Series C

9 statements across 9 episodes · 0 bullish · 3 bearish · 9 people on the record · first statement Dec 2, 2015 by Samir Kaji · across every show →

Everything said about Series C, oldest first

Dec 2, 2015
Assertion Partly supported
Kaji: Series B and C valuations are less bloated than seed
“If you look at the valuations of B, C and D, I'm sorry, B and C companies, The valuations aren't, you know, overly bloated relative to what we see at the very later stage, D and above, and also at the seed level.”
Samir Kaji Dec 2, 2015 ▶ 16:16 20 VC 093: Where Is The Micro VC Market Going with Samir Kaji @ First Republic Bank
Jan 10, 2020
Disclosure
Investors preempted ScaleFactor's Series B and C rounds
“Our B and C rounds were preempted.”
Kurt Rathmann Jan 10, 2020 ▶ 9:07 20VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
Mar 16, 2022 neutral
Insight
Startups should wait until Series C or 12 PMs to hire CPOs
“From what I've seen, it makes sense to do that maybe when you're, like, series C or something, when you have maybe a dozen PMs.”
Lenny Rachitsky Mar 16, 2022 ▶ 13:35 20 Product: Lenny Rachitsky on The 3 Key Roles of the Product Manager, 5 Skills All The Best PMs Have, When To Hire Your First PM, How to Structure the Hiring Process for PMs & What Leaders Can Do to Make Their PMs Successful
May 21, 2022 bearish
Disclosure
FJ Labs made zero Series C+ investments in 2021 due to pricing
“I mean, last year we didn't do a single deal C and beyond, just because prices are too high.”
Fabrice Grinda May 21, 2022 ▶ 50:51 Fabrice Grinda: The First Person to Predict the Collapse of Credit Suisse? | 20VC #886 · 20VC with Harry Stebbings
May 30, 2022 negative
Assertion Not checkable as stated
Rabois: Series C and late-stage VCs lack asymmetric information
“Typically people who are leading these series C and later rounds have no asymmetry of information. They may have asymmetry of closing. Asymmetry of deal flow, but there's no asymmetry of information.”
Keith Rabois May 30, 2022 ▶ 2:14 Keith Rabois: The End of Woke Capitalism; Time Allocation Tips; Silicon Valley vs Miami | 20VC #891 · 20VC with Harry Stebbings
Jul 2, 2022
Assertion Not checkable as stated
Yanisse: Checkr renegotiated Series C terms after missing revenue targets
“I think it was our Series C hardest. I mean, overall we've been lucky. I've had really fast, easy fundraisers because the business has been performing well and we have a good team. But the Series C was one of the hardest because we got the term sheet for the S…”
Daniel Yanisse Jul 2, 2022 ▶ 37:38 Daniel Yanisse: Biggest Mistakes Founders Make in the Hiring Process | 20VC #903 · 20VC with Harry Stebbings
May 9, 2023 bearish
Assertion Supported
Kohli: Series B deal volume and valuations are down over 50%
“I mean, you're talking about deal volume in Series B down more than 50%, valuations down more than 50% Series A is also down Series C is basically Gone, right? Like, I mean, you don't really hear of many late stage deals getting done anymore. It's very, it's r…”
Avlok Kohli May 9, 2023 ▶ 3:50 How Dire is the Startup Funding Market Today? | AngelList CEO Avlok Kohli · 20VC with Harry Stebbings
Jan 15, 2026
Assertion Not checkable as stated
O'Driscoll: Top VCs are on 80% of Series C cap tables
“And, you know, at the A, it's 40, 50% of total deals. The interesting, it climbs steadily, and by the C, it's about 80%. In other words, they, let's call it the Rory hard to beat mental list. By the time you get to the C, 80% of the time, one of, they have one…”
Rory O'Driscoll Jan 15, 2026 ▶ 56:02 Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings
Jan 19, 2026
Assertion Supported
Weinberg: Harvey was valued at $1.5 billion in its Series C
“I think we were, it was 1.5 is what we were valued at, and our revenue was definitely lower.”
Winston Weinberg Jan 19, 2026 ▶ 10:22 Harvey CEO Winston Weinberg: How to Make Mega Deals | Lessons from Rabois, Halligan & Grady · 20VC with Harry Stebbings
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