Sumit Gajri

8 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Jan 17, 2020 by Sumit Gajri · across every show →

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

Everything said about Sumit Gajri, oldest first

Jan 17, 2020
Disclosure
Gajri deploys the majority of his capital into known founders
“The places where I place the majority of my capital are not founders I met last week. The place where my capital goes is founders where, you know, I've already been spending time with them solving business problems, and we've already been working together befo…”
Sumit Gajri Jan 17, 2020 ▶ 19:58 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Jan 17, 2020 negative
Insight
Constrained early markets without expansion plans rarely yield 10x returns
“If you have a single product company and the market opportunity here is constrained, if the founder isn't able to eloquently tell you what's next if they win this market, it makes it difficult to put money in because then, you know, it's unlikely to hit a 10 X…”
Sumit Gajri Jan 17, 2020 ▶ 17:42 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Jan 17, 2020 positive
Insight
Small initial markets let startups achieve early dominance before expanding
“Where it doesn't matter is where, you know, you have a company like Carta where, yeah, the initial market size is small, but that's actually a good feature of this because it means that you can dominate that small market very early, and when finders have clari…”
Sumit Gajri Jan 17, 2020 ▶ 18:04 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Jan 17, 2020 negative
Insight
Early founder secondaries misalign incentives and deter prospective investors
“Where I do get concerned is like when you have these early series BC runs and founders are taking large percentages of our ownership off the table. That can be quite concerning because I think that it's not a good formula for a long-term success, especially if…”
Sumit Gajri Jan 17, 2020 ▶ 45:20 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Jan 17, 2020 positive
Insight
Driving huge venture returns requires leaps of faith without supporting data
“A lot of these non-consensus outcomes which drive huge returns do require an aspect of courage or the ability to take a leap of faith where, you know, oftentimes data may not support your decision at all.”
Sumit Gajri Jan 17, 2020 ▶ 50:48 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Jan 17, 2020 positive
Insight
Top Silicon Valley investors are defined by founder preference
“Ultimately, at the end of the day, I think the common theme across the best investors in the Valley over time is that they're actually just people that founders want to work with based on the experiences that other founders over time have had in the great comp…”
Sumit Gajri Jan 17, 2020 ▶ 7:03 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Jan 17, 2020 neutral
Insight
Junior VC team members cannot select their own investments
“If you want to pick the people that you get to work with, you have to be more than a junior member of the investment team. Typically, if you want to pick the investments, you have to be a voting member of the IC.”
Sumit Gajri Jan 17, 2020 ▶ 6:18 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Jan 17, 2020
Insight
Launching new products requires pairing domain experts with company insiders
“There's a blend you need to have between finding the right domain experts wherever inside of the company or outside the company and bring them on board. And then also working with people that have been at the company and understand your existing customers, und…”
Sumit Gajri Jan 17, 2020 ▶ 30:38 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
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