Redpoint rejected Logan Bartlett as an associate before hiring him as partner
Logan Bartlett · Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings · Aug 30, 2022 · at 2:12
Logan Bartlett, Managing Director at Redpoint, recounts his early career path and how Redpoint initially passed on hiring him when he was an associate candidate.
0:00 / 0:23exact quote · 23.7s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Battery gave me an offer. Redpoint did not. I went over to Battery. I was there for six years and the Redpoint folks kind of stay on, stayed on top of me and they wanted to correct the error of their ways and not making me an offer when I was associate. And so I went over to Redpoint, I guess it was December, 2019, and joined at the beginning of 2020, and I've been here ever since.”
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 Logan Bartlett
Legacy VCs retired rather than adjust to higher market competition
“A lot of very famous investors retire, and I don't blame them at all because the game on the field has definitely changed and it's far more competitive than it was in their day. And you're chasing around people trying to earn the opportunity to invest. And whe…”
VCs maintaining unadjusted peak valuations are delusional and lose LP trust
“It is some level of delusion. If you actually believe That all of these companies are worth what they were worth six months ago, then and you're saying that with a straight face to your limited partners, and I think you're losing trust, right? A hundred percen…”
Recent crypto fund vintages will produce a high number of zeros
“I think we're going to see a lot of zeros pop out of the vintages of these crypto funds that we've seen recently.”
Newer crossover funds that scaled rapidly face an imminent market reckoning
“Anyone that either doesn't have their existing track record of the last, whatever, 10 years attached to the name of their existing firm, or anyone that scaled well beyond what they had, you know, in the prior five years, in the last two years, I think anyone t…”
Private growth deals hit 300x ARR while public markets peaked at 20x
“We were this summer seeing businesses get done at 200 times, 300 times ARR. When the public markets were saying like at best you could trade at, I don't know, 20 times forward revenue or something.”
Using sharp elbows to box out co-investors alienates founders long-term
“And the ones that don't do it well are the ones that really view this as out of the money call options. And if the opportunity presents itself, we're going to try to get sharp elbowed and box out other groups. And I've yet to see that really work. It might wor…”