Lemkin: Multi-billion valuations for Brex, Ramp, Expensify, Divvy changed VC investing behavior
Jason Lemkin · What Venture Looks Like In 2023 | SaaStr Founder Jason Lemkin + 20VC Host Harry Stebbings · Feb 3, 2023 · at 2:38
Jason Lemkin, founder of SaaStr, explains how the market expansion in expense management changed venture capitalists' requirement to only back the number one player.
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“When Brex and Ramp and Expensify and Divi, all of them are worth billions, it changed. Not only did it change the size of outcomes, but it changed the way we invested. We didn't have to decide who was number one.”
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