Lightbox Ventures

7 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Jan 20, 2020 by Sid Talwar · said 3 times in 2 episodes since 2020 · across every show →

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Everything said about Lightbox Ventures, oldest first

Jan 20, 2020
Assertion Not checkable as stated
Lightbox took 8 to 10 months to finalize investment in Furlenco
“From the time that Ajit actually came to us, to the time that we finally made the decision and the money went in the bank, was almost eight to 10 months.”
Sid Talwar Jan 20, 2020 ▶ 23:41 Episode 48 | Sid Talwar, Managing Partner, Lightbox Ventures
Jan 20, 2020
Insight
Talwar: Pitching what investors want forces founders to build what investors want
“Don't try to think of things that someone else wants to hear, because then you're going to build a business according to what they want and not what you want.”
Sid Talwar Jan 20, 2020 ▶ 39:01 Episode 48 | Sid Talwar, Managing Partner, Lightbox Ventures
Jan 20, 2020 positive
What-if
Lightbox preferred not to sell edtech startup Embibe to Reliance
“If we could have held on to imbibe we would have. It would, it wouldn't have been our desire to sell a business of that nature being led by a founder of that nature. But it was in the best interest of the business.”
Sid Talwar Jan 20, 2020 ▶ 5:05 Episode 48 | Sid Talwar, Managing Partner, Lightbox Ventures
Jan 20, 2020
Disclosure
Lightbox's $200M+ fund will be highly concentrated in just nine companies
“Our current fund is over two hundred million, and we will be investing in up to nine businesses.”
Sid Talwar Jan 20, 2020 ▶ 2:22 Episode 48 | Sid Talwar, Managing Partner, Lightbox Ventures
Jan 20, 2020 bullish
Assertion Supported
Talwar: Lightbox backed what became the world's largest cloud kitchen business
“Most people invested in food delivery businesses. We invested in a brand. That wasn't even a cloud kitchen, which there was no such thing as a cloud kitchen, converted itself into a, what today is a cloud kitchen, and then built that out in a manner that today…”
Sid Talwar Jan 20, 2020 ▶ 15:38 Episode 48 | Sid Talwar, Managing Partner, Lightbox Ventures
Jan 20, 2020
Assertion Partly supported
Talwar: Lightbox's prior $154M fund invested in eight companies
“So our last fund was a hundred and fifty four million and we invested in eight companies.”
Sid Talwar Jan 20, 2020 ▶ 2:17 Episode 48 | Sid Talwar, Managing Partner, Lightbox Ventures
Jan 20, 2020
Assertion Supported
Lightbox Fund 1 was secondary; Fund 2's only exit is Embibe
“Our fund one was actually a secondary purchase. So which was being, which was originally Kleiner Perkins and Sherpaulo. But our first fund from a blind pool perspective was what we call fund two. We've had one exit Imbibe, which is an EdTech play which we sold…”
Sid Talwar Jan 20, 2020 ▶ 4:13 Episode 48 | Sid Talwar, Managing Partner, Lightbox Ventures
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