Dan Scheinman
person on 2 shows · 10 statements across 1 episodes · said 4 times in 3 episodes since 2019
the Official SaaStr Podcast 3 
20VC 1
On the record as a speaker too: Dan Scheinman across every show, appearances and statements → this page counts the times other people say the name.
Mentions by year, every show
tap a year for its mentions
the Official SaaStr Podcast 320VC 1
2023 2 mentions in 1 episode
2021 1 mention in 1 episode
every mention on every show, scene by scene, with the transcript →
10 statements about Dan Scheinman, every show
Seed investing requires concentrating on a few disruptive winners
“I'm focused on finding those few companies that can provide really disruptive returns in order to be able to keep funding the business.”
Dan Scheinman predicts a return to large-scale tech M&A
“So I have, for a variety of reasons, not Participated in secondaries so far, and I believe that there will be exits, that great companies eventually will exit, that we will see a return to some larger M&A in markets where it becomes so critical for some of the…”
Acqui-hires now yield only 1x to 1.5x returns for early investors
“What I've seen has been that, in reality, some of those transactions look a lot more like return of capital or maybe one and a half X kind of returns, and it's no longer that lucrative on that side.”
Dan Scheinman wrote a seed check to Eric Yuan before seeing a pitch
“And so at that moment, to be honest, I didn't even care what he was doing. I said, I'm going to write you a check. I'm in because you're the kind of leader that it almost doesn't matter what you're building. I believe in you. And I did write him a check”
Seed investing is 70% EQ and people evaluation
“Truth is, it's 70% of it is really the EQ, because this is all about the people.”
Dan Scheinman prefers priced rounds and SAFEs over convertible debt
“So my ideal preference is to do a price round. My second preference is to do effectively a safe. My dislike is of the convertible debt. I think it's ultimately, it's a lose-lose for both sides when things don't go so well.”
The biggest sin in venture investing is missing outlier winners
“The biggest sin is missing that 10% deal that's the huge winner, right? Because no amount of mediocre kind of deals can make up for missing Uber or whatever, Zoom or Arista or whatever you want to say. No amount of things can make up for missing something that…”
Overpriced seed rounds deter price-disciplined Series A investors
“There's a certain price which I think is too high because what I worry about is not that it doesn't work out numbers-wise, but I worry that it detracts or deters A-round people from actually investing. Because they are more price disciplined.”
Founders in top deals often ask angel investors to forego pro rata
“And the other thing that happens in good deals is the founder frequently doesn't want you to do your pro rata because they want to give the new investors as much room as possible. So I found that there's an alignment generally in the good deals that, hey, stic…”