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Zach Weinberg

17 statements across 3 episodes · 6 bullish · 1 bearish · 2 people on the record · first statement Nov 6, 2020 by Zach Weinberg · said 9 times in 4 episodes since 2019 · across every show →

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

Mentions by year

brought up most by Logan Bartlett (4), Harry Stebbings (3), Samir Vasavada (1), Josh Kopelman (1)

every mention, scene by scene, with the transcript →

Everything said about Zach Weinberg, oldest first

Nov 6, 2020 positive
Insight
Weinberg: Companies should take socio-political stances before their business is affected
“There are things that eventually have an effect on the business, and you need to make a stand on them before they have that effect.”
Zach Weinberg Nov 6, 2020 ▶ 13:28 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Disclosure
Weinberg allocated 20% of his first exit's wealth to startup investing
“After we sold the first business, I would say we tried to come up with a number. I think it ended up being around 20% where it's like, okay, if I lose this, it's not going to be fun, but I'm not going to worry too much. Like I'll be okay. And we felt like 20% …”
Zach Weinberg Nov 6, 2020 ▶ 5:06 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Insight
Weinberg: Seed investments must project at least a 2x Series A step-up
“And we're looking for things where the multiple on the next round, not because I care about the markup at all, but because it shows Real growth and real value creation is more than like two X, let's call it as a baseline. So if I'm going to fund a company at a…”
Zach Weinberg Nov 6, 2020 ▶ 16:14 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Insight
Weinberg: Shifting existing customer budgets is easier than creating new ones
“It's a lot easier to go after a market where people are already budgeting for that type of expense, whether it's a business is already budgeting for it, And you're just shifting it from where they spend it today to what you're going to do. And that's a lot eas…”
Zach Weinberg Nov 6, 2020 ▶ 18:28 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Assertion Not checkable as stated
Weinberg: For every seed win with a markup, three or four fail
“Because for every one of those checks that you write that gets there, there's like three or four that don't. And it's got to pay for the ones that don't get there. And that's the venture math, right? Your winners have to win big and they have to pay for all th…”
Zach Weinberg Nov 6, 2020 ▶ 16:32 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020 positive
Insight
Weinberg: Founders should sell under 5% of equity in secondary sales
“For the founder, I encourage them to take enough money off the table that they're comfortable taking a big swing at a bigger outcome. And for some people, just to put some numbers against it, some people, that's a million dollars. Because remember, you're goin…”
Zach Weinberg Nov 6, 2020 ▶ 21:24 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Disclosure
Weinberg: Upper-middle-class family safety nets enable founders to take startup risks
“The reality is if you've got family wealth, and we're not talking about having to have tens of millions of dollars here, you can just be upper middle class wealth, let's call it. It makes it a lot easier to make a leap and to do a startup because in the back o…”
Zach Weinberg Nov 6, 2020 ▶ 7:10 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Disclosure
Weinberg: Financial independence enabled me to speak freely on Twitter
“I don't need to ask anybody for anything anymore, I guess, and there's a freedom to that. I don't have to rely on somebody else saying, oh, I like this person, let me help him, and I guess that's a little liberating. And you'll notice I didn't necessarily have…”
Zach Weinberg Nov 6, 2020 ▶ 12:46 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020 neutral
Prediction Not checkable as stated
Weinberg: Operator Partners almost never sells equity in secondary transactions
“So to be clear, we won't sell. It's just sometimes we may not buy. The prorata. But we're basically never selling in a secondary.”
Zach Weinberg Nov 6, 2020 ▶ 21:16 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020 bullish
Prediction Not checkable as stated
Weinberg targets allocating 30% to 40% of his capital to startups
“This time around, we're looking closer to, like, 30 or 40% over time.”
Zach Weinberg Nov 6, 2020 ▶ 5:50 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020 positive
Insight
Weinberg: Tech companies are not democracies; control rests with CEOs and boards
“And Jeff is completely right. It is not a democracy and it's really up to the CEO. And then ultimately the board who controls who the CEO is.”
Zach Weinberg Nov 6, 2020 ▶ 11:58 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Insight
Weinberg: Wealth increases happiness by providing total flexibility over time
“I actually would say the money has made me happier. Maybe I'm not supposed to say it, but it's true, but it's not because, oh, I get to go around like spending it on cars and houses and stuff like that. It's just the flexibility to choose where you want to spe…”
Zach Weinberg Nov 6, 2020 ▶ 8:03 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020 positive
Insight
Weinberg: Companies can take public stances while prohibiting workplace political debates
“You can say, I believe these things are important, and also say to an employee base, however, don't bring it into the day-to-day office, don't bully people, and if you do bully people, and if you do push people based on their beliefs, we're going to fire you, …”
Zach Weinberg Nov 6, 2020 ▶ 10:58 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020
Insight
Weinberg: Startup liquidity cycle times are now 10 years or longer
“I think the cycle times on these companies are so long. We used to say seven years, but I think it's actually much closer to 10, if not longer.”
Zach Weinberg Nov 6, 2020 ▶ 17:12 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Nov 6, 2020 negative
Opinion
Weinberg: It is naive for modern companies to claim complete societal neutrality
“To me, I think it's a little naive to think that a company can just say, we stand for absolutely nothing but our business. And maybe that was true 5060 years ago, but I just don't believe that that's true today.”
Zach Weinberg Nov 6, 2020 ▶ 9:09 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
Aug 12, 2022
Insight
Weinberg: Operator Partners targets at least 2x next-round valuation step-ups
“We're looking for things where the multiple on the next round, not because I care about the markup at all, but because it shows Real growth and real value creation is more than like two X, let's call it as a baseline. So if I'm going to fund a company at a 10 …”
Zach Weinberg Aug 12, 2022 ▶ 20:52 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
Jun 28, 2024 positive
Disclosure
Nat Turner and Zach Weinberg Were Vise's First Investors
“And the first investors that actually said yes were these guys, Nat Turner and Zach Weinberg, who started a company called Flatiron Health and sold it For a bunch of money to Roche and they actually went to Penn, and they're like, look, we had a similar story …”
Samir Vasavada Jun 28, 2024 ▶ 5:26 Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings
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