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Hydrazine Capital

4 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Nov 21, 2025 by Max Altman · said 12 times in 2 episodes since 2018 · across every show →

Mentions by year

brought up most by Harry Stebbings (9), Max Altman (3)

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2025 10 mentions in 1 episode
2018 2 mentions in 1 episode

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Everything said about Hydrazine Capital, oldest first

Nov 21, 2025 negative
Disclosure
Hydrazine Capital missed $2B by distributing Reddit stock post-lockup
“It was about nine billion when the lockup ended. That was tough. I think the market cap's about thirty-nine billion now. I think it's pretty public. The fund owned just about seven percent. You can do the math. That's about maybe two billion of gains that coul…”
Max Altman Nov 21, 2025 ▶ 21:53 20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster
Nov 21, 2025 bullish
Disclosure
Altman: Hydrazine Capital backed Rippling at a $25 million valuation
“It was give money to the best people. You know, we did Reddit at a higher valuation. We did rippling at 25.”
Max Altman Nov 21, 2025 ▶ 14:41 20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster
Nov 21, 2025
Assertion Supported
Max Altman says Hydrazine Capital generated approximately 17 unicorn companies
“You know, I think we had about 17 unicorns across the fund, because it's just a small world, and everyone's coming by, so I'm like, oh, these are the founders of Instacart, or Reddit, or Rippling, or Boom, and it's like, this is the bar.”
Max Altman Nov 21, 2025 ▶ 12:35 20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster
Nov 21, 2025 positive
Assertion Not publicly verifiable
Max Altman says his earlier venture funds achieved 4x DPI
“I was fortunate enough to have data from the earlier funds to say, we've absolutely crushed it, and we're now at like about four X DPI. I think we can get to five or six, and we knocked it out of the park.”
Max Altman Nov 21, 2025 ▶ 44:06 20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster
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