venture capital

also referred to as: vc · vcs · venture capital industry

22 statements across 15 episodes · 0 bullish · 13 bearish · 7 people on the record · first statement Oct 11, 2022 by Alex Lieberman · across every show →

Everything said about venture capital, oldest first

Oct 11, 2022
Insight
Alex Lieberman: Pitch deck design shouldn't stand out in either direction
“My view on slides when you're pitching an investor is it's a lot like a job interview. You don't want to stand out in either direction. You don't want to be the person that shows up like a schlep with, you know baggy pants and a belt that's off centered.”
Alex Lieberman Oct 11, 2022 ▶ 19:27 How Liquid Death got a $700 Million Valuation, Making Your Pitch Deck Undeniable & The Hidden Truth of Being a Tech Entrepreneur
Oct 11, 2022
Insight
Pujie: Early-stage startups should admit they are not yet defensible
“No business starts being defensible. And I think it's important for entrepreneurs pitching when a VC goes, oh, how do you make this defensible? You go, well, today it's not defensible. If it was, how the hell would I be starting it?”
Jesse Pujji Oct 11, 2022 ▶ 24:39 How Liquid Death got a $700 Million Valuation, Making Your Pitch Deck Undeniable & The Hidden Truth of Being a Tech Entrepreneur
Jan 24, 2023 neutral
Assertion Not checkable as stated
Swanson: Only 1-2% of venture capital comes from active founders
“Last year there was about five hundred billion dollars invested in venture capital, one or two percent of that came from active founders. Most of it came from institutional VCs”
Jonathan Swanson Jan 24, 2023 ▶ 42:02 Jonathan Swanson on Building a Unicorn and Delegating 90% of Your Life
Feb 28, 2023 negative
Opinion
Medeiros: VCs who claim they invest in dropouts are lying
“There's VCs out there. They're like, yeah, we invest in dropouts. They don't actually invest in dropouts. They're all lying.”
Isaac Medeiros Feb 28, 2023 ▶ 7:07 How a 26-Year Old With Autism Built a $10 Million Samurai Sword Business
Mar 7, 2023 negative
Opinion
Lieberman: VC funding may force Doola to expand too broadly
“I think my biggest skepticism is I don't know if the venture route was right for them. It's not a winner takes all market. I just think to your point, I think for the business they're in, it could cause them to go super wide too soon.”
Alex Lieberman Mar 7, 2023 ▶ 45:41 The Story of Sam Zemurray is Bananas
Mar 7, 2023
Insight
Pujji: Fear of Commoditization Is Driven by VCs, Not Founders
“The fear of commoditization of business is totally driven by venture. It's not driven by entrepreneurs because every business you can build a moat around over time and you can build some resilience.”
Jesse Pujji Mar 7, 2023 ▶ 41:40 The Story of Sam Zemurray is Bananas
Mar 23, 2023
Assertion Supported
Lieberman built Morning Brew largely without venture capital funding
“Because if you think about our story, it was one of raising very little money for Morning Brew for starting this media business, not going the venture capital route, and doing anything and everything to push the business forward.”
Alex Lieberman Mar 23, 2023 ▶ 4:50 The Art of Scrappiness
Apr 11, 2023 negative
Insight
Lieberman: Standard VC logic only leads to building B2B enterprise SaaS
“The way that I've always thought about it is if you were to build businesses as dictated by the way that VCs are taught to think, you would just permanently build enterprise level B to B SaaS businesses over and over and over. That may be right for some people…”
Alex Lieberman Apr 11, 2023 ▶ 20:19 The Shameless Entrepreneur, Shoptalk 2023, When To Delegate
Apr 11, 2023 negative
Insight
Pujji: Mid-career VCs mistakenly apply rigid expected-value frameworks to all founders
“The middle ones in my experience, you know, it's sort of the hammer and a nail thing, right? It's like, if you're a hammer, everything looks like a nail. So everything they look at us through the expected value of how big could this be? If I put a dollar in, w…”
Jesse Pujji Apr 11, 2023 ▶ 19:40 The Shameless Entrepreneur, Shoptalk 2023, When To Delegate
Oct 9, 2023 bearish
Opinion
Lieberman: DTC startups will fail if they raise excessive venture capital
“I give it a seven out of 10 if this business stays lean and it raises as little venture capital money as possible. I'll give it a two out of 10 if it raises a shit ton of venture capital money in the early years. And the reason I say that is, you know, we have…”
Alex Lieberman Oct 9, 2023 ▶ 7:16 These 8 Business Ideas Were Pitched To Me. I Pick My Favorites.
