venture capital market

also referred to as: venture capital markets

28 statements across 25 episodes · 6 bullish · 17 bearish · 23 people on the record · first statement May 18, 2016 by Jenny Lefcourt · across every show →

Everything said about venture capital market, oldest first

May 18, 2016 negative
Opinion
Lefcourt: 2014 venture dealmaking pace was irrational and unsustainable
“When I joined Freestyle, deals were going so fast and furious, and I would also say, Argue that I saw a lot of stupid stuff happening, things that I could recognize because I was here in 2001 and I was here in 2008. Right. And so I've seen the downturns and I …”
Jenny Lefcourt May 18, 2016 ▶ 11:30 20VC: How Startups Should React To Today's Funding Environment & Why Big Markets Are More Forgiving with Jenny Lefcourt, Partner @ Freestyle.vc
May 20, 2016 negative
Assertion Supported
Drury: New Zealand VC deals were capped at $3M around 2006
“So New Zealand, back sort of 10 years ago, And before, there really wasn't a sophisticated, ah, venture capital market. So probably the largest deal done had been maybe two to three million, and there wasn't a lot followed on something like that.”
Rod Drury May 20, 2016 ▶ 4:06 20VC: Xero's Rod Drury on IPO on Day 1 To Hedge Fund to VC & Doing Startups Backward
Nov 7, 2016 negative
Opinion
Caldbeck: Excess VC capital creates unnatural competition and irrational spending
“And too much funding for companies where the core business doesn't make sense, and so it really breeds unnatural competition, irrational behavior on the part of companies in terms of spend, and so you really do have to, I think, be a lot more thoughtful around…”
Justin Caldbeck Nov 7, 2016 ▶ 22:35 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
May 17, 2017 positive
Opinion
Raney: VC funding decline reflects a shift toward sustainable investment levels
“I think what we're doing is we're going from an unsustainable level investing to something that's more sustainable.”
Scott Raney May 17, 2017 ▶ 6:14 20VC: Why It Is Good Company Funding Has Been Down 6 Quarters In A Row, Why Unanimity Does Not Work In VC Decision-Making & Why It Is Dangerous To Be A Spreadsheet Investor with Scott Raney, Partner @ Redpoint Ventures
Oct 11, 2017 neutral
Assertion Partly supported
Kaji: Venture market has seen a nine-year bull run since 2008
“We've been in a nine-year bull run where we haven't seen a downturn since 2008.”
Samir Kaji Oct 11, 2017 ▶ 4:13 20VC: What Does It Take To Raise A Venture Fund Today, An Analysis of The Explosion of Seed Financing & Why IRR No Longer Takes Centre Stage with Samir Kaji, Senior Managing Director @ First Republic Bank
May 15, 2020 positive
Assertion Not checkable as stated
Kunst: Sidelined investors view the 2020 downturn as a necessary market right-sizing
“And there's a lot of money that had been sitting on the sidelines for the last Six, 1218 months, maybe still investing a little bit here or there, but their general feeling was the market's overheated, and now they're seeing a right sizing of that, and they're…”
Sarah Kunst May 15, 2020 ▶ 24:00 20VC: Sarah Kunst on Why There Is Plenty Of Investor Money Still Available, The Megan Markle Effect and How It Impacts Hiring and Talent & Whether GP Commits Prevent Diversity and Inclusion
Aug 3, 2020 bearish
Prediction Didn’t hold up
Jurvetson Predicts VC Market Unraveling and Capital Scarcity by 2021
“I expect that we'll see that again, where things will feel just like you see in the public markets this time, as if nothing's happening. And then slowly but surely over the next year, this will all unravel and you'll have a period of scarcity.”
Steve Jurvetson Aug 3, 2020 ▶ 7:12 20VC: Steve Jurvetson on 20 Years of Friendship with Elon Musk, How To Analyse Market Timing, Why Venture Does Not Scale & Why He Has Never Sold A Share in Any Company He Holds
Oct 19, 2020 bearish
Prediction Open · timeframe Oct 2028
Cyan Banister: High seed valuations will cause poor VC returns by 2027
“Well, what's going to happen is there's going to be a reckoning and there always is one market will work itself out where people look at their returns seven, eight years from now, and they're not going to be great.”
Cyan Banister Oct 19, 2020 ▶ 18:36 20VC: Cyan Banister on Her Relationship To Money, Risk, Her Investment Decision-Making Process, Why We Will See A Reckoning in the Early Stage Market, Her Biggest Takeaways from HQ Trivia & The Future of Silicon Valley
Feb 18, 2021 bullish
Prediction Held up
Wallace: Corporate VC will exceed 50% of all venture dollars by 2031
“And I expect that sometime over the next decade, it'll be more than half.”
