Run the Numbers

The Anti-Exit Strategy: Premji Invest’s Approach to Evergreen Capital (& the Future of CFO Tech)

18 snips
Sep 1, 2025
Guest
Sandesh Patnam
In this insightful chat, Sandesh Patnam, Managing Partner at Premji Invest, shares his expertise in CFO and enterprise tech investing. He dives into the concept of evergreen capital, emphasizing its role in fostering long-term growth and partnerships. Discussing the impact of AI on finance, he explains how it shifts CFO priorities from speed to strategic insights. Sandesh also highlights the evolving CFO toolkit, the necessity for skilled finance professionals, and the transformative potential of generative AI, positioning it as a landmark change in the industry.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Evergreen Capital Rewrites Investor Incentives

  • Evergreen capital is a permanent pool of capital that removes fund-cycle pressure and gives investors long duration to partner.
  • That permanence forces each investment to stand on its own and enables deeper founder partnerships.
ADVICE

Underwrite Each Investment On First Principles

  • Don't build a portfolio to please the next fundraise; underwrite each company on first principles instead.
  • Avoid buying the best home in a bad neighborhood just because you need a logo for fundraising.
INSIGHT

TAM Is A Floor, Not The Starting Line

  • TAM matters but should be treated as a check, not the starting point for investment decisions.
  • Start with product and SAM to see if the company can earn the right to a larger TAM over time.
Get the Snipd Podcast app to discover more snips from this episode
Get the app