Mark Suster, Managing Partner at Upfront Ventures and a two-time founder, discusses boardroom dynamics and why investor advice often fails to help founders.
“You often get input from investors who have never done what you've done before. And so it's like, well, meaning smart people saying smart things, but it's not actionable.”
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More from Mark Suster
Opinion
Mark Suster argues Series A is VC's most overvalued funding round
“And so I think that a round is the single most overvalued round in venture capital.”
Mark SusterJun 28, 2024▶ 20:26Mark Suster, Upfront Ventures: Investing in Space, Defense, & Exit Opportunities · Sourcery with Molly O'Shea
Insight
Suster: Seed funds take 15 years to yield most profits
“A seed fund has a 10 to 12 year maturity, and it's really more like 15 years, and that's just the truth about venture capital. It takes longer for your fund to mature, and you might return your fund in year seven, eight, or nine, but you're yielding most of th…”
Mark SusterJun 28, 2024▶ 9:31Mark Suster, Upfront Ventures: Investing in Space, Defense, & Exit Opportunities · Sourcery with Molly O'Shea
Opinion
Mark Suster calls Anduril the most important private company besides SpaceX
“So you look recently at Anduril, probably the most important company In the private markets behind SpaceX.”
Mark SusterJun 28, 2024▶ 37:56Mark Suster, Upfront Ventures: Investing in Space, Defense, & Exit Opportunities · Sourcery with Molly O'Shea
Insight
Suster: Going public without analyst coverage and institutional support is worse than staying private
“Going public, if you don't have coverage, and you don't have an institutional base that wants to invest in you, like, is worse than being private. Because you now have a fixed market cap that doesn't go up. You don't really have liquidity.”
Mark SusterJun 28, 2024▶ 44:12Mark Suster, Upfront Ventures: Investing in Space, Defense, & Exit Opportunities · Sourcery with Molly O'Shea
PredictionNot checkable as stated
Mark Suster predicts mega tech M&A remains dead regardless of elections
“The FTC has not been looking too kindly on these mega deals. And so I think the mega deals just aren't going to happen for a period of time. I don't know what will happen post November, but even either administration, I'm not convinced they're suddenly going t…”
Mark SusterJun 28, 2024▶ 45:14Mark Suster, Upfront Ventures: Investing in Space, Defense, & Exit Opportunities · Sourcery with Molly O'Shea
Opinion
Suster: Defense tech startups like Anduril are critical for future warfare
“I would argue that's why companies like Anduril are so important, because the future battleground are going to require a new type of weapon, a new type of defense system, that if we don't develop it, the Russians will, the Chinese will, the Koreans will, and I…”
Mark SusterJun 28, 2024▶ 51:14Mark Suster, Upfront Ventures: Investing in Space, Defense, & Exit Opportunities · Sourcery with Molly O'Shea
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