Jeff Wang
person on 3 shows · 19 statements across 2 episodes · said 7 times in 3 episodes since 2021
Latent Space 4 
20VC 3 
A Product Market Fit Show
On the record as a speaker too: Jeff Wang across every show, appearances and statements → this page counts the times other people say the name.
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Latent Space 420VC 3
2025 6 mentions in 2 episodes 3 per episode
2021 1 mention in 1 episode
every mention on every show, scene by scene, with the transcript →
19 statements about Jeff Wang, every show
Wang: Amplitude had $10K to $20K in ARR in early 2014
“I think I want to say when I joined, there was, you know, between 10 and 20 K of ARR. And so not zero, you know, not a lot, but not zero.”
Founders gain massive leverage by strategically exaggerating their company narrative
“There are some domains, you know, marketing, fundraising, where I think you get kind of disproportionate leverage out of your ability to storytell and exaggerate in ways that like, not trying to lie, but like trying to communicate your point in a, you know, ag…”
Wang: Founders should never tell investors they have no secret sauce
“When people used to ask me, like, what's your secret sauce? They'd be like, oh, we don't really have a secret sauce. Like, that's a bad answer. Like, don't say that. Don't tell anybody that. Just say you have a secret sauce. It's like, yeah, we're the Smart en…”
Wang: Burnout comes from lacking an energizing environment, not excessive hours
“You burn out, not because you're just spending too many hours on something you burn out because like, you don't have that sort of energy sustaining environment that allows you to kind of go beyond what you might expect yourself to be able to do.”
Jeff Wang took a 70% pay cut to join SCGE in 2010
“On the flip side though I was taking a 70% pay cut and there was a real risk of failure, right? Most hedge fund launches don't survive.”
Wang: Only trim stocks when valuations get 18 months ahead of fundamentals
“I tell my team, don't tell me if, you know, ServiceNow is 10% too expensive. If we have a three to five year investment hold period, you know, 10%, if you get six months ahead yourself in terms of the pricing, it's not going to impact your IRR that much. Where…”
Wang: SCGE should have trimmed portfolio positions more aggressively in 2022
“I think 2022 was a period where a lot of these stocks got ahead of themselves and we should have, we had to trim, we trimmed a bunch, but we should have trimmed more.”
Wang: SCGE is prioritizing public markets over privates due to deal quality
“And so right now, for example, we do not see for SCGE as many opportunities in the private markets And so most of our attention is actually on the public markets.”
Wang: Hedge fund crossover 'tourists' have been wiped out of private markets
“Over the last few years, there have been a lot of tourists, as you know, a lot of tourists mostly on the hedge fund side who've dabbled in private markets and they've gotten burned. Those tourists are out of the market. We don't see them anymore.”
Wang: Crossover Investing Market Will Improve as IPO Window Reopens
“And so I do think the crossover market is getting more attractive and it's getting more attractive. It's just one tourist exit and two as the IPO markets open up again.”
Wang: SCGE targets steady-state private exposure of 20% to 25%
“I think closer to 20 to 25% would be more comfortable because then that gives us an opportunity to add. I think If we are focused primarily on the public markets, let's say if we had 50% of the portfolio private, that would feel too illiquid to me. So 20 to 25…”
Wang: VC and PE firms launching public funds historically fail
“The history of venture PE firms launching public funds has not been a good one.”
Wang: SCGE takes carry once every three years instead of annually
“We have also a three-year incentive crystallization. And so what that means is most hedge funds, as you probably know, just take carry at the end of each calendar year. We take carry once every three years, and we also vest ourselves over a three year period.”
Wang: VC partners dictating public fund investments guarantees failure
“Now, when I speak to other VCP funds that reached out to me over the years to get advice about launching a similar effort They almost never want to give up control. They want to dictate the investing. And I just don't think that's a recipe for success.”
Wang: US and Canada generate two-thirds of global software revenue
“If I look at most software companies, you're probably Two thirds kind of US Canada in terms of revenue contribution and then one third everything else.”
Wang: Michael Moritz still helps write SCGE quarterly investor letters
“Michael still helps me write my quarterly letters to this day.”
Wang: Disregarding Google at Stanford taught me not to underestimate disruption
“Probably not taking Google more seriously. So I was at Stanford at the time of its founding. I was even a section leader for Marissa Mayer for a computer science class where she was a lecturer. And so I heard about it from her too. And I just thought to myself…”
Wang: Public market advantage is measured in months, not years
“I think it's important to be early, but if I think about the public markets, we're talking about not years, but months, right? If you are, because the public markets price something so quickly, if you figure it out last year, that hyperscaler CapEx was going t…”
Wang: Tech CapEx is unprecedented due to $150B Big Tech cash flow
“You have never seen this level of investment because I think if you roll back to 1999, for example, the, you didn't have this mag seven that was throwing off, you know, one hundred and fifty billion of free cash flow and you can go invest gobs and gobs of mone…”