“What that's going to translate into is a greater mortality rate and a greater loss ratio in the next couple of years. But to be honest, I think that where we're going to be in the next couple of years is the normal.”
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 Julio Vasconcellos
Insight
Vasconcellos: Market and product fit matter more than the team
“In my view, market comes first. And I think if you have the right model and the right product in that market, I think that's more important than ultimately the team.”
Julio VasconcellosSep 23, 2022▶ 4:54Julio Vasconcellos: Scaling to $100M and 1,200 Employees and then Cratering | 20VC #928 · 20VC with Harry Stebbings
“That greed is the number one enemy of returns and, you know, being greedy and kind of expanding your fund or expanding your strategy into multiple different things that maybe you're not the best at probably is, you know, short-term profitable, but sort of long…”
Julio VasconcellosSep 23, 2022▶ 19:03Julio Vasconcellos: Scaling to $100M and 1,200 Employees and then Cratering | 20VC #928 · 20VC with Harry Stebbings
Disclosure
Atlantico allocates only 25% of its fund to follow-on reserves
“In, in our case, we're reserved 25% of the fund, right? So we're much, much thinner. We try to have more bets, and we try to concentrate more on those bets once we have that level of confidence.”
Julio VasconcellosSep 23, 2022▶ 38:28Julio Vasconcellos: Scaling to $100M and 1,200 Employees and then Cratering | 20VC #928 · 20VC with Harry Stebbings
Insight
Founders must cut into muscle because running out of cash is fatal
“I think it's healthy sometimes to cut through the fat and into the muscle because you can always undo that later. If you were wrong, maybe you cut a little bit too much. You might have to rehire people or you might have to You know, reinvest in things that you…”
Julio VasconcellosSep 23, 2022▶ 52:26Julio Vasconcellos: Scaling to $100M and 1,200 Employees and then Cratering | 20VC #928 · 20VC with Harry Stebbings
Insight
Vasconcellos: Institutional VCs are there to maximize returns, not be friends
“But I think that once you're investing other people's money, you're really there to maximize returns. So you're not there to be a founder's friend, but you help, you're there to help that founder win.”
Julio VasconcellosSep 23, 2022▶ 25:41Julio Vasconcellos: Scaling to $100M and 1,200 Employees and then Cratering | 20VC #928 · 20VC with Harry Stebbings
Insight
Vasconcellos: Formal board meetings are unnecessary for strategic alignment
“In, in my experience, having a moment where you bring in different investors and different advisors together, you know, to check in and talk about strategy and talk about direction, that conversation is valuable. Whether that has to happen at a board meeting a…”
Julio VasconcellosSep 23, 2022▶ 29:24Julio Vasconcellos: Scaling to $100M and 1,200 Employees and then Cratering | 20VC #928 · 20VC with Harry Stebbings
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.