Samir Vasavada

26 statements across 1 episodes · 4 bullish · 6 bearish · 1 people on the record · first statement Jun 28, 2024 by Samir Vasavada · said 1 times in 1 episodes since 2020 · across every show →

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

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Everything said about Samir Vasavada, oldest first

Jun 28, 2024
Assertion Not checkable as stated
Vasavada: Parents Hired a Therapist to Stop Him From Running Vise
“There's a point in time where they had hired a therapist To talk me out of running the business and just be a normal kid.”
Samir Vasavada Jun 28, 2024 ▶ 49:24 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Assertion Not checkable as stated
Vasavada Earned $30,000 Building Apps by Age 14
“We made like 30 grand by the time we were 14, which felt like a ton of money.”
Samir Vasavada Jun 28, 2024 ▶ 2:06 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Insight
Vasavada: Investors Who Give Up Hurt More Than Initial Rejectors
“I think it's not necessarily the people that gave me no's, it's not the people that, like, didn't believe on me in the beginning. I think it's the people that gave up on me.”
Samir Vasavada Jun 28, 2024 ▶ 53:06 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Assertion Supported
Vasavada Founded Vise at 15 and a Half Years Old
“I was, 15 and a half when I started Vise.”
Samir Vasavada Jun 28, 2024 ▶ 3:43 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Disclosure
Vasavada: Vise Skipped Interviewing Early Execs and Only Pitched Them
“And we weren't, we didn't even interview them. Like, we were just in sell mode the whole time. We got We got our investors in sell mode. We were just trying to convince them to join.”
Samir Vasavada Jun 28, 2024 ▶ 21:01 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Insight
Vasavada: Founders Should Underwrite Stakeholders' Incentives, Not Their Emotions
“The mistake I made was underwriting people's emotions, not their incentives. And I was like, oh, this person is saying this particular thing to me. They feel this particular way. I don't want them to feel this particular way. I'm going to say this particular t…”
Samir Vasavada Jun 28, 2024 ▶ 46:52 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 positive
Assertion Partly supported
Vasavada: Vise Was Among the First Tech Startups to Execute a Reset
“And I ended up being right because when, before the market really took a turn, we were one of the first companies to do a major reset. And it was more painful because other companies weren't doing it, but it ended up positioning ourselves so significantly bett…”
Samir Vasavada Jun 28, 2024 ▶ 18:23 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Disclosure
Vasavada Confirms Selling Approximately $1 Million in Secondary Stock
“Around there.”
Samir Vasavada Jun 28, 2024 ▶ 41:37 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 positive
Opinion
Vasavada: VC Board Member Sean Acted as a Shadow Co-Founder
“Sean rolled up his sleeves, worked super hard. That guy is a total, like, just grinds. Like, I think he was like a shadow third co-founder.”
Samir Vasavada Jun 28, 2024 ▶ 26:33 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 neutral
What-if
Vasavada: Selling More Secondary Stock Would Have Been the Smart Financial Move
“I think it would have been a smart personal financial decision, and it's clear that a lot of other founders took, you know, sometimes a hundred million dollars of secondary. But so maybe from a personal financial decision, it would have been the risk-adjusted …”
Samir Vasavada Jun 28, 2024 ▶ 41:54 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Insight
Vasavada: Having $10 Million in the Bank Makes It Hard to Stay Hungry
“And I think if you have ten million bucks in the bank, like, it's just hard to be, it's hard to be miserable.”
Samir Vasavada Jun 28, 2024 ▶ 42:39 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 negative
Insight
Vasavada: 99% of Startup Advice Given to Founders Is Bad
“You don't get enough advice, and then you start getting capital, and you have stakeholders, and you get too much advice, and the problem is a lot of this advice is either bad advice, 99% of the advice is bad advice, and then the rest of the advice is contradic…”
Samir Vasavada Jun 28, 2024 ▶ 28:02 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 positive
Insight
Vasavada: Modest Secondary Liquidity Is Critical for Founder Decision-Making
“It was, I think, for a founder to get a little bit of liquidity is really, really important in terms of long-term decision-making. Because from an incentives perspective, if you're a founder and you've got a hundred percent of your, you know, net worth in, in …”
