Everything Peter Wagner said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Wagner: Sweet spot startups balance customer familiarity with incumbent defense
“Finding that opportunity, which is close enough to something that people understand, so it isn't just a complete lobotomy for the customer, right? You know, so that, so they have some grounding, but different enough so that it isn't just kind of an obvious nex…”
Peter Wagner: Thematic focus helps VCs judge market timing risks
“I think the thematic focus and sort of only working in domains that you understand really well is an advantage. You know, you have I think better, better proximity to judge when, you know, when the architectural transition is, is, is likely to occur. You have …”
Wagner: Relying on a startup's second act is highly risky
“It's incredibly difficult for a startup to do a second thing, you know, so, so any sort of notion about Oh, well, I'll do this first thing, and it's not that big an opportunity, but I'll be, then I'll be able to do this second thing. It's like, oh boy, you kno…”
Wagner: Overoptimism about internet safety led to a bad AI investment
“The willingness to spend was really actually concentrated, and at least now in a relatively small number of businesses, and I think the mistake was, like, I really wanted it to be true, like, and maybe, you know, because I would just love for the internet to b…”
Wagner: Low Valuation Is Never Justification to Invest in Flawed Companies
“A low price is never a reason to do, to make an investment right, so there's no, no, No, no price, you know, that, that will, that is sufficient justification for something that is, you know, otherwise flawed.”
Wagner: VCs deciding on company sales must closely heed management recommendations
“I try and really listen closely to the management teams, you know, cause, cause they are so much closer to the action. And, you know, if you're talking about, should you sell a private company or not? Their recommendations need to be really discerned and close…”
Wagner: Word of mouth and personal touch no longer cover modern VC market
“Well, the industry has scaled to the point where you know, just things like word of mouth and direct personal touch you know, are insufficient to reach the market, and even though I happen to prefer working that way but I just have to get over myself a little …”
Wagner: First-time founders' biggest mistake is prioritizing expediency over value
“I think choosing expedience over, you know, the hard things that, that actually Contribute to long-term value. You know, there's sort of quick fixes and sort of feel-good measures that can take the edge off whatever is bothering you at a moment in time. But th…”
Wagner still holds much of his Facebook stock from Accel days
“I still hold a lot of our Facebook investment, you know, back from you know, the Excel days.”
Wagner has never sold a single share of his Snowflake stock
“I've never sold a share of Snowflake, and, you know, I'm optimistic that that'll turn out to be a good decision.”