Steve McDermott

Managing Director, Venture Investing, Emerson Collective · 1 appearance on the record.

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investorexecutiveLinkedIn ↗emersoncollective.com ↗

He leads growth-stage technology and venture capital investments at Laurene Powell Jobs’ Emerson Collective. Previously, he served as a corporate development partner at Andreessen Horowitz, advising portfolio companies on private capital networks, fundraising mechanics, and navigating private versus public valuations.

4statements → 2claims → 0claims resolved → 4/5average certainty → 2.25/5average debate potential →

1 not yet assessed 1 not checkable as stated how the 2 claims stand · each chip opens the sources

2 assertions · 2 insights · every statement was checked. The predictions and assertions are the 2 claims: statements the public record can support or contradict. 0 are resolved, 1 is not yet assessed, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Steve argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Steve McDermott on measured tape to publish a rate. This says nothing about how they speak.

Everything Steve McDermott said on the a16z Podcast that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Day-one IPO pops and pricing ranges are largely meaningless success metrics
“To evaluate the quality of an IPO based on whether it priced above or below the range, whether it had a pop on day one is, is largely meaningless.”
Steve McDermott Jan 2, 2019 ▶ 36:50 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations
Assertion Open · timeframe Nov 2015
Every private and public investor in Square made money despite valuation debates
“If you look back at the investors in every single round of private, as well as in the IPO, they all made money.”
Steve McDermott Jan 2, 2019 ▶ 40:42 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations
Assertion Not checkable as stated
Annual revenue growth exceeding 50% places public companies in the top tier
“When you look across the public landscape, you're growing at 50 plus percent is, puts you in the very top tier of public companies.”
Steve McDermott Jan 2, 2019 ▶ 27:39 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations
Insight
Public investors evaluate companies on shorter horizons than private investors
“So really one of the very big differences that private investors think about is, is looking out over a much longer term time horizon to look at a normal, a steady state business versus Public investors that, you know, may look out 12, 18, maybe 24 months in so…”
Steve McDermott Jan 2, 2019 ▶ 28:52 a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations

Appearances (1)

EpisodeDateSpeaking time
a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations Jan 2, 2019 7m
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