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Geoff Lewis

17 statements across 2 episodes · 8 bullish · 5 bearish · 1 people on the record · first statement Feb 14, 2022 by Geoff Lewis · said 18 times in 6 episodes since 2019 · across every show →

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

Mentions by year

brought up most by Harry Stebbings (18)

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012201920202021202220232024episodes it came up in
004182201920202021202220232024episodesmentions per episode
2024 3 mentions in 1 episode
2021 4 mentions in 2 episodes 2 per episode
2020 3 mentions in 2 episodes 2 per episode
2019 8 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Geoff Lewis, oldest first

Feb 14, 2022 positive
Insight
Geoff Lewis: Youth is a venture manager's biggest asset
“Youth, I would say, is the biggest asset one can have as a venture capital manager. The youth enables you to not be jaded and to rebuild these mental models for every new market, for every new company that you encounter.”
Geoff Lewis Feb 14, 2022 ▶ 11:30 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 positive
Disclosure
Geoff Lewis: Bedrock's primary ethos is investing in narrative violations
“Our guiding ethos, our principle at bedrock from day zero was we want to search for narrative violations. We want to search for companies that for whatever reason are being overlooked or underestimated by other investors where we can get in at a counter narrat…”
Geoff Lewis Feb 14, 2022 ▶ 15:34 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 neutral
Insight
Geoff Lewis: Bedrock's best-performing deals started with low initial ownership
“For me, the companies where I've done the best, and wherever I look, you know, retrospectively to our bedrock track record, our pre-bedrock track record, the ownership percentages were actually quite low, and so you basically, for me, it's operating the world,…”
Geoff Lewis Feb 14, 2022 ▶ 18:11 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 positive
Disclosure
Geoff Lewis: Uncapped note in Rippling was one of Bedrock's best investments
“I think one of our best investments at Bedrock was doing an uncapped note investment in Rippling”
Geoff Lewis Feb 14, 2022 ▶ 16:09 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 positive
Opinion
Geoff Lewis: Capital concentration limits per company harm venture returns
“I think Brian's a hundred percent right on that, and I've learned a lot from him on how to concentrate capital into companies.”
Geoff Lewis Feb 14, 2022 ▶ 22:13 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 negative
Opinion
Geoff Lewis: VC board seats do not add significantly more value
“And then in practice, I don't actually think there's that much that a board can do to help a company. I don't think that being on the board enables you to add an order of magnitude more value than being a involved investor who's not on the board.”
Geoff Lewis Feb 14, 2022 ▶ 14:25 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 positive
Disclosure
Geoff Lewis: Bedrock evaluates candidates for over 18 months before hiring
“Eric and I knew each other for, you know, eight or nine years before we started Bedrock together. We got to know Spencer for well over 18 months before we actually hired him onto the Bedrock team, and that story is true of basically Basically everyone we've hi…”
Geoff Lewis Feb 14, 2022 ▶ 27:28 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 bearish
Prediction Partly held up
Geoff Lewis: Public market corrections will eventually hit early-stage valuations
“I think ultimately the correction will trickle down to the early stages. It's just going to take time. I mean, it's just going to be a delayed reaction at the end of the day, the micro always needs to dominate.”
Geoff Lewis Feb 14, 2022 ▶ 6:26 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 negative
Insight
Geoff Lewis: Building an unfun corporate machine is a VC failure mode
“I'd say the one that we are most paranoid about avoiding is building a machine that's not actually fun to operate. And so I think there are like lots of firms that have built really impressive machines. And then if I was to transpose myself into being the mana…”
Geoff Lewis Feb 14, 2022 ▶ 28:12 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 neutral
Insight
Geoff Lewis: At 100x ARR valuations, invest your maximum or zero
“The difference between a hundred X AR multiple and a 150 X AR multiple, the reality is those are both insane. And so you have to have extremely high conviction and to have done your diligence and really believe this set of entrepreneurs, this company is going …”
Geoff Lewis Feb 14, 2022 ▶ 7:57 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022
Prediction Not checkable as stated
Geoff Lewis: Bedrock never uses follow-on rounds or markups as validation
“I don't care about what other firms are doing and where other firms are pricing things like, sure. It's nice to get markups, But ultimately, I never want to use follow on financing rounds. It's like validation that a company is working. It's always about the a…”
Geoff Lewis Feb 14, 2022 ▶ 21:33 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 negative
Insight
Geoff Lewis: The best companies do not fit pre-existing patterns
“But I do believe that there's a pattern match thing in venture capital. And I think there's some value to that, but the best companies just don't fit any preexisting patterns is what I've found.”
Geoff Lewis Feb 14, 2022 ▶ 12:17 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 neutral
Disclosure
Geoff Lewis: Bedrock has significantly slowed its capital deployment pace
“And we've actually massively slowed our deployment pace over the past few quarters. We're deploying actually much slower now than we were at the height of our prior fund deployment cycles.”
Geoff Lewis Feb 14, 2022 ▶ 23:27 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Feb 14, 2022 negative
Assertion Supported
Geoff Lewis: The public-private valuation disconnect has never been greater
“Is the disconnect between the public market valuations and the private market valuations to me has never been greater. And so that is the new variable where I think how that variable ends up playing out is going to be really key.”
Geoff Lewis Feb 14, 2022 ▶ 5:29 20VC: Bedrock's Geoff Lewis on Whether VCs Actually Provide Value or Not, Why Bedrock Does Not Have An Ownership Focus and The Difference Between Principles and Rules When Building a Firm or Company
Oct 5, 2022 bullish
Assertion Not checkable as stated
Lewis: Bedrock's VC loss ratio is under 50 basis points
“We at Bedrock have only lost a few million dollars. You know, we've invested hundreds of millions of dollars over almost five years at this point. I think our loss ratio is less than 50 basis points, so we, we've lost almost no money.”
Geoff Lewis Oct 5, 2022 ▶ 20:49 Geoff Lewis: Why I Put $200M into Rippling; Uncapped Notes; "Compound Startups" | 20VC #933 · 20VC with Harry Stebbings
Oct 5, 2022 positive
Insight
Lewis: Vengeance is a crucial motivator for historic entrepreneurs
“I think the greatest entrepreneurs in history, and this is a sort of declassé thing to say, it's not really a appropriate thing to say, but I'm going to say it anyways. I think the greatest entrepreneurs in history, it's this combination of a life's work surfa…”
Geoff Lewis Oct 5, 2022 ▶ 5:18 Geoff Lewis: Why I Put $200M into Rippling; Uncapped Notes; "Compound Startups" | 20VC #933 · 20VC with Harry Stebbings
Oct 5, 2022 positive
Opinion
Lewis: Parker Conrad is the most vengeance-driven founder he has backed
“And Parker has that in spades more than any entrepreneur I've backed. He's got it.”
Geoff Lewis Oct 5, 2022 ▶ 8:14 Geoff Lewis: Why I Put $200M into Rippling; Uncapped Notes; "Compound Startups" | 20VC #933 · 20VC with Harry Stebbings
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