Lawson: Founders commit 100% of capital, making VC portfolio concentration easy
Jeff Lawson · OpenAI’s $10BN Secondary Sale, Ramp Hits $1BN ARR & Brex Hits $700M · 20VC with Harry Stebbings · Sep 11, 2025 · at 29:36
Jeff Lawson is the co-founder and former CEO of Twilio. He contrasts the risk tolerance of VCs allocating significant portfolio share to one startup with entrepreneurs committing their entire life and financial resources.
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“When I start a company, this is my, I mean, until now, all my prior ventures, that was a hundred percent of my capital allocation for myself, for my life, For my time, for my bank account, for everything. And so the whole idea that an investor would you know, have a concentrated risk with 20% of their portfolio, that's easy.”
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