David Rosenthal illustrates how quickly modern software companies scale, using Modern Treasury as an example.
0:00 / 0:08exact quote · 8.2s
720p mp4 · rendered on demand · StarZero watermark
“This company's three and a half years old, and they're doing over two billion dollars of payment volume a month on the platform.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from David Rosenthal
Opinion
Rosenthal: Bad timing, not bad models, killed dot-com startups
“And the reality was that was all wrong. It was just timing and exogenous factors that made that not work at the moment.”
David RosenthalJan 3, 2022▶ 20:44David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229)
Insight
Rosenthal: Entry price does not matter in early-stage venture capital
“If you're just buying options at early stage venture, then price doesn't matter. Then you want to have as many shots on goal as possible. You want extreme volatility and long tails, right? All the stuff that you don't want when you're buying a series of cash f…”
David RosenthalJan 3, 2022▶ 24:36David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229)
Insight
Rosenthal: VCs must back high-profile failures to capture extreme upside winners
“I want to be in the big blow-ups because it means I'm chasing volatility, and that means I'm going to get into huge winners as well.”
David RosenthalJan 3, 2022▶ 26:52David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229)
Insight
Rosenthal: Y Combinator proves early-stage VC scales because founders avoid help
“Well, it turns out there's a whole class of entrepreneurs, a large percentage of them that don't need or want your help. So I would actually push back. I think it actually can scale quite well. Y Combinator's a perfect example of this. They've done thousands a…”
David RosenthalJan 3, 2022▶ 29:39David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229)
Insight
Rosenthal: Undifferentiated mid-tier venture capital firms will die a slow death
“If you're undifferentiated
You're not gonna get the best deals, and you're gonna die a slow death.”
David RosenthalJan 3, 2022▶ 33:36David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229)
Opinion
Rosenthal: Silicon Valley probably needs its own native Goldman Sachs
“People are even talking in Silicon Valley about, like, why is there not a native Goldman Sachs of Silicon Valley, and that's a really good question. There probably should be.”
David RosenthalJan 3, 2022▶ 46:07David Rosenthal and Ben Gilbert – Acquiring an Industry. Venture is Eating the Investment World 1 (Capital Allocators, EP.229)
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 700 episodes 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.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.