Samir Vasavada Jun 28, 2024 ▶ 40:41 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 positive
Assertion Supported
Vasavada: Became Youngest Founder of $1B Business at Age 20
“I was like the youngest person in history to have a billion dollar business. I think I just turned 20 when our company was valued at a billion dollars.”
Samir Vasavada Jun 28, 2024 ▶ 0:00 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 negative
Opinion
Vasavada: Raising $130M in 18 Months Was Bad for Vise
“So we raised something like a 120, hundred and thirty million dollars in an 18 month period. And that was a bad thing.”
Samir Vasavada Jun 28, 2024 ▶ 0:06 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 negative
Disclosure
Vasavada: Investors Pretended to Be Friends Until Vise Stopped Being Hot
“Some investors, I think, pretended to be our friends. And, you know, when incentives were flipped or we weren't as hot, I think they weren't our friends anymore, and I think that hurt because I thought those people were truly our friends.”
Samir Vasavada Jun 28, 2024 ▶ 45:58 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Assertion Supported
Vasavada: Vise's Entire Executive Team Turned Over Within 12 Months
“And we did this, like, five, six, seven times over with the executive team that fully turned over in, like, 12 months.”
Samir Vasavada Jun 28, 2024 ▶ 20:36 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Disclosure
Vise Co-Founders Paid Themselves $20K Annually Before Sequoia's Investment
“My co-founder and I were paying ourselves, like, 20 grand a year”
Samir Vasavada Jun 28, 2024 ▶ 8:07 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 negative
Insight
Vasavada: Scaling Headcount From 6 to 100 Slows Startups Down
“We had gone from, like, six people to, like, a hundred people overnight, basically, and A hundred people don't actually make your business move faster. It actually slows you down.”
Samir Vasavada Jun 28, 2024 ▶ 13:09 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 negative
Insight
Vasavada: Concentrating Board Ownership in One VC Suppresses Healthy Debate
“You want multiple voices in the boardroom, and I think the challenge is when you have One investor that owns 30% of the company and, you know, has piled in, you know, close to fifty million bucks, then you're going to have that investor's perspective as, you k…”
Samir Vasavada Jun 28, 2024 ▶ 11:26 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Disclosure
Vasavada: Firing an Employee Was the Right Decision 99.9% of the Time
“Like, I've never once, actually one exception, but I've, most of the, 99.9% of the time, never regretted letting someone go. It was almost always the right decision.”
Samir Vasavada Jun 28, 2024 ▶ 29:13 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Insight
Vasavada: A Startup's Preference Stack Matters More Than Its Valuation
“What matters more than your valuation is your preference stack, right?”
Samir Vasavada Jun 28, 2024 ▶ 44:11 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 negative
Disclosure
Vasavada Admits He Was Overly Optimistic With Early Investors Due to Naivety
“I think it was too optimistic early on, and I think now I see a deep sense of reality. And part of why I was very optimistic is just because I didn't know any other way to be. Like, I was just very, like, I was naive, and as a result of being naive, I was very…”
Samir Vasavada Jun 28, 2024 ▶ 59:02 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Insight
Vasavada: Use Transfer Restrictions to Block Unknown Buyers in Secondary Sales
“Well, you don't want investors, like if an investor wants to sell, you should let them sell, but you need to know who's buying the stock because the worst case scenario is you let the investor sell to some rando and that rando ends up being a pain On your cap …”
Samir Vasavada Jun 28, 2024 ▶ 38:38 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024 neutral
Disclosure
Vasavada Dropped Out of High School to Build Vise
“I had actually dropped out of high school to build this business and moved to the Bay Area.”
Samir Vasavada Jun 28, 2024 ▶ 4:46 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
Jun 28, 2024
Assertion Not checkable as stated
Vasavada Lived in SF's Crypto Castle With 12 People at Age 16
“So, like, there was a point in time, I was 16 years old. I was living in San Francisco. I was living in the Tenderloin, and then I moved to this house called the Crypto Castle. I was living with 12 people. We shared one bathroom.”
Samir Vasavada Jun 28, 2024 ▶ 47:52 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
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