Immad Akhund

37 statements across 2 episodes · 13 bullish · 9 bearish · 1 people on the record · first statement Sep 20, 2019 by Immad Akhund · said 3 times in 3 episodes since 2019 · across every show →

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

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brought up most by Harry Stebbings (3)

every mention, scene by scene, with the transcript →

Everything said about Immad Akhund, oldest first

Sep 20, 2019 neutral
Insight
Immad Akhund: Venture capital focus is overwhelmingly driven by $10B outcomes
“Getting into a ten billion dollar company is just so much more important than anything else. And that is the mindset of good investors.”
Immad Akhund Sep 20, 2019 ▶ 23:34 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019
Insight
Akhund: High-performing employees who lack cultural fit are almost impossible to fire
“I find it very hard to fire people, and most people do, and especially people that are good at what they're doing, but they don't fit the culture. Those people are actually, like, almost impossible to fire.”
Immad Akhund Sep 20, 2019 ▶ 8:58 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 positive
Insight
Akhund: Angel investing improves fundraising by revealing implicit VC evaluation tactics
“I don't think naturally I'm actually that good at fundraising, but when you can understand how the other person's thinking and what are red flags, what are gray flags, green flags, I think it kind of helps a lot because you just, you know, when someone asks a …”
Immad Akhund Sep 20, 2019 ▶ 26:27 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 positive
Insight
Immad Akhund: Do investor catch-ups six months before fundraising
“My general advice to people is maybe six months before you're going to actually do a fundraise, Go spend maybe a week and go do like a catch up meeting or something with all the investors that you think might be interesting.”
Immad Akhund Sep 20, 2019 ▶ 25:38 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 negative
Insight
Akhund: Founders should avoid cumulative user graphs in pitch decks
“Things to avoid are cumulative graphs. Like, here's my total users. Like, active users is more important.”
Immad Akhund Sep 20, 2019 ▶ 29:44 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 negative
Opinion
Akhund: Traditional banks offer bad products and do not care about customers
“And I just really hate using bad products and they never improve. It never feels like the people at the bank really care about you as a customer.”
Immad Akhund Sep 20, 2019 ▶ 4:53 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 positive
Insight
Akhund: Revenue and net revenue are the most important pitch deck metrics
“At the end of the day, revenue and net revenue is the most important metric.”
Immad Akhund Sep 20, 2019 ▶ 29:37 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019
Insight
Akhund: Startup sustainability requires productivity and leverage, not weekend work
“It's not about working 10% more hours or working the weekends. It's much more about having a sustainable level where everyone's productive, everyone's leveraged.”
Immad Akhund Sep 20, 2019 ▶ 13:35 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 neutral
Disclosure
Akhund: Over half of Union Square Ventures founders had kids
“We were funded by Union Square Ventures, and the average founder at Union Square Ventures is older, and more than half of them already had kids”
Immad Akhund Sep 20, 2019 ▶ 13:08 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 negative
Insight
Akhund: Founders should reject 'always be raising' because it distracts from building
“I'm like, so out on that statement. I just think it's partly because I don't like fundraising at all. And it's partly because, you know, fundraising is not the objective. It's distracting. There's so much to do at a startup.”
Immad Akhund Sep 20, 2019 ▶ 24:18 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 positive
Insight
Akhund: The best competitive pitch slides aggregate incumbent revenues to show market size
“The best competitive slides are ones where they have a bunch of incumbents and you like add them all up and say, hey, this is a hundred billion dollar market. And then it becomes something positive.”
Immad Akhund Sep 20, 2019 ▶ 30:20 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 negative
Insight
Akhund: Investor updates fail if founders hide actual startup problems
“And at the end of the day, how can someone be helpful if they don't know the full picture, right? So I think if you're not starting from the initial view of I'm going to be honest, transparent, say actual problems, then you've like already failed.”
Immad Akhund Sep 20, 2019 ▶ 28:11 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019
Insight
Akhund: Startup ideas matter significantly, contrary to Silicon Valley belief
“And then the other thing that we're doing right this time is, I was kind of off the mindset that, like, ideas don't matter back then, and yeah, people go through this, like, Silicon Valley goes through this phase. Sometimes they're like, ideas don't matter, ju…”
Immad Akhund Sep 20, 2019 ▶ 9:09 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
Sep 20, 2019 negative
Insight
Akhund: Taking early VC meetings is a distraction, not proof of progress
“Sometimes it's like investors are literally their job is to meet people. Often I hear from an entrepreneur that like, oh, you know, blah, blah, blah. Investor reached out to me or like this VC wants to meet. And like, I'm on a second meeting with them. And lik…”
Immad Akhund Sep 20, 2019 ▶ 24:47 20VC: Mercury Founder Immad Akhund on Why Angel Investing Makes Founders Better Operators, The Right Way For Founders To Discuss and Present Competition To Investors & How To Think About Your Initial Wedge Into The Market and How It Expands Over Time
May 12, 2025
Assertion Not checkable as stated
Akhund has made about 350 angel investments since 2016
“Yeah, I've been doing angel investing actually since 2016. So I've done about 350 investments.”
Immad Akhund May 12, 2025 ▶ 1:21 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Disclosure
Immad Akhund: Mercury had only 40 employees when raising $120M Series B
“When I raised a hundred twenty million, I was like, I don't know how I'm going to spend a hundred twenty million. Like we had like a 40 person company”
Immad Akhund May 12, 2025 ▶ 11:24 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Insight
Akhund: At current seed valuations, investors must hunt for decacorns, not unicorns
“What we're really doing as seed investors is unicorn hunting, or I would say even, like, at these current evaluations, like, you're hunting for decacorns, and that doesn't, yeah, even if you're great at picking and you have a great network, et cetera you're no…”
Immad Akhund May 12, 2025 ▶ 19:15 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 positive
Disclosure
Immad Akhund generated over a 30x return on pre-seed investment in Truebill
“I don't know if I should say the exact multiple, but more than, like, 30 x, ah, it was a great multiple, and it was a short time period, like, 2016 to 20, 21.”
Immad Akhund May 12, 2025 ▶ 13:34 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Assertion Not checkable as stated
Akhund: Seed investments in unicorns can return as low as 8x
“If your entry price is like, 20, 25 mil you know, after you get that dilution you know, unicorn, like, sometimes it's like, I've seen as low as, like, eight X return from, like, a seed stage investment to unicorn”
Immad Akhund May 12, 2025 ▶ 19:42 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 neutral
Prediction Open · timeframe May 2030
Akhund: Mercury will eventually go public, but delay for five to seven years
“I want Mercury to be like a legacy long-term company. So being public is inevitable, but yeah, why do it today and not five years from now on, six years from now, seven years from now”
Immad Akhund May 12, 2025 ▶ 55:40 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 negative
Disclosure
Akhund: I passed on Scale AI because the founders were too young
“I saw scale AI and I was like, okay, you know, like good idea, but these people are so young. I think they were like 19 and 20 at the time or something. I was like, yeah, this is like, I was like, I think I could run this company better if I was doing it and I…”
Immad Akhund May 12, 2025 ▶ 17:47 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Prediction Open · timeframe May 2028
Akhund: New Fund Will Target 60 Non-Lead Startup Investments
“The idea is to invest into 60 companies and The reason that works is, you know, we're doing these non-lead checks.”
Immad Akhund May 12, 2025 ▶ 34:16 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 negative
Opinion
Immad Akhund: Thesis-driven funds are inferior to broad investing strategies
“I tend to, for deals I receive, I actually think thesis driven funds are not that great. Like I think it's better to have like a broad, broad investing strategy, but for deals that I receive, I kind of like thesis driven funds because I'm like, okay, they know…”
Immad Akhund May 12, 2025 ▶ 59:11 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Disclosure
Fund of Funds Account for ~60% of Akhund's $26M Fund
“Yeah, fund of funds is like sixty-ish percent and then a bunch of kind of entrepreneurs and GPs is like the bulk of the rest of it.”
Immad Akhund May 12, 2025 ▶ 48:43 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Disclosure
Akhund launches first $26M institutional fund with partner Yash Doshi
“Yeah, I finally closed on my first institutional fund. We raised twenty six million dollars. I'm partnering with kind of a friend of mine. Actually he invested in Mercury seven years ago. His name's Yash Doshi. He was at EQ two ventures, EQT ventures.”
Immad Akhund May 12, 2025 ▶ 1:02 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 positive
Assertion Not checkable as stated
Akhund: Sequoia Performed the Most Diligence Out of 20+ Series C Pitchers
“I pitched more than 20 funds as part of the CBC. Sequoia did the most work. Right. So like they did the most diligence with customers. They did the most work in the data room.”
Immad Akhund May 12, 2025 ▶ 8:31 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 positive
Assertion Not checkable as stated
Akhund: Founders still allocate me $150k after hotshot VCs close the round
“I've done rounds recently where the round is fully done with, like, some hotshot VC, and then I still get my one 50 K, and after the round is fully done so winning is, like, Easy right now.”
Immad Akhund May 12, 2025 ▶ 45:36 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 negative
Disclosure
Akhund: I don't invest in biotech because founder claims are hard to evaluate
“I don't personally do bio because, you know, I speak to someone and they're like, we've cured cancer. And I speak to the next person and they're like, we've cured cancer. I'm like, I don't know.”
Immad Akhund May 12, 2025 ▶ 43:46 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 positive
Disclosure
Akhund: Strong Investment Bias Toward Serial Founders with Chips on Shoulders
“I mean, I just prefer serial founders. Like I have such a bias towards them. A serial founder with the chip on their shoulder. Oh yeah. A hundred percent.”
Immad Akhund May 12, 2025 ▶ 0:17 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 positive
Assertion Not checkable as stated
Akhund: 100% of Mercury's first 30 alpha customers were my angel investments
“You know, actually like the, from the first 30 kind of alpha customers in Mercury, I think a hundred percent of them were like companies I'd invested in.”
Immad Akhund May 12, 2025 ▶ 50:17 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 positive
Assertion Partly supported
Akhund: Rappi hit unicorn status within a year of my seed investment
“Rappi was one of my first investments. Rappi is like a door dash for LADAM. Yeah. I literally invested and they did not talk to me again. Like they were just so busy and they grew that thing like crazy. And it was a unicorn within a year and a half. I invested…”
Immad Akhund May 12, 2025 ▶ 3:06 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 negative
Disclosure
Akhund: Mercury raised too much in its seed round, causing high dilution
“It's like we raised too much money in our seed round. Like we raised six million at like a twenty three million valuation. And like, this was because I was like, okay, fintech is hard. Like I want to have so much money that like I can go on for three years wit…”
Immad Akhund May 12, 2025 ▶ 1:01:49 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 bullish
Prediction Open · timeframe May 2040
Akhund: Airtable can reach a $50 billion valuation within 15 years
“I'm in it for the game as it was, and I do think, you know, these kind of compounders like Airtable you know, like there's companies I'm in where I'm like, okay, I can see this being a fifty billion dollar company, and if I just stick with it for, you know, ma…”
Immad Akhund May 12, 2025 ▶ 22:04 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 bullish
Insight
Akhund: If you get a massive valuation, raise big but don't spend
“I think the mistake is to not raise enough money. Like every now and then someone gets like a, you know, like a million dollar valuation, they raised like fifty million. I think that's a mistake. Like you want to raise enough money at that high valuation. And …”
Immad Akhund May 12, 2025 ▶ 11:07 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Insight
Akhund: Angel investors need at least 20 to 30 investments
“Doing like one or two is not going to make a difference. Like I think, so mostly I say to people, hey, if you have enough money, I mean, we're not talking about a ton of money, but if you have enough money to do at least 20 or 30 investments, that's when you s…”
Immad Akhund May 12, 2025 ▶ 18:49 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025 bullish
Prediction Open · timeframe May 2030
Akhund: Mercury will employ more software engineers in five years despite AI
“I think we'll have more. Like, I think the maybe I'm contrarian about it a little bit, but to me, if my engineers get more productive, I'm gonna come up with more things to do. Like, I'm gonna have, like, so much stuff that I want to do.”
Immad Akhund May 12, 2025 ▶ 27:49 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
May 12, 2025
Assertion Not checkable as stated
Akhund Secured Core Allocations for $26M Fund in Three Weeks
“The actual, like, getting, you know, the core allocations done was probably, basically, like, three weeks.”
Immad Akhund May 12, 2025 ▶ 47:36 20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund · 20VC with Harry Stebbings
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