venture capital

also referred to as: vc · vcs · venture capital industry

32 statements across 23 episodes · 9 bullish · 9 bearish · 18 people on the record · first statement Aug 30, 2016 by Jessica Livingston · across every show →

Everything said about venture capital, oldest first

Aug 30, 2016 negative
Assertion Not checkable as stated
Livingston: Pre-YC founders had no options beyond $5M VC rounds or rich connections
“You either had to go to a VC and get five million dollars, which is virtually impossible at that early stage, or you had to know someone who was rich and could give you money.”
Jessica Livingston Aug 30, 2016 ▶ 18:21 Jessica Livingston : How to Build the Future · Y Combinator
Jun 21, 2017 negative
Opinion
University Entrepreneurship Centers Accept Non-Technical Teams That VCs Would Reject
“Over the past two weeks, I've talked to a number of, kind of, directors of entrepreneur centers, and the constant thing that I'm surprised by is that they know these things that I'm talking about, but they still accept teams that don't abide by these rules. So…”
Michael Seibel Jun 21, 2017 ▶ 19:18 How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
Jul 1, 2017 bearish
Insight
Benet: VC cannot fund deep tech needing over two years of development
“VC is not built for long-term investment in things that are Extremely high risk and building some deep foundational technology. VC is tuned for 10 year returns, which means that in two, three years you have to, like, show very strong you know, sign of, like, m…”
Juan Benet Jul 1, 2017 ▶ 48:03 IPFS, CoinList, and the Filecoin ICO with Juan Benet and Dalton Caldwell · Y Combinator
Aug 18, 2017 neutral
Insight
Identifying strictly as bootstrapped or VC-backed harms founder decision-making
“When you like start to put your own identity and like, well, I'm a bootstrap or I'm a VC thing like that starts to affect your decision-making in ways that are probably not Healthy for your company. And it's just better to look at money and fundraising general…”
Wade Foster Aug 18, 2017 ▶ 16:06 The CEO Who Pays Employees to De-Locate From the Bay · Y Combinator
Sep 25, 2017 neutral
Insight
Courtland Allen: Bootstrapped founders making millions rarely raise VC capital
“Very rarely does somebody who is killing it and making millions of dollars decide that they're going to raise a ton of capital.”
Courtland Allen Sep 25, 2017 ▶ 51:26 Your Whole Goal Is to Not Quit - Courtland Allen of Indie Hackers · Y Combinator
Sep 25, 2017 neutral
Insight
Allen: VCs Prefer Most of Their Portfolio Companies to Fail
“Their incentives are such that, you know, 90% of the time, they would rather have a whole bunch of people fail, and a few people make it big, than have everybody have kind of a middling result.”
Courtland Allen Sep 25, 2017 ▶ 37:56 Your Whole Goal Is to Not Quit - Courtland Allen of Indie Hackers · Y Combinator
Oct 4, 2017 bullish
Opinion
Hoover: ICOs raise more capital with zero equity dilution
“People are launching an ICO instead of going to VCs and You know, the deals that they're getting, it's like it's unheard of. Like you basically are getting way more money and you don't have investors to pay back. Like you own everything. And I mean, there's ju…”
Ryan Hoover Oct 4, 2017 ▶ 46:57 Communicate with Users, Build Something They Want - Ryan Hoover of Product Hunt · Y Combinator
Dec 6, 2017 neutral
Insight
Slavin: Fundraising fundamentally requires telling a story of scale and growth
“People might argue with this, and I don't even know if I believe what I'm saying, but I think probably I would say that the essential story that you have to tell when you're fundraising is a story of scale, right? Like, because the premise of fundraising is, i…”
Kevin Slavin Dec 6, 2017 ▶ 13:07 There's an Art to Getting Brilliant People to Surprise Themselves - Kevin Slavin of The Shed · Y Combinator
Feb 7, 2018 negative
Opinion
Ralston: Combining Early Stage and Growth Investing in One Fund Is a Bad Idea
“VC started doing both early stage and growth, sometimes in the same fund, strangely, which I don't necessarily think is a great idea.”
Geoff Ralston Feb 7, 2018 ▶ 22:49 Startup Investor School Preview with Geoff Ralston · Y Combinator
Mar 9, 2018 neutral
Assertion Not checkable as stated
Bromberg: Early VC required founders to self-fund hundreds of thousands
“We saw that for basically the first 40 years of venture, you had to invest hundreds of thousands of dollars of your own money or scrounge it up from someone. Before a venture fund would invest in you.”
