481. Co-Founding Meritech, Betting Early on Facebook and Salesforce, Avoiding Shiny Objects, and Thinking Like a Public Market Investor (Paul Madera)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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Navigating Late-Stage Venture Capital
This chapter captures the speaker's transition from military to venture capital, detailing their establishment of Meritech and the evolution of late-stage investing. It examines challenges in the current market, shifting valuation methods, and the implications of substantial capital influence post-2021. The discussion critiques simplistic approaches to investment evaluation, advocating for a comprehensive view that factors in customer insights and competitive dynamics.
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