late-stage investors

also referred to as: late stage investor · late stage investors

11 statements across 10 episodes · 1 bullish · 6 bearish · 8 people on the record · first statement Aug 8, 2016 by Matt Ocko · across every show →

Everything said about late-stage investors, oldest first

Aug 8, 2016 positive
Insight
Early-stage investors evaluate follow-on funding better than late-stage VCs
“In a perverse sense, their adjudication of whether that company deserves another three million or five million or seven million dollars is at least as good, if not better, than the next guy up the line, especially if that next guy up the line is by necessity D…”
Matt Ocko Aug 8, 2016 ▶ 6:43 20VC: Data Collective's Matt Ocko on Why "All Fund Size Models Are Wrong" and The Lifecycle of Current Venture Funds Is Inefficient?
Aug 8, 2016 negative
Insight
Early-stage VCs bias investments to please late-stage investors, says Matt Ocko
“Meanwhile, the early stage investor Because they have to consider this capital formation risk is at best unconsciously and at worst very consciously biasing the nature of the investments that they pick towards what is popular or acceptable or soothing to the t…”
Matt Ocko Aug 8, 2016 ▶ 5:36 20VC: Data Collective's Matt Ocko on Why "All Fund Size Models Are Wrong" and The Lifecycle of Current Venture Funds Is Inefficient?
Jan 30, 2017 neutral
Insight
Mendelson: Late-Stage Venture Investing Is Purely a Financial Exercise
“If we were late stage investors, totally different. It's a financial exercise at that point.”
Jason Mendelson Jan 30, 2017 ▶ 17:43 20VC: How 50% Of VCs Hurt Entrepreneurs, How To Build A Relationship Of Trust With Your VC and How Entrepreneurs Can Detect VC BS with Jason Mendelson, Co-Founder @ Foundry Group
Jul 12, 2017 negative
Opinion
Wincek: Late-stage VCs are bad at pricing future vision
“Late stage investors, frankly, are kind of bad at giving entrepreneurs credit for what could be. They see that as upside, but really they're very good at understanding what is working and how additional capital or how additional executives or how slight change…”
Roseanne Wincek Jul 12, 2017 ▶ 7:18 20VC: The Blurring of Early & Late Stage, Why Your Go To Market Strategy Is More Important Now Than Ever & Why Venture Is The Academia Of Tech with Roseanne Wincek @ IVP
Jul 17, 2018
Insight
Elad Gil: Avoid Taking Seed Checks From Growth Funds to Preserve Capacity
“The other thing I would keep in mind is that people who tend to invest late may be good sources of capital later. And if they own a lot of the company early, they're just not going to participate later. So there may be some funds that you want to sort of keep …”
Elad Gil Jul 17, 2018 ▶ 27:48 20VC: Elad Gil's High Growth Handbook on The Commonalities of The Truly Great CEOs, How To Hire The Very Best Execs, Why Cash is A Defensible Moat Today & The Pros and Cons of M&A and IPOs
May 6, 2022 negative
Insight
Lemkin: Timeline compression hurts late-stage investors unable to conduct diligence
“I actually think the compression, what I've seen, I think it's harder on the late stage investors who no longer can do diligence.”
Jason Lemkin May 6, 2022 ▶ 46:24 20VC: Why the Traditional Seed Fund Model No Longer Works, Why Multi-Stage Funds Investing at Seed Bring Signaling Risk but also Less Pressure, The One Criteria All Potential Sales Hires Need to Have and The Clear Signs of 10x Sales Hires with Jason Lemki
Jan 22, 2024 bearish
Prediction Not checkable as stated
Fisher: Late-stage VCs will prioritize getting 1x returns by 2026
“100%. That is exactly what's going to happen over the next 24 months. Various ways in which to get, you get your one X. And when you know that you want your one X, you want it now. You don't want to wait two, three, four years from that.”
Adam Fisher Jan 22, 2024 ▶ 58:32 Adam Fisher: Why Small Markets are Better Than Big Markets | E1106 · 20VC with Harry Stebbings
Apr 10, 2024 negative
Opinion
Ryan: Late-Stage VC Has Become Price-Competitive Private Equity
“What is true is that when you are a late stage investor writing fifty million dollar checks, that you are what we used to call private equity. So you're competing on price. There's already an established board. You're not adding that much value.”
Kevin Ryan Apr 10, 2024 ▶ 49:57 Kevin Ryan: Are the Best CEOs the Best Fundraisers & Why Ownership Should Not Be a Focus in VC|E1138 · 20VC with Harry Stebbings
Jul 31, 2025 negative
Insight
O'Driscoll: Late-stage venture carries 100% correlated valuation risk
“Remember you're only taking one risk as a late stage investor, which is valuation risk. And when it goes wrong in a hundred percent correlated fashion. Everything blows up in your face.”
Rory O'Driscoll Jul 31, 2025 ▶ 21:25 Why Apple Needs a Management Overhaul & Why Google is Catching Up with Hyperscalers · 20VC with Harry Stebbings
Sep 4, 2025 neutral
Insight
Lemkin: Late-stage investors do not care about small acquisition price changes
“You don't really care as a late stage investor. You don't care whether it's one or one Oh six or nine 84, because you're making the exact same amount.”
Jason Lemkin Sep 4, 2025 ▶ 15:25 Anthropic Raises $13BN & OpenAI Buys Statsig for $1.1BN All Stock · 20VC with Harry Stebbings
Aug 12, 2026 neutral
Insight
Late-stage investors design mega CEO incentive packages around 10x return hurdles
“In my limited experience with my portfolio, these mini Elon packages, they're basically all focused on 10 X what the last guy paid. That's what all the late stage investors do. Whatever I paid, 20 dollars, 20 dollars, and I just want 200 dollars for you to get…”
Jason Lemkin Aug 12, 2026 ▶ 1:15:08 Canva Slashes Growth | Talent Exodus at Google | Revolut's $50B CEO Package | Musk's $55B Terrafab
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