Jules Maltz, General Partner at IVP, contrasts early private market speculation with late-stage public market requirements.
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“You're seeing companies like magic leap without a launch product raise, you know, billions of dollars.”
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More from Jules Maltz
Insight
Maltz: The 2014-2015 unicorn boom funded startups with flawed unit economics
“I think in 2014 and 15, during kind of the unicorn boom that we were having, you were seeing things that were getting funded that had amazing revenue growth, but fundamentally flawed unit economics.”
Jules MaltzFeb 6, 2017▶ 11:1620VC: What Does It Take To Gain A Late Stage Cheque Today? The Fundamental Mistakes CEOs Make In The Scaling Process & The Importance Of Building The Next S Curve For Founders with Jules Maltz, General Partner @ IVP
Insight
Maltz: Tech IPOs need $100M revenue, 30% growth, and profitability path
“Companies need to be generally over a hundred million dollars in revenue. They need to be growing over 30%, and they need to have, if not, if they're not profitable, they need to have a very clear path to profitability within two to four quarters.”
Jules MaltzFeb 6, 2017▶ 9:0720VC: What Does It Take To Gain A Late Stage Cheque Today? The Fundamental Mistakes CEOs Make In The Scaling Process & The Importance Of Building The Next S Curve For Founders with Jules Maltz, General Partner @ IVP
Insight
Maltz: Founders staying until last call at bars are red flags
“You want to find the CEOs who take one drink, they meet the right person in the room, get the business deal, and then they leave. The person who's the last call at the bar CEO, usually not good.”
Jules MaltzFeb 6, 2017▶ 26:5820VC: What Does It Take To Gain A Late Stage Cheque Today? The Fundamental Mistakes CEOs Make In The Scaling Process & The Importance Of Building The Next S Curve For Founders with Jules Maltz, General Partner @ IVP
AssertionNot checkable as stated
Maltz: Late-stage VC shifted from reactive relationships to proactive sourcing
“Venture historically has been very much a cottage or relationship industry, and so deal flow would often come to the later stage investors from great early stage firms, and early stage firm would fund a series A or series B, and then basically they'd Go to the…”
Jules MaltzFeb 6, 2017▶ 4:1720VC: What Does It Take To Gain A Late Stage Cheque Today? The Fundamental Mistakes CEOs Make In The Scaling Process & The Importance Of Building The Next S Curve For Founders with Jules Maltz, General Partner @ IVP
Disclosure
Maltz: IVP often makes late-stage investment decisions in days or hours
“We're often making decisions in a matter of days or even hours versus weeks or months, so it's one of those things where you know, you're waiting around a lot, and then you hurry up, and you have this kind of rush process, but the best companies are, that's ho…”
Jules MaltzFeb 6, 2017▶ 5:3020VC: What Does It Take To Gain A Late Stage Cheque Today? The Fundamental Mistakes CEOs Make In The Scaling Process & The Importance Of Building The Next S Curve For Founders with Jules Maltz, General Partner @ IVP
Insight
Maltz: Top CEOs continuously upgrade management teams even during rapid growth
“The best CEOs, even when things are going incredibly well, are constantly making upgrades and changes to their management team.”
Jules MaltzFeb 6, 2017▶ 13:1320VC: What Does It Take To Gain A Late Stage Cheque Today? The Fundamental Mistakes CEOs Make In The Scaling Process & The Importance Of Building The Next S Curve For Founders with Jules Maltz, General Partner @ IVP
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