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David Sacks

14 statements across 4 episodes · 3 bullish · 8 bearish · 3 people on the record · first statement Oct 29, 2021 by David Sacks · said 27 times in 14 episodes since 2021 · across every show →

On the record as a speaker too: David Sacks's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Jason Lemkin (18), Christoph Janz (5), Christina Shen (3), Carlos Delatorre (1)

tap a year for its mentions
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0362021202220232024episodes it came up in
001.53362021202220232024episodesmentions per episode
2024 3 mentions in 2 episodes 2 per episode
2023 9 mentions in 6 episodes 2 per episode
2022 14 mentions in 5 episodes 3 per episode
2021 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about David Sacks, oldest first

Oct 29, 2021 neutral
Insight
Sacks: Series A SaaS startups should target roughly 50 employees
“Typically, the Series A company is around 50 employees. That doesn't mean you're at 50 at the time you raise the Series A round. It's usually what, that's the target, that's what you're trying to get to.”
David Sacks Oct 29, 2021 ▶ 0:43 The SaaS Org Chart by Series with David Sacks, Co-founder and General Partner at Craft Ventures
Oct 29, 2021 positive
Insight
Sacks: Aim for at least 50% internal promotions for mid-level managers
“I am a big fan of promoting from within whenever possible. You probably want at least 50% of these management roles to be promotions when they can be.”
David Sacks Oct 29, 2021 ▶ 18:03 The SaaS Org Chart by Series with David Sacks, Co-founder and General Partner at Craft Ventures
Nov 17, 2021 positive
Assertion Partly supported
Lemkin: Top VCs read every cold email and decide within a week
“Every single one of them said they read every single cold email they get, and every single one of them invests in one week.”
Jason Lemkin Nov 17, 2021 ▶ 45:55 The Highs and Lows of Fundraising from Founders That Have Raised $1B w/ Calendly, Coda, LaunchDarkly
Jun 27, 2023 negative
Insight
Parker Conrad: Silicon Valley's startup focus orthodoxy is wrong and limiting
“This conventional wisdom is wrong or at least extremely limiting, and there exists a set of companies that could be built that are often not built that break this rule.”
Parker Conrad Jun 27, 2023 ▶ 2:06 Rippling CEO Parker Conrad's Theory of the Compound Startup: Disrupting How We Think About Software
Sep 13, 2023 bullish
Prediction Not checkable as stated
Sacks: There will be an AI co-pilot for every professional job category
“I think there's going to be a co-pilot for every professional job category.”
David Sacks Sep 13, 2023 ▶ 3:17 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023 bearish
Prediction Not checkable as stated
David Sacks: Expect widespread vendor consolidation as enterprise buyers cut costs
“We thought there were five or six different categories of, you know, sales enablement. They're all now trying to get into each other's business. And buyers are starting to sharpen their pencils and say, well, we just need one of these. And I think that's gonna…”
David Sacks Sep 13, 2023 ▶ 24:10 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023 bearish
Assertion Not checkable as stated
David Sacks: In 2H 2022 every board meeting was re-forecasting down
“It wasn't until the second half of twenty-twenty-two that every board meeting I was at was, like, a exercise in re-forecasting down.”
David Sacks Sep 13, 2023 ▶ 6:56 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023 bearish
Prediction Not checkable as stated
David Sacks: Big tech will own AI infrastructure; startups are M&A targets
“Ultimately, my view is that infrastructure can be owned by the big tech companies, and Those mainly are plays for a good M&A exit.”
David Sacks Sep 13, 2023 ▶ 2:59 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023 negative
Insight
David Sacks: Startups must cap their Burn Multiple at 2.0 during downturns
“Do not let your burn multiple go above two, because We're going into a tough period. It's more likely that you're gonna miss than exceed, and if you miss, your burn multiple's gonna, like, go off the charts. It's gonna be even worse than you're planning, right…”
David Sacks Sep 13, 2023 ▶ 37:20 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023
Insight
David Sacks: Burn Multiple should trend from 2.0 to zero at IPO
“Your burn multiple, which is just your burn divided by your net new ARR, it should be going down. And obviously, by the time... That's the point, it should be going down, and so, like, if you're a late stage company, you're like a growth stage company, like, y…”
David Sacks Sep 13, 2023 ▶ 34:33 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023 bearish
Opinion
David Sacks: The 2021 tech market was the biggest bubble since 1999
“It's, you know, it's just never gonna be like it was in twenty-twenty-one. I mean, that was like the biggest bubble Since the dot-com bubble in 1999.”
David Sacks Sep 13, 2023 ▶ 25:54 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023
Insight
David Sacks: Repricing to fix negative gross margins risks losing product-market fit
“It's like one of the worst things you can ever discover, is that your late stage business, which is growing really fast, is actually negative gross margin. Because what that means is, you've been selling dollars for 90 cents, and so now you have to question, i…”
David Sacks Sep 13, 2023 ▶ 17:27 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023 negative
Insight
David Sacks: CAC Payback and Magic Number are flawed and easily miscalculated
“What I was seeing in metrics like CAC, is that if the finance team simply misattributed a certain expense, then, like, it would make the CAC Payback look great... Magic number is even the worst version of this. Like, no one knows how to calculate. It was const…”
David Sacks Sep 13, 2023 ▶ 32:55 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
Sep 13, 2023 bearish
Prediction Not checkable as stated
David Sacks: Many 2021-funded startups will fail or restructure by 2025
“There's still, I think, you're still gonna see over the next year or two a lot of companies, you know, Run out of money and die, or have to take down rounds or, you know, restructure.”
David Sacks Sep 13, 2023 ▶ 20:44 What the Future of SaaS Holds with David Sacks, Founder & General Partner, Craft Ventures
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