The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Predictions for 2024: What Happens to Early Stage VC Funding, Do a Load of Venture Funds Die, What do LPs Do in 2024, Does Figma Kill the M&A Market, Will IPOs Comeback & What Does a Trump Administration do for Startups with Jason Lemkin @ SaaStr
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Jan 4, 2024 
Jason Lemkin, Founder of SaaStr and a leading SaaS investor, discusses the venture capital landscape as we approach 2024. He reflects on 2023's standout companies like OpenAI and addresses growing concerns about early-stage funding. The conversation delves into predictions on IPOs, with major players potentially going public, and the state of the M&A market. Lemkin also highlights the impact of political changes on startups and the challenges new VCs may face, especially amidst a turbulent funding climate.
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OpenAI's Rapid Growth
- OpenAI's rapid revenue growth, even with lower gross margins, makes it a standout company.
- Its unusual structure with a non-profit and capped returns adds to its unique position.
HubSpot's CRM Success
- HubSpot's CRM has become a major competitor to Salesforce.
- Their long-term vision and willingness to invest in new products, even without immediate synergy, is key to their success.
Founder Motivation in Venture
- Founders in venture capital should be driven by more than just financial gain.
- A strong desire to build and create value is crucial for long-term success.