Brendan Wallace Feb 18, 2021 ▶ 37:35 20VC Special: The Real Estate Fintech OGs on Why This Is Not The End For The Bay Area and What Can Be Done To Solve It, The Pros and Cons of Working with Corporate Investors and How Leading Their Teams Has Fundamentally Changed in a COVID World
May 17, 2021 neutral
Assertion Not checkable as stated
Deven Parekh argues insider signaling risk no longer prevents follow-on rounds
“I mean, the market has shown that the signaling risk is not that significant of a risk. That is entirely possible for us to invest in something earlier, for us to not pursue the next round, and for the companies still have to be able to raise capital.”
Deven Parekh May 17, 2021 ▶ 18:51 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
May 17, 2021 neutral
Assertion Supported
Deven Parekh notes two-and-a-half-year fund deployment pacing is the venture average
“I think we're probably now average in two and a half years, and certainly a lot of firms are coming back even sooner.”
Deven Parekh May 17, 2021 ▶ 13:44 20VC: Insight Managing Director, Deven Parekh on The Current Funding Mania, Compression of Round Timelines, Fund Deployment Speeds Increasing & How To Think Through Price and Time Allocation Across the Portfolio
Aug 26, 2021 bearish
Opinion
Rotman: Venture price discipline has collapsed to math
“The price discipline has disappeared from the market, and I think it's collapsed to math.”
Frank Rotman Aug 26, 2021 ▶ 17:56 20VC: Has Price Discipline Disappeared? Is it Possible to Build Ownership Over Time? Why Venture Is Less Collaborative Now Than Ever? How fast Do Breakout Companies Become Obvious? How To Construct an Optimised and Repeatable Investment Decision-Making Pr
Nov 24, 2021
Assertion Not checkable as stated
Christoph Janz: Early-stage venture deals in 2021 close within a week
“Totally unbelievable today with the current pace in this environment where everything gets done in a week, right?”
Christoph Janz Nov 24, 2021 ▶ 6:59 20VC: The Contentful Memo: Point Nine's Christoph Janz on The Cold Email That Led to a Unicorn Investment, How To Approach Market Sizing and Timing & The Pros and Cons of Pre-Emptive Rounds, When To Do Them vs When Not To?
Jul 8, 2022 bearish
Opinion
Chalfen: VC market overfunded startups as scale-ready from 2020 to 2022
“And that's a way that the whole market, in my opinion, the last two years has overfunded businesses as if they're ready to scale.”
Mike Chalfen Jul 8, 2022 ▶ 53:51 Mike Chalfen: How to Build Anti-Fragile Venture Portfolios Today | 20VC #904 · 20VC with Harry Stebbings
Aug 12, 2022 bearish
Prediction Open · timeframe Aug 2030
Bannister: Weak VC returns in seven years will force market discipline
“What's going to happen is there's going to be a reckoning, and there always is one, market will work itself out, where people look at their returns seven, eight years from now, and they're not going to be great. That will create some discipline in the market.”
Cyan Banister Aug 12, 2022 ▶ 9:08 20VC: 13 of the Great Investing Minds on When to Pay Up vs When To Remain Disciplined and Walk Because the Price is too High: The Ultimate Guide to Price Sensitivity
Nov 21, 2022 bearish
Prediction Not checkable as stated
Shah: The venture capital downturn will be prolonged
“It feels like we're just in the early innings of this like administration of pain or like the game hasn't even really started. So it feels like it will be quite prolonged.”
Semil Shah Nov 21, 2022 ▶ 1:13:26 Semil Shah: Lessons Learned Scaling from a $1M to a $50M Fund | 20VC #951 · 20VC with Harry Stebbings
Oct 18, 2023 bullish
Prediction Not checkable as stated
Clarkson: Venture Market Is at Bottom and Will Recover by 2024-2025
“I think we're bumping along the bottom. I think it should start coming up at some point. You know, I don't know if Jason's right, it's back half of 24, you're right, and it's 20, 25. At some point, it will come back up.”
Beezer Clarkson Oct 18, 2023 ▶ 58:02 Beezer Clarkson: Are LPs Open for Business & Why Do LP Incentive Mechanisms Need to Change? | E1073 · 20VC with Harry Stebbings
Feb 5, 2024 negative
Opinion
Tisch: VC signaling is a fake concept that does not exist
“I don't believe in signaling. I think it's a fake word and I don't think it exists in this market.”
