Investor Jeremy Giffon explains how the scale of venture capital has shifted the operating model of major VC firms toward private equity.
Opinion
Jeremy Giffon criticizes traditional finance as extractive leveraged buyout culture
“I do think that it's notable that, like, the current paradigm in which we live, the largest and most important finance firms come out of a Culture of leveraged buyout, which it's extractive insofar as the primary goal is to make a thing more profitable. The co…”
Opinion
Jeremy Giffon argues white-collar jobs are artificial and non-essential
“To me, it's, like, very obvious that every, certainly every white collar job is, like, totally fake and made up in the sense that, like, they are not contingent for shelter and food and medicine and other necessities, but most jobs do not Touch those.”
Prediction Not checkable as stated
Giffon: We are about to see a renaissance of bootstrapped startups
“And I think, you know, I think we're about to see kind of the renaissance, the bootstrapper.”
Prediction Not checkable as stated
Giffon: AI will enable 100% annual growth with far less capital
“I think we're about to see like an era of incredibly like capital efficient businesses that by the way, like are not giving up growth at all. Like you can still grow a hundred percent a year.”
Insight
Giffon: Founders with $20M revenue and $100M raised are quietly trapped
“A thing that happens far too much that, that no one talks about is all these founders who are stuck. You know, if you have twenty million of revenue, A hundred employees and you've raised a hundred million bucks. You can't just quit. If you're the founder, eve…”
Insight
Giffon: Liquidation preferences trap founders who build heroic $30M revenue businesses
“Look, if you build a business to thirty million bucks for revenue, that's like a heroic feat. It's extremely hard to do. And then you somehow end up with eight percent of it under a two hundred million dollar press stack. That kind of sucks. And I don't think …”