Visa Ventures

“You might be working really hard on something that can, that then gets Completely obviated by a product release from a large company. And that's even faster now than it has been in previous cycles.”

“We don't invest in direct to consumer tech companies. Generally, those are our customers, but we invest into business to business companies.”

“In the context of six hundred billion market cap company that Visa is what we do financially is not going to move the needle”

“We're fortunate that, that we don't need to fundraise and we don't really have too much of a portfolio construction overlay, right? Is that we care about financial returns, but you know, our treasurer is not coming to my team, sort of pounding the table for DP…”

“So typical check size for us is a couple of million dollars. So we're not fighting for allocations. We're not saying we need 10% ownership and trying to elbow people out of the way.”

“So we don't lead or price rounds, so we're not the ones that are out there setting the valuations.”

“So historically, most of our investments have been A to C. But we've done a few seed investments recently in rapidly emerging spaces, right? If I take agentic commerce, there's not a lot of series B or C stage companies there. So we've done a couple of seed in…”

“Actually half our portfolio is outside North of America. Outside North America. So we've made a lot of investments in all parts of the world.”

“My predecessors had the great foresight to invest in Stripe and Square and Klarna and Marquetta and a lot of these companies as they were getting going.”