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Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.

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20VC Opinion
Ben Lerer: A Donald Trump Presidency Would Be The Worst US Event
“Him becoming the president would be the worst thing that has happened in the history of the United States since its inception. I think he is a racist pig who makes other Racist, sexist, misogynistic, disgusting people feel like they are allowed to share those …”
Ben Lerer Sep 5, 2016 ▶ 25:38 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
Ben Lerer: Startups burning tens of billions rarely deliver strong VC returns
“Companies that, that choose to or need to raise tens of or potentially hundreds of billions of dollars generally don't produce great Venture returns. And so like on the margin, I don't like the profile of companies that have to burn 20 or 30 or 40 or 50 or a h…”
Ben Lerer Apr 18, 2025 ▶ 16:40 OpenAI’s Social Network & Figma’s Potential IPO | More or Less #95 · More or Less Podcast
Ben Lerer: San Francisco leads AI infrastructure while New York leads applications
“San Francisco feels like more of an infrastructure town and New York feels like more of an application layer town very broadly.”
Ben Lerer Apr 18, 2025 ▶ 5:29 OpenAI’s Social Network & Figma’s Potential IPO | More or Less #95 · More or Less Podcast
Ben Lerer: Any successful non-ad social network eventually becomes ad-supported
“The only thing I know about a non ad supported social network is that if it really works, it becomes an ad supported social network.”
Ben Lerer Apr 18, 2025 ▶ 17:40 OpenAI’s Social Network & Figma’s Potential IPO | More or Less #95 · More or Less Podcast
20VC Insight
Ben Lerer: Best Early-Stage VCs Are Former Operators, Not Number Crunchers
“But for me, the best investors, particularly the best early stage investors are going to be people who have actually been in the trenches and built and sold their own businesses and raised money for their own businesses and gone through sort of that slog versu…”
Ben Lerer Sep 5, 2016 ▶ 6:41 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: Most Big, Obvious Tech Startup Ideas Have Already Been Claimed
“So many of the big obvious ideas have been taken and there's multiple companies building them. It's rarer that we see some life changing, brilliant invention or idea that we never imagined would be possible.”
Ben Lerer Sep 5, 2016 ▶ 13:52 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: Simply selling direct-to-consumer without middlemen is no longer disruptive
“I don't think Just being direct to consumer is disruptive anymore, though. Just selling products without a middleman is no longer enough to sort of consider yourself to be, you know, sort of breaking the old model.”
Ben Lerer Sep 5, 2016 ▶ 16:33 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Prediction Held up
Ben Lerer: Legacy retail and media will heavily acquire DTC startups
“The last few weeks in retail, I mean, just look at the jet and dollar shave acquisitions. You're seeing, these are the first dominoes in what will be a bunch of dominoes falling. I believe in consolidation where the traditional guys in retail, the traditional …”
Ben Lerer Sep 5, 2016 ▶ 19:22 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
Ben Lerer: Top startups should secure seed capital from both coasts
“I would argue that anyone building a best-in-class company should probably look for representation from both New York and the Valley in their institutional seed round if they have choice.”
Ben Lerer Apr 18, 2025 ▶ 8:20 OpenAI’s Social Network & Figma’s Potential IPO | More or Less #95 · More or Less Podcast
Ben Lerer: Seed venture shares nothing with mega-round AI investing
“The business that we are in and the business that the funds are in that are investing at 50 or a hundred or three hundred billion dollars in OpenAI, like I have as much in common with those companies as I do with like a gas station. It just, we're not playing …”
Ben Lerer Apr 18, 2025 ▶ 18:55 OpenAI’s Social Network & Figma’s Potential IPO | More or Less #95 · More or Less Podcast
MORE OR LESS Assertion Not checkable as stated
Ben Lerer: Startup valuations remain high despite almost zero venture liquidity
“We are in a viciously competitive market where prices have really not come down, and in some cases gone way up, and then you have on the out, Almost no liquidity.”
Ben Lerer Apr 18, 2025 ▶ 34:08 OpenAI’s Social Network & Figma’s Potential IPO | More or Less #95 · More or Less Podcast
20VC Insight
Ben Lerer: VCs Should Invest Institutional Capital Like Personal Money
“I think in its best scenario, you invest other people's money the same way that you would invest your own money.”
Ben Lerer Sep 5, 2016 ▶ 7:20 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: VC Firm Branding Drives Top-Tier Deal Flow To Spot Outliers
“Brand is what gives us so much Amazing deal flow, which enables us to really be able to see enough companies to be able to identify the ones that seem to be the outliers and the really special ones”
Ben Lerer Sep 5, 2016 ▶ 8:46 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: Seed Investors Must Rely On Imagination Because Startups Pivot Frequently
“So many of the businesses that we invest in don't end up looking like what we invest in. We need to be able to have an imagination.”
Ben Lerer Sep 5, 2016 ▶ 9:16 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: FOMO Is A Bigger Factor In Early-Stage Investing Than Late-Stage
“FOMO is a part of life as an investor, and I think more so a part of life in early stage than in later stage.”
Ben Lerer Sep 5, 2016 ▶ 10:10 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: Blinding Co-Investor Information Leads To Cleaner Venture Decisions
“Making sure that we in some cases have less information about who's investing makes me more capable of making cleaner decisions.”
Ben Lerer Sep 5, 2016 ▶ 11:20 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: Long-Term Independent Startups Must Provide Early Investors Periodic Liquidity
“Generally speaking, we'd love our companies to sort of take the approach that you've seen a war be take, for instance, which is we're going to build something for 20 years. We're going to put our heads down. And then in those situations, you would hope that th…”
Ben Lerer Sep 5, 2016 ▶ 20:56 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
20VC Insight
Ben Lerer: Television made brand building easier 20 years ago
“Brand building 20 years ago was easier in that you, like, you sort of Could buy your brand growth, which was, there was really one channel that, that was so much more powerful than all the others from a marketing perspective, which was television advertising.”
Ben Lerer Sep 5, 2016 ▶ 22:03 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A
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