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Zenefits
"There's a lot about the public sort of story about zenefits that i just vehemently disagree with," she says. "i was like hiding in my house, like, not talking to, like anyone, like, any friends or family." The company is now under new ownership and has raised more than $100 million from investors so far this year.
(00:08) Welcome Zach Weinberg
(00:55) Andreessen Horowitz/Flow Carbon
(10:41) Crypto Litigation Risk
(16:27) Venture vs. Hedge Funds
(22:25) Sequoia’s Leaked Deck
(27:04) Different Kind of Crisis
(28:20) Tech Companies Had It Easy
(30:21) Uber vs. Lyft
(34:16) Down Rounds
(40:27) High Valuation Doesn’t Mean Good Employment
(45:31) 2008 Work Force
(49:50) Parker Conrad Intro
(50:13) Working on Harvard’s Crimson
(52:45) Left School for a Little Rock Newspaper
(55:13) Cancer Diagnosis
(57:16) Starting SigFig
(58:52) Raising Money Pre-2013
(1:05:29) Challenges in Automating
(1:08:36) The Public Narrative
(1:10:36) Forced Out of Zenefits
(1:19:50) VC’s Role in Narrative
(1:22:59) What Do Founders Want From VCs?
(1:25:46) Do VCs Increase Success?
(1:30:09) Discussing Rippling
(1:38:16) Building a Compound Company
(1:46:56) Hiring People With a Chip On Their Shoulder
(1:49:02) Most Important Job of a CEO
(1:51:05) Raised the Next Round
(1:54:47) Determining the Valuation
(1:58:09) San Francisco
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Mixed and edited: Justin Hrabovsky
Produced: Andrew Nadeau and Rashad Assir
Executive Producer: Josh Machiz
Music: Griff Lawson
Links:
Sequoia’s Leaked Deck - https://fortune.com/2022/05/25/sequoia-capital-slide-dek-warning-to-founders-downturn/
Zack’s Twitter Battle - https://twitter.com/zachweinberg/status/1527107650911186944?s=20&t=DN_FdiP-WW6rDwmHNkJPTA
Parker Conrad Discussing Chip on Their Shoulder - https://techcrunch.com/2021/11/18/parker-conrad-i-like-working-with-people-who-have-a-chip-on-their-shoulder/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAqlH6GlRJ8EA-ptL8cD-XPUGeoXNRqKe9l_Qegi--qyyHZQrMTJ8bwlg47vSJ9rkc2eaJlUKyMvb3wA-Rw2PjFYJl5gUwZfO0WPMLF-tRT_lVDYq_uoEnC29d6L45AlVFRTnPJqbCPEJM0_ICBeqES_kZ8t5gUQkVg7BwMKsGs7
Chesa Boudin and San Francisco - https://www.theatlantic.com/ideas/archive/2022/05/chesa-boudin-recall-san-francisco-crime/629907/
Andreessen Horowitz/Flow Carbon - https://www.forbes.com/sites/alexkonrad/2022/05/25/a16z-crypto-record-4th-fund-doubles-down-on-web3-amid-market-crash/?sh=7f704b7f34ff
VCs Driving Down Valuation Narrative - https://twitter.com/bgurley/status/1528535418076995584
Executive Producer: Rashad Assir
Producer: Leah Clapper
Mixing and editing: Sam Dewees and JR Bohannon
Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA
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About the Show
Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.
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