Nigel Morris, co-founder and managing partner of QED Investors, discusses venture capital portfolio management and why investors should spend more time on winners than failing companies.
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“In venture, it's much easier to turn four X into five X than turn zero X into one X. Clearly mathematically the case.”
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More from Nigel Morris
Opinion
Morris: Financial services product bundling is a ruse that fails
“Another hypothesis here, Harry, is that bundling doesn't work. It's a canard. It's a ruse. It's a justification to buy things that doesn't pay off.”
Nigel MorrisMay 24, 2021▶ 35:1920VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
Insight
Morris: Financial independence and 'FU money' peaks at $15M to $20M
“And then it was getting to FU money. Whatever that is. And we can debate what that is. Maybe it's 15, maybe it's twenty million bucks. And I think once you cross that threshold, it doesn't matter anymore.”
Nigel MorrisMay 24, 2021▶ 14:3420VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
Insight
Morris: Ignoring unit economics for customer growth leads to disaster
“Now, we have seen fintech companies that have eschewed the whole notion of unit economics. Hey, what does it matter? I've got a net promoter score that's off the scale. I can book customers for five bucks. I have no idea what the attrition rate's going to be, …”
Nigel MorrisMay 24, 2021▶ 26:0520VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
Insight
Morris: Unprofitable heavily funded startups will ultimately fail
“There's a thing called the just world hypothesis, and in the end, unit economics drive P&Ls. And if your business is built on a house of cards, and your unit economics don't make any sense, in the end, your business will not succeed. And that competitor, albei…”
Nigel MorrisMay 24, 2021▶ 28:3920VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
Opinion
Morris: Senior bank CEOs kick the can on digital transformation
“Going from an analog company to a digital one, that transformation is really painful. It will take years. You know what I'm going to do? I'm going to hand it off to my forty-seven-year-old guy who's coming up behind me, and I'll let him do it, and I'm going to…”
Nigel MorrisMay 24, 2021▶ 34:1020VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
PredictionPartly held up
Nigel Morris: Leading challenger banks will successfully cross-sell broad product suites
“In the new world of digitalization, we will see the best Challenger banks and entities make cross-selling work, and you will see the new banks of this world have student lending and asset management and a full vista of different products.”
Nigel MorrisMay 24, 2021▶ 37:4520VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
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