“If you want to be an entrepreneur, be successful, do it, commit yourself to 20 years. You know, be an entrepreneur for 20 years. Do four or five startups, because the amount of luck that has to overlap from externalities and internal things that have to cross over to have that success, when it happens on their first startup, we typically ascribe that to genius.”
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 Jeff Bonforte
Insight
Bonforte: Only naive beginners and 20-year veterans succeed in venture capital
“We say freshmen and seniors make all the money in, in the venture business, like in the entrepreneur business. So you either don't know the rules. So you go into your business and you break a bunch of rules without knowing, or you know all the rules and you bu…”
Jeff BonforteOct 13, 2025▶ 51:15How two straight guys bought Grindr and made $2B
AssertionNot publicly verifiable
Bonforte: Ron Conway's SV Angel Fund I generated a multiple-hundred-x return
“Like Ron Conway's hit rate for SV Angel in, in one was unbelievable. He had like a multiple hundred X on SV Angel one.”
Jeff BonforteOct 13, 2025▶ 1:00:14How two straight guys bought Grindr and made $2B
Insight
Bonforte: Negative emotions like anger drive customer behavior changes better than delight
“Instead people tended, entrepreneurs tend to focus on making customers Like, delighting customers, making customers happy, and I said, we really should focus more on pain and frustration and anger. It's the negative emotions that drive behavior changes, not th…”
Jeff BonforteOct 13, 2025▶ 1:10:47How two straight guys bought Grindr and made $2B
AssertionSupported
Bonforte: Grindr was a rare retroactive CFIUS divestiture of a foreign buyer
“And this was one of the only cases ever where CFIUS had actually retroactively unwound a deal. CFIUS had denied deals with foreign buyers, but they had never, what they're trying to do with TikTok today over the years is TikTok would be the second one after Gr…”
Jeff BonforteOct 13, 2025▶ 9:33How two straight guys bought Grindr and made $2B
AssertionPartly supported
Bonforte: Grindr faced privacy lawsuits from 13 state attorneys general upon acquisition
“We were being sued at that point by 13 attorney generals in the U.S. Over privacy and data leakage, something the company had not done, but it was everyone believed the company had done.”
Jeff BonforteOct 13, 2025▶ 19:26How two straight guys bought Grindr and made $2B
AssertionNot checkable as stated
Bonforte: 70% of Grindr hires under new management were minority or LGBTQ+
“By the time Rick and I left, 70% of the hires from the, in the company were minority hires, basically. We were hiring people from the LGBTQ community, or we were hiring people that were in, in the DEI, which is not something people like to talk about anymore, …”
Jeff BonforteOct 13, 2025▶ 20:39How two straight guys bought Grindr and made $2B
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