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Barry Eggers

Co-Founder and Partner, Lightspeed Venture Partners · 2 appearances on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorfounderexecutive@BarryEggers ↗LinkedIn ↗lsvp.com ↗

Barry Eggers co-founded Lightspeed Venture Partners and served as the first institutional investor in Snap Inc. Before founding Lightspeed, he developed the original M&A program at Cisco Systems and later chaired the National Venture Capital Association.

34statements → 15claims → 11claims resolved → 73%fully supported → 3.74/5average certainty → 2.21/5average debate potential → ≈4.5/5argument clarity, estimated → 10said about them ↓

8 supported 2 partly supported 1 contradicted 4 not checkable as stated how the 15 claims stand · each chip opens the sources

9 predictions · 6 assertions · 5 opinions · 11 insights · 3 disclosures · every statement was checked. The predictions and assertions are the 15 claims: statements the public record can support or contradict. 11 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Barry argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Prediction Held up
Eggers: Venture returns will suffer due to 2018 capital oversupply
“I do think, though, that we've got too much money coming in, and so I do think returns are going to suffer a bit. For these vintages, and that we probably need some kind of a correction to decrease the amount of capital that's coming into venture.”
Barry Eggers Sep 4, 2018 ▶ 9:15 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn

Their most notable contradicted claim

Prediction Didn’t hold up
Eggers: Biden administration will raise general capital gains tax rates
“And then on tax policy, I think there's going to be increased taxes on capital gains.”
Barry Eggers Nov 2, 2020 ▶ 7:54 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
83% certainty 3
67% certainty 4
100% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: speaking style how? →

254 words/min while actually speaking · 2 um and uh per 1k words

No argument clarity score for Barry Eggers: no usable question→answer exchanges on raw tape (a fair score needs 8+). We do not score a sample that small. Roundtable and news formats yield far fewer direct exchanges than interviews. Their coarse estimate from 28 exchanges on the produced feed is ≈4.5/5, shown at half point precision because the sample is small and produced tape scores higher.

Measured by listening to 8,971 words across 2 episodes, but every recording we have of Barry Eggers is the aired feed, and an editor cleaned that audio before release. Some of the hesitation was cut before we ever heard it, so read these as floors: the true rates are at least this high. These are measurements of speaking style, not scores. How it's measured →

How the interview went all their pushback → series average →

Across 2 rated episodes:

host pushback ▾ 3/10
pushed back at the host ▾ 1.5/10
setup questions received 75%

