The Ledger, every show

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

shows every show 44 of 44
every show
clear all ✕
20VC Opinion
Torres: Google AI products don't work and Notebook LM is already dead
“They invented this Transformers paper, and everything they put out doesn't work. Like Notebook LM, the great one, like it's already dead, right? The project. So it's like they're trying so hard, but they can't do it.”
Elias Torres Mar 21, 2025 ▶ 12:37 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Opinion
Torres: Nobody is using Microsoft Copilot because the product doesn't work
“Copilot, everybody was like, they're just ahead making all the money first because people, the problem is people are, they just have so much hard time trusting someone, right? And so they're reaping the benefit of being early, But nobody's using the product, r…”
Elias Torres Mar 21, 2025 ▶ 13:34 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Opinion
Torres: AI will displace B2B corporate workforces despite optimistic predictions
“That's bullshit, right? I just, it's just, you have had some guests here that I love and respect, but they're like, Oh yeah, we're gonna get larger, you know, in five years, and I'm like, what? I just saw something, you know, somebody posted on Twitter, it's l…”
Elias Torres Mar 21, 2025 ▶ 25:19 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Prediction Not checkable as stated
Torres: Incumbent tech firms must cut headcount by 80% to survive
“If they do what Twitter did, if they reduce themselves to 20%, and build an amazing product, and are willing to break all their pricing models and revenues and change all of that, then they will survive.”
Elias Torres Mar 21, 2025 ▶ 31:21 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Opinion
Torres: Salesforce is the biggest short in public software markets
“Salesforce.”
Elias Torres Mar 21, 2025 ▶ 1:09:36 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
NO PRIORS Insight
Torres: Paul Graham's 'do things that don't scale' rule is obsolete
“I think I want to challenge like Paul Graham says, do things that don't scale. I think that that's game over for that statement, right? I think now we only have to do things that scale.”
Elias Torres Dec 19, 2024 ▶ 17:01 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
20VC Opinion
Elias Torres calls selling Drift the biggest failure of his life
“Drift is the biggest failure in my life.”
Elias Torres Mar 21, 2025 ▶ 30:16 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC What-if
Torres claims Drift would be public without executive equity concessions
“I would have a public company right now if I, if it wasn't for like all those carrots that I gave and candy bars and trophies.”
Elias Torres Mar 21, 2025 ▶ 29:54 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Insight
Torres: Future software will eliminate human operators, functioning like driverless cars
“Software that has been built in the past 2030 years had the assumption, it was built kind of like we build cars. We build a car all around, and we build the entire environment, so a human goes and drives the car. Right? It requires an operator. The future is n…”
Elias Torres Mar 21, 2025 ▶ 16:03 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Opinion
Torres: Cursor's Fast Revenue Growth Is Fragile Due to Low Switching Costs
“The cursors and all that stuff, like you can easily switch to like windsurf and you can switch to this and you can go back to copilot and like, so that revenue could disappear. This is a brand new phenomenon and we do not know how it plays out.”
Elias Torres Mar 21, 2025 ▶ 49:08 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
NO PRIORS Assertion Not checkable as stated
Torres: 250 customer support reps at Drift did not solve scaling
“Cause at Drift I had 800 people, like 250 in the customer organization. That, that cannot happen again because it wasn't working, right? That, that number of people didn't necessarily solve the problem.”
Elias Torres Dec 19, 2024 ▶ 15:28 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
20VC Assertion Supported
Elias Torres: Code to build an LLM fits on one page
“The code fits on a, like, a page on the screen.”
Elias Torres Mar 21, 2025 ▶ 4:36 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Insight
Elias Torres manufactures adversity to raise gritty kids in wealth
“I just try to manufacture adversity. That's all I can for them.”
Elias Torres Mar 21, 2025 ▶ 10:08 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Opinion
Torres: 400,000-person corporations cannot move fast despite Lou Gerstner's claims
“What I learned was that a four-hundred-thousand-person company just can't move as fast. Lou Gerstner was the CEO at the time and wrote a book called, like, Why Elephants Can Dance, right? And I don't think, I disagree with him. Elephants can't dance.”
Elias Torres Mar 21, 2025 ▶ 11:12 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Disclosure
Torres: Agency operates its 15-person team on a single daily meeting
“Right now at agency, I have no meetings with anybody, right? We're like 15 people. We have one meeting for the whole company, for the whole team. Show me what you did yesterday, show me what you're gonna do today. That's all we do in that meeting.”
Elias Torres Mar 21, 2025 ▶ 19:28 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Insight
Torres: CEOs err by delegating AI software implementation to middle management
“CEOs are making a big mistake right now. They're like, I talk to them and they're like, yes, this is what I want. I'm down. Elias, let's get agency in here right now. And then they pass me down to the next person and to the next person.”
Elias Torres Mar 21, 2025 ▶ 22:34 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Disclosure
Elias Torres avoids hiring introverted software engineers
“And so I don't, I tend to not hire like that many introvert engineers, right?”
Elias Torres Mar 21, 2025 ▶ 27:53 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Insight
Elias Torres: Founders waste time being frugal instead of focusing on customers
“I think people are wasting their time trying to be all frugal or this. I want to focus my time on the customers, right? And my team and my people.”
Elias Torres Mar 21, 2025 ▶ 33:37 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Insight
Torres: Founders spot bad hires within two weeks but ignore signals
“In reality, most people should know, like, within the first week or two, it's just, they just reject those signals.”
Elias Torres Mar 21, 2025 ▶ 37:34 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Disclosure
Torres: Overrode interview panels to make hiring decisions at Drift, HubSpot
“By the way that I ran interview at HubSpot and Adrift, everybody, I would help, I have a panel of people interviewing, But I would always interview myself. I will do the informal, I will do the formal, I bring them in, and then I do the closing. But I let them…”
Elias Torres Mar 21, 2025 ▶ 39:20 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Insight
Torres: Long tenure at a single company can be a hiring red flag
“If you stayed there for a long time, it's a red flag too.”
Elias Torres Mar 21, 2025 ▶ 42:09 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Opinion
Torres: Having children at a younger age is optimal
“The best time to our children is when we're younger, unless we have unlimited resources, right?”
Elias Torres Mar 21, 2025 ▶ 53:12 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Disclosure
Torres convinced Klaviyo founder Andrew Bialecki to take VC funding
“I convinced him to take VC money.”
Elias Torres Mar 21, 2025 ▶ 1:02:39 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Opinion
Torres: Building a company is much easier and more fun than investing
“For myself, I'd rather build, man. It's so much easier, so much more fun.”
Elias Torres Mar 21, 2025 ▶ 1:04:22 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Prediction Not checkable as stated
Torres: AI adoption transition will take five to ten years
“I'm on the longer side. I think there's a lot of hype. This stuff, we're not we're not gonna, like, even in the industrial age and the revolutions, right, GDP was growing at one percent, two percent. I don't think we're gonna grow, like, at 10%, 20% in one yea…”
Elias Torres Mar 21, 2025 ▶ 1:06:15 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
NO PRIORS Insight
Torres: Startups know how to build and sell, but fail at customer success
“Startups. We know how to like build products. I mean, we know how to raise money, hire people, build products. We know how to sell it. Sometimes we know how to market them, but I don't believe we know how to take care of our customers, especially in the B to B…”
Elias Torres Dec 19, 2024 ▶ 9:57 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
NO PRIORS Assertion Contradicted
Torres built the first AI SDR at Drift in 2019
“At Drift, I built in 2019 the first AISDR”
Elias Torres Dec 19, 2024 ▶ 10:54 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
NO PRIORS Disclosure
Torres: Agency will only have one public email address
“At agency, there's only going to be one email address. It's aliasatagency.inc. Everyone will email. I will always like take care of all the customers, right?”
Elias Torres Dec 19, 2024 ▶ 15:14 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
NO PRIORS Disclosure
Torres: No one joins Agency without completing a contractor trial period
“No one joins agency until they have work for me as a contractor. I'm going to put you to work and I am going to be real exactly how I am with everybody in the company today. And if you don't deliver at a level that is World-class in that one or two week timefr…”
Elias Torres Dec 19, 2024 ▶ 19:57 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
NO PRIORS Insight
Torres: Customer success reps scrutinize LLM emails far more than their own
“To trust the output of an LLM to send an email to a million dollar customer. It's like, you know, when you present that to a CSM, they're like looking at it and they're like, they're questioning every word. You have no idea. They're questioning every word in t…”
Elias Torres Dec 19, 2024 ▶ 22:06 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
NO PRIORS Prediction Not checkable as stated
Torres: Database wrapper software will die without rapid adaptation
“I'm talking at the solution level, the old wrappers of databases are going to be dead. Like there's just no way they survive. Unless they adapt quickly.”
Elias Torres Dec 19, 2024 ▶ 26:56 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
20VC Prediction Not checkable as stated
Elias Torres: AI Startups Are Trading Human Headcount for Compute
“We'll have smaller teams, but we still need more compute. I mean, we're just really trading people for compute.”
Elias Torres Mar 21, 2025 ▶ 23:52 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Prediction Not checkable as stated
Elias Torres: AI Startups Will Suffer Far Less Equity Dilution
“A lot less equity will be spent on, on, on the team, right? Because you're not gonna need rounds and rounds and Distributing equity after every round to hundreds and hundreds of people.”
Elias Torres Mar 21, 2025 ▶ 24:11 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Assertion Not checkable as stated
Elias Torres tests engineering candidates by reviewing live Git repos
“Show me, open up your computer. I want to see your Git right now. Show me what you committed. Show me your code. Let's discuss that. Did you really build that? Who was it? So I'm just like, I don't care about my questions. I just go bang, bang, bang, bang. I w…”
Elias Torres Mar 21, 2025 ▶ 28:47 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Assertion Partly supported
Torres: Raised Hundreds of Millions of Dollars While Raising Three Children
“Because I was able to do all that. I raised hundreds of millions of dollars going through all that stuff, right?”
Elias Torres Mar 21, 2025 ▶ 55:10 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Disclosure
Torres was the first investor in Klaviyo
“That Klaviyo, you know, I'm a first investor, good friends with Andrew, right?”
Elias Torres Mar 21, 2025 ▶ 1:02:33 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Disclosure
Elias Torres earned $2 million in six months consulting on AI
“The reality is that, you know, I made, like, two million dollars in, like, just over, like, six, seven months consulting AI.”
Elias Torres Mar 21, 2025 ▶ 1:04:33 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Insight
Torres: Humans are the primary blocker to AI adoption
“I think that humans are the biggest blocker to adoption, and they're gonna need a lot of hand-holding and help.”
Elias Torres Mar 21, 2025 ▶ 1:05:43 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Prediction Open · timeframe Mar 2035
Torres: Nvidia is the best 10-year stock hold due to compute demand
“I'm scared of the giants, they're not gonna last, but Nvidia, I think Compute, it's gonna, we're thirsty for Compute.”
Elias Torres Mar 21, 2025 ▶ 1:07:52 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
NO PRIORS Assertion Partly supported
Torres: Drift reached $100M revenue before $1B cash sale
“It took a long time for all those things to clear up what it meant to sell for a billion in cash, right? A company that we grew to a hundred million in revenue, eight years of hard work, but I lost the dream of building a thirty billion dollar company or takin…”
Elias Torres Dec 19, 2024 ▶ 5:36 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
20VC Insight
Torres: Wealth Eliminates One-Third of Everyday Stresses
“So that is a huge release, you know, of stress that I just don't care about that stuff anymore. So that just takes like, I don't know, one third of the problems, and I'm just like, ok, I don't care, just pay it, you know, move on.”
Elias Torres Mar 21, 2025 ▶ 3:19 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Assertion Supported
Elias Torres confirms Drift was sold for $1.2 billion
“1.2.”
Elias Torres Mar 21, 2025 ▶ 32:54 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Assertion Supported
Torres built all his previous startup teams with Northeastern University students
“Before all my companies, I've built them on the backs of Northeastern students. They're amazing people. They're the best.”
Elias Torres Mar 21, 2025 ▶ 36:33 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC What-if
Elias Torres Regrets Not Being Tougher When Raising His Children
“I wish I would have been tougher with them”
Elias Torres Mar 21, 2025 ▶ 59:12 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
20VC Disclosure
Torres is holding his Klaviyo stock because it remains underappreciated
“A thousand percent, so that's why I'm not selling my stock.”
Elias Torres Mar 21, 2025 ▶ 1:03:02 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
NO PRIORS Disclosure
Torres consulted for OpenAI on LLM apps for NBA and Ticketmaster
“And so I did consulting for them and I started from the bottom, right? People were like, who are you? I was doing some support tickets for them et cetera, explanations. But then I started getting contracts like the NBA, you know, ticket master. I'm in Dubai ta…”
Elias Torres Dec 19, 2024 ▶ 8:56 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
20VC Disclosure
Torres: Drift scaled to 800 total employees, including 200 in customer support
“I had 800 people, I had 200 in CS.”
Elias Torres Mar 21, 2025 ▶ 21:07 Elias Torres, Co-Founder and CEO @ Agency: What No One Tells You About Selling Your Company · 20VC with Harry Stebbings
NO PRIORS Assertion Partly supported
Torres: HubSpot Had $30M Revenue and 200 Employees at Performable Acquisition
“When Brian Halligan came to me and bought my company, Performable, so he's like, our goal is to take it public in the next year or two. I had no clue what taking a company public meant. I mean, we had thirty million in revenue, 200 employees when he said those…”
Elias Torres Dec 19, 2024 ▶ 3:33 No Priors Ep. 94 | With CEO and Founder of Agency Elias Torres
Made with StarZero

Turn any episode into a week of clips.

This entire site, thousands of episodes across every show transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.