#48: Wiz, Datadog & The Mindset Behind Billion Dollar Companies | Shardul Shah Index Ventures
Divot
Two Questions Before Selling: 10x and Stamina
Shardul gives his M&A framework: ask founders if they can 10x and if they have stamina, to decide whether to entertain offers.
Shardul Shah has backed some of the most important technology companies of the last decade. From Datadog to Wiz, his investments have helped shape the future of cybersecurity, cloud infrastructure, artificial intelligence, and enterprise software.
In this episode, Derek Andersen, Shardul Shah, partner at Index Ventures, breaks down the mindset behind billion-dollar startups, how elite founders think about AI, venture capital, acquisitions, intuition, ambition, and building category-defining companies.
He explains why most startup founders misunderstand venture capital, why imagination matters as much as execution, and the two questions every entrepreneur must answer before selling their company.
The conversation goes deeper into trust, relationships, founder psychology, ego, and purpose, why the best investors study people more than markets, how intuition shapes billion-dollar decisions, and what separates iconic founders from short-term operators.
Plus, the untold stories behind Wiz’s $32 billion acquisition, Datadog’s early days, Michael Jordan’s influence on competition, Nas, Dave Chappelle, and the investing philosophy behind some of the most successful startup outcomes of the last decade.
Follow Sahil - Instagram: https://x.com/shardul_shah
Follow Derek - X (Twitter): https://twitter.com/derekjandersen
Episode Partners:
Google for Startups
Grab the new Google for Startups Future of AI report at https://goo.gle/futureofgenmedia
Timestamps:
02:43 — How a Random Encounter Changed His Entire Life
05:16 — Why Great Startup Founders Can Come From Anywhere
08:06 — Why Shardul Refuses to Invest Over Zoom
13:32 — Why Engineers Are Being Measured By Token Usage
14:39 — The Trait Every Billion Dollar Founder Shares
20:09 — The Brutal Truth About Boardroom Disagreements
24:03 — How Building Communities Led To Billion Dollar Companies
27:11 — Why Datadog Looked Like a Terrible Investment
29:03 — The Mindset Required To Invest Before Everyone Else
33:29 — Inside Wiz’s Historic $32 Billion Acquisition
35:40 — The 2 Questions Every Founder Must Answer
36:24 — If You Can 10X Your Company, Never Sell
40:17 — The Difference Between Your Heart & Your Mind
42:00 — The Ancient Philosophy That Changed How He Thinks
49:34 — Why Michael Jordan Obsessed Him With Competition
52:23 — Dave Chappelle, Nas & The Best Night of His Life
54:00 — The Truth About Intuition & Great Decisions
Follow Divot:
YouTube: https://www.youtube.com/@Divotpod
X (Twitter): https://twitter.com/divotdotorg
Instagram: https://www.instagram.com/divotpod
TikTok: https://www.tiktok.com/@divotpod
LinkedIn: https://www.linkedin.com/company/divotdotorg
Hashtags:
#shardulshah #wiz #datadog #venturecapital #startupfounders #artificialintelligence #cybersecurity #foundermindset #entrepreneurmindset #divotpodcast
The AI-powered Podcast Player
