The Official SaaStr Podcast: SaaS | Founders | Investors cover image

SaaStr 631: What Is Going On In Venture Capital in 2023 with SaaStr Founder Jason Lemkin and 20VC Host Harry Stebbings

The Official SaaStr Podcast: SaaS | Founders | Investors

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Sequoia and the Postmates Effect

I wrote this at sort of the peak of the median 2021 when I was talking with someone to Sequoia, and they said they called it the Postmates effect. And so for ever since I was a founder in my first job and then an investor, we were always looking, you had to be number one, right? Back in the days when I was competing with DocuSign, I almost wanted to jump off the roof if we couldn't be number one in categories,. But then we realized there was room for 10 vendors in every category; some of these products are hard to tell the difference from others. Not only did it change the size of outcomes, but it changed the way

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