The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified 434. Deconstructing the Venture Mindset -- The Data and Decision-Making Driving Top Tier Investing (Ilya Strebulaev)
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May 20, 2024 Ilya Strebulaev, co-author of the Venture Mindset, discusses venture capital decision-making principles, sourcing strategies, risk management, and unicorn valuations. The episode explores the venture mindset, AI disruption in industries, and surprising insights. Insights on investing during economic downturns, meaningful connections, and portfolio management are also covered.
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Zoom's Early Investment
- Ilya Strebulaev tells the story of Zoom's early investment.
- Qualcomm Ventures invested $500,000 in Zoom, then called SaaSbee, despite having no clients and strong competitors, becoming a very successful investment.
VC's Impact
- Venture capital plays a crucial role in the economy and public markets.
- In the US, roughly half of all public companies and 75% of large public companies were venture-backed in the last 50 years.
Sourcing Investments
- Venture capitalists should diversify their networks and seek unusual opportunities.
- Build connections across industries, ages, and geographies to find unique startups.