Zachary Bookman

13 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Dec 6, 2024 by Zachary Bookman · across every show →

Everything said about Zachary Bookman, oldest first

Dec 6, 2024 positive
Insight
Bookman: Startups should launch secondary product lines as early as possible
“I think is, is the earlier, the better.”
Zachary Bookman Dec 6, 2024 ▶ 29:26 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024
Disclosure
Bookman details difficult upbringing marked by mother's severe alcoholism and divorce
“I grew up, you know, I had a difficult home life. My mother was severe alcoholic and parents got divorced after kind of years of home war zone.”
Zachary Bookman Dec 6, 2024 ▶ 1:06:04 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024
Assertion Partly supported
Bookman: Databricks and Stripe raised massive rounds primarily for employee liquidity
“They're raising, Databricks is raising most of that to deliver secondary to employees, including to deal with some tax issues, and I know that's what Stripe did, and Josh, I think, is doing most of these.”
Zachary Bookman Dec 6, 2024 ▶ 1:01:14 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024 negative
Assertion Not checkable as stated
Bookman: Founders Fund and Peter Thiel mocked his formal attire during pitch
“I pitched Peter Thiel, and I was so green, and I'd just gotten back from Afghanistan, and I literally would go to work in slacks and leather shoes, like a business lawyer-looking type person, and the Founders Fund guys, at least in those days, did not respect …”
Zachary Bookman Dec 6, 2024 ▶ 54:45 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024
Insight
Bookman: Denying founder secondary liquidity forces entrepreneurs to play small ball
“I'm not less committed now. I'm honestly able to drop back and scan the field and throw passes in a way that I wasn't before. You, it's actually a decent way to encourage the entrepreneur to play small ball. For somebody who grew up without a lot, you know, mo…”
Zachary Bookman Dec 6, 2024 ▶ 46:09 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024
Disclosure
Bookman felt for years that building OpenGov ruined his career
“The short answer is yes. Basically all the time. I don't know how I kept going because I felt for years like I destroyed my career. I'd made the worst set of decisions.”
Zachary Bookman Dec 6, 2024 ▶ 31:19 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024
Disclosure
Bookman: Cashed out 49% of his vested equity in OpenGov
“I took out 49% of my vested equity.”
Zachary Bookman Dec 6, 2024 ▶ 43:38 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024 positive
Prediction Open · timeframe Dec 2026
Bookman: Mega-cap private tech companies will go public around 2026
“So, look, I think that can continue, but no, I don't see how these companies don't go public. I'm sorry, they've raised a ton of money At some point, people need liquidity, and that's gonna come, so I don't know whether it's in 25, 26, or 27. If I'm guessing, …”
Zachary Bookman Dec 6, 2024 ▶ 1:01:24 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024 neutral
Assertion Not checkable as stated
Bookman: OpenGov Took Five Years to Find Real Business Traction
“We were, we actually came out of the gate selling about a year in, but we were selling 5000 dollar software, 10,000 dollar software, transparency reporting. It was kind of a political sale. Governments would buy it to show off the data in their 3040 year old E…”
Zachary Bookman Dec 6, 2024 ▶ 1:37 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024 neutral
Assertion Not checkable as stated
Bookman: Marc Andreessen walked out of board meeting exactly at scheduled end
“I scheduled a two-hour board meeting, and the board was opening up, a lot of give and take, big discussion going on, some important issue, so I decided to let it run, and at, you know, maybe it was 10 a.m. To 12 p.m. At 12 p.m., Mark literally just pulls his c…”
Zachary Bookman Dec 6, 2024 ▶ 56:50 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024 positive
Insight
Bookman: Hire growth-mindset up-and-comers over playbook-driven executives
“I've changed my mind on up and comers. I spent a lot of time hiring, been there, done that. And I've grown a little tired of it. And I all, I see the value of promoting from within. I see the value of hiring people that are geniuses and want to work like all t…”
Zachary Bookman Dec 6, 2024 ▶ 1:01:51 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024
Assertion Not publicly verifiable
Bookman: OpenGov generated $20M in revenue while burning heavily in 2019
“I was probably in the twenties, if I remember correctly, and I was burning cash like a drunken sailor.”
Zachary Bookman Dec 6, 2024 ▶ 16:56 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
Dec 6, 2024 positive
Insight
Bookman: Snap Judgments and Gut Instincts Are Crucial for Major Decisions
“Snap judgments are very valuable. A lot of people tell you gotta be thoughtful, you gotta be balanced, and look, you do, especially when, as the organization gets larger, but you gotta listen to your stomach and your gut. I often advise our execs or others, wh…”
Zachary Bookman Dec 6, 2024 ▶ 57:46 Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings
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