The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Lightspeed's Jeremy Liew on Why It Is More Important To Be Right Than Contrarian, The Most Common Mistakes Made By Hyper-Growth Companies & 3 Characteristics That Make An Individual Incredible At Sourcing
Apr 22, 2019
Jeremy Liew, a Partner at Lightspeed Venture Partners and the first investor in Snapchat, shares insights from his extensive career in venture capital. He emphasizes that being right is more crucial than being contrarian while navigating the competitive funding landscape. Liew discusses common pitfalls for hyper-growth companies, underscores the need for diverse acquisition strategies, and highlights the importance of personal strengths and established networks in sourcing exceptional investment opportunities.
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Sourcing Strategy by Career Stage
- Early in your venture career, focus on meeting many companies to develop a benchmark for good versus great.
- Later, become more selective, prioritizing relationship building and portfolio management.
Developing Evaluation Filters
- As VCs gain experience, they develop mental filters for evaluating potential investments. These filters consider factors like engagement, retention, and growth.
Nicole Quinn's Sourcing Prowess
- Jeremy Liew highlights Nicole Quinn's sourcing success, attributing it to her work ethic and network building.
- Quinn adds value to ecosystems through events and roundtables, attracting entrepreneurs.