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
Phin Barnes: Most Top Venture Outcomes Next Decade Will Have Diverse Founders
“For me, when I think about the next 10 years and the five to seven massive venture outcomes, right, so these are the Facebooks, the Ubers, the Airbnbs of the venture industry, my belief is that of those five to seven, somewhere between four and seven of them a…”
Barnes: TheGP Will Intentionally Limit Fund and Portfolio Scaling
“Our goal is not to scale. Our goal is to maximize quality of service delivery and impact on a smaller number of super high quality companies.”
Phin Barnes: Capital Abundance Decreases Founders' Learning Per Dollar Spent
“And I think that over time, what we're seeing in this market anyway, is that people are decreasing that ratio of learning per dollar spent because capital is so plentiful.”
Barnes: AND1's Expansion Into Lifestyle and Running Shoes Eroded Core Brand
“So at and one, we would talk about running shoes, trainers. We would talk about lifestyle shoes and clothing, kids licenses and so forth. And the focus on those things eroded the quality of the brand we had built in, in basketball and the core understanding of…”
Barnes: Reid Hoffman Was Sole LP in Sweat Equity Ventures
“He convinced Reid Hoffman to invest in the company. He went out and did the work. He earned equity in amazing companies. That equity is now the portfolio that Reid was the sole LP in.”
Phin Barnes: Hardware startup costs are dropping dramatically, mirroring software trends
“We were inspired to start the fund based on the cost of starting a software company dropping. Dramatically. And now we're starting to see that in, in the hardware space and sort of in the services layer that, that sits on top of what, you know, what cheaper ha…”
Barnes: TheGP Made 19 Early Investments, Mostly Competing With Mega Funds
“So far with the GP, you know, we've made 19 early stage investments and of those, I would say 14 or 15 have been competitive and often competitive with large funds.”
Over half of First Round Capital's investments come from founder referrals
“Similar to over half of our investments, Todd was referred to us by another founder that we'd already partnered with, Dave Gerard from Upstart.”