David Tisch Feb 5, 2024 ▶ 1:18:00 David Tisch & Terrence Rohan: Biggest Misconceptions & Hardest Truths About Seed Investing | E1112 · 20VC with Harry Stebbings
Feb 9, 2024 bearish
Prediction Not checkable as stated
Bannister: Overpaying VCs face weak returns and a reckoning in 7-8 years
“What's going to happen is there's going to be a reckoning and there always is one market will work itself out where people look at their returns seven, eight years from now, and they're not going to be great. I think that will create some discipline in the mar…”
Cyan Banister Feb 9, 2024 ▶ 19:28 20VC: Doug Leone, Bill Ackman, Bill Gurley and Orlando Bravo on "Does Price Matter"; When to Pay Up vs When to Stay Disciplined, The Biggest Lessons on Price Discipline from 8 of the World's Best Investors
Apr 3, 2024 bearish
Assertion Not checkable as stated
Stephens: The 2024 Venture Market Is Repeating 2021 Bubble Mistakes
“And I think now in 20, 24, looking back on what happened, it's very easy in retrospect to say, Wow. We really let that get out of hand. And now we've got, we have to do a recap. We have to do a down round. We have to do all this crazy structure, but we're doin…”
Trae Stephens Apr 3, 2024 ▶ 24:26 Trae Stephens: Why No Company is Successful Because of their VC | E1135 · 20VC with Harry Stebbings
May 1, 2024 bearish
Prediction Open · timeframe May 2029
Mark Suster: Venture market correction will take another five years
“So we're two years into a correction. I think it's going to take another five.”
Mark Suster May 1, 2024 ▶ 32:42 Mark Suster: Why Private Equity Will Replace IPOs and M&A as the Exit Path | E1147 · 20VC with Harry Stebbings
Apr 10, 2025 bearish
Prediction Open · timeframe Apr 2027
Hulme: Less venture capital will be available in two years
“I actually think there's probably going to be less money in the market for venture in two years than there is today.”
Tom Hulme Apr 10, 2025 ▶ 18:57 Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem · 20VC with Harry Stebbings
May 1, 2025 negative
Assertion Supported
O'Driscoll: VC is currently stuck in high valuations and tight exits
“Right now we have the low, low quadrant. It's very expensive to do these new great deals and at the same time, exits are tight.”
Rory O'Driscoll May 1, 2025 ▶ 3:11 What Does it Take to Be Good at Series A and B Today? · 20VC with Harry Stebbings
Oct 23, 2025 bullish
Assertion Contradicted
O'Driscoll: ChatGPT ended the 2022 VC market correction within a year
“In the context of anyone playing this business from 2010 on, there has never been a period of longer than a year where there's been a substantive correction or a curtailment of capital. The only year would have been 22, twenty-three-ish, and God bless ChatGPT …”
Rory O'Driscoll Oct 23, 2025 ▶ 1:10:20 Why VC Today is Worse than 2021 · 20VC with Harry Stebbings
Oct 23, 2025 bullish
Opinion
Calacanis: Present VC market is the easiest ever for investing
“Yeah, because there's because there's so many entrepreneurs. There's so much change. Change is when you make money, right? Change is when you make money in venture. There's so much change. There's so many great entrepreneurs, and we don't have to worry about g…”
Jason Lemkin Oct 23, 2025 ▶ 1:12:16 Why VC Today is Worse than 2021 · 20VC with Harry Stebbings
Oct 23, 2025 bearish
Opinion
O'Driscoll: Current VC market is as tough as it has ever been
“It was a great time in 2010 1015. It was tough in 21. Frankly, it feels tough today, as tough as it's ever been, because the good news is stuff is working, but there's a lot of variance, a huge amount of capital, and it feels a tough, you're way out there on t…”
Rory O'Driscoll Oct 23, 2025 ▶ 1:11:33 Why VC Today is Worse than 2021 · 20VC with Harry Stebbings
Nov 21, 2025
Assertion Not checkable as stated
Altman: Capital supply grew 10x while top-tier startups only grew 2-3x
“There's now like hundreds of billions of capital chasing slightly more companies. I think the experiment we're going through right now and went through in 2020 is like, hey, if we put 10 times as much capital into the market, there better be 10 times as much g…”
Max Altman Nov 21, 2025 ▶ 52:27 20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster
Mar 28, 2026 bearish
Prediction Not checkable as stated
Raanan: Venture market imbalance will lead to catastrophe and wasted capital
“I think it's going to end up with some serious catastrophe for many of the players. The market is not balanced. It means that a lot of that cash that's flowing into the market would be wasted.”
Gili Raanan Mar 28, 2026 ▶ 0:00 Why Margins Don't Matter for Early-Stage Startups | Gili Raanan · 20VC with Harry Stebbings
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