Lee Hower

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

20VC Insight

Hower: $100M exits return seed funds but fail multi-stage fund thresholds

“If you own 10% of a company that exits for a hundred, hundred fifty billion dollars with a 40, 50, 60, seventy-five million dollar fund, you can still return a meaningful portion of that fund with a, you know, a 102 hundred million dollar exit. Obviously, the …”

Lee Hower Mar 8, 2017 ▶ 13:10 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Prediction Held up

Hower: Autonomous Vehicles Won't Be Everywhere in Two to Three Years

“I happen to be of the opinion that we're not going to have self-driving autonomous vehicles everywhere in a very, you know, in the next two years or three years, but I do believe that there's a massive opportunity in transforming transportation, which is a hug…”

Lee Hower Mar 8, 2017 ▶ 19:43 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Insight

Hower: No 'subprime model' exists in venture capital due to power laws

“There's no subprime model to venture capital investing, right? You can't invest in the mediocre companies at a cheap price and produce a good outcome because the distribution of outcomes is a power law. It's not a normal distribution.”

Lee Hower Mar 8, 2017 ▶ 12:06 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Opinion

Hower: Standalone chatbot and messaging AI companies are overhyped and unsustainable

“I think not sustaining, there's a lot of emphasis on Sort of chatbots and messaging AI happening at a messaging layer. I think that's actually going to be critical in many, many ways to a broader array of applications, but I think undue emphasis has probably b…”

Lee Hower Mar 8, 2017 ▶ 19:03 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Assertion Supported

Hower: PayPal went through three CEOs and burned $10M+ monthly in 2000

“During my first year working there in 2000, you know, we had essentially three different CEOs over the course of that year. You know, at our worst point, we were burning, you know, more than ten million dollars a month.”

Lee Hower Mar 8, 2017 ▶ 6:24 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Insight

Lee Hower: High valuations without progress create severe overhangs

“At any point in, in the life cycle, You can create a valuation overhang where if a company raises capital at an exceptionally high valuation and can't hit value accretive milestones along the way to merit that, that valuation, they put themselves at a challeng…”

Lee Hower Mar 8, 2017 ▶ 11:45 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Assertion Supported

X.com and Confinity completed a 50-50 merger in spring 2000

“The two companies ended up merging a fifty-fifty merger of equals in the spring of 2000.”

Lee Hower Mar 8, 2017 ▶ 3:10 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Assertion Supported

Hower: Average seed funding rounds were $1M in 2010

“When we started investing in 2010, you know, your average seed round was about a million bucks or slightly larger.”

Lee Hower Mar 8, 2017 ▶ 10:26 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

20VC Assertion Supported

Hower: Dedicated seed funds were scarce in Boston and NY in 2010

“And at the time that we started in 2010, you know, there were relatively few seed funds here in the New York area and the Boston area. Fast forward to today, you know, 2017, there's obviously been a proliferation of seed investors.”

Lee Hower Mar 8, 2017 ▶ 10:00 20VC: Why Valuation Is Of Critical Importance At Seed, How To Understand Innovation Cycles & Having 3 CEOs and Burning $10m a Month with Lee Hower, Co-Founder @ NextView Ventures

The other half of the tape: Lee Hower's own voice is left out of every number here. Other people bring the name up 6 times in 4 episodes across the shows. every mention, with the transcript →

Who brings them up most Rob Go 4Harry Stebbings 2

Every mention by year

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

Show	Role there	Eps	Statements	Record
20VCLEDGER	Co-Founder & Partner, NextView Ventures	1	9	100% 5/5	full record on 20VC →