Rishi Garg

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

20VC Disclosure

Square Wallet failed because Square backed it too long without 10x value

“We tried Square Wallet. It was unsuccessful. We backed it for too long. We kept it going for too long. I think there wasn't enough focus on creating the same kind of 10 X value proposition in that product that Square's core product originally had.”

Rishi Garg Jan 18, 2017 ▶ 25:24 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

20VC Opinion

Garg: VCs fail to systematically evaluate co-founder dynamics during diligence

“What VCs generally do is they rely on their systemic ability to sort of perceive these things in meetings or reference checks. One of the things they don't do is systematically evaluate and try to dig into what are the relationships between co-founders look an…”

Rishi Garg Jan 18, 2017 ▶ 12:54 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

20VC Assertion Partly supported

Discussing equity splits at length correlates with higher long-term enterprise value

“There's a guy named Noam Wasserman who has found that whenever founders discuss equity splits at length, even if they end up just dividing it 50 50, okay, the fact that they've had the conversation is a higher indicator of long-term company success based on en…”

Rishi Garg Jan 18, 2017 ▶ 14:22 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

20VC Assertion Not checkable as stated

Very few of the most successful tech startups raised huge Series A rounds

“If you look at the data, look back at all the companies that have been founded, and ask yourself, how many of the best companies that we're most proud of started out with a really huge Series A's? Very few of them have that dynamic. That doesn't mean it's not …”

Rishi Garg Jan 18, 2017 ▶ 20:35 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

20VC Assertion Not publicly verifiable

MTV Networks offered Facebook a Series A term sheet at $45M valuation

“We put a term sheet on Facebook series eight, a forty five million dollar post.”

Rishi Garg Jan 18, 2017 ▶ 5:10 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

20VC Insight

Garg: Seed startups should raise twice their estimated testing cost

“At the series seed, I always say, like, you want to basically double your money, so it's going to take you 600 grand to answer three or four top hypotheses, try to raise a million to.”

Rishi Garg Jan 18, 2017 ▶ 22:36 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

20VC Opinion

Garg: Series A startups should target 20 to 24 months runway

“It's going to take me nine months to figure out or 12 months to figure out the key hypotheses I need right now. So let me add another, you know, nine to 12 months of runway onto that. So that puts you kind of into the range you mentioned, that kind of 20 to 24…”

Rishi Garg Jan 18, 2017 ▶ 22:52 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

20VC Assertion Supported

Twitter completed about 14 acquisitions in 14 months under Rishi Garg

“After that, we did a bunch of different projects, about 14 or so acquisitions in about 14 months.”

Rishi Garg Jan 18, 2017 ▶ 8:37 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

The other half of the tape: Rishi Garg's own voice is left out of every number here. Other people bring the name up 4 times in 2 episodes across the shows. every mention, with the transcript →

Who brings them up most Harry Stebbings 4

Every mention by year

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

Show	Role there	Eps	Statements	Record
20VCLEDGER	CFO, Underdog	1	8	50% 1/2	full record on 20VC →