Stebbings: Mature founders navigate downturns better than volatile young founders
Harry Stebbings · What Venture Looks Like In 2023 | SaaStr Founder Jason Lemkin + 20VC Host Harry Stebbings · Feb 3, 2023 · at 35:08
Harry Stebbings (founder of 20VC) discusses founder demographics and psychological resilience with SaaStr founder Jason Lemkin during the 2023 tech downturn.
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“The mature founders, the fathers, the, and the mothers, and the more mature minded are weathering it well. They know that if their child gets sick, it's going to be much worse than a recession. But the young, young founders, their volatility is very extreme. In the highs, they're selling secondaries and buying Gucci's, and in the lows, they're absolutely on the floor.”
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