“And then there are the really dangerous investors who think they know everything but actually know nothing and want to do a lot. Big cross. Worst of the worst. Europe has a lot of them, sadly.”
quote is from the automated transcript, cleaned for reading:
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More from Harry Stebbings
AssertionNot checkable as stated
Stebbings: 78% of the time VC follow-on reserves are misallocated
“When you actually look at the data, and we have probably the most data across, I think almost anyone, we have 2700 GP track records, and when you look across that data set, 78% of the time reserves are misallocated.”
Harry StebbingsAug 30, 2024▶ 11:33Navigating Fundraising and the VC Landscape Today with 20VC and Visionaries Club
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“Andreessen have hundreds. They're actually very deep across every segment of hiring, across every segment of B to B customer acquisition. They are a machine. Insight is the same. We have Insight who've done our companies, and it is a machine that they roll in.…”
Harry StebbingsAug 30, 2024▶ 18:10Navigating Fundraising and the VC Landscape Today with 20VC and Visionaries Club
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Stebbings: Multi-stage VC employees must chase hype deals to get promoted
“If you are a strategic person in a multi-stage fund, getting into one of these hot deals is what's going to get you the promotion. Doing the slightly off the beaten track, but amazing company that might take three or four years to get to product market fit, or…”
Harry StebbingsAug 30, 2024▶ 23:52Navigating Fundraising and the VC Landscape Today with 20VC and Visionaries Club
PredictionNot checkable as stated
Stebbings: Many micro VC funds funded by founders will die
“I think we'll see the death of many of the micro funds, the funds that raised from founders, public market founders who now have had their net worths crushed.”
Harry StebbingsFeb 3, 2023▶ 41:08What Venture Looks Like In 2023 | SaaStr Founder Jason Lemkin + 20VC Host Harry Stebbings
Disclosure
Stebbings: 20VC Never Makes Follow-On Investments to Eliminate Signaling Risk
“We remove signaling so we don't ever do follow-on.”
Harry StebbingsAug 30, 2024▶ 11:30Navigating Fundraising and the VC Landscape Today with 20VC and Visionaries Club
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“And that's why I also really like, and I always push people, work with the founders of firms. They ain't leaving, number one. You're not going to get orphaned. They're not afraid to take these courageous bets. They're not getting fired by other partners.”
Harry StebbingsAug 30, 2024▶ 24:10Navigating Fundraising and the VC Landscape Today with 20VC and Visionaries Club
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