Everything Gopi Rangan said on any show that made the record, most notable first. Each card names its show and opens the statement there.
VCs need massive checks to form meaningful founder bonds at Series A
“It's really hard to be a meaningful, important person in the journey of a founder if I appear in front of them at series A, series B, and the only way to even have a meaningful role at that point is to write a very big check.”
Rangan: Pretty much every successful VC operates as a solo GP
“I believe that pretty much every successful VC is a solo GP, whether they're part of a large firm or not, or on their own.”
Rangan: Founders should keep their two-to-five-year roadmap intentionally fuzzy
“You actually want to be fuzzy, intentionally fuzzy, because you don't want to be adamant about this is exactly how I'm going to build a business, because you never know. You put the product out, And the customer looks at it, they might be using it for a totall…”
Polished slide decks without typos are too late for Sure Ventures
“I usually say that I invest at the stage when there are typos in the slide deck, and if the slide deck is already polished and no typos, it's a little too late for me.”
Rangan: Sequoia Was Famous and Successful at Replacing Founders with CEOs
“Sequoia was very famous for doing that many times, and was successful as well.”
Rangan: $500M funds take early-stage meetings to learn, not invest
“If the founder speaks with an investor who has a five hundred million dollar fund, it's highly unlikely they're going to invest. Even, they're never going to invest in the first place anyway, but they'll take the meeting just to find out what's curious, and th…”
Rangan: Portfolio founder intros are the highest quality VC introductions
“Look at their portfolio of the VC. They will have, you know, 50 to a hundred startups on their website. Find a founder who can help you and hustle your way to get that into a warm introduction. That's the highest quality introduction you can get.”
Rangan: Founders should pick specialized advisors for specific topics, not generalists
“That mastery of how do you surround yourself with two or three people who can be your go-to advisors for certain topics. Now, I usually say that don't go to a Japanese restaurant and ask for fried rice because just because they have rice. Like they're, that's …”
VCs cannot rely solely on long-term existing networks to succeed
“We cannot only choose to work with people who we've known for many years. That's a very myopic view of how to be a successful venture capital investor. We have to. We are forced to get out and go make new friends.”
Ninety percent of Rangan's portfolio companies had zero revenue at investment
“90, 90% of the companies I've invested in have zero revenue. When I invest with the barely a slide deck in place, like there's Really no revenue at all.”
Rangan: Apple's Concept Would Have Failed Under Google's Founders
“Or if you gave the idea of, you know, Apple to Sergey Brin, And Larry Page, I don't think that would have worked. The Apple required someone like Steve Jobs that was a true visionary product leader who knew what the customer needed even before the customer kne…”
Rangan typically decides on startup investments in one or two meetings
“Most often I make these decisions in one or two meetings. It's very, very rare that it takes more than a few weeks for me to make a decision.”