Ilya Fushman

Everything Ilya Fushman said on any show that made the record, most notable first. Each card names its show and opens the statement there.

20VC Prediction Not checkable as stated

Fushman: Slack will become workplace productivity's primary operating system

“Slack is one of the fastest growing companies, I think, that's been around, and it's poised to transform how people work and communicate, and build a true operating system and platform for productivity going forward.”

Ilya Fushman Sep 19, 2016 ▶ 22:53 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Assertion Not checkable as stated

Fushman: Dropbox conducted a major reorganization every six months while scaling

“And so, yeah, I think every six months we did a pretty significant reorg.”

Ilya Fushman Sep 19, 2016 ▶ 6:59 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Insight

Fushman: VCs giving operational advice must avoid being prescriptive

“It's dangerous to be prescriptive.”

Ilya Fushman Sep 19, 2016 ▶ 14:36 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Assertion Supported

Fushman: 70% of Dropbox users were located outside North America

“Dropbox had 70% of its users outside of North America, and the biggest chunk of those were in Europe”

Ilya Fushman Sep 19, 2016 ▶ 18:54 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Assertion Partly supported

Fushman: 30% to 40% of SaaS company revenue comes from Europe

“If you look at most SaaS companies, and really, I think, most companies that generate revenue, 30 to 40% of their revenue will come from Europe”

Ilya Fushman Sep 19, 2016 ▶ 18:54 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Insight

Fushman: Venture capital is like a swim team, not a soccer team

“But it's a sometimes lonely job. It's like being on a swim team and not a soccer team.”

Ilya Fushman Sep 19, 2016 ▶ 19:57 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Insight

Fushman: Scaling requires turning implicit leader knowledge into documented processes

“As you scale, you need to start investing a lot more in communication and transferring the knowledge that's in your heads and verbalizing it and putting it in some kind of processes for everybody else.”

Ilya Fushman Sep 19, 2016 ▶ 6:30 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Insight

Fushman: Venture feedback cycles differ fundamentally from product development

“The feedback cycles in venture are incredibly different from the feedback cycles of building and shipping products, and that's probably the biggest gap.”

Ilya Fushman Sep 19, 2016 ▶ 11:52 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

20VC Assertion Supported

Fushman's solar startup built the most efficient and expensive solar cell

“We built the world's most efficient solar cell. It was also the world's most expensive solar cell, so that didn't quite work out.”

Ilya Fushman Sep 19, 2016 ▶ 3:10 20VC: Index's Ilya Fushman on The Key Lessons From Scaling Dropbox To 400m Users, Is Excessive Amounts Of Capital Driving Valuations Too High In The Valley & Why Venture Is Like Being On A Swim Team Not A Soccer Team

The other half of the tape: Ilya Fushman's own voice is left out of every number here. Other people bring the name up 32 times in 13 episodes across the shows. 4 statements on the record name them. every mention, with the transcript →

Who brings them up most Harry Stebbings 12Joe Thomas 7Eoghan McCabe 5Hubert Palan 3Mark Goldberg 1Mamoon Hamid 1

Statements about Ilya Fushman, by other people (4)

20VC Insight

Goldberg: Investors should pay up for category winners over #2 or #3 players

“Yeah, so I think one of the lessons I learned from Index Ventures, and certainly two of my mentors, Mike Volpe, Ilya Fushman, was you want to be in the category winner, and when you need to pay up to be in a category winner, that's something that I think a lot…”

Mark Goldberg Oct 25, 2024 ▶ 16:58 Mark Goldberg: Why Politics is Rife & Decision-Making is Broken in Large VCs | E1219 · 20VC with Harry Stebbings

20VC Disclosure

Loom raised Series A from Kleiner after Index rejected their seed

“Now, we ended up fundraising from Ilya, who had moved over to Kleiner at that point from Index, but we were worried, even though he individually had a ton of conviction about Loom, we weren't able to get the seed round done with Index, and so there was no guar…”

Joe Thomas Aug 7, 2020 ▶ 25:38 20VC: Loom Founder Joe Thomas on Whether To Take Multi-Stage Money at Seed, How Early Stage Founders Should Select Their VC, How Sequoia Won The Loom Deal & The 3 Rules To Operate Remote Teams Successfully

20VC Opinion

McCabe: Kleiner Perkins partner Ilya Fushman is his favorite board member

“I loved working with Ilya Fushman. He's with Kleiner Perkins these days. Ilya was always just real. I'm a stickler for integrity and authenticity, and Ilya was what he was and is what he is, and There was no games. It wasn't hard to figure out, and I admired t…”

Eoghan McCabe Oct 22, 2020 ▶ 26:55 20VC: Intercom Founder, Eoghan McCabe on How To Deal with the Weight of Expectation, Having Your Identity Tied To Your Company, How To Be Your Authentic Self Even with Stakeholders & Why There Are No Rules

20VC Assertion Not checkable as stated

Hubert Palan: Ilya Fushman conducted deep on-site diligence for Productboard's Series A

“But if I look at our, even the early round series A, like Ilya Fushman showed up at our office, you know, for people here at WeWork, but like he wanted to see the other people. He wanted to talk to people. So like, you know, he did a very good diligence and th…”

Hubert Palan Jan 29, 2021 ▶ 11:37 20VC: Why "Founder Insight" is Overrated, Why Big and Bold Product Visions Can Be Dangerous & Why Getting To Product Market Fit by Accident Can Lead to Danger with Hubert Palan, Founder & CEO @ ProductBoard

Every mention by year

One line per show, most statements first. The link opens Ilya's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
20VCLEDGER	Partner, Kleiner Perkins	1	9	67% 2/3	full record on 20VC →