Everything Barry Eggers said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Held up
Eggers: Venture capital will consolidate as capital inflows slow
“And I think over time, we're going to have a consolidation that capital is not going to be as plentiful coming into our industry and the best funds will survive and some won't.”
Barry Eggers Nov 2, 2020 ▶ 15:24 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Insight
Eggers: Failing to raise a new fund triggers rapid VC death spiral
“Well, it takes 10 years to be out of business, but I think once you're not able to raise a new fund, it's a slow death, and it's hard for you to be active in the market because entrepreneurs know that you're having trouble raising capital, so it's sort of a de…”
Barry Eggers Nov 2, 2020 ▶ 15:47 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Prediction Not checkable as stated
Eggers: Modern stage specialization in venture capital is unsustainable
“So there's a lot of specialization now, and so people are sort of cutting, slicing the pie of value creation based on time. I don't think it's sustainable, but that's sort of, I think, the phase that we're in right now.”
Barry Eggers Sep 4, 2018 ▶ 7:27 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Prediction Held up
Eggers: Venture returns will suffer due to 2018 capital oversupply
“I do think, though, that we've got too much money coming in, and so I do think returns are going to suffer a bit. For these vintages, and that we probably need some kind of a correction to decrease the amount of capital that's coming into venture.”
Barry Eggers Sep 4, 2018 ▶ 9:15 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Insight
Eggers: Three reasons venture capital firms fail at generational transitions
“I think there's three things that where a venture firm can fail. Number one, you got to have great performance. That's an obvious one. Number two is you got to make sure that the young people coming up get the opportunities to grow economically and sending the…”
Barry Eggers Sep 4, 2018 ▶ 18:38 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Prediction Not checkable as stated
Eggers: Startups, not big corporations, will solve climate change
“I do think that climate change is going to be solved by technology, largely, and by people changing their daily routines, but technology is key, and I don't think it's going to be necessarily solved by the big companies. I think the solutions are going to come…”
Barry Eggers Nov 2, 2020 ▶ 7:08 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Prediction Didn’t hold up
Eggers: Biden administration will raise general capital gains tax rates
“And then on tax policy, I think there's going to be increased taxes on capital gains.”
Barry Eggers Nov 2, 2020 ▶ 7:54 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Opinion
Eggers: Solo Capitalist Model Is Not Restricted to Top 1% of Investors
“I don't think it's just a game of the .one percent. I think if people have been successful as operators or as investors, and they want to go on their own, they can be solo capitalists, and they can raise funds from the outside, because there's a lot of LPs out…”
Barry Eggers Nov 2, 2020 ▶ 14:15 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Opinion
Eggers: VCs choose investing because they are notoriously poor people managers
“I think VCs are notorious for being poor people managers. That's why they become VCs and not operating people.”
Barry Eggers Nov 2, 2020 ▶ 17:18 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Assertion Supported
Eggers: Lightspeed expanded its female investor team from one to ten
“We have one female investor four years ago. We have 10 now, which I think might be the highest in the industry.”
Barry Eggers Nov 2, 2020 ▶ 18:15 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Disclosure
Eggers: Lightspeed allocated 100% of 2020 scout slots to racial minorities
“For twenty-twenty, we decided that our entire Lightspeed Scout program would be a hundred percent racial minorities, and so we put the word out in our network informally that we were going to do this. Within two weeks, we had 350 people apply for 25 spots, and…”
Barry Eggers Nov 2, 2020 ▶ 18:46 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Insight
Eggers: Unhelpful investor introductions waste CEO time without adding value
“A lot of people like to make introductions to CEOs and CEOs oftentimes will have to take them because they feel obliged to do that, but the introductions don't lead anywhere.”
Barry Eggers Nov 2, 2020 ▶ 22:49 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Opinion
Eggers: Impact investing can outperform traditional venture capital investments
“Impact investing can produce even better returns than non-impact investing.”
Barry Eggers Nov 2, 2020 ▶ 23:58 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Prediction Held up
Eggers: Cleantech investing will resurge in the 2020s under Biden
“Yeah, I think it will, especially if we end up with a Biden administration.”
Barry Eggers Nov 2, 2020 ▶ 25:49 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Insight
Eggers: Maintaining 15% ownership in capital-intensive startups is nearly impossible
“Yeah, I think that it depends on some of these projects that require a ton of capital. It's really hard to get 15 or 20% of them over time. You look at the Ubers of the world, and some of the guys who are, you know, the electric bike companies and scooter comp…”
Barry Eggers Sep 4, 2018 ▶ 10:48 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Opinion
Eggers: Paper 'unicorns' are misleading; real $1B exits should be called 'narwhals'
“I just don't like the word unicorn, because it's sort of like unfinished business. It's like celebrating a touchdown before you know whether you've won the game or not. And so I like to use the term narwhal. Unicorns are not real. Narwhals are real. They also …”
Barry Eggers Sep 4, 2018 ▶ 24:46 20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Do Not Succeed in Generational Transition & What Makes The Truly Special Board Members Like Jim Goetz with Barry Eggers, Founding Partner @ Lightspeed Venture Partn
Insight
Eggers: VC Partnerships Differ From Corporations Due to Lack of Hierarchy
“Partnerships are way different than corporations. Corporations at least have some formal hierarchy. Partnerships are supposed to be flat, and so there's sort of this unusual element of sort of lack of hierarchy, and it sort of finds its way over time, but the …”
Barry Eggers Nov 2, 2020 ▶ 5:21 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Insight
Eggers: Buying high and selling higher in venture capital is unsustainable
“In some cases we're buying high and selling higher, but there's only a matter of time while that works.”
Barry Eggers Nov 2, 2020 ▶ 9:42 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Prediction Held up
Eggers: SPACs are here to stay as permanent alternatives to IPOs
“I think SPACs are here to stay, and we're going to see a lot of companies using that as a alternative to IPOs and direct listings over the next several years.”
Barry Eggers Nov 2, 2020 ▶ 11:50 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Assertion Not checkable as stated
Eggers: Lightspeed's 2020 seed rounds resemble Series A rounds from 2010
“When we refer to seeds today within Lightspeed, they look a lot like what we used to call Series A's 10 years ago. We've just almost shifted everything to the right one.”
Barry Eggers Nov 2, 2020 ▶ 13:04 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Prediction Held up
Eggers: Venture capital will see increased adoption of rolling funds
“I think we'll see more of rolling funds, and if you can do it, it's great.”
Barry Eggers Nov 2, 2020 ▶ 14:53 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Insight
Eggers: Managing a VC firm requires more EQ than IQ
“It takes a lot more EQ than IQ to do that part of the job.”
Barry Eggers Nov 2, 2020 ▶ 17:33 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Insight
Eggers: Diverse venture teams drive broader reach and superior fund performance
“You shouldn't do it just because it feels good and it gives you good PR. You should do it because it was a business reason for doing it. And we believe the business reason is by having a more inclusive team, we reach a broader set of entrepreneurs. Entrepreneu…”
Barry Eggers Nov 2, 2020 ▶ 19:55 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh
Prediction Not checkable as stated
Eggers: VC firms will collaborate on diversity rather than compete
“I think generally the industry wants to collaborate, and we want to learn from each other as peers to accelerate the industry faster versus treating this as an area of competitive differentiation between firms. So I expect to see a lot more collaboration among…”
Barry Eggers Nov 2, 2020 ▶ 20:34 20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How The Rise of Rolling Funds, SPACs and Solo Capitalists Will Impact Venture & What We Can Do To Swing the Race Pendulum in VC with Barry Eggers, Founding Partner @ Ligh

Show 10statements(10 left)

The other half of the tape: Barry Eggers's own voice is left out of every number here. Other people bring the name up 10 times in 4 episodes on 20VC. every mention, with the transcript →

Who brings them up most Jeremy Liew 3Harry Stebbings 3Hunter Somerville 2Adam Goldberg 1

Every mention by year

Appearances (2)

EpisodeDateSpeaking time
20VC: The Implications of a Biden vs a Trump Administration on Venture and Startups, How T Nov 2, 2020 17m
20VC: What It Takes To Found and Scale A Global Venture Firm Like Lightspeed, 3 Ways Firms Sep 4, 2018 18m
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