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Lightspeed Venture Partners

39 statements across 11 episodes · 18 bullish · 4 bearish · 8 people on the record · first statement Feb 19, 2018 by Jeremy Liew · said 335 times in 115 episodes since 2015 · across every show →

Mentions by year

brought up most by Harry Stebbings (207), Nicole Quinn (13), Mike Mignano (13), John Vrionis (9), Barry Eggers (9), Rory O'Driscoll (8), Alex Taussig (7), Semil Shah (5)

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2020 38 mentions in 10 episodes 4 per episode
2019 59 mentions in 12 episodes 5 per episode
2018 49 mentions in 13 episodes 4 per episode
2017 16 mentions in 5 episodes 3 per episode
2016 12 mentions in 3 episodes 4 per episode
2015 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Lightspeed Venture Partners, oldest first

Feb 19, 2018
Disclosure
Jeremy Liew: Lightspeed invested $475k in Snapchat at $4.25M valuation
“It was a 475 A thousand dollar investment at a four and a quarter million dollar pre-money valuation when the company was just the two founders.”
Jeremy Liew Feb 19, 2018 ▶ 8:42 20VC: Lightspeed's Jeremy Liew on Being The First Investor in Snapchat, Why The Pessimism Around Consumer Is Wrong & Why Silicon Valley Is An Isolated Bubble and What Can Be Done To Change This
Feb 19, 2018 positive
Insight
Jeremy Liew: Young women and Black youth predict future consumer tech trends
“If you follow what young women and young African Americans do today, you'll get a window into what we'll all do in the future. I think they're the really, the early adopters of popular culture, and so we always look for apps and services that over-index to tho…”
Jeremy Liew Feb 19, 2018 ▶ 19:59 20VC: Lightspeed's Jeremy Liew on Being The First Investor in Snapchat, Why The Pessimism Around Consumer Is Wrong & Why Silicon Valley Is An Isolated Bubble and What Can Be Done To Change This
Feb 19, 2018 bullish
Disclosure
Jeremy Liew: Lightspeed backed Rothy's due to explosive word-of-mouth stockouts
“We invested in a digitally native vertical brand called Rothy's. They make comfortable, fashionable women's flats, and they're growing incredibly through word of mouth, and we invested because They were growing so rapidly that their only constraint was that th…”
Jeremy Liew Feb 19, 2018 ▶ 20:21 20VC: Lightspeed's Jeremy Liew on Being The First Investor in Snapchat, Why The Pessimism Around Consumer Is Wrong & Why Silicon Valley Is An Isolated Bubble and What Can Be Done To Change This
Jul 30, 2018 positive
Prediction Open · timeframe Jul 2023
Lightspeed is drafting a template term sheet for early crypto rounds
“So we haven't released it yet, but we are in processing Of writing up a template term sheet for both fungible token and non fungible token projects at the formation stage.”
Adam Goldberg Jul 30, 2018 ▶ 14:29 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
Jul 30, 2018 bullish
Disclosure
Lightspeed announces investment in quantum computing startup StrangeWorks
“Yeah, so we announced our investment in StrangeWorks, Earlier today, actually. It's a quantum computing software company.”
Adam Goldberg Jul 30, 2018 ▶ 25:56 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
Jul 30, 2018
Disclosure
Goldberg invested in an unannounced project using a dual-token structure
“One interesting approach that I've seen that's used by at least one of the projects I've invested in, although unfortunately it's one that hasn't announced, is to have two separate tokens. One that's a payment coin, just for the utility of the service itself, …”
Adam Goldberg Jul 30, 2018 ▶ 15:59 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
Jul 30, 2018
Insight
Goldberg: Value in crypto projects accrues to equity or tokens, rarely both
“Value will usually accrue into either equity or a token network. It's very rarely both, but if it is both, it's probably like a 95%, five percent split.”
Adam Goldberg Jul 30, 2018 ▶ 14:14 20VC: Lightspeed Partner Adam Goldberg on Why There Remains No Mass Market Crypto Consumer Product, The Future For The Token Economy, The Good and Bad of Telegram's ICO and Why The Rate of Founder Learning is The Most Important Element A VC Can Assess
Sep 4, 2018 positive
Assertion Supported
Eggers: Lightspeed's Series A in Riverbed returned hundreds of millions
“The first big early stage outcome we had was Riverbed, where we were in the Series A with our friends at Excel, and that returned, you know, hundreds of millions of dollars to our investors.”
