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Roger Ehrenberg

23 statements across 7 episodes · 7 bullish · 8 bearish · 3 people on the record · first statement Mar 1, 2017 by Roger Ehrenberg · said 46 times in 23 episodes since 2015 · across every show →

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

Mentions by year

brought up most by Harry Stebbings (28), Mike Maples (3), Gokul Rajaram (3), Rick Zullo (2), Jesse Beyroutey (2), Jerry Neumann (2), Zach Weinberg (1), Semil Shah (1)

tap a year for its mentions
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024201520162017201820192020202120222023202420252026episodes it came up in
0052104201520162017201820192020202120222023202420252026episodesmentions per episode
2026 3 mentions in 1 episode
2025 5 mentions in 4 episodes 1 per episode
2024 10 mentions in 4 episodes 3 per episode
2023 5 mentions in 4 episodes 1 per episode
2022 2 mentions in 2 episodes 1 per episode
2021 2 mentions in 1 episode
2020 5 mentions in 3 episodes 2 per episode
2019 9 mentions in 1 episode
2018 2 mentions in 1 episode
2017 2 mentions in 1 episode
2015 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Roger Ehrenberg, oldest first

Mar 1, 2017 positive
Prediction Held up
Ehrenberg: IA Ventures limits portfolios to 25 companies per fund
“Our adaptation of that is, you know, we're a very small firm taking an artisanal approach to venture investing where, you know, Brad, Jesse, and I, we have no junior people. We each do our own work. That by going deep in two to three companies a year each over…”
Roger Ehrenberg Mar 1, 2017 ▶ 5:20 20VC: The Power Of A Concentrated Seed Portfolio, Why Operational Value Add Models At Seed Do Not Make Sense & Why We Will See A Shakeout Of Growth Stage Investors with Roger Ehrenberg, Founder & Managing Partner @ IA Ventures
Mar 1, 2017 positive
Insight
Ehrenberg: Concentrated seed portfolios best deliver 3x to 5x net returns
“What that really led me to believe when I looked at modeling portfolio construction around the time that I started IA was that a much more concentrated strategy than a more traditional strategy. 40, 50, 60 portfolio constituent approach was what I felt had the…”
Roger Ehrenberg Mar 1, 2017 ▶ 4:13 20VC: The Power Of A Concentrated Seed Portfolio, Why Operational Value Add Models At Seed Do Not Make Sense & Why We Will See A Shakeout Of Growth Stage Investors with Roger Ehrenberg, Founder & Managing Partner @ IA Ventures
Mar 1, 2017
Insight
Ehrenberg: 24 months of runway is table stakes for development-stage startups
“In terms of having some extra cushion for companies that are really still very much in the developmental stage, I think, 24 months is table stakes.”
Roger Ehrenberg Mar 1, 2017 ▶ 11:30 20VC: The Power Of A Concentrated Seed Portfolio, Why Operational Value Add Models At Seed Do Not Make Sense & Why We Will See A Shakeout Of Growth Stage Investors with Roger Ehrenberg, Founder & Managing Partner @ IA Ventures
Mar 1, 2017 negative
Opinion
Ehrenberg: Complex term sheets and document obscurity in VC mean nothing
“I spent 12 of my 18 years in the derivatives markets, and I know that mystery and seeming obfuscation and complexity adds mystique. It's such bullshit. It's like the hardest part of VC is finding great people who are aligned on the challenging mission that's i…”
Roger Ehrenberg Mar 1, 2017 ▶ 24:01 20VC: The Power Of A Concentrated Seed Portfolio, Why Operational Value Add Models At Seed Do Not Make Sense & Why We Will See A Shakeout Of Growth Stage Investors with Roger Ehrenberg, Founder & Managing Partner @ IA Ventures
Mar 1, 2017 positive
Insight
Ehrenberg: Early-stage VC success requires process-oriented founders and data iteration
“Especially, Harry, where we're investing in IA, which is so early, where there is such sparse data, that if we don't have a process, if we don't have founders that embrace experimentation, if we don't have a rigorous approach to data collection, analysis, iter…”
