Luke Cooper, Founding General Partner at Latimer Ventures, discusses maintaining valuation discipline amidst artificial intelligence hype and elevated multiples.
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“We're not going to go chase the hot deal that everybody's a part of and it's 20 times forward revenue, right? Those are not the deals that we want to chase.”
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More from Luke Cooper
AssertionContradicted
Cooper: Black enterprise founders raise Series A at 5x the market rate
“When you really study the category, one in three black founders who are focused on enterprise tech is getting the series A. Right. The gross number for everybody is one in 15. Right. So they're beating the market by a factor of five.”
Luke CooperFeb 4, 2025▶ 20:0821 - Unlocking Active Investment Success with Latimer Ventures' Founding General Partner, Luke Cooper
AssertionNot checkable as stated
Cooper: Startups prepared for Series A exits achieve 4x higher multiples
“And what I discovered was that after reviewing the data is that companies that had more than one opportunity to either do a series A properly or to exit the business at the series A, when they ultimately got to exit Christian, they typically got four times mor…”
Luke CooperFeb 4, 2025▶ 2:0221 - Unlocking Active Investment Success with Latimer Ventures' Founding General Partner, Luke Cooper
PredictionNot checkable as stated
Cooper: Venture Capital Will Increasingly Resemble Private Equity
“I think venture in the future is going to look a lot more like private equity. I believe that the markets are getting, you know, smarter and these multiples that we've paid in the past, particularly in the 20 tens are not going to hold water going forward. Peo…”
Luke CooperFeb 4, 2025▶ 21:0121 - Unlocking Active Investment Success with Latimer Ventures' Founding General Partner, Luke Cooper
AssertionContradicted
Cooper: Enterprise tech returned $1.1T since 2009 versus $300B in consumer
“And when I look at the category, nearly 1.1 trillion has been returned to investors since 2009. By investing in enterprise versus three hundred billion on consumer.”
Luke CooperFeb 4, 2025▶ 3:4121 - Unlocking Active Investment Success with Latimer Ventures' Founding General Partner, Luke Cooper
AssertionNot checkable as stated
Cooper: A company needs over $200M ARR to execute a proper IPO
“To do an IPO proper, the company needs to have 200 plus million ARR.”
Luke CooperFeb 4, 2025▶ 5:2921 - Unlocking Active Investment Success with Latimer Ventures' Founding General Partner, Luke Cooper
Insight
Luke Cooper: Enterprise product-market fit requires surviving a renewal cycle
“The yardstick is really, have you gone through a renewal cycle? Because it's one thing to sell into an enterprise, and I've done that when I was building Fixed.”
Luke CooperFeb 4, 2025▶ 6:4721 - Unlocking Active Investment Success with Latimer Ventures' Founding General Partner, Luke Cooper
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