Everything Jesse Beyroutey said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Beyroutey: Abundant capital breeds lazy thinking and flawed rapid expansion
“Having a ton of capital can also cause a form of Just sort of lazy thinking where, for example, companies that have credibly high access to cheap capital and not enough discipline or first principles thinking might end up choosing to vertically integrate or to…”
Beyroutey: IA Ventures intentionally avoids growing fund size or scaling AUM
“We don't raise funds on a set and periodic cycle. And we've intentionally decided not to grow our fund size or assets under management”
Beyroutey: Startups compete with Big Tech by attacking niche flanks
“I think that that's fair in a whole host of markets, and so I think of that as a strong default, and I might compare that sentiment to the strong defaults in the nineties and early 2000 that you can't compete with Microsoft. And that's a strong default because…”
Beyroutey: Dominating one market rarely provides enough advantage for adjacent markets
“Achieving dominance in one market generally does not lead to enough extra advantage in the next market to then dominate that one too.”
Beyroutey: Early entry is the only strategy for outsized exit ownership
“Building ownership early is by and large, the only available strategy for having outsized ownership at exit.”
Beyroutey: Following news cycles is entertainment, not productivity
“I definitely believe that keeping up with the news and news cycle is more of a form of entertainment than a form of productivity.”
Beyroutey: Most demand for crypto assets today is speculative
“Today, most demand for crypto assets is speculative, and what makes it viable for natural demand, people who would actually be using the crypto asset for some sort of productive activity, is primarily a strong guarantee, like we were talking about before, that…”
Beyroutey: Market dominance opportunity inversely correlates with market scale
“Generally, the opportunity to dominate a market is inversely correlated with its scale, and I say generally because there are always exceptions to this, but you can look at a smaller scale market, and especially a smaller scale market today that has the opport…”
Beyroutey: Many viable companies should not raise venture capital
“There are a ton of companies that are worth building that Are not necessarily with the present level of information that the founder has a great high volatility upside call option that makes it a good idea to raise a bunch of capital and to scale it.”
Beyroutey: IA Ventures requires unanimous partner consensus despite individual lead autonomy
“Our model is that each one of us will lead an investment, and the person leading the investment is the ultimate decision-maker about whether or not we're going to pursue the investment. But in parallel, all of our investments are unanimous, so we don't do a vo…”
Beyroutey: IA Ventures turned TransferWise board decks into Google Docs for feedback
“I think the first company that I had the pleasure of working on at IA called TransferWise started doing this and we ended up doing it with a lot of our other portfolio companies. We made our board decks into a Google document”
Beyroutey: Passing on Plaid was my biggest investment mistake
“The company Plaid, I would count as one of my absolute biggest misses, and the mistake that I made was I looked at the product that they were thinking about building in the very beginning, which was consumer financial management and playing with location at th…”
Beyroutey: Board members should write as much as they read
“I would say spend time writing as much as you spend time reading, and that will cause you to ramp up as a board member and understand and be effective at knowing what the company does much faster than not.”
IA Ventures partners make only 1 to 3 investments each per year
“We do One, two, three, each of the three of us at iVentures each year.”
Jesse Beyroutey blocks social media and news apps during the workweek
“First of all, I deleted off of my phone every app or thing that I would unconsciously open and refresh. And that included every bit of social media and news platform. So I don't read them on my phone. And further, I stopped reading them during the week. So I s…”