Barry Eggers Sep 4, 2018 ▶ 14:37 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Sep 4, 2018 positive
Disclosure
Eggers: Snapchat had under 100,000 users when Lightspeed made seed investment
“They still had less, less than a, about a 100,000 users when we invested and they'd gone up from 10,002 months before. Really good engagement, and so we made the seed investment.”
Barry Eggers Sep 4, 2018 ▶ 17:09 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Sep 4, 2018 positive
Assertion Supported
Eggers: Lightspeed delivered $1.8B in liquidity to LPs in 2017
“Last year we delivered about 1.8 billion dollars of liquidity to our LPs.”
Barry Eggers Sep 4, 2018 ▶ 24:22 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Apr 22, 2019
Insight
Liew: VCs should limit diligence to 3-5 thesis points over checklists
“If you have a very clear investment thesis, and, like, there's two or three things that you would need to believe to believe that this company can be extraordinary, and one or two things that you would need to verify to make sure that it's not going to be a di…”
Jeremy Liew Apr 22, 2019 ▶ 24:57 20VC: Lightspeed's Jeremy Liew on Why It Is More Important To Be Right Than Contrarian, The Most Common Mistakes Made By Hyper-Growth Companies & 3 Characteristics That Make An Individual Incredible At Sourcing
Apr 22, 2019 negative
Insight
Liew: Former operators turned VCs are most prone to over-steering founders
“People who used to be operators are most prone to, because they're actually used to making the key decisions, and if they had senior roles in their operating companies in the past, they might actually be used to, quote unquote, overruling the team when their j…”
Jeremy Liew Apr 22, 2019 ▶ 13:25 20VC: Lightspeed's Jeremy Liew on Why It Is More Important To Be Right Than Contrarian, The Most Common Mistakes Made By Hyper-Growth Companies & 3 Characteristics That Make An Individual Incredible At Sourcing
Apr 22, 2019 negative
Insight
Liew: Investors cannot make a good company great through investor value alone
“Folks who believe that they can take a good company and make it great by sheer value being an investor, I think in general, maybe being a little bit too optimistic.”
Jeremy Liew Apr 22, 2019 ▶ 13:10 20VC: Lightspeed's Jeremy Liew on Why It Is More Important To Be Right Than Contrarian, The Most Common Mistakes Made By Hyper-Growth Companies & 3 Characteristics That Make An Individual Incredible At Sourcing
Sep 2, 2019 neutral
Insight
Messerschmidt: Growth velocity beats overall revenue when raising a Series A
“So we'd much rather back a company who's gone from like zero to 500 K in a few months with strong organic traffic than a company who hit a million dollars a month rate, but the growth has slowed significantly.”
Jana Messerschmidt Sep 2, 2019 ▶ 19:51 20VC: How Founders Can Gain Leverage in Fundraising Negotiations, The Metrics You Need To Raise Your Series A in Consumer & What We Have To Change About Cap Table Construction with Jana Messerschmidt, Partner @ Lightspeed Venture Partners
Oct 21, 2019 bullish
Disclosure
TripActions manages $1B+ in corporate travel, growing 15% to 20% monthly
“They now manage over a billion dollars in corporate travel. They're growing 15 to 20% month over month.”
Arif Jan Mohamed Oct 21, 2019 ▶ 28:08 20VC: Lightspeed's Arif Janmohamed on Why Market Risk Is The Most Dangerous Risk To Underwrite As A VC, How To Determine When to Stretch vs Not on Price Today & The $TRN of Market Cap Up For Grabs Today In Enterprise
Oct 21, 2019
Insight
Startups should land $75K enterprise deals and expand them to $5M
“Really, the reason they do that is mid-market customers move faster, but of course, you capture less value, but you can get some velocity and you can get some market signals about product market fit in the mid market. And meanwhile, you're executing on a longe…”
Arif Jan Mohamed Oct 21, 2019 ▶ 20:50 20VC: Lightspeed's Arif Janmohamed on Why Market Risk Is The Most Dangerous Risk To Underwrite As A VC, How To Determine When to Stretch vs Not on Price Today & The $TRN of Market Cap Up For Grabs Today In Enterprise
Oct 21, 2019 bullish
Assertion Not checkable as stated
Enterprise tech was a contrarian VC focus in 2008
“In 2008, they had a strong point of view that enterprise would be one of the largest market opportunities, and this was almost a contrarian point of view back in 2008. Not a lot of people were looking at very closely at enterprise”
Arif Jan Mohamed Oct 21, 2019 ▶ 7:21 20VC: Lightspeed's Arif Janmohamed on Why Market Risk Is The Most Dangerous Risk To Underwrite As A VC, How To Determine When to Stretch vs Not on Price Today & The $TRN of Market Cap Up For Grabs Today In Enterprise
Jun 8, 2020 positive
Insight
Collaboration software growth relies on account expansion over top-of-funnel acquisition
“Strong revenue growth in this sector really comes from expanding within customers you've captured, more so than just the top of funnel.”
