The Ledger
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Sarver: Venture capital is less stressful than founding or operating a company
“It is definitely, having gone and seen both sides of this job was less stressful than, you know, being an operator and for sure being a founder. There's no doubt, you know, you have a whole team of people riding on you.”
Sarver: Neural networks create compounding data network effects for incumbents
“Currently based on how neural networks work, that they require large data sets to be able to improve their models over time. And so therefore people with large data advantages can have better models, which then lead to better end products, which bring in more …”
Connected hardware is the strategic wedge to beat AI incumbents
“So we think of hardware as that kind of, that wedge into trying and going and beating these big guys.”
Startup org structures break at 30, 75, 150, and 500 employees
“What worked at 30 broke again at, you know, 75, which broke again at 150, which broke again at like 500. So, you're in this kind of constant reorganization of teams and reorganization of principles and alignment and kind of priorities.”
Sarver: Venture capital lacks immediate scorecards to measure success
“Venture requires a lot of hours. And the tough part is you have no No checklist or no scorecard along the way to tell you if you're doing well or not.”
Redpoint's late-stage fund rarely follows on in early-stage deals
“Red point strategy is to look at it almost as two totally from portfolios. And very, very rarely, I think there's probably, you know, one exception does our late stage fund invest from our early stage fund?”
Sarver: Outside firms should price follow-on VC rounds to avoid signaling risk
“It's generally better within the community to have outside firms kind of price and set valuations for your own companies.”
Andy Rubin founded Android as an EIR at Redpoint's offices
“Famously, we had Andy Rubin as a IR here, and he actually founded Android out of our Menlo Park offices, and eventually helped them sell that into Google.”
Sarver: Operators who fail in venture capital can always return to startups
“And I feel like, you know, if you're not being a great VC or if, you know, the team doesn't love me or, you know, whatever you can always go back to doing a startup.”
Sarver interviewed with Travis Kalanick at 11 PM during Uber's early days
“I've been interviewing with Travis in kind of 2011 for a product role there. And I remember my interviews being at 11 p.m. At night. This is when they were probably, you know, less than a hundred people. 11 p.m. At night. The office is full. And Travis, my int…”
Sarver: Overseas manufacturing errors make hardware development far slower than software
“It's just, you're talking about physical devices, and if you don't have the right hood over your over your manufacturing line, you have too much dust that settles into the devices, and all of a sudden you manufacture a thousand devices that are totally invalid…”
Sarver: Chris Sacca is like Yoda for venture and career advice
“And then I think kind of in our industry Chris Saka has been a close friend and probably the person I go to the most for kind of personal and career advice. And I've always said he's kind of like Yoda. He always kind of deploys like the best most personal advi…”