The Ledger

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Disclosure
Accel told CrowdStrike founder George Kurtz to shop their term sheet
“Why don't you take my offer, my term sheet, you have it in your back pocket. So when you have these other conversations, Go in knowing that your deal done already, and if someone comes along and offers you something much better, or you think they're additive t…”
Sameer Gandhi Sep 2, 2021 ▶ 24:56 20VC: The Crowdstrike Memo: Accel's Sameer Gandhi on Leading Multiple Internal Rounds for Crowdstrike, Telling George Kurtz to Go Shop His Term Sheet, How To Think Through Market Sizing & The Importance of Speed of Execution and Knowing When To Go Slow To
Disclosure
Gandhi: Accel's pre-mortem downside for CrowdStrike was an incident response business
“I think the number one thing on this was like, man, we just whiffed on the cloud native concept, and nobody's willing to do it, you know, like, that was one where, if you got that wrong, you know, and I think you see in my memo, it's like, well, if we totally …”
Sameer Gandhi Sep 2, 2021 ▶ 31:41 20VC: The Crowdstrike Memo: Accel's Sameer Gandhi on Leading Multiple Internal Rounds for Crowdstrike, Telling George Kurtz to Go Shop His Term Sheet, How To Think Through Market Sizing & The Importance of Speed of Execution and Knowing When To Go Slow To
Disclosure
CrowdStrike used incident response services to bridge slow early cloud adoption
“We could be pushing cloud and having a slower adoption cycle around the Falcon platform, which is really the endpoint product platform. And the way that was mitigated for us is that the company was doing really high-end incident response services, and so there…”
Sameer Gandhi Sep 2, 2021 ▶ 11:00 20VC: The Crowdstrike Memo: Accel's Sameer Gandhi on Leading Multiple Internal Rounds for Crowdstrike, Telling George Kurtz to Go Shop His Term Sheet, How To Think Through Market Sizing & The Importance of Speed of Execution and Knowing When To Go Slow To
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