Venture Returns
topic on 3 shows · 7 statements across 7 episodes
Innovators & Investors 
All-In 
20VC
7 statements about Venture Returns, every show
O'Driscoll: Venture returns over last 5 years massively trailed public markets
“The truth is the venture return over the last five years has been massively lower than the public market returns.”
Morgan: Market size matters more than founder caliber in venture outcomes
“In fact if you look through history, the most important thing is how big is the market they're going after. But right after that is the founder.”
Clarkson: LPs must commit consistently because venture markets cannot be timed
“There is a very long history of looking at venture returns, which says if you're not in the market, you just don't know how to call the exit, so you have to be consistent about committing.”
Frank Rotman: Non-Unlimited TAM Startups Must Achieve Low-Scale Profitability
“Companies need to learn to make money at low levels of scale, right? Either you're in an unlimited TAM market where you can justify putting capital into the business and continuing to pour capital into the business. I think some SaaS companies Like, the TAMs a…”
Chamath: Mid-tier VC firms lacking media distribution will see bad returns
“If you're a traditional firm, you know, pick your organization, which neither has brands nor has distribution. What are you doing? Well, you're probably forced to just pay the highest price. And so those returns for those folks in the middle get really bad, I …”
Early-stage investing offers the highest probability of generating venture-scale returns
“So we think that the ability to generate venture returns, quote unquote, you have the greatest chance at the early stage.”