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17min chapter
20VC: Founders Fund's Trae Stephens on Why The Most Competitive Deals are the Worst, Why No Company is Successful Because of their VC, Why We are Making ZIRP Mistakes Again Today, Why Loss Ratio is BS and Upside Maximisation is Everything
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Unconventional Deal-Making at Founder's Fund
Exploring the unique decision-making process at Founder's Fund, this chapter highlights the firm's avoidance of traditional partnership decision making and the emphasis on individual investor autonomy. It discusses the importance of personal conviction and effort in pushing deals through without relying on hierarchy or consensus, ultimately aiming to prevent mediocre outcomes. The conversation showcases how Founder's Fund operates outside the norms of structured processes, focusing on personal conviction and efficiency in deal strategy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode