ 18:41 unnamed speaker They still didn't have quite a strong, an investor base, and when they hit an issue and they had activist pressure, it's not probably the only thing that caused them to have to sell, but at the, at the margin, you had a stronger investor…

Elon’s Empire: SpaceX, Tesla, Neuralink After the Storm & Anduril’s $2.6BN Power Move · 20VC with Harry Stebbings Jun 12, 2025 · 2 mentions

  • ▶ 6:01 unnamed speaker A lot of the time, the biggest advantage the banker has is you do this once in your life, or maybe if you're a VC, 10 times, and a banker's doing it every week, and you have an informational asymmetry there, and they're going to tell you,… 2 times in the scene

OpenAI, SBF & Perplexity: What VCs Know That You Don’t · 20VC with Harry Stebbings May 15, 2025 · 1 mention

  • ▶ 27:05 Jason Lemkin Depends how you, whether it look, let it a crossover, you know, is it, is this fidelity or is this VC, but I, I think.

a16z's $20BN Fund & Founders Fund's $4.6BN & Why Josh Kushner Has Mastered the Game · 20VC with Harry Stebbings Apr 17, 2025 · 1 mention

  • ▶ 1:05:56 unnamed speaker Where Fidelity only gets paid 70 bits to make the same investment.

Mike Maples: Three Frameworks to Evaluate Startups and Founders | E1242 · 20VC with Harry Stebbings Jan 6, 2025 · 1 mention

Vlad Tenev, Co-Founder & CEO @Robinhood: The GameStop Saga & The Future of AI | E1222 · 20VC with Harry Stebbings Nov 1, 2024 · 2 mentions

  • ▶ 28:23 Vlad Tenev Similarly, you look at a company like Fidelity, a big asset manager in the U.S., 2 times in the scene

Imran Khan: Why the IPO Market is Not Closed & Lessons From Taking Snap & Alibaba Public | E1194 · 20VC with Harry Stebbings Aug 26, 2024 · 6 mentions

  • ▶ 28:35 Imran Khan So let's say you are Fidelity and a company is going public and you are doing a 3 times in the scene
  • ▶ 34:24 Imran Khan Like, if you give Fidelity a million dollar allocation, they will dump the stock, you know.
  • ▶ 53:38 unnamed speaker Because we know we can go to Fidelity saying, hey, I'm going to give you two hundred million dollar.
  • ▶ 1:04:35 Imran Khan So Fidelity invested, Tiro invested.

Alexis Ohanian: The Full P&L Breakdown of the World's Most Valuable Women's Sports Team | E1187 · 20VC with Harry Stebbings Aug 7, 2024 · 2 mentions

  • ▶ 1:13:53 Alexis Ohanian I should have sold, we got, we could have returned the fund once over in whenever the fidelity markdown was, like literally putting an SPV together to sell Zenefits and then the markdown, the fidelity markdown happened and it killed the… 2 times in the scene

Nikesh Arora: Lessons from $102BN Market Cap & How to Create & Sustain Competitive Advantage | E1155 · 20VC with Harry Stebbings May 20, 2024 · 2 mentions

  • ▶ 52:52 Nikesh Arora And, uh, I wrote seven letters, letters to Fidelity because there were seven alums at Fidelity, and one of them wrote on the CV, said, said it to three of his direct reports saying, her CV looks interesting. 2 times in the scene

Roundtable #4 with Jason Lemkin, Woody Marshall, Deven Parekh, Harry Stebbings | E1071 · 20VC with Harry Stebbings Oct 11, 2023 · 1 mention

  • ▶ 37:24 Deven Parekh And when these, once there's so little inventory and the amount they're selling is so small and the size of a Fidelity or Vanguard or Wellington fund is so big, their ability to buy a position in the public market is actually not that they…

Celtics Owner Steve Pagliuca: What Went Wrong with the Chelsea FC Acquisition | 20VC #976 · 20VC with Harry Stebbings Feb 11, 2023 · 1 mention

  • ▶ 49:44 Steve Pagliuca And, you know, you know, my wife has been amazing in terms of, she was a, a, a fund manager at Fidelity and Harvard MBA, but has been taking large responsibility for, you know, managing four kids and, and, and, uh, as well as do, do all…

Jason Lemkin: WTF is Going On in VC? Are LPs Investing in New Funds? | 20VC #965 · 20VC with Harry Stebbings Jan 13, 2023 · 1 mention

  • ▶ 28:19 Jason Lemkin If it's growing at a decent rate, I think, um, if you're not Fidelity or a late stage investor, I think it's a waste of your time to mark up or mark down because, um, I asked all my LPs this question.

Emil Michael: How I Negotiated the $4B Uber-China Deal, Why DoorDash Caught Up to Uber | 20VC #941 · 20VC with Harry Stebbings Oct 25, 2022 · 1 mention

  • ▶ 5:40 Emil Michael We, we built those enterprise systems at Fidelity, American Express, American Airlines, and so on.

