Lightspeed Ventures
also referred to as: lightspeed
17 statements across 4 episodes · 11 bullish · 2 bearish · 4 people on the record · first statement Apr 22, 2024 by Jeremy Liu · said 22 times in 1 episodes since 2025 · across every show →
Mentions by year
brought up most by Dax Dasilva (19), Pablo Srugo (3)
tap a year for its mentions
Everything said about Lightspeed Ventures, oldest first
Apr 22, 2024 positive
Snapchat pitched Lightspeed with 50% DAU/MAU, 50% D30 retention, 50% MoM growth
“What I saw was 50% daily active user to monthly active user. Ratio. I saw 50% D-thirty retention. And I saw 50% month-on-month growth on a statistically significant number of users. I can't remember exactly what it was. It was 10 or 20,000 DAUs. And that had b…”
Aug 26, 2024 positive
Garg: Lightspeed assigned an associate to join Eightfold's customer validation calls
“When I went to Lightspeed, right, and I was talking to Peter. So what Peter did was Peter assigned a junior person from the firm saying that, why don't you help Ashu set a few CHRO calls and see what comes out. So as I was building my thesis, Lightspeed was bu…”
Nov 12, 2024 bullish
May 26, 2025 positive
Resellers turned $5,000 Lightspeed software deals into $25,000 total hardware installations
“They're making 25% after off the 5000, but they're also selling You know, at the time it was all on-premise. They're selling servers. They're selling computers. They're selling networking. They're selling training. You know, we were selling five, 5000 dollars …”
May 26, 2025 positive
Lightspeed did not transition to the cloud until raising from Accel VC
“It wasn't until like we brought in a VC that we actually transitioned to the cloud. And that was actually, that was a huge part of the transformation that we did with Excel that was huge, hugely successful and allowed us to do everything we're doing now.”
May 26, 2025 negative
Ten-slide pitch decks let founders superficially change strategy without true focus
“The problem with a ten-page deck is you could go in and Change your whole strategy by changing two slides, you know, like that's not focusing, you know, it's and I feel like that's so easy to just throw a couple of ideas on and not have to really go through th…”
May 26, 2025 positive
May 26, 2025
Lightspeed would not have survived or scaled without quadrupling its pricing
“We would not be here today if we didn't times four. There's just no way. That allowed us to build the software that ended up being adopted by All of those users on a large level. And if we had kept the software cheap and had the same number of it, just nothing…”
May 26, 2025 neutral
The original Lightspeed interface was modeled after Apple's iTunes playlists
“What the original version of Lightspeed was almost set up like iTunes now called Apple Music. Now it makes no sense anymore. But back in the day, like iTunes had like playlists on the side and like content on the other side. And we built, you know, the origina…”
May 26, 2025 positive
Partner with adjacent ecosystem players who bundle and monetize surrounding services
“I think the lesson is like, if you're building a product, like who are the adjacent people in the ecosystem that could be selling what you're doing alongside with what they're doing, right? They're, these guys were used to selling software, but they were reall…”
May 26, 2025 bullish
Early Mac dealership customers became Lightspeed's global reseller network
“And then when they were good at, when they were really good at the software, after one or two years, they became our international distribution network. They became our resellers and they started to sell Lightspeed in their neighborhoods. And that's where the …”
May 26, 2025
Dax Dasilva's initial goal was an Apple Design Award, not a $1B company
“My only goal was not to build a company with a public company that's at a billion dollars. I have no finance background. It was not, I had not even a clue what that even meant. All I wanted out of this whole thing was to win an Apple Design Award from Steve Jo…”
May 26, 2025 positive
Startup founders must completely discard their job description every single year
“Be willing to throw away that job description every year. You know, be honest with yourself. There's things that you love, the things that you think you're great at, that you add, that add the most value to the business, but be ready to do a real assessment of…”
May 26, 2025 negative
Startups fail to scale when technical founders remain stuck in coding
“I saw in those early days, a lot of other companies that the founder was still coding after a very long period of time and they didn't scale, you know, like it was the founder was still debugging things in, in the middle of the night, instead of going out to m…”
May 26, 2025 positive
May 26, 2025
Dasilva used early Lightspeed profits to buy physical real estate as insurance
“I was buying real estate with our profits and just building it like a real, I felt like if anything happened with a software business, I wanted some assets for the company, you know, so I would buy the company, buy the, buy these buildings and rented to light …”
May 26, 2025 bullish
Lightspeed reached $10M bootstrapped revenue via 400 global software resellers
“After seven years of bootstrapping, cause that was our journey, a seven year of bootstrapping, we got to ten million of annual revenue, which was all software. All of that was driven by 400 resellers around the world, making 25% on times four pricing.”