Arjun Sethi
Co-Founder, Tribe Capital. On 2 shows, 2 appearances. The Shows tab opens the full record on each.
2shows
2appearances
66statements
8resolved
3supported
2contradicted
38%fully supported
1said about them ↓ Everything Arjun Sethi said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Sethi: Quick commerce companies still lack unit economics and free cash flow
“So one of the reasons why you've seen me not invest in, you know, quick commerce or any of the delivery companies that were there, they, A, they didn't have unit economics. They still don't today. They're trying to do growth at all costs. I think that can make…”
Sethi: FTX showed $1B revenue and $600M EBIT when Tribe evaluated it
“Where at the time that we had measured and quantified it, there were about a billion in revenue, about six hundred million in EBIT.”
Sethi: Over half of Tribe's portfolio has average teams but great PMF
“If I went through all of the companies that we have in our portfolio, I would say that 50, 60% plus are what I call average teams, but they have amazing products and product market fit.”
Sethi: Social Capital marketed data capabilities ahead of actual execution
“I don't think we successfully did that, but I think we did successfully marketed it ahead of what we could do, but we did bring some of the brightest minds around the table.”
Sethi: VCs demand high ownership targets because they are bad pickers
“A lot of the reasons why people focus on ownership, it's a hard thing to say is that they're just bad pickers. So if you say I can focus on 20, I want 10, 15, 20% ownership in this company. It's because they believe that if they make failure somewhere else tha…”
Sethi: Startups like Terra and FTX could reach hundreds of billions
“These companies will probably at some point, if they continue to grow at the pace they're growing, could be worth hundreds of billions of dollars.”
Sethi: Tribe Capital holds the world's largest private company database
“And so we have the world's largest repository of private data of private companies. More than anyone else in the world because we've been doing it for 10 years.”
Sethi: Tribe Capital is on track for net 5X returns on all funds
“We have a goal of hitting a net five X return profile for all of our funds over a 10 year period. And we've always been on track for them. That's kind of our historical record.”
Sethi: Emerging market consumer distrust forces companies to become conglomerates
“In emerging markets, consumers are not willing to trust companies, and so you have to build a brand to a certain size and scale, and then they'll start enabling trust to be able to try multiple products. It's why you see so many companies like a la Zomato, not…”
Sethi: 80% of Recent Venture Capital Will Go to Zero or Consolidate
“And I think people are, in my opinion, and what we're geared up for is that about 80% of the, that capital is gonna get into consolidated or zero.”
Sethi: Tribe Capital's portfolio loss ratio has always been under 5%
“And so historically, and up until this day, you know, fast forward four or five years since we started, our loss ratios have always been sub five percent.”
Sethi: 90% of startups lack product-market fit, even after raising $100M
“90% of the time, companies do not have product market fit. That's a really hard statement. Even companies that have raised upwards of 25, 50, a hundred million dollars, sometimes they don't have product market fit.”
Sethi: A startup's core product-market fit dynamics never improve over time
“One thing that never changes, and we've seen that across every company, we've been a part of Uber, Facebook, Airbnb, Lyft, et cetera. The list goes on where we built a lot of these growth and data science frameworks is that their product market fit and how the…”
Sethi: Data Is Not a Strategy, Only an Input to Interpret
“Data isn't your strategy. It's just something to interpret. And your strategy and your mission has to be, you know, like it has to be based on like what you really care about.”
Sethi: Current Venture Capital Practices Are Archaic and Outdated
“What you see in venture today is it's pretty archaic and pretty old.”
Sethi: Deflationary tech means winning companies emerge in every sector
“And so our whole point here is that if software and technology and infrastructure is inherently deflationary, you will find companies in every sector that's good. And there's gonna be winners in every category. And as long as you can benchmark that that compan…”
Sethi: Indian market valuations are halfway between intrinsic and options value
“You're probably right in the middle between intrinsic and options value because of the India story.”
Sethi: US Private Market Reached Lowest Point in 25 Years
“In the U.S., we are kind of at the lowest point we've been since the last 25 years almost. That's right. And it's starting to come back slowly.”
Sethi: US IPOs Require $200M-$300M Revenue Versus $50M in India
“So if you're in India, you go public at fifty million plus in revenue which is great. In the U S you gotta be between 200 to three hundred million revenue as a starting point, but you have to be growing 50 to 60% sort of year over year and pretty efficient wit…”
Sethi: Startups fail from product, go-to-market, or management depending on stage
“At the early stage, they don't work because their product doesn't work. At the mid stage, you might have the product, but their go to market doesn't work. And at the late stage, it's because the management team decides to do something extreme, and then the com…”
Sethi: Relying on US tech giants to acquire Indian startups is a bad strategy
“I think if you're relying on US companies buying Indian companies, that's a pretty bad strategy. To me, that's akin to just hope as a strategy, which is pretty poor.”
Sethi: Good venture allocators concentrate in winners, not bridging strugglers
“So if you're, in my opinion, a good asset allocator, you're reducing your loss ratio and you're concentrating your capital and the products that are working. So you're not bridging companies. You're not reserving companies just because they got a series B or a…”
Sethi: Lolapps spent up to $60M monthly on digital advertising
“We would spend upwards of 50 to sixty million dollars a month in advertising across mobile and social platforms.”
Sethi: MessageMe team became rare outside shareholders in Telegram
“Part of the asset sale and team acquisition, interestingly enough, was that we ended up selling a small portion of our designs and products to Telegram, and so you see a lot of that today. So we're probably one of the only outside shareholders that own parts o…”
The other half of the tape: Arjun Sethi's own voice is left out of every number here. Other people bring the name up 1 time in 1 episode across the shows. every mention, with the transcript →
Who brings them up most Siddhartha Ahluwalia 1
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the Neon Show 1
One line per show, most statements first. The link opens Arjun's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| NEON SHOWLEDGER | Co-Founder, Tribe Capital | 1 | 34 | 40% 2/5 | full record on the Neon Show → |
 CAPITAL ALLOCATORSLEDGER | 1 | 32 | 33% 1/3 | full record on Capital Allocators → |