Everything Logan Bartlett said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Legacy VCs retired rather than adjust to higher market competition
“A lot of very famous investors retire, and I don't blame them at all because the game on the field has definitely changed and it's far more competitive than it was in their day. And you're chasing around people trying to earn the opportunity to invest. And whe…”
VCs maintaining unadjusted peak valuations are delusional and lose LP trust
“It is some level of delusion. If you actually believe That all of these companies are worth what they were worth six months ago, then and you're saying that with a straight face to your limited partners, and I think you're losing trust, right? A hundred percen…”
Recent crypto fund vintages will produce a high number of zeros
“I think we're going to see a lot of zeros pop out of the vintages of these crypto funds that we've seen recently.”
Newer crossover funds that scaled rapidly face an imminent market reckoning
“Anyone that either doesn't have their existing track record of the last, whatever, 10 years attached to the name of their existing firm, or anyone that scaled well beyond what they had, you know, in the prior five years, in the last two years, I think anyone t…”
Logan Bartlett predicts tariff-induced corporate paralysis will trigger a US recession
“I think people are going to be stuck in this state of paralysis a little bit of like, what do we actually do right now? And inherently, I think that becomes self-fulfilling in the way that it's going to lead to a recession for us. I hope, again, I hope I'm wro…”
Logan Bartlett argues the Democratic Party is anti-growth and anti-capitalism
“If you look Democrats have been very anti-growth and anti-capitalism in a meaningful way. And I think it was just kind of embarrassing in some ways to be extolling the virtues or pushing back too much over the course of the last couple months, because it was s…”
Bartlett: Sovereign wealth replaced pensions and endowments in mega VC funds
“I think if you talk to smart endowments or pension plans or stuff, they, they've definitely as fund sizes have gotten to three, four, five, six billion dollars. Like those people have raised eyebrows and maybe voted with their feet to either scale down or walk…”
Bartlett: VCs avoided real reckoning for 2021 excesses
“It feels like there wasn't A ton of reckoning for sins that were made in 2022 1021. It feels like people were able to get a mulligan and say, Hey, you know what? Like, yeah, we got a little crazy, but now we've really doubled down and focused on what it is tha…”
Bartlett: LP prisoner's dilemma keeps private startup prices elevated
“Now we're at this prisoner's dilemma where it would be theoretically a great time for everyone to lean in if other people backed out because then prices would depress, but everyone's staying in. And so it's actually leading to prices staying elevated”
Bartlett: OpenAI Should IPO Soon to Capitalize on Market Demand
“If I were open AI, I would try to get out sooner rather than later. Right. Cause I think there's this demand both from
Institutional and retail to have exposure to some of these things. And if you look, I mean Palantir's where they're trading, and obviously th…”
Megafund 'relievers out of the bullpen' are driving up startup prices
“I've probably seen more of Hey, this fund has a bunch of money and you might not be getting their number one person. It could be their, you know, whatever, their reliever out of the bullpen that's coming in to do the round. And those are the ones that they're …”
Bartlett: Most AI equity value will probably accrue to Big Tech incumbents
“And I think in large part, maybe with the exception of open AI, like the vast majority of the equity value will probably end up accumulating to the Facebooks and the Microsofts and the, you know, the Googles and I guess open AI as well.”
Private growth deals hit 300x ARR while public markets peaked at 20x
“We were this summer seeing businesses get done at 200 times, 300 times ARR. When the public markets were saying like at best you could trade at, I don't know, 20 times forward revenue or something.”
Using sharp elbows to box out co-investors alienates founders long-term
“And the ones that don't do it well are the ones that really view this as out of the money call options. And if the opportunity presents itself, we're going to try to get sharp elbowed and box out other groups. And I've yet to see that really work. It might wor…”
VCs should not haggle over $10 million valuation differences to win deals
“Well, it's definitely informed my, if you wanna be in the company within the margin, just find a way to get into it and don't get too hung up on the ten million here, ten million there.”
Top marketing talent chooses consumer over B2B due to larger budgets
“Because if you were good if you cared about marketing and you were really good, you would go into consumer because the budgets are much bigger and you get an opportunity to be much more Creative and come up with things like Superbowl advertising and all that.”
Bartlett predicts the tech IPO drought will end by late 2016
“I'm optimistic over the course of the next six months or so this drought that we've had over the last quarter in companies going public. I think we're going to see that short itself up,”
Logan Bartlett expects new US trade tariffs to be a permanent policy
“I do think we probably need to take it literally at this point and assume that this is probably here to stay in some way, shape or form.”
Logan Bartlett: AI hardware supply chains will suffer from tariff disruptions
“There's so many complicated pieces of the puzzle from an AI standpoint that that I think it's going to be hard to disassociate the aggregation that is what's being tariffed into AI. And in talking to people over the weekend that are exposed to these large mode…”
Logan Bartlett praises Bill Ackman for publicly opposing Trump's new tariffs
“But I do think it's interesting to see people like Dan Loeb, or Dan Loeb Bill Ackman break rank and start to come out and really be negative against these tariffs. I mean, we can joke and I have certainly on Twitter About him and changing his views and all thi…”
Bartlett: Early-stage funding is largely uncorrelated with macro conditions
“That said, it does seem pretty uncorrelated what's going on at like a high level macro with the early stage funding environment.”
Bartlett: Institutional VCs still face social stigma selling secondary shares early
“I'm not sure it's totally socially acceptable, at least for the institutional funds to do it. I think it's far easier if you're an angel, people are a little bit more understanding of that”
Bartlett: Private equity firms have institutional moats preventing spin-out competitors
“So if you're a private equity firm, if you're Apollo, or Blackstone, or BlackRock, or whoever it is, right, and you're this big entity the people within your firm can't really leave and compete with you, because there's so much institutional infrastructure aro…”
Bartlett: Individual VCs can easily spin out and raise $100M-$400M funds
“In venture, it's so beholden, I think, at least to individuals and individuals can walk out the door and they can go raise a 102 103 104 hundred million dollars. And like, effectively compete with you in some way, shape or form.”