Merci Victoria Grace Jun 8, 2020 ▶ 21:15 20VC: Lightspeed Partner, Merci Victoria Grace on The Future of Collaboration Tools, Bundling vs Unbundling, Synchronous vs Asynchronous & What It Means To Productise The S*** Out of Venture
Jun 8, 2020 positive
Insight
Investors should offer immediate operational help to engage early-stage founders
“One of the things that's been helpful for me is I have a lot of very relevant operational experience, and so I can say, hey, let's do a working session on product market fit. I would love to talk to you about go-to-market things that are really low effort for …”
Merci Victoria Grace Jun 8, 2020 ▶ 14:28 20VC: Lightspeed Partner, Merci Victoria Grace on The Future of Collaboration Tools, Bundling vs Unbundling, Synchronous vs Asynchronous & What It Means To Productise The S*** Out of Venture
Nov 2, 2020 positive
Disclosure
Eggers: Lightspeed allocated 100% of 2020 scout slots to racial minorities
“For twenty-twenty, we decided that our entire Lightspeed Scout program would be a hundred percent racial minorities, and so we put the word out in our network informally that we were going to do this. Within two weeks, we had 350 people apply for 25 spots, and…”
Barry Eggers Nov 2, 2020 ▶ 18:46 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Nov 2, 2020 positive
Assertion Supported
Eggers: Lightspeed expanded its female investor team from one to ten
“We have one female investor four years ago. We have 10 now, which I think might be the highest in the industry.”
Barry Eggers Nov 2, 2020 ▶ 18:15 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Nov 2, 2020 neutral
Assertion Not checkable as stated
Eggers: Lightspeed's 2020 seed rounds resemble Series A rounds from 2010
“When we refer to seeds today within Lightspeed, they look a lot like what we used to call Series A's 10 years ago. We've just almost shifted everything to the right one.”
Barry Eggers Nov 2, 2020 ▶ 13:04 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Feb 24, 2021
Disclosure
75% of Snapchat's Early Users Were High School and College Women
“When we met Snapchat, one of the things that really caught our attention was that 75% of the user base were young women in high school and college”
Jeremy Liew Feb 24, 2021 ▶ 9:33 20VC: The Snapchat Memo: Lightspeed's Jeremy Liew on The 4 Key Elements To Consider When Evaluating A Consumer Social Product, What is Good/Great/World Class For Retention, Usage and Downloads in Consumer Social Today & The Core Insight Development of Eva
Feb 24, 2021
Assertion Supported
Lightspeed Invested in Snapchat's Seed Round at a $4.25M Valuation
“At the seed at four and a quarter pre, and, like, here we are looking at 13, and just thinking, well, you know, that's three times higher.”
Jeremy Liew Feb 24, 2021 ▶ 32:40 20VC: The Snapchat Memo: Lightspeed's Jeremy Liew on The 4 Key Elements To Consider When Evaluating A Consumer Social Product, What is Good/Great/World Class For Retention, Usage and Downloads in Consumer Social Today & The Core Insight Development of Eva
Feb 24, 2021
Assertion Supported
Snapchat's Monthly Burn Rate Exceeded $1M Within a Year of Seed
“Burn, within a year from our investment, Burn was in excess of a million dollars a month”
Jeremy Liew Feb 24, 2021 ▶ 30:57 20VC: The Snapchat Memo: Lightspeed's Jeremy Liew on The 4 Key Elements To Consider When Evaluating A Consumer Social Product, What is Good/Great/World Class For Retention, Usage and Downloads in Consumer Social Today & The Core Insight Development of Eva
Feb 24, 2021
What-if
Lightspeed Passed on a Snapchat Follow-On Investment at a $13M Valuation
“If we'd invested, I think that if we'd done that round, I think the terms were three on 13 or something like that. It would have been a great outcome for the company and for Lightspeed.”
Jeremy Liew Feb 24, 2021 ▶ 31:58 20VC: The Snapchat Memo: Lightspeed's Jeremy Liew on The 4 Key Elements To Consider When Evaluating A Consumer Social Product, What is Good/Great/World Class For Retention, Usage and Downloads in Consumer Social Today & The Core Insight Development of Eva
Nov 17, 2023 neutral
Assertion Supported
Quinn: Lightspeed's fund sizes grew from $700M to $7B in ten years
“When I started a decade ago, we were raising seven hundred million dollar funds. They're now seven billion dollar funds.”
