Tom Loverro

14 statements across 1 episodes · 5 bullish · 4 bearish · 1 people on the record · first statement Feb 13, 2023 by Tom Loverro · said 4 times in 3 episodes since 2022 · across every show →

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

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brought up most by Harry Stebbings (2)

every mention, scene by scene, with the transcript →

Everything said about Tom Loverro, oldest first

Feb 13, 2023 neutral
Prediction Not checkable as stated
Loverro: Startups will rush fundraising into July and August 2023
“I think a lot of firms or a lot of startups are going to be raising later this year. And that usually means like labor day and everybody wants to get in front of that. So my guess is July and August, we start seeing a lot more businesses come to market knowing…”
Tom Loverro Feb 13, 2023 ▶ 13:25 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 neutral
Insight
Loverro: VCs should heavily fund good companies or give zero capital
“If it's a good company, give them a lot of capital, and if it's not, zero. That's probably the right decision framework.”
Tom Loverro Feb 13, 2023 ▶ 13:02 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 bearish
Prediction Not checkable as stated
Loverro: Current tech downturn hangover will be worse than 2008 GFC
“In the lead up to the great financial crisis mortgages were going bananas. You had LBOs going bananas. Investors and venture weren't to the same degree. You didn't see companies in the public markets in tech or the privates trading at You know, hundreds of tim…”
Tom Loverro Feb 13, 2023 ▶ 14:01 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 negative
Opinion
Loverro: Every VC firm should have marked down portfolios recently
“Everybody should have done some sort of markdown in the past 12 months for their venture investments.”
Tom Loverro Feb 13, 2023 ▶ 19:06 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 positive
Insight
Loverro: Startup bridge rounds must provide at least six months runway
“A good bridge round at least six months. So I would ask really hard questions about any bridge round that's, you know, measured in weeks or a month or two.”
Tom Loverro Feb 13, 2023 ▶ 12:03 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 positive
Insight
Loverro: Marketing dollars are more effective in downturns as CAC falls
“The marketing spend that you have now is so much more powerful Then the marketing spend you had say during 21. Why? Your competition has pulled back. They're not bidding on keywords. So the CAC is down.”
Tom Loverro Feb 13, 2023 ▶ 30:34 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 negative
Opinion
Loverro: Passive venture capital governance is dead and will not return
“Last year, I have to say there was this meme that founders didn't want investors on their board, that governance wasn't important, and that founders just wanted cheap, easy capital, and I'm not sure I ever fully believed it, but I was damn scared that could be…”
Tom Loverro Feb 13, 2023 ▶ 44:30 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023
Insight
Loverro: Startups should finish fundraising with 6-7 months runway remaining
“My rule of thumb is you should start raising by 12 months. If you have 12 months of capital left, you're in the red zone. Now, does that mean you need to hit go and speak to every venture firm with exactly 365 days, you know, to go? No. But it means your strat…”
Tom Loverro Feb 13, 2023 ▶ 26:44 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 positive
Disclosure
Loverro: IVP took a disproportionate amount of liquidity in 2021
“We did feel a little bit like that in 21, and so we took a disproportionate amount of liquidity in 21.”
Tom Loverro Feb 13, 2023 ▶ 25:48 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023
Insight
Loverro: Ten-Day Fundraising Deadlines Work Best After Prior Relationship Building
“10 days is a good deadline. Have a deadline. The only other thing I'd add though, is if you really want people to have maximum conviction, 10 days is like the detailed diligence, but if they understand the business and they have a relationship with you, have t…”
Tom Loverro Feb 13, 2023 ▶ 34:05 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 bullish
Disclosure
Loverro: Passing on Fivetran cost hundreds of millions in missed gains
“Biggest mistakes in investing are not doing the things that make you a lot of money, because the opportunity cost there so far outweighs anything else. So I feel like my biggest mistake in the last couple years was not investing in an entrepreneur named George…”
Tom Loverro Feb 13, 2023 ▶ 48:00 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023
Insight
Loverro: VC Investors Focus on Recent Data Over Historical Metrics
“And so people care about the most recent data points, not the oldest data points. And you got to show them that.”
Tom Loverro Feb 13, 2023 ▶ 38:33 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 negative
Opinion
Loverro: Venture capital is too hierarchical and promotes talent too slowly
“And I think venture is too hierarchical we promote people too slowly, but a lot of the talent and the ideas come from people who are younger in their careers and so I think venture firms need to promote sooner, give mid-level junior people more credit, it'll o…”
Tom Loverro Feb 13, 2023 ▶ 45:45 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
Feb 13, 2023 bullish
Disclosure
Loverro: RRE Ventures executed a rare successful bridge round for Venmo
“At RRE, there was a bridge round we did for what is now a very famous fintech company that got the company to a sale. Ironically, though, in retrospect, that was just a good company. And they should have just raised more money and kept calling. That company wa…”
Tom Loverro Feb 13, 2023 ▶ 12:42 Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977 · 20VC with Harry Stebbings
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