Alex Western
6 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Jan 29, 2019 by Alex Western · across every show →
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Everything said about Alex Western, oldest first
Jan 29, 2019 positive
Western: Founders amass more wealth through frequent, smaller startup exits
“We think that most founders can actually use the overfocus on growth to their advantage, like a judo artist, either by more often choosing the lifestyle option, or by having a more sober approach to their relationship with their companies and with VCs, by actu…”
Jan 29, 2019 neutral
Western: Only 0.02% of VC-backed startups become unicorns
“There was some now famous research done by Cowboy Ventures into outstanding VC-backed startups, and they found that 0.02% of VC-backed startups become unicorns, and our own research suggests that only about 10% are ever on escape velocity trajectory or above t…”
Jan 29, 2019 positive
Western: Most B2B startups should prioritize customer retention over growth
“Most companies aren't necessarily in situations where they can grow that quickly, so we find they're usually better off actually focusing on retention, not on growth, but they can't make that trade-off because they feel a lot of pressure from their venture cap…”
Jan 29, 2019 positive
Jan 29, 2019 negative
Western: Raising VC funding removes attractive mid-tier startup exits
“Each time you raise VC funding, each time you bring more investors into your cap table, each time you have to introduce greater and greater growth projections in order to justify that valuation and get to the next step, you take more and more options off the t…”
Jan 29, 2019 neutral
Western: Founders secretly prefer lifestyle businesses but feel market pressure
“Most of the founders we talk to actually want to choose the lifestyle option, but they're almost sort of embarrassed by it, given the market we're in, so they feel like they have to sprinkle a little bit of big leagues into it, and that just makes their lives …”