Jenny Lefcourt
Partner, Freestyle. On 1 show, 1 appearance. The Shows tab opens the full record on each.
Jenny Lefcourt is a Partner at Freestyle, where she invests in early-stage tech companies. She previously founded Weddingchannel.com and Bella Pictures, both of which were acquired, and has angel invested in companies like Minted.
1shows
1appearances
13statements
1resolved
0supported
1contradicted
0%fully supported
33said about them ↓ Everything Jenny Lefcourt said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lefcourt: Lead investors do real due diligence, follow-on investors do not
“In general, I would say, The leads are usually doing a lot of due diligence, or at least enough due diligence work, and the follow-on checks are not.”
Lefcourt: Being a VC is a cakewalk compared to founding a startup
“Those of us that have been entrepreneurs know that this is a cakewalk compared to that of being an entrepreneur. That being an entrepreneur is so intense it's amazing, but it is intense, And so as a VC, the highs are not as high, but also the lows are not as l…”
Lefcourt: 2014 venture dealmaking pace was irrational and unsustainable
“When I joined Freestyle, deals were going so fast and furious, and I would also say, Argue that I saw a lot of stupid stuff happening, things that I could recognize because I was here in 2001 and I was here in 2008. Right. And so I've seen the downturns and I …”
Lefcourt: Founder experience is the best preparation for seed investing
“If you're going to be a seed stage investor, there's nothing like having founded a company, right? Walked a million miles in their shoes. Or if you're maybe even going later stage, I would say just operate and operate well and take those learnings to becoming …”
Lefcourt: VCs experience 'duck syndrome,' serene above but frantic underneath
“VCs have what I call duck syndrome. It looks serene and calm. They glide on top of the water, but underneath they're paddling frantically, and I think that's honestly what's going on.”
Lefcourt: Seed market in 2016 is calmer and more realistic than 2014
“I feel that right now it feels like a calmer, more realistic time, at least for me, and I would argue my, the, you know, the other seed investors than it did two years ago when I joined Freestyle.”
Lefcourt: Seed investors are no longer issuing next-day term sheets
“Now I would say that that pace has calmed down, and we're probably all at that pace, meaning that you're not meeting a company and giving them a term sheet the next day, but you're making sure that you really have a good relationship with this team, that you'v…”
Lefcourt: The bar to secure Series A funding has risen
“That the bar is higher now to get your Series A.”
Lefcourt: Early-stage startups should target 18 to 24 months of cash runway
“So I know if I wrote a check today, I want to make sure that that team has enough cash to make it at least 18 months, and ideally two years.”
Lefcourt: Time is the main constraint for seed startups reaching Series A
“The thing that I think matters the most in startups of getting from sort of seed stage to A is time. I've never met an entrepreneur who doesn't say, God, if I just had another six months, right? Because time's the thing that kind of bites you in the ass every …”
Lefcourt: Modern seed rounds are equivalent to historical Series A rounds
“I just think what used to be called Series A is now called SEED.”
Lefcourt: Consumer startup products must be 10x better and cheaper
“And I would argue in the consumer market, it does have to be 10 X better and cheaper.”
The other half of the tape: Jenny Lefcourt's own voice is left out of every number here. Other people bring the name up 33 times in 7 episodes across the shows. every mention, with the transcript →
Who brings them up most Harry Stebbings 23Josh Felser 4Roseanne Wincek 3Emily Melton 2Melody McCloskey 1
Every mention by year
tap a year for its mentions
20VC 33
2017 32 mentions in 6 episodes 5 per episode
- 20VC: The Blurring of Early & Late Stage, Why Your Go To Market Strategy Is More Important Now Than Ever & Why Venture Is The Academia Of Tech with Roseanne Wincek @ IVP
- 20VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
- 20VC: Why Every Founder Should Bootstrap Their Startup, How To Solve Information Asymmetry Between Founders and VCs & Living In A Cupboard For Two Years To Fund StyleSeat with Melody McCloskey, Founder & CEO @ StyleSeat
- 20VC: Inside Google's Growth Fund & The 3 Criteria They Look For With Potential Investments with Laela Sturdy, General Partner @ CapitalG
- 20VC: Why You Should Not Invest From Patterns, Why No Good Business Was Built As An Analogy Of Another & Why The Rise Of The 'Celebrity Investor' Is Concerning with Emily Melton, Partner @ DFJ
- 20VC: VC of The Year: Forerunner's Kirsten Green on 2 $Bn+ Exits in 1 Year, Why We Are In The Very Early Innings For Commerce & How Brand Has Fundamentally Changed Over The Last Decade
- every mention in 2017, scene by scene →
One line per show, most statements first. The link opens Jenny'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, Freestyle | 1 | 13 | 0% 0/1 | full record on 20VC → |