Roger Ehrenberg Mar 1, 2017 ▶ 21:50 20VC: The Power Of A Concentrated Seed Portfolio, Why Operational Value Add Models At Seed Do Not Make Sense & Why We Will See A Shakeout Of Growth Stage Investors with Roger Ehrenberg, Founder & Managing Partner @ IA Ventures
Mar 1, 2017
Insight
Ehrenberg: Enterprise product-market fit means selling software without heavy services
“So to us, product market fit at that point is where sales cycle has come way in, where there's not the need for heavy services in order to get somebody to buy, but where the product fit and finish is such that somebody is just willing to buy the product.”
Roger Ehrenberg Mar 1, 2017 ▶ 12:46 20VC: The Power Of A Concentrated Seed Portfolio, Why Operational Value Add Models At Seed Do Not Make Sense & Why We Will See A Shakeout Of Growth Stage Investors with Roger Ehrenberg, Founder & Managing Partner @ IA Ventures
Jan 31, 2022 bearish
Prediction Not checkable as stated
Ehrenberg: Series B startups growing under 100% will not get good terms
“If you're a series B company and you're not growing a hundred percent year on year, are new investors going to be throwing term sheets at you in this environment? I don't think so. Certainly not at the prices that those founders would want.”
Roger Ehrenberg Jan 31, 2022 ▶ 21:47 20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures
Jan 31, 2022 bearish
Prediction Held up
Ehrenberg: Tiger Global and Coatue face horrific portfolio markdowns ahead
“You know, their mark to market now, the next couple of years is going to be horrific. They're going to see huge markdowns on a huge swath of their companies, a bunch of stuff that they had counted on to go public isn't going to go public.”
Roger Ehrenberg Jan 31, 2022 ▶ 27:15 20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures
Jan 31, 2022 neutral
Assertion Supported
IA Ventures raised $475M across four seed funds
“Roger is a founding partner at IA Ventures, one of the most successful seed funds of the last decade, with four hundred and seventy-five million dollars across their four funds.”
Harry Stebbings Jan 31, 2022 ▶ 0:16 20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures
Jan 31, 2022
Insight
Ehrenberg: Focus on portfolio fundamentals, not asset prices during downturns
“It's super important to go back to first principles, not focus on the price, but focus on the portfolio, and focus on, do you feel good about your positions?”
Roger Ehrenberg Jan 31, 2022 ▶ 8:52 20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures
Jan 31, 2022 neutral
Insight
Ehrenberg: Venture success relies on amplifying upside, not protecting downside
“Being successful in venture is not protecting downside, it's amplifying upside, and pay to play is Are all about protecting downside.”
Roger Ehrenberg Jan 31, 2022 ▶ 26:35 20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures
Jan 31, 2022 positive
Disclosure
Roger Ehrenberg launches $3M family micro-fund Eberg Capital
“It, like, literally, we're just now making our first couple of investments. It's like a three million dollar family micro fund called Eberg Capital.”
Roger Ehrenberg Jan 31, 2022 ▶ 42:08 20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures
Jan 31, 2022 negative
Insight
Ehrenberg: Seed investors should almost never join pay-to-play rounds
“What the data shows is that, and this is a hard thing to stomach, it almost never makes sense to participate in a pay-to-play as a very early investor. Almost never.”
Roger Ehrenberg Jan 31, 2022 ▶ 24:38 20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures
Jun 29, 2022 bearish
Assertion Not checkable as stated
Ehrenberg: The 2022 market downturn resembles 2001's valuation bubble, not a shock
“I think the difference between this and say, 87 and 97 with LTCM is that this is not a shock. This is not an episodic jolt. This is much more akin to O-one, when you had valuations getting stretched to the point of just lacking reason, and partly it was a func…”
Roger Ehrenberg Jun 29, 2022 ▶ 11:32 20VC: The Memo: Bill Gurley, Doug Leone, Keith Rabois; Investing Lessons from Prior Busts, How Their Investor Psychology Changed, What Can Be Applied To Today's Market
