Eric Liaw, General Partner at IVP, discusses how increased competition from crossover funds has forced venture capitalists to conduct pre-meeting research.
0:00 / 0:10exact quote · 10.1s
720p mp4 · rendered on demand · StarZero watermark
“The idea of, you know, have a first meeting. So tell me about your company and you know nothing like that's a dead meeting. And that's actually great. It saves time, saves the entrepreneurs time so they can get back to running their companies and doing the businesses.”
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 Eric Liaw
Opinion
Liaw: Regulatory fear has chilled M&A for Meta, Google, Amazon, and Apple
“I think that probably the bigger challenge is for a lot of the biggest mega cap tech companies, fear of regulation and regulatory authority intervention is probably causing a lot of them to say, this is probably not worth our time, right? So it's kind of a fun…”
Eric LiawApr 8, 2022▶ 11:5320VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
Insight
Liaw: Early-stage venture is about picking; late-stage is about access
“I think at earlier in seed stages, I think there's Probably more picking going on. I think that those stages companies need capital or else they're likely to die. Capital is more like a necessity. I think as you get much, much later sort of companies that are …”
Eric LiawApr 8, 2022▶ 6:4920VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
PredictionHeld up
Liaw: Growth stage startups will be hit hardest by market correction
“I think growth will be hit the hardest, because there, the universe of alternatives, particularly for some of the largest investors, is Private company A at multiple X or public company B at multiple Y.”
Eric LiawApr 8, 2022▶ 13:1920VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
Insight
Liaw: High entry valuation multiples require path to $300M+ revenue
“If something's five or ten million, but you really have conviction, it can become three, four, five hundred million in revenue, then the 600 to a billion entry price is still fine. If it's like five, 10, and you think it's gonna maybe get to a hundred, a 150, …”
Eric LiawApr 8, 2022▶ 15:2120VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
Opinion
Liaw: Venture capital has lost sincerity due to a self-congratulatory echo chamber
“I think that, hey, did you hear so-and-so did this seed? And then that becomes the A, and then everyone's like, oh, you're so smart. Like, it's lost some of the sincerity, and that's too bad.”
Eric LiawApr 8, 2022▶ 35:2620VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
PredictionHeld up
Liaw: 2022 public listings and SPAC activity will decline from 2021
“I think there will still obviously be new listings and direct listings and probably not as many SPACs. That's a different topic. I do think you'll still have some activity, but not like last year.”
Eric LiawApr 8, 2022▶ 11:3020VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 1,200 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.