Everything Scott Raney said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Raney: Early sales repeatability is more valuable than 15% MoM MRR growth
“If we're seeing repeatability, but maybe not, you know, kind of steady, consistent growth month over month, but we're starting to see the signs that this is really resonating with a certain set of buyers and a message that's beginning to resonate. That's far m…”
Raney: Applying past VC market cycles to present startups is dangerous
“I think that's overplayed a bit. I think that the times have changed and evolved. The nature of startups have evolved quite a bit, and so I think it's very, very, it's dangerous to try to apply too many lessons in the past to the market of today.”
Raney: VC funding decline reflects a shift toward sustainable investment levels
“I think what we're doing is we're going from an unsustainable level investing to something that's more sustainable.”
Raney: Public market scrutiny forces operational and capital discipline on startups
“Sometimes it allows a lack of discipline to creep into those businesses, and there's something about the bright lights of being a public company that forces discipline onto companies and ensures that they're making best use of their capital and behaving in the…”
Raney: Bridge rounds for struggling startups usually fail
“You know, I would say that I think the way the floodgate describes it is probably accurate most of the time. It's really difficult, I think, for companies to be able to transition through these periods, and if you've gone out and talked to a bunch of investors…”
Raney: VCs investing in complex tech without domain depth face losses
“People that go out and read a handful of blogs and then decide that they're going to be investing in these categories are likely to experience a lot of pain.”
Raney: Unanimous VC voting filters out the best, most controversial investments
“We have found that unanimity is a bad thing in venture capital, that, you know, a lot of the best ideas are the ones that are the most controversial”
Raney: Redpoint avoids spreadsheet investing and rigid metric checkboxes
“We are not spreadsheet investors. You know, we don't try to The fit, all these numbers into a set of checkboxes, and then determine whether or not they're achieving these things, or they've met some minimum threshold, because every opportunity is different, an…”
Raney: Posturing and positioning in venture capital is distasteful
“I think sometimes there's a lot of posturing positioning in this industry that I think is distasteful.”
Raney: Starting a company costs far less today than ever before
“I think it costs far less to start a company and get it up and running today than it ever did before. And so, Some of the challenges associated with fundraising environments during downturns before are probably not quite as applicable as they once were.”
Raney: Company creation slows when saturated markets reduce visible white space
“I think entrepreneurs are looking at the landscape and realizing it's harder to find white space right now because there are so many companies out there. It's hard to find opportunities that are truly disruptive.”
Raney: Investors refuse capital-intensive startups lacking clear profitability
“Companies that are maybe are scaling, but have more speculative business models, ones that aren't converging on profitability, Are finding it very, very difficult to raise money, and it's, I think investors are kind of unwilling, are becoming increasingly unwi…”
Raney: Startups stay in growth mode longer to pursue bigger market opportunities
“I think, you know, the first way I look at it is I think these companies are going after bigger opportunities than we ever have before as an industry. You know, as a result, they're in growth mode far longer than companies ever used to be.”
Raney: Opportunistic bridge rounds in top startups benefit VCs and founders
“The second time that we see these things applied is, is really opportunistically where, you know, you're very excited about a company. It's doing very, very well. You just think there's an opportunity for the company to hit an additional set of milestones that…”
Raney: Startups with weak unit economics face severe funding risk
“Businesses that, that aren't converging on profitable, you need economics or have subpar gross margins. And there are many of those out there right now are scary for investors because you know that you're going to put in a certain amount of money, but that is …”
Raney: Redpoint requires convincing only one other partner to make investments
“You only need to convince one other partner at Redpoint that this is a good investment, and if you do, then it's an investment that we can do.”
Raney: Very early stage venture deals expanded 10x from 2007 to 2015
“We saw a 10 X increase in the number of very early stage investments and we saw 40% increase in the number of You know, kind of series A and series B invest.”
Raney: Redpoint signs a moral contract to back founders post-investment
“Once we invest in the company, we've signed a moral contract with that entrepreneur that we are going to support them, that we're going to be there for them.”