The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Why Seed is Systemically Broken | Why Pricing is Worse Than Ever and There is More Funding Than Ever | Benchmarks for Churn, Retention and Growth Rates - Good vs Great | Why Last Vintage for Private Equity Will Suck with Jason Lemkin

May 27, 2024
In this engaging discussion, Jason Lemkin, a pioneering SaaS investor and founder of the SaaStr community, shares insights from his impressive portfolio of unicorns. He delves into why the traditional seed VC model is broken and how companies are now