What's the Biggest Wind for You Personally?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The valuation of the company may not be exciting for investors that came in at a hundred or 200 or 300, but the founder can say, look, i didn't have a choice. They'll be profitable in e they can say, ye, profitae. Let's talk nastier, yes. What you don't want to do is just put your head in the sand and say, oh, wo is me. We've got a crisis. I'm going to rit out of cash and we're jus goingto hit a wall and die"

0:51 Jason gives some thoughts on quarantine & intros GGV's Jeff Richards
5:11 What will this crisis look like on the other side? Benefits of having a levelheaded approach
11:38 What has Jeff seen from his seasoned portfolio founders who went through the 2008 crisis?
16:21 What advice does Jeff give to first-time founders in his portfolio?
22:22 Investor panic & differences in opinion between independent & investor board members
25:50 What could inexperienced board advice be in a time like this?
30:45 What is GGV's typical check size, how many startups do they invest in per year, and how are their funds divvied up between early-stage & growth
33:26 Chances that current deals could be renegotiated? How can founders price themselves properly?
38:05 Jeff explains liquidation preferences
42:52 How should companies approach taking venture debt in a time like this? What is Jeff's criteria for taking venture debt?
51:11 If things are going poorly, what are some things founders can do to right the ship? Examples of great pivots that saved companies
57:58 What is Airbnb's roadmap from here on out?
1:02:12 Why Jeff doesn't get enamored with IPO valuations & why he is long tech
1:08:18 Thoughts on Zoom, anti-trust laws & more