Nicole Quinn Nov 17, 2023 ▶ 1:52 Roundtable #6 with Rebecca Kaden, Nicole Quinn, Eurie Kim, Harry Stebbings | E1083 · 20VC with Harry Stebbings
May 5, 2025 positive
Assertion Not checkable as stated
Bucky Moore: Top venture returns come from concentrating capital in seed winners
“If you look at some of the best venture investments in history, they've been these seed investments in these companies that have gone on to grow really, really large, and they've come from an investor who's continued to concentrate more and more capital in tha…”
Bucky Moore May 5, 2025 ▶ 48:50 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025
Insight
Bucky Moore: Traction Signals Founders Capable of Overcoming Market Limits
“I've already told you why I think people are more important than everything for one, and I think that some of the biggest mistakes I've made as an investor is when I've ignored traction because I've had reservations about the market. Traction is so hard to man…”
Bucky Moore May 5, 2025 ▶ 59:11 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025
Insight
Moore: Perks don't win competitive VC deals, deep founder insights do
“Look, these parlor tricks exist. Every firm engages in them. Depending on founders, like, they either respond positively to it or not. But ultimately what I've found in practice is that none of that stuff really matters. What matters is did you put the work in…”
Bucky Moore May 5, 2025 ▶ 32:11 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 positive
Assertion Not checkable as stated
Moore: Multi-stage VC firms actively seek collaboration with seed funds
“I can tell you that none of the multistage firms that I know well do anything but seek to be very collaborative and follow what the C firms are doing very closely for that reason.”
Bucky Moore May 5, 2025 ▶ 49:34 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 bullish
Prediction Not checkable as stated
Moore: Only five to six mega VC platforms will dominate the market
“It doesn't appear as though the supply of capital from platforms like the one that I've just joined or some of the others that we've talked about is going to go up in, in, in size. And so again, you could argue that these five to six firms kind of have this ca…”
Bucky Moore May 5, 2025 ▶ 11:46 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025
Insight
Moore: Investment selection is harder at prominent VC funds
“Look, so that strategy can definitely work, but I would argue, and this is maybe world's smallest violin, that picking is actually much, much harder. In these larger firms that have notoriety in the market. And the reason for that is because the opportunity se…”
Bucky Moore May 5, 2025 ▶ 35:03 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 neutral
Insight
Moore: Writing Small Early Checks Does Not Guarantee VC Access
“If you're going to start doing that as a later stage firm, you've got to be committed to putting the legwork in to actually use that as a wedge to develop that relationship that does give you the access. Because I think The check itself does not.”
Bucky Moore May 5, 2025 ▶ 44:54 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 bullish
Insight
Moore: Industrial applicability in robotics could surprise to the upside
“And when I look at like a trend like robotics that is still so, so early, but at least in my mind, I've convinced myself that this time is truly different in terms of the industrial prep in terms of the industrial applicability of these products. It really, to…”
Bucky Moore May 5, 2025 ▶ 14:33 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 negative
Assertion Not checkable as stated
Moore: Countless talented founders are currently trapped in mediocre startups
“There are countless companies in the industry right now where you have really talented founders working on something that's kind of working, but maybe not working to the degree that they hope. And in some sense, they're kind of stuck with it.”
Bucky Moore May 5, 2025 ▶ 25:10 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 positive
Insight
Moore: Lower startup valuations make successful M&A exits much easier
“The ability to find a good home for the company and do good by your investors and your employees is let's just say much easier to come by when you keep valuation down.”
Bucky Moore May 5, 2025 ▶ 24:08 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 neutral
Opinion
Bucky Moore: The Bar for Startup Growth Rates Has Dramatically Risen
“And right now, to your point, the bar is going up for what best idea looks like when it comes to growth rates and momentum. We can talk about the quality of that revenue and how it's very mixed, and this has been discussed many times on this show and outside o…”
Bucky Moore May 5, 2025 ▶ 28:13 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
May 5, 2025 negative
Insight
Moore: Extra startup runway can be punitive due to founder opportunity cost
“Having that extra, you know, two or three years of runway can actually be really, really punitive Given the opportunity cost associated with amazing founders time.”
Bucky Moore May 5, 2025 ▶ 24:52 Bucky Moore @ Lightspeed Venture Partners: Why You Cannot Do VC If You Do Not Do Pre-Seed · 20VC with Harry Stebbings
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