Nov 15, 2023 negative
Opinion
Nagpal: VCs who pushed founders to sell secondary shares are now complaining
“Because a lot of VCs, frankly, are, they're the ones who Kept telling the founders to take secondaries because they wanted to buy into these companies that they weren't able to, and now they're upset about it.”
Ankur Nagpal Nov 15, 2023 ▶ 13:07 How to Maximize The Value of Your Startup Equity
Dec 4, 2023 negative
Opinion
Lieberman: VC Investments in Crypto, Web3, and AI Were Herd Mentality
“When you saw VCs pile in on Crypto companies, and then web three companies, and then mental health startups, and then AI startups, you were likely watching a lot of herd mentality.”
Alex Lieberman Dec 4, 2023 ▶ 18:19 13 Dangerous Psychological Biases
Dec 20, 2023 negative
Insight
Fried: Bootstrapping is superior to venture capital for most software businesses
“Software businesses that have, you know, basically humans and Some tech, which is cheap, either in the cloud or, you know, people just need a few laptops here and there. And there's not much that you need to get going and building a software business or tech b…”
Jason Fried Dec 20, 2023 ▶ 4:32 Bootstrapping vs. Venture Capital
Dec 20, 2023 negative
Opinion
Lieberman: Raising venture capital does not equate to entrepreneurial ambition
“Raising venture does not equate to ambition, and I think that's just like a false story.”
Alex Lieberman Dec 20, 2023 ▶ 10:07 Bootstrapping vs. Venture Capital
Dec 20, 2023 negative
Insight
Fried: Venture capital forces low-overhead tech startups into a single exit path
“I think a lot of tech companies act as if they are companies with huge capital expenditures, and they're not, and they put themselves in a hole. Because now they're beholden to someone else on someone else's time frame. They have to become a certain kind of co…”
Jason Fried Dec 20, 2023 ▶ 5:12 Bootstrapping vs. Venture Capital
Jan 19, 2024
Insight
Lieberman: VC milestones force early founders to prioritize growth over profitability
“The way you get to a Series A is by hitting certain growth metrics, and so The idea of profitability and how judicious are you with your capital becomes a second priority, and that's largely because of the incentive system that is created in the venture capita…”
Alex Lieberman Jan 19, 2024 ▶ 9:39 How to Spend a Startup’s $ Wisely
Jan 22, 2024 negative
Insight
Annual growth of 60% to 80% is insufficient for Series B funding
“And that was when I learned, like, oh, like, growing 60, 80% a year, you know, series B is not, like, that was not good enough.”
Sahil Lavingia Jan 22, 2024 ▶ 7:25 A Founder’s Failure to Build a Billion-Dollar Company
Feb 14, 2024
Insight
Startup Visionary Narrative Functions as Flywheel of Storytelling and Capital
“The visionary narrative is a self-perpetuating machine, a flywheel of storytelling, capital, and the future that capital can pull forward, which buttresses the storytelling, and so on.”
Alex Lieberman Feb 14, 2024 ▶ 6:33 Visionary vs. Fraud
Feb 14, 2024 neutral
Opinion
Lieberman: Venture capital is predicated on promising things that do not exist
“The entire venture capital industry, in fact, is predicated on promising things that don't exist.”
Alex Lieberman Feb 14, 2024 ▶ 8:48 Visionary vs. Fraud
Apr 28, 2025 bearish
Assertion Not checkable as stated
Khosla partner Nikunj Kothari calls seedstrapping limits extremely short-sighted
“He basically said businesses that should be venture backed will always have an incentive to raise more and grow faster. He said, my hot take is that all of these amount raised and team size proclamations are extremely short sighted.”
Alex Lieberman Apr 28, 2025 ▶ 13:08 A primer on seedstrapping
May 28, 2025 neutral
Disclosure
Lieberman plans to raise Distro's round from one VC and angels
“You know, approach to this round will be raising from one VC who's open to the idea of us being totally free to choose what our path is, then raising the rest of the round from angels.”
Alex Lieberman May 28, 2025 ▶ 16:52 I'm raising money
May 28, 2025 negative
Insight
Lieberman says VCs prefer startup failure over moderate $200 million exits
“Because for them, they either want a billion dollar valuation, or they don't necessarily care. Like, they'd rather become a zero, versus us Be a two hundred million dollar company, it's life changing for the founders, but it doesn't do anything for the fund.”
Alex Lieberman May 28, 2025 ▶ 14:23 I'm raising money
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