This Week in Startups Elad Gil on his product-market driven thesis, importance of market pull, entering the “go public sooner” decade | Angel S5 E3
Feb 4, 2021
Elad Gil, an angel investor with a stellar portfolio including Airbnb and Coinbase, shares his insights on navigating the tech landscape. He discusses the importance of product-market fit and the changing dynamics of public equity investment, especially with SPACs. Elad highlights the impact of market disruptions over the past decade and the need for continuous innovation. He also examines the shift of tech talent from traditional hubs to emerging cities, reflecting on how this affects the startup ecosystem.
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Insane Valuations
- Every great company's fundraising rounds initially seem insane.
- Hindsight reveals these rounds as steals due to subsequent growth.
Valuation Multiples
- The challenge lies in distinguishing truly great companies from others.
- The best companies set valuation multiples, and others try to match them, even if undeserved.
Clubhouse's Potential
- Clubhouse is the first compelling social product in a decade, attracting celebrities early on.
- Its success may make its current valuation look like a steal in the future.
