Merci Victoria Grace

17 statements across 1 episodes · 11 bullish · 2 bearish · 1 people on the record · first statement Jun 8, 2020 by Merci Victoria Grace · across every show →

Everything said about Merci Victoria Grace, oldest first

Jun 8, 2020
Insight
Bundled software only works for customers with stable, predictable needs
“A bundle is a perfect product for customers with a stable, predictable set of needs.”
Merci Victoria Grace Jun 8, 2020 ▶ 16:56 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 negative
Insight
Collaboration startups fail by targeting managers instead of end users
“I think the next thing that I see is selling into managers instead of individual contributors. At the end of the day, it can be counterintuitive to approach it this way, but the end user is your customer, even if they're not the person who's taking out their c…”
Merci Victoria Grace Jun 8, 2020 ▶ 18:53 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
Insight
In venture capital, founders are customers and investors are the product
“In venture, founders are customers, and the core loop is really similar. Evaluate, compete, and adapt. But when you're a VC, the product you're improving is really yourself and how you work with your firm.”
Merci Victoria Grace Jun 8, 2020 ▶ 7:28 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
Jun 8, 2020 neutral
Insight
VCs lack operational leverage and must aggressively filter their time
“In most of my working experience, I've been a leader and a manager and someone who had not just the leverage of a team around her, but also the leverage of the software that we were building, and so in venture, you have to be incredibly choosy with how you spe…”
Merci Victoria Grace Jun 8, 2020 ▶ 6:35 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
Opinion
Venture funding must rely less on exclusive operator networks
“I hope that venture funding becomes less of a closed circle, and actually that these networks become less important, and that access to this life-changing financial tool is democratized for many more people who didn't have the incredible luck That Jana and I h…”
Merci Victoria Grace Jun 8, 2020 ▶ 15:22 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
Revenue retention is the single best metric for collaboration startups
“If I had to choose one metric for collaboration and productivity companies, it would be revenue retention, because that tells the entire story.”
Merci Victoria Grace Jun 8, 2020 ▶ 22:03 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
Opinion
Venture capital needs more female and diverse check-writers
“Venture-backed companies are this outsized engine of wealth creation and societal change relative, right, to the dollars at work. Venture funding changed my life, and it changes the lives of founders and employees. And venture-backed companies have the scale a…”
Merci Victoria Grace Jun 8, 2020 ▶ 32:15 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
Prediction Not checkable as stated
Future startups will address the needs of an increasingly traumatized workforce
“So I think the companies that get started in the next years will be companies that wouldn't have been possible if not for this seismic shift. They're going to be responding to very new needs of an increasingly traumatized workforce.”
Merci Victoria Grace Jun 8, 2020 ▶ 16:45 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
Assertion Not checkable as stated
The COVID-19 remote work boom forestalled expected collaboration startup failures
“Almost all of these collaboration companies are proving to be counter-cyclical with COVID 19, and so far the mass adoption of remote work, I think, is really forestalling what you and I both thought would be a die-off of the first big wave of collaboration com…”
Merci Victoria Grace Jun 8, 2020 ▶ 26:09 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
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
Jun 8, 2020 negative
Insight
Poor go-to-market execution is the primary cause of collaboration startup failure
“In my experience, the number one reason that collaboration companies fail is they have a poor go-to-market despite having a high-quality product.”
Merci Victoria Grace Jun 8, 2020 ▶ 18:29 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
Assertion Supported
Merci Victoria Grace grew Slack from 500K to 6M daily active users
“There I became the head of product and I started and ran the growth team in the effort to drive our daily active users from 500,000 to over six million in about three years.”
Merci Victoria Grace Jun 8, 2020 ▶ 3:56 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
Sharing contrarian opinions on Twitter yields positive user engagement
“There's being mean on Twitter or attacking someone on Twitter, and I think that's very different from taking a principled political stand or just sharing maybe a contrarian opinion. My experience has been, when I do things like that, which I do often. I will g…”
Merci Victoria Grace Jun 8, 2020 ▶ 25:20 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
VCs cannot oversell themselves or show too much excitement to founders
“You can never be too early or too excited to work with the founder. And at first I was nervous about coming on too strong or being too aggressive, but it's really not possible to oversell.”
Merci Victoria Grace Jun 8, 2020 ▶ 32:01 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
Being good at Twitter is a competitive advantage for startup founders
“Being good at Twitter is a competitive advantage even though it sounds kind of silly. So, you know, a lot of organic growth flows through the conversations taking place on Twitter, and that's largely because that early core customer of a collaboration startup …”
Merci Victoria Grace Jun 8, 2020 ▶ 23:29 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
Insight
Great collaboration tools need 60% DAU/MAU and 140% net revenue retention
“Over 60% of your monthly active users should be daily active users. You should have a power user curve showing customers using the product every workday and net revenue retention of over 140%.”
Merci Victoria Grace Jun 8, 2020 ▶ 21:26 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
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