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Barry Schuler

Managing Partner, DFJ Growth · 1 appearance on the record.

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

executiveinvestorfounder@BSchuler ↗dfjgrowth.com ↗Wikipedia ↗

Barry Schuler is the former Chairman and CEO of America Online, where he led the company through its merger with Time Warner. He is a co-founder and Managing Partner at DFJ Growth, an investment firm focused on growth-stage technology companies.

11statements → 7claims → 5claims resolved → 80%fully supported → 4/5average certainty → 2.45/5average debate potential → ≈4.0/5argument clarity, estimated → 2said about them ↓

4 supported 1 partly supported 0 contradicted 2 not checkable as stated how the 7 claims stand · each chip opens the sources

4 predictions · 3 assertions · 1 opinion · 1 insight · 2 disclosures · every statement was checked. The predictions and assertions are the 7 claims: statements the public record can support or contradict. 5 are resolved, and 2 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
Schuler: Up to 50% of tech IPOs will be flat or down
“So you'll see, I think, flat and down IPO rounds. Maybe up to 50% of the companies that are out there.”
Barry Schuler Jul 5, 2017 ▶ 11:09 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
100% certainty 3
88% certainty 4
none yet 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? →

196 words/min while actually speaking · 8.1 um and uh per 1k words

No argument clarity score for Barry Schuler: 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 12 exchanges on the produced feed is ≈4.0/5, shown at half point precision because the sample is small and produced tape scores higher.

Measured by listening to 3,085 words across 1 episode, but every recording we have of Barry Schuler 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 1 rated episode:

host pushback ▾ 2/10
pushed back at the host 1/10
setup questions received 80%

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

Prediction Held up
Schuler: Up to 50% of tech IPOs will be flat or down
“So you'll see, I think, flat and down IPO rounds. Maybe up to 50% of the companies that are out there.”
Barry Schuler Jul 5, 2017 ▶ 11:09 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Prediction Not checkable as stated
Schuler: Exclusive machine-to-machine trading will cause financial markets to fail
“When machines start trading with each other, the markets will disappear because We need the uncertainty of humans to make those markets, markets work.”
Barry Schuler Jul 5, 2017 ▶ 18:38 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Prediction Held up
Schuler: Public multiple expansion after high private valuations is extremely rare
“In the old days, the momentum of the growth period of a stock happened in the public markets. They're happening in the private market. So to expect someone to have a huge multiple on the private phase and then go into the public markets and have a huge multipl…”
Barry Schuler Jul 5, 2017 ▶ 15:16 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Insight
Schuler: Venture capital's biggest existential threat is persistent overcapitalization
“The existential threat to VC is Is one that's always been around too much money searching for too few good deals yielding low returns and making the category not so attractive.”
Barry Schuler Jul 5, 2017 ▶ 19:09 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Assertion Supported
Schuler: Only about 70 institutional investors buy first-day tech IPOs
“At least in the U S public markets, the amount of institutional investors who like to buy First day, tech stocks has become very small. There's a handful of banks that take them out. We know who they all are, and there's, you know, about 70 institutional inves…”
Barry Schuler Jul 5, 2017 ▶ 5:34 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Opinion
Schuler: High late-stage tech valuations are not a dot-com bubble
“All these prices, all these unicorns, this must be just like the dot-com bubble was, when it's nothing like the dot-com bubble. You were probably quite young for those of us who lived through it, I was exactly, exactly. You have to read the history. We are the…”
Barry Schuler Jul 5, 2017 ▶ 13:39 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Assertion Partly supported
Schuler: Facebook went public overpriced and took years to recover
“If you're overvalued, and they really kind of force the issue out, you can see problems like Facebook experienced, you know, when they went out overpriced problems in the market, and it took them a couple of years of performing well before they straightened it…”
Barry Schuler Jul 5, 2017 ▶ 7:30 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Disclosure
Schuler: SolarCity succeeded post-IPO despite a flat-to-down offering
“We, SolarCity is a good example of an IPO we had where it was a flat to down IPO round. Everyone ended up putting money in to get that company public, and they did sensationally.”
Barry Schuler Jul 5, 2017 ▶ 11:17 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Prediction Held up
Schuler: Low-traction late-stage unicorns will be acquired at down-round valuations
“The last group in that bulge are our companies that run out of the capital they've raised. They've not gotten the traction in the marketplace that they had hoped to. They still have value, and they're still important, and I would expect you'll see that smart a…”
Barry Schuler Jul 5, 2017 ▶ 15:43 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Assertion Not checkable as stated
Schuler: DFJ Growth was founded on tech companies staying private longer
“This is back in 2005 where we saw an inefficiency in the marketplace. We felt companies were going to stay private longer. We thought they had to because of the markets.”
Barry Schuler Jul 5, 2017 ▶ 3:31 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth
Disclosure
Schuler: DFJ Growth preemptively invested in Giphy when it wasn't fundraising
“Well, the most recent one, we did two toward the end of the year. One was unity and the second was Giphy, and Giphy, I had to get them to say yes. They actually weren't raising money, and one of the ways we like to operate is being a little preemptive, and we …”
Barry Schuler Jul 5, 2017 ▶ 22:13 20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & The Impending Flat & Down Rounds To Come with Barry Schuler, Partner @ DFJ Growth

The other half of the tape: Barry Schuler's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes on 20VC. every mention, with the transcript →

Who brings them up most Randy Glein 1Harry Stebbings 1

Every mention by year

tap a year for its mentions
0011112017201820192020episodesmentions
0112017201820192020episodes it came up in
000.50.5112017201820192020episodesmentions per episode
2020 1 mention in 1 episode
2017 1 mention in 1 episode

Appearances (1)

EpisodeDateSpeaking time
20VC: How To Get Back To 200 Tech IPOs Per Year, Why We Are In A 'Bulge" Not A Bubble & Th Jul 5, 2017 17m
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