Spencer Lazar, Principal at General Catalyst, shares his preference for founding teams over solo founders when evaluating investment opportunities.
Assertion Supported
Lightspeed's Snapchat Investment Originated From a Partner's Daughter Using the App
“I think it was at light speed, I think, where one of the partner's daughters was on Snapchat permanently, and he was asking her what it was, and that stemmed their investment.”
Prediction Partly held up
Spencer Lazar Predicted the First Apple Watch Would Fail
“So current version Not gonna fly, but very confident about future versions, including a front-facing camera, glucometer, you know, some form of mobile connectivity data connectivity, local processing, all those things I think if they're in place, it has a lot …”
Assertion Supported
Insight Venture Partners Recruited College Grads Exclusively for Deal Sourcing
“Insight Venture Partners who had a very particular model for how they built their sourcing team or their sort of deal origination team, if you will, which is that they basically recruited kids exclusively out of college from you know, somewhat notable schools …”
Insight
Storytelling Across Sales, Fundraising, and Recruiting Defines a Great CEO
“Storytelling is sales, storytelling is fundraising, storytelling is recruiting. Those are the things, the key things that a great CEO does, and you really have to do that well.”
Prediction Not checkable as stated
Spencer Lazar Predicted Edtech Returns and Demand Would Shift Significantly Upward
“I think the tide is really shifting and it's going to shift significantly.”
Opinion
Campus Job Built Student Brand Equity Where LinkedIn Fell Short
“The company has really created a brand at A place in the hiring market where LinkedIn doesn't have a huge brand yet and we believe that the first job that, the first jobs even, that a student or a kid gets are really emotional and a powerful place to build a b…”