Andy Bromberg Mar 9, 2018 ▶ 10:34 Andy Bromberg - Startup Investor School Day 4 · Y Combinator
Mar 9, 2018
Assertion Supported
Bromberg: 1980s VC funds exploded from a few dozen to over 650
“There were a few Dozen funds in the early eighties. There were more than 650 at the end of the eighties.”
Andy Bromberg Mar 9, 2018 ▶ 13:05 Andy Bromberg - Startup Investor School Day 4 · Y Combinator
Mar 9, 2018
Assertion Partly supported
Bromberg: VC had $12B AUM in 1996, but saw $120B invested in 2000
“In 1996, the venture industry as a whole had an AUM of about twelve billion dollars. In the calendar year 2000, LPs put a hundred and twenty billion dollars into venture.”
Andy Bromberg Mar 9, 2018 ▶ 16:25 Andy Bromberg - Startup Investor School Day 4 · Y Combinator
Mar 9, 2018 bullish
Prediction Held up
Bromberg: Crypto and Venture Capital Will See Much More Lobbying
“I think, especially given the attention given to regulation in the space, we will see way more lobbying happening in crypto and in venture capital over the coming years.”
Andy Bromberg Mar 9, 2018 ▶ 47:00 Andy Bromberg - Startup Investor School Day 4 · Y Combinator
Mar 21, 2018 positive
Insight
Braswell: Educating a VC partner shifts fundraising leverage to the founder
“And once a senior partner at a firm feels like he's being taught in a very respectful way, The leverage changes.”
Porter Braswell Mar 21, 2018 ▶ 39:05 Funding Is an Outcome of Building a Good Business - Porter Braswell of Jopwell · Y Combinator
May 4, 2018 positive
Disclosure
Mitchell: Rezi uses structured debt rather than venture equity to fund receivables
“When we went to our VCs, we said, you know, pretty clearly we're, our intent is not to use the majority of the capital that we raise from you for funding these receivables. Our intent is to you know, create this financing solution that allows us to do it.”
Sean Mitchell May 4, 2018 ▶ 23:04 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
Jul 11, 2018
Assertion Supported
Google's Series A investors required founders to hire an outside CEO
“I mean, this was back in the days when Google's VCs had invest, insisted that the founders hire an outside CEO as a condition of their Series A round.”
Jessica Livingston Jul 11, 2018 ▶ 9:51 Jessica Livingston Shares 9 Things She Learned From Founding YC · Y Combinator
Jul 11, 2018 positive
Disclosure
Y Combinator launched to fund many early-stage startups with small checks
“Instead of giving large amounts of money to small numbers of established companies, like traditional VCs did, we'd give small amounts of money to large numbers of earlier stage startups, and then we'd give them a lot of help.”
Jessica Livingston Jul 11, 2018 ▶ 9:17 Jessica Livingston Shares 9 Things She Learned From Founding YC · Y Combinator
Aug 30, 2018 positive
Insight
Petersen: Founders rejected by investors should pivot to self-funding businesses
“Look, if no investors want to invest in your business, that's your fault. You should do a different business. Like, there's lots of businesses that don't need any investor money. Do that and then earn the credibility success compounds, like build up, you know,…”
Ryan Petersen Aug 30, 2018 ▶ 54:24 Ryan Petersen on Building Flexport, a Modern Freight Forwarder · Y Combinator
Oct 10, 2018 neutral
Opinion
Ralston: VCs are not all brilliant, but they easily detect founder dishonesty
“If there's one thing, VCs aren't all brilliant, they're not actually all that good at being a VC, but what they are good at is sniffing this stuff out.”
Geoff Ralston Oct 10, 2018 ▶ 29:01 Fundraising Fundamentals By Geoff Ralston · Y Combinator
Oct 10, 2018
Insight
Ralston: Startups should ideally raise capital when they don't need it
“The best time to raise money is when you don't need it. This isn't always possible. But when you don't need money, investors see the biggest opportunity.”
Geoff Ralston Oct 10, 2018 ▶ 6:26 Fundraising Fundamentals By Geoff Ralston · Y Combinator
Oct 10, 2018 neutral
Insight
Ralston: A founder's primary leverage against experienced VCs is delaying
“They're almost certainly better at you in negotiation. So if you do get into a negotiation, a deep negotiation, the one thing you have on your side is you can delay.”
Geoff Ralston Oct 10, 2018 ▶ 26:14 Fundraising Fundamentals By Geoff Ralston · Y Combinator
Oct 18, 2018 positive
Insight
Gil: Zuckerberg hiring Sandberg shifted tech away from replacing founder-CEOs
“I think there was a real shift when, ah, Mark Zuckerberg hired Sheryl Sandberg as COO into people saying that founders can keep going. Because what happened in the nineties was Founders were quickly replaced by professional CEOs if they raised any venture capi…”
Elad Gil Oct 18, 2018 ▶ 6:18 A Conversation with Elad Gil · Y Combinator
Feb 15, 2019 neutral
Assertion Supported
Hoover: Wirecutter never raised a full venture capital round
“They never raised like a real VC full round.”
Ryan Hoover Feb 15, 2019 ▶ 8:20 Ryan Hoover on Product Hunt's Acquisition and Lessons Learned About Launches with Dalton Caldwell · Y Combinator
May 22, 2019 negative
Insight
Aatrey: First-time founders err by letting VCs dictate product direction
“It's the biggest mistake most first-time founders do, right? They think, hey, they are going to fund us. Like, if you just listen to them, things are not going to work out. But it's never the case. You have to believe in what you're doing.”
Vidit Aatrey May 22, 2019 ▶ 38:39 Vidit Aatrey on Building Meesho, India's Top Reselling Platform, with Adora Cheung · Y Combinator
Feb 23, 2022 negative
Insight
Caldwell says junior VC associates push fundraising to show quick valuation markups
“Their KPI is that if you raise money and they can mark up their investment, it makes them look good. So they can go tell their colleagues or their investors, Hey, I invested in this company and it went on to raise more money at a better valuation than I invest…”
Dalton Caldwell Feb 23, 2022 ▶ 10:48 Why Investors Can’t Fix Your Company – Dalton Caldwell and Michael Seibel · Y Combinator
May 6, 2022
Insight
Caldwell: Portfolio math incentivizes VCs to push startups toward explosive outcomes
“It actually makes sense from a portfolio theory to advise people to do this because either way, either it works great or it dies and goes away and you get to spend your time on something else, but like either way it's explosive, right?”
Dalton Caldwell May 6, 2022 ▶ 12:03 Save Your Startup During an Economic Downturn · Y Combinator
May 6, 2022 negative
Assertion Not checkable as stated
Seibel: VCs tell YC partners not to advise founders against high burn
“They also always tell us like, hey, like we're funding your companies. Like you shouldn't be like, you know, like telling the founders not to have high burn.”
Michael Seibel May 6, 2022 ▶ 9:28 Save Your Startup During an Economic Downturn · Y Combinator
Oct 28, 2022 positive
Opinion
Seibel: VCs do not rip off Y Combinator founders
“When you're YC, VCs don't rip you off.”
Michael Seibel Oct 28, 2022 ▶ 5:49 The Truth About Y Combinator · Y Combinator
Oct 28, 2022 negative
Insight
Caldwell: Starting a company by pitching VCs invites exploitation
“If your idea for how you start a startup is to first create a pitch deck and go pitch VCs, you're setting yourself up to get screwed. You're setting yourself up to get taken advantage of by people who are gonna have 20 different ways to rip you off, versus if …”
Dalton Caldwell Oct 28, 2022 ▶ 25:16 The Truth About Y Combinator · Y Combinator
Oct 7, 2025 bearish
Opinion
Fisher: VCs Investing in AI Are Already Two Years Behind
“And I think even today, like you talked to a bunch of VCs and they're like, oh yeah, like I'm ahead of the curve. Like I'm investing in AI. I'm like, no, like you're two years behind already. Right. Like, tell me about what you think needs to happen in two yea…”
Jordan Fisher Oct 7, 2025 ▶ 37:27 Ask These Questions Before Starting An AI Startup · Y Combinator
Mar 16, 2026 bullish
Assertion Not checkable as stated
Mukund Jha: A company raised $4M for an app built on Emergent
“Recently somebody pinged me that, Hey, like this company has raised like four million dollars on an ad that was built on emergent.”
Mukund Jha Mar 16, 2026 ▶ 35:57 AI Is Unlocking Millions Of New Builders · Y Combinator
Jul 24, 2026 neutral
Insight
Pomel: VCs Spend Far More Time Understanding Companies Than Public Investors
“The VCs you have as a private company, they spend so much more time on your company There's so much more concentrated than the public investors. Like public investors have, they're looking at, you know, 20, 30 different names. They come in and out of these nam…”
Olivier Pomel Jul 24, 2026 ▶ 20:07 How Two French Engineers In New York Built The Company That Monitors The Entire Cloud · Y Combinator
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