Tony Fadell: Why You Can't Be a Solo Founder; Mercenary vs. Missionary Operators | 20VC #910 · 20VC with Harry Stebbings Jul 25, 2022 · 1 mention

20VC: GoPuff's Rafael Ilishayev on How GoPuff Has Been EBITDA Profitable From Day 1; The Unit Economics Behind GoPuff, With Intense Competition What Happens To The Food Delivery Space & What It Takes To Launch, Grow and Maintain New Markets Jun 14, 2021 · 1 mention

  • ▶ 0:29 Harry Stebbings From the likes of Excel, SoftBank, Fidelity, Bailey Gifford, D-One, and more, and Raphael has scaled the company to over 550 U.S. cities, with over 7000 employees nationwide, And I want to say a huge thank you to Jed at Headline and to…

20VC: SPACs. What Are They? Why Now? How Do They Change The Venture Landscape? Are They Better Than IPOs & Direct Listings? How Should Founders Think About Them? Kevin Hartz & Troy Steckenrider @ A* Aug 31, 2020 · 1 mention

  • ▶ 12:09 Kevin Hartz Bidders on a round, but you actually can really see the full range of top tier investors, the Fidelities, the capital groups, the T.

20VC: Gusto Co-Founder, Tomer London on Why Most Founders Approach Fundraising With The Wrong Mindset Today, How To Construct A Values/Motivation Alignment Test To Determine The Right Investors For You & Why Delight Is So Crucial To The Success of Any Con Feb 28, 2020 · 1 mention

  • ▶ 0:27 Harry Stebbings To date, Toma and the team have raised over five hundred and twenty million dollars with Gusto from some of the industry's leading investors, including General Catalyst, Capital G, Clyde and Perkins, T-Row, Fidelity, and more, and then…

20VC: Why Every Company Looks One Round Earlier Than It Should Be, Why Investors Don't Understand Term Sheet Psyche & How The Brand Behind The Investor Can Overweight The Attention Their Opinion Is Given with Assaf Wand, Founder & CEO @ Hippo Jan 18, 2019 · 1 mention

  • ▶ 16:38 Assaf Wand So what I mean is that, you know, we did a C round, and it's good to have discussion with the DE players, which, you know, the Fidelities of the world, the Wellingtons of the world, the DST, these kind of people that are usually the…

20VC: The First ICO Blockchain Incubator Ever, Why ICO's Will Change The World of Venture As We Know It & How The M&A Market Will Respond To ICO's with Mike, Jones, Co-Founder @ Science Inc Aug 28, 2017 · 1 mention

20VC: Jason Calacanis on The 4 Questions Investors Must Ask Founders, Whether YC Have Scaled Their Process Successfully & Why Early Founder Liquidity Is Good Not Bad Aug 14, 2017 · 4 mentions

  • ▶ 9:51 Jason Calacanis And the people who bought, I think, Fidelity, I read, bought their shares at 13 dollars. 4 times in the scene

20VC: Garry Tan on The Biggest Takeaways From Advising 700 Companies @ Y Combinator & Why Now Is The Golden Age For The Early Stage? Dec 14, 2016 · 1 mention

  • ▶ 26:54 Garry Tan Valuation committees at Fidelity and BlackRock basically get to mark things up and down with no information, so it's basically all sentiment.

20VC: The Rise Of The Celebrity VC & The Pros and Cons Of Staying Private with Logan Bartlett @ Battery Ventures Apr 20, 2016 · 1 mention

  • ▶ 17:44 Logan Bartlett And I would say from a more macro level, uh, we've seen everyone, um, with the Fidelities and the TROs and the mutual funds kind of playing at the later stage because companies are staying, uh, private longer, and that's where these guys…

20 VC 094: Kanyi Maqubela @ Collaborative Fund on Rocketships, Feedback Loops and Turning Lemons Into Lemonade! Dec 7, 2015 · 2 mentions

  • ▶ 23:32 Kanyi Maqubela Uh, the first, a tiny bit of background, which I imagine that your listeners will, will have been abreast of the news that Fidelity is marked down a bunch of companies, and the implication that I have of that is that these companies, which…
  • ▶ 27:33 Kanyi Maqubela In practice, founder-friendly is complicated and has much, and it cuts both ways in any, in any given case, whether it is evaluation pricing, and Fidelity is a fine example of that, or

20 VC 064: Finding Exceptional People with Big Ideas with Nick Beim, Partner @ Venrock Aug 19, 2015 · 1 mention

  • ▶ 16:33 Nick Beim Types of metrics will evolve and, um, that say in the next five years, many major institutional, uh, investors and, and, and every major consumer internet platform like Fidelity or personal capital will offer access to some kind of social…
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