“From there, you know, this new cohort of customers, I think that retention is going to get back to a place where it's more like one, 10. So that can be one, 31, 40, but maybe healthy numbers like one, 10, one, 15.”
quote is from the automated transcript, cleaned for reading:
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(the analysis reads context, assessments check outside sources). how →
More from Ed Sim
Insight
Sim: 2024 IPOs require cashflow breakeven, 30% growth, and Rule of 40
“If you're gonna go public, I think you've gotta be cashflow breakeven. I think you have to have, you know, 30% plus growth, which is probably what high growth is right now. You've gotta be moving towards a rule of 40 or 50 with slanted more towards growth than…”
Ed SimJan 10, 2024▶ 0:30Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Sim: 2024 is the year zero-interest-rate startups face severe market fallout
“This is the year that the shit's hitting the fan because, you know, you can only extend runway so much and it doesn't mean much if you're not growing.”
Ed SimJan 10, 2024▶ 4:50Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings
Opinion
Sim: There is a massive valuation bubble in inception-stage startup rounds
“I think there's a massive bubble with what I call inception stage.”
Ed SimJan 10, 2024▶ 9:50Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings
What-if
Sim: Meta's acquisition of Kustomer would not be approved by regulators today
“Fuck no. No way. And by the way, it had nothing to do with anything other than they hated Zuckerberg, right?”
Ed SimJan 10, 2024▶ 27:33Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings
AssertionNot checkable as stated
Sim: 25% of tech company revenue previously came from selling to startups
“Probably 25% of all this revenue from all these tech companies was selling to other startups. That shit vaporized, dude.”
Ed SimJan 10, 2024▶ 1:03:15Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Sim: The 2024 venture capital vintage will produce incredible returns in five years
“But the firms that are making capital calls in 20, 24, putting dollars to work. I think this is going to be an amazing vintage because people are valuation adjusted. I think founders have the religion of the ones starting from now. And I think this is going to…”
Ed SimJan 10, 2024▶ 1:11:40Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings
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