Giphy Created an Entirely New Market Rather Than Competing
Steve Schlafman · 20VC: From Seed To Series A: The Due Diligence, The Valuations, The Investment Decision Making Process with Steve Schlafman @ RRE Ventures · Aug 3, 2016 · at 18:26
Steve Schlafman of RRE Ventures contrasts investments in incumbent markets with category-creating investments like Giphy.
0:00 / 0:03exact quote · 3.9s
720p mp4 · rendered on demand · StarZero watermark
“But in the case of Giphy, there's not a market. It's a brand new market.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Steve Schlafman
VCs Cannot Control Companies Post-Investment; Leverage Lies in Selection
“It's very hard to control an investment. I think as an investor The things that we can control is the decisions that we make, right? In terms of the entrepreneurs that we back in the markets that they're going after, right? And that, that are attractive to us.…”
Schlafman Invested in Zipline After a Single 90-Minute Phone Call
“One of which Remotiv, which is now pivoted into a company called Zipline, that was a pure gut instinct on the founder, Keller, Renato, but that was one where I took an hour, hour and a half phone call, and I'm just like, I absolutely love this guy.”
Schlafman: Alcohol is effectively ethanol and a cellular poison
“Well, yeah, I mean, I think the biggest misconception is that alcohol is, not that it's healthy, obviously there are real severe health effects, but because it's a legal substance, I don't think people recognize that you're effectively ingesting a poison, righ…”
Series A Investing Requires More Operational Commitment Than Seed
“It's been really valuable for me to go from seed investing to more traditional venture investing at the Series A stage, taking board seats, because I like to think it's a much different ballgame, Series A and Series B, and taking board seats and the commitment…”