Everything Robert Lacher said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lacher: Founders Should Kill Pro-Rata Rights to Eliminate Signaling Risks
“If I was a founder, and I'm speaking against my own interests a little as an investor, being opportunistic, but why the hell would you give someone a paratha right? Because either that investor needs to earn it and really show that they're doing great work, so…”
Lacher: Seed Checks From Multi-Stage VCs Create Severe Series A Risk
“If you have an aggressive Multi-stage fund in your cap table, everyone knows if you're killing it, they would preempt your next round. They would clearly do the A round. That's certain. Can give you 10,000 examples. It's just, if things are going okay, but not…”
Lacher: Multi-stage VC win rates at Series A dropped from 50% to 1-10%
“Series A has become such a red ocean for VCs competing to enter the rounds that it's just very difficult to win deals. If you were a multi-stage fund five years ago, you would maybe have a 50% chance to win a term sheet in one of your great founders, right? An…”
Lacher: Series A ARR Thresholds Have Shifted to $1.5M–$2.5M
“I think what maybe used to be if we take 500 K AR maybe three years ago with a great Walt Disney story and a few great product references would have been in a round that many would have many VC funds would have looked at, which Today, I think the corridor has …”
Lacher: Outperforming portfolio founders are independent and seek targeted advice
“Those founders in our portfolio that really outperformed were pretty independent Founders that really just were looking, if they were looking for advice, they were looking for a 10 out of 10 highly strategic or on the point advice to answer a certain question.”
Lacher: Visionaries Club LPs Are Exclusively Successful Entrepreneurs and Founders
“The difference from our LP base compared to other VCs is that we only have successful entrepreneurs. So we have 25 unicorn founders, like the founders of UiPath, Miro, Flix, Barcello, Fresh.”
Lacher: 90% of European Companies Are Family Businesses, Including LVMH
“If you look at the European economy, the DNA are 90% of the companies are family businesses. Some of the best companies like LVMH, Peugeot, Fiat, Ferrari, they're all family owned”
Lacher: Multi-Stage VC Funds in London Increased Fivefold Over Five Years
“What happened in the last three years is that there have been a tons of multi-stage funds entering Europe, building a new office. So five years ago, it was Excel index, Atomico, Boulder, and a few competing, and now you have Sequoia. NEA, you have Iconic, you …”
Lacher: Visionaries Club Passed on Pigment Follow-On Due to Valuation
“So we were seed investors in, in, in pigment, tacto, and I could take deal. We didn't follow on in pigment deal. Some of the best companies because we thought it was too expensive. It was wrong, right?”
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