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: Tribe Capital ignores pitch decks and traditional data rooms
“Like I'm not looking at a data room. I don't look at their deck. I don't care about any of that.”
Sethi: Tribe generates 50-to-100-page company reports in 20 minutes
“The moment I get it on average, if we prioritize it, let's call it a P zero at the firm, it's 20 minutes to get a 50 to a hundred page report.”
Sethi: No other VC gives founders 50-to-100-page reports when passing
“If I'm giving you a 50 to a hundred page report and I'm passing on you with a 50 to a hundred page report. No one does that.”
Sethi: Tribe bases pro rata follow-on decisions on metrics, not board sentiment
“We don't rely on the last board meeting didn't feel good. So I don't want to do my pro rata. Or I didn't have a good conversation with the founder. We look very, very purely at the metrics and say, okay, great. If we were to upsize, what do we need to see?”
Sethi: Stealth energy company Invenia generates nearly $1B revenue with 60 employees
“Another one is we have a company called Invenia. Super stealth. Almost make about a billion a year in revenue. It's 60 people.”
Sethi: Tribe Capital holds private data on 2% of venture-backed startups
“I think the number for us is that we have roughly about two percent of almost all of the venture backed companies, private data sets that sit within our coffers and we benchmark off of, and the goal is to get to 10%, right?”
Sethi: Tribe Capital does not care about taking board seats
“I think a part of it is we don't care about board seats, at least again, aspirationally, we have, some of us have a ton, some of us have none.”
Sethi: AI and AGI will drive India's fourth economic arc soon
“And I think arc four will probably happen in the next, I'm gonna call it three, five years, where you start seeing these new companies that are leveraging actual software that's been around for 20 years machine learning, AI, and then AGI on top of it, which sh…”
Sethi: There are Between 40,000 and 50,000 Venture-Backed Startups Today
“The number of venture backed companies in the ecosystem today is between 40 and 50,000.”
Sethi: Termina's eight-person team processes 4,500 to 5,000 companies annually
“So today I think we look at maybe across all of our organization, but I think we're on a run rate of about, you know, 4500, about 5000 companies per year. That's a lot. And the team that runs that for a company called Termina is eight people.”
Sethi: India Is Only at the 'Product Market Fit' Stage of Market Liquidity
“So I'd say that, you know, on the. 20 year curve of what you wanna see in terms of liquidity in India, I think they're just starting. Let's call it. They're right at the product market fit stage.”
Sethi: Startup attrition is 80-90% at seed and 60-70% at Series A
“And so the way to sort of think about it is at the early stage seed, it's about 80 to 90% attrition. At the series A, it might be 60 to 70, series B sort of comes down.”
Sethi: Five companies drive the majority of the Indian stock market
“If you look at the Indian companies, you actually have five companies driving the majority of the public market today.”
Sethi: Buy companies on intrinsic value and sell on options value
“You want to be in the best intrinsic valued companies. So when they do get valued options value, then you sort of want to retreat and or sell your assets.”
Sethi: Docker Grew From Under $5M to Nearly $200M in 18-24 Months
“We had a company called Docker. When we invested, they were just shy of five million. They're roughly just shy of two hundred million today. And, you know, it's basically between 18 and 24 months.”
Sethi: Carta Grew From $6M to Nearly $400M in Revenue
“We had a company called Carta, which is more of a network effect company around cap tables in the United States and in Europe. When we invested again, there were sweet spots between, you know, zero and ten million revenue, but there were around six. Today, the…”
Sethi: Series B and C Funding in India Is Frozen
“So if you take a look at sort of series B and series C funding in India, it's still relatively frozen.”
Sethi: Docker controls roughly 80% of global container images and desktop systems
“You take a look at a company like Docker. It's about 80% of the world's container container container images and container desktop environment systems.”
Sethi: Selling secondary equity was heavily stigmatized around 2008
“Taking secondary at that time as well was like a huge no, no. Like if you did it, You've committed some sort of sin, especially during the 2008 timeframe.”
Sethi: Early-stage angel rounds typically see an 80% failure rate
“The same loss ratio that you see typically at the early, early stage angel rounds, which is 80% of the stuff you invest in fails.”
Sethi: Social Capital was sole firm with growth and data science team
“Social Capital was the only firm that I had met that had built out a growth and data science team at the time.”
Sethi: Top 5% venture funds can have a 60% loss ratio
“Typical firms across early and mid would have up to, let's say a really, really good firm. It's 30% loss ratio, but on average, even as it's publicly available data, you can have up to 60% loss ratio, but you can be a top five percent firm.”
Sethi: Venture valuations are inflated at seed and late stages
“It's really, really early at the seed stage. You have a, maybe a product, a team or an idea, maybe you have a demo, but you're mainly going off of a narrative that people get excited about. And so people bid that. And that's the market price that you pay. So i…”
Sethi: Early-stage and $5B–$15B companies require the most investor support
“The earlier we invest, the more hands-on work. The later we invest, the less. There's more governance. But the much more later the company becomes in their life cycle, let's call it five, 10, fifteen billion these days that you see for a lot of our companies, …”
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 →
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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 → |