Felicis passed on investing in Uber, Airbnb, and Pinterest
Aydin Senkut · 20VC: Felicis' Aydin Senkut on Scaling Felicis From $4m to $120m, Doing Venture Differently and Why Being A VC Is Like A Jamaican Bobsled Team! · Apr 11, 2016 · at 24:31
Aydin Senkut, founder of Felicis Ventures, discusses his anti-portfolio misses during a quick-fire segment on 20VC with Harry Stebbings.
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“Passed on Uber, passed on Airbnb, passed on Pinterest.”
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More from Aydin Senkut
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“I think what we decided as a firm is the only thing that matters for us is to be in the world's best companies, because out of all the things that you can optimize for unlimited upside is the single most important one, right?”
Small seed funds face major headwinds as small M&A dries up
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High entry valuations did not correlate with Felicis' exit outcomes
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Only Google has an AI dataset comparable to Diffbot
“I think the only other company in the world that has that kind of data set is Google.”
Senkut: The ideal VC fund portfolio size is 40 to 50 companies
“I really do think that in venture, the ideal size is around 40, 50 companies and not 20.”
Senkut: Crossover funds focus 99% of their investments on enterprise software
“All these people have been 99% focused on enterprise software. So any other vertical, you don't have as much impact because they're not investing in everything. They're primarily investing in enterprise software, and it might grow from there.”