venture capital

“If you're the founder CEO, you don't get to work with, you know, another CEO who's 20 years more experienced than you in real time, so you have to kind of go outside the company for that.”

“The mistake that people used to make was only replace the founder in the 20th century to take a company public. We forgot that that innovation cycle might be every, you know, two to three years and you could get liquidity for the investors, but then the compan…”

“Most VCs did not want to invest in Gog in the beginning. They're like CRM is good enough. It's a done deal. You don't need any more sales tools.”

“There's a lot of businesses that people may start that are not appropriate to be venture backed. And when they go and they try to kind of back them with other investors, they very quickly lose control of exactly what trajectory it needs to be on and, you know,…”

“If you've got a great vision, a great North Star, But you don't know exactly where that trajectory is going to bring you. You need that flexibility because otherwise what you're thinking today might be useful in five years may not be useful in five years. The …”

“The number one thing that was most helpful for us was actually talking to companies that raised from them that didn't work out. I think it's often the case that you find out what it's truly like to partner with a person in the bad scenarios, as opposed to the …”

“I think if you only like, if you let you come out of college and you go straight into like being an associate and then you become like a partner, I think you don't realize that the, what investors see and what actually happens on the ground is like actually qu…”

“Now we're in the industrial age of venture capital. There's a VC who's a vice president. We are when the Rockefellers were in the White House. We are when the Carnegie's, you know, that it's Silicon Valley has become this institution which runs the company and…”

“Literally even our VCs were saying like, Hey, look at how well Brex is doing. Like, why don't you go build a credit card instead? Like at day zero, before we'd even launched.”

“As an engineer, as a founder, you, you've developed these muscles on how to build, and you are very good at building. But what you only do once or twice is pick the thing to work on. And VCs, you know, one of the, I think the luxuries that we have VCs, we get …”

“And that's something we underestimated how, how disadvantaged of a situation it is to raise at the same time with seemingly all your competitors, because they all say the same story. Investors hear it over and over again, and there's some Fatigue of hearing th…”

“So as a high agency person, being able to remove the fundamental constraint of capital as the limiting factor of a business, like, to me, it's like the equivalent of going pro. I think that there's vastly more cases in which venture capital makes sense for a h…”

“Very common thing people say in software in, in, in venture. Oh, the only execution, the only mode is execution, which is not, which is definitely not a mode.”

“Would you rather own, you know, a hundred percent of a ten million dollar business or 10% of a billion dollar business? Like, of course, I think unless you really have some obsession with ownership, but I think most of these things are confusion about ownershi…”