Aug 23, 2023 positive
Opinion
Zullo: Founders want 'personal trainer' board members like Roger Ehrenberg
“Founders, they want a personal trainer. They don't, you know, they want someone who's going to make them better. And yeah, I think there's folks like Roger Ehrenberg are great personal trainer.”
Rick Zullo Aug 23, 2023 ▶ 16:54 Jason Lemkin & Rick Zullo: How "Mark to Market" Corrupted Venture Capital | E1052 · 20VC with Harry Stebbings
Feb 19, 2024 bearish
What-if
Ehrenberg: I Would Spend Almost No Time Investing in Pure AI
“I'm not in pure tech anymore, but if I was, I would literally be spending almost no time in pure AI.”
Roger Ehrenberg Feb 19, 2024 ▶ 8:05 Roger Ehrenberg: Why VC Returns Will Get Worse & Why LP Incentive Structures are so Broken | E1117 · 20VC with Harry Stebbings
Feb 19, 2024
Insight
Roger Ehrenberg: Fund managers raising capital must be shocking and ignore playbooks
“Be different. Take risk. Don't play it safe. Have a deeply held thesis and just put it out there. Be shocking. Don't be a sheep. Don't follow the playbook.”
Roger Ehrenberg Feb 19, 2024 ▶ 1:17:19 Roger Ehrenberg: Why VC Returns Will Get Worse & Why LP Incentive Structures are so Broken | E1117 · 20VC with Harry Stebbings
Feb 19, 2024 negative
Opinion
Ehrenberg: Wall Street and Hedge Fund Culture Is Corrosive
“Knives were never sharper in terms of, you know, the politics, whether it's inside hedge funds or at the top of wall street, because the pie is big and people in those cultures want as much of the pie as they possibly can. And I just found that culture corrosi…”
Roger Ehrenberg Feb 19, 2024 ▶ 1:39 Roger Ehrenberg: Why VC Returns Will Get Worse & Why LP Incentive Structures are so Broken | E1117 · 20VC with Harry Stebbings
Jun 12, 2025 negative
Disclosure
Stebbings: Hopin, BeReal, and Clubhouse failed to be 20VC's top returners
“With my first fund, after 18 months, I predicted my top five fund returners, and you had your hop-ins, you had your B-reels, you had your clubhouse, and none of the five outperformers ended up being the outperformers, and the five outperformers I always had in…”
Harry Stebbings Jun 12, 2025 ▶ 40:11 Elon’s Empire: SpaceX, Tesla, Neuralink After the Storm & Anduril’s $2.6BN Power Move · 20VC with Harry Stebbings
Oct 16, 2025
Disclosure
Ehrenberg: Targets 110% to 120% Total Fund Deployment Using Recycling
“We also, we try to get to between, you know, a 110 to a 120% invested through recycling.”
Roger Ehrenberg Oct 16, 2025 ▶ 1:24:11 Thinking Machines Co-Founder Joins Meta for $3.5BN, Industry Venture's $665M Acquisition · 20VC with Harry Stebbings
Oct 16, 2025
Disclosure
Ehrenberg: Strategy Uses 1-2% Entry Checks, Saving 5-7% for Winners
“For me, the one to two percent of the fund at entry, that's, that is, that's what we do. And then it's that next check that could be for five percent of the fund or seven percent of the fund.”
Roger Ehrenberg Oct 16, 2025 ▶ 1:12:34 Thinking Machines Co-Founder Joins Meta for $3.5BN, Industry Venture's $665M Acquisition · 20VC with Harry Stebbings
Oct 16, 2025 bullish
Prediction Open · timeframe Oct 2026
Ehrenberg: Big Tech Will Increasingly Buy AI Startup Assets and Talent
“Essentially it's an asset purchase. And I think that's something we'll continue to see more and more of”
Roger Ehrenberg Oct 16, 2025 ▶ 19:05 Thinking Machines Co-Founder Joins Meta for $3.5BN, Industry Venture's $665M Acquisition · 20VC with Harry Stebbings
Oct 16, 2025 bullish
Insight
Ehrenberg: Regulatory and IP Complexity Protects Startups From AI Disruption
“But I do think that the issues of Legal and regulatory complexity. And again, whether, whether it's financial infrastructure or it's media rights, copyright, patent, IP, it makes it more nuanced than am I able to develop the next base model or a great platform…”
Roger Ehrenberg Oct 16, 2025 ▶ 44:28 Thinking Machines Co-Founder Joins Meta for $3.5BN, Industry Venture's $665M Acquisition · 20VC with Harry Stebbings
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