Viswanathan: Late-stage venture investing requires much higher valuation discipline
Ravi Viswanathan · 20VC: Raising A $1.35Bn Fund I, The Emerging Secondary Opportunity For Early Stage Managers and Founders & What It Takes To Win The Best Growth Deals Today with Ravi Viswanathan, Founder & Managing Partner @ NewView Capital · Apr 6, 2020 · at 16:26
Ravi Viswanathan, Founder and Managing Partner at NewView Capital, compares valuation sensitivity between early-stage and late-stage venture investing.
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“So price does matter in the later stage because you're not really thinking about, you know, when you're thinking about a hundred X, 500 X, thousand X, whatever it is, those extreme early stage wins. If you pay 50% off for Two, three X off doesn't really matter. The later stage you play in, the more that does matter.”
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