late stage

4 statements across 4 episodes · 0 bullish · 2 bearish · 3 people on the record · first statement Jan 13, 2015 by Bob Ghoorah · across every show →

Everything said about late stage, oldest first

Jan 13, 2015 bearish
Opinion
Ghoorah: Late-stage tech valuations are in a bubble
“Well there is definitely in my opinion, humble opinion a bubble in valuations. Valuations in particular at the late stage are just sort of off the charts.”
Bob Ghoorah Jan 13, 2015 ▶ 18:41 20 VC 003: Bob Ghoorah on Startups, The Pitch and Uber
Jun 17, 2019
Insight
Hsu: Seed stage focuses on founders, while late stage focuses on business metrics
“If you think about the seed stage, right, they're really buying the founder when the investor invests. And when you think about the late stage, they're buying mostly a business, right? And then it's definitely some founder, but mostly a business.”
Jonathan Hsu Jun 17, 2019 ▶ 9:38 20VC: Why Historical Loss Ratios Are Simply Too High, Why Data Is The #1 Most Important Piece When Evaluating Effective Reserve Allocation & Why Nothing Is Truly Defensible Today with Jonathan Hsu, Co-Founder and General Partner @ Tribe Capital
Jun 12, 2025 bearish
Prediction Not checkable as stated
Rory O'Driscoll: Late-stage investing will prove harder over decade than 2021
“I also think there's probably been a little bit of a fake signal in 21 because even your okay ones got highly valued. So you probably think it's easier. Late stage looked a lot easier in 21 than it probably will look across a decade.”
Rory O'Driscoll Jun 12, 2025 ▶ 39:56 Elon’s Empire: SpaceX, Tesla, Neuralink After the Storm & Anduril’s $2.6BN Power Move · 20VC with Harry Stebbings
Jan 15, 2026
Insight
O'Driscoll: Late-stage VC involves correlated valuation risk, unlike early-stage
“In the early stage, you're taking uncorrelated business risk, and in the late stage, you're taking a hundred percent correlated valuation risk.”
Rory O'Driscoll Jan 15, 2026 ▶ 1:01:04 Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings
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