Logan Bartlett is an investor at Battery Ventures. Discussing private market dynamics in early 2016, he forecasts that the recent slowdown in technology companies going public will end within six months.
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“I'm optimistic over the course of the next six months or so this drought that we've had over the last quarter in companies going public. I think we're going to see that short itself up,”
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More from Logan Bartlett
Opinion
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…”
Logan BartlettAug 30, 2022▶ 17:33Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings
Opinion
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…”
Logan BartlettAug 30, 2022▶ 26:05Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings
PredictionNot checkable as stated
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.”
Logan BartlettAug 30, 2022▶ 47:18Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings
PredictionNot checkable as stated
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…”
Logan BartlettAug 30, 2022▶ 53:31Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings
AssertionSupported
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.”
Logan BartlettAug 30, 2022▶ 12:40Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings
Insight
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…”
Logan BartlettAug 30, 2022▶ 14:46Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings
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