Annie Lamont, co-founder of Oak HC/FT, reflects on the dot-com bubble of the late 1990s and its role in financing foundational internet infrastructure.
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“If we hadn't had a mania, we wouldn't have funded things like Google and Amazon, some of the great companies of today.”
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“This is truly what should happen across America at every level. I was like, you really should have doctors at risk. For managing patients over the long term. That's what's going to have the most impact.”
Annie LamontMar 7, 2022▶ 32:13Annie Lamont – A Lifetime in Venture, Venture is Eating the Investment World 9 (Capital Allocators, EP. 238)
Disclosure
Oak HC/FT rejects cold-calling sourcing models used by TA and Insight
“We don't cold call. We're not like a TA or an insight, have a bank of kids that are, they're trying to find deals. Just not the way it works.”
Annie LamontMar 7, 2022▶ 21:47Annie Lamont – A Lifetime in Venture, Venture is Eating the Investment World 9 (Capital Allocators, EP. 238)
PredictionNot checkable as stated
Lamont: Single-product startups will be forced to sell into platform companies
“And with the public markets declining and more challenges probably in the private market in terms of raising money, you're going to see companies that are really products and not platforms be sold. And be incorporated into these platform companies that we hope…”
Annie LamontMar 7, 2022▶ 23:53Annie Lamont – A Lifetime in Venture, Venture is Eating the Investment World 9 (Capital Allocators, EP. 238)
Insight
Lamont: Multi-stage venture firms have an advantage over standalone seed funds
“And even I think seed funds are having trouble because firms that can do seed startup series A, B, C, and promise to be there with the entrepreneur all the way along, have an advantage against an even a early stage seed fund.”
Annie LamontMar 7, 2022▶ 40:43Annie Lamont – A Lifetime in Venture, Venture is Eating the Investment World 9 (Capital Allocators, EP. 238)
Opinion
Mega-funds cannot maintain senior partner involvement across every portfolio company
“You get as many people and as much money as they have, there's no way the senior people are involved with every company, and we are, and that will remain.”
Annie LamontMar 7, 2022▶ 47:03Annie Lamont – A Lifetime in Venture, Venture is Eating the Investment World 9 (Capital Allocators, EP. 238)
Opinion
Lamont: Being outside Silicon Valley protected Oak from tech groupthink
“I actually loved being outside of Silicon Valley because I think it over my career has made us think differently. We aren't stuck in group think and have been invested all over the country and now globally.”
Annie LamontMar 7, 2022▶ 10:46Annie Lamont – A Lifetime in Venture, Venture is Eating the Investment World 9 (Capital Allocators, EP. 238)
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