Avlok Kohli
CEO, AngelList. On 2 shows, 4 appearances. The Shows tab opens the full record on each.
executivefounderinvestorengineer@avlok ↗LinkedIn ↗avlok.com ↗
Avlok Kohli has served as CEO of AngelList since 2019, scaling its venture software and financial infrastructure platform. Prior to AngelList, he founded multiple companies, including Fastbite, which was acquired by Square in 2015, and Fairy.
2shows
4appearances
85statements
27resolved
15supported
3contradicted
56%fully supported
Everything Avlok Kohli said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kohli: A tech startup M&A acquisition spree will not happen
“The appetite to Just do rapid set of acquisitions in this market. I don't think it's going to happen. And then in the private markets the key question that's going to come up is what price do you believe? Right? Meaning if you're a private company and you've r…”
Kohli predicts all 15-minute delivery startups will go bust
“A hundred percent. Because the cost of capital goes up. And when the cost of capital goes up, you can't invest into launching new cities. And you can't invest into what typically ends up being the J curve of this type of a business where you end up losing mone…”
AngelList data shows more check-writers leads to more founders and innovation
“Is that when you have more VCs in the ecosystem, you actually do get more innovation, which I know is against what most VCs think, but we're actually seeing it play out in our data that when you have more people writing checks, you actually end up getting more…”
Kohli: Pre-seed and seed valuations will remain buoyed without major compression
“And so what you have is you have pre-seed and seed, they're buoyed. And we don't see that changing. We actually still see that staying the same and the valuation staying the same, maybe a little bit of compression, but we're not going to see it the same rate o…”
Kohli: Startups can no longer raise continuous seed extension rounds
“So what you, what was happening in the heyday of 20, 21 and 20, 22 was that companies would just keep raising these successive rounds and we would see it like C, C plus C plus plus, right. They just keep going on and on and on and always just raising a little …”
Kohli: Secondary Deals for LP Fund Positions Commonly Clear at 40-50% Discounts
“So one LP will purchase another LP's position and the range of discount that we're seeing actually is anywhere from. But what's more common Is actually 40% or 50% from last round mark. And so you're talking about a pretty significant discount to last round val…”
Kohli: Seed valuations will hold up better than late stage
“Pre-seed and seed, they're buoyed and we don't see that changing. We actually still see that staying the same and the valuation staying the same, maybe a little bit of compression, But we're not going to see at the same rate of series A, series B and onwards, …”
Startups can no longer raise successive leadless seed rounds
“So what you, what was happening in the heyday of 20, 21 and 20, 22 was that companies would just keep raising these successive rounds and we would see it like C, C plus C plus plus, right. It just keep going on and on and on and always just raising a little bi…”
Kohli: Pay-to-play startup rounds will accelerate through late 2023
“And so our view is that these will start ticking up in Q two and then definitely Q three, Q four, because these startups, they have a brick wall, right?”
Kohli: Market conditions do not support a rapid startup acquisition spree
“So I don't think the conditions are there for a rapid acquisition spree. Unless these are, like, rock bottom prices, and it's just like, you know, just, I mean, literally, you're getting an amazing deal, but I don't think that's gonna be good for employees or …”
Secondary VC fund positions are commonly selling at 40-50% discounts
“So one LP will purchase another LP's position and the range of discount that we're seeing actually is anywhere from. But what's more common Is actually 40% or 50% from last round mark. And so you're talking about a pretty significant discount to last round val…”
Assure collapsed after spending 6 to 10 years of prepaid SPV fees
“We saw Assure, which was an SPV provider effectively blow up completely. And they blew up in a spectacular fashion. They basically had took money in from all the SPVs that they were supposed to manage over six years or 10 years. And when they blew up, they're …”
Early-stage VCs cannot rely on executing pro-rata rights in breakout companies
“In reality, when you really are trying to invest your pro rata into the companies that are becoming really great, the assumption that it is going to be available for you is false.”
Software market expansion to $10B outcomes justifies higher early-stage entry valuations
“Software markets are much larger than anyone thought. The billion dollar companies are now ten billion dollar companies. And so what that means is the entry valuations can actually be much higher than before.”
AngelList expects to host a billion-dollar rolling fund very soon
“And we're actually seeing some rolling funds scale extremely quickly. And we do expect us to have the Equivalent of a billion dollar fund very, very soon under a rolling fund structure.”
The next cohort of top founders will raise entirely from rolling funds
“That the next cohort of great founders are raising their entire pre-seed and seed round from rolling funds.”
Kohli says AngelList venture fund capital flows nearly doubled in Q1 2025
“Within our data, we're actually seeing capital flows increase Q one, 20, 41, 25 by almost a double. And into just venture funds. And like we talked about SPBs and all of that, but like just venture funds alone, capital flows are almost, have almost doubled.”
Kohli predicts AI will not replace the fundamental role of human GPs
“So I don't think that's ever going to come from an AI, at least today, at least in the form that we know of it today. So as we think about the role of the GP, we think it's going to continue to stay the same.”
Kohli says international LPs drive AngelList's massive demand for stablecoin transfers
“So what's interesting about stable coins on AngelList is when the biggest use actually comes from the biggest pain from when LPs fund, and the biggest pain is when you're trying to move money internationally. And so we actually see a huge amount of demand from…”
AngelList data shows startup funding market experiencing largest drop ever recorded
“And so we're actually in the. The depth of the bear market, if you will, for venture right now, and that spread between where it was in the boom times and the bad times is the farthest distance it's ever been on, on everything that we track.”
Kohli: Series B deal volume and valuations are down over 50%
“I mean, you're talking about deal volume in Series B down more than 50%, valuations down more than 50% Series A is also down Series C is basically Gone, right? Like, I mean, you don't really hear of many late stage deals getting done anymore. It's very, it's r…”
Kohli: Capital markets are closed to startups without credible traction
“What we're seeing in our data is that only the companies that Actually have credible traction are raising now. So even if you put aside adverse selection, meaning the set of companies are raising from insiders and insiders are leading the rounds that we're def…”
Kohli: Lead investors are not strictly necessary to close seed rounds
“So we're not seeing that lead investors are absolutely necessary for a round to get closed, especially at the pre-seed and seed stage, right?”
Kohli: AngelList data shows 33% drop in startups raising capital
“And when you just take a look at that sample size of companies from today, sample size of companies in historical average, we're actually seeing a 33% drop in companies in terms of how many companies we expect would have raised by now, right? And so that's a p…”
One line per show, most statements first. The link opens Avlok's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 20VCLEDGER | CEO, AngelList | 3 | 77 | 58% 15/26 | full record on 20VC → |
 TBPNLEDGER | CEO, AngelList | 1 | 8 | 0% 0/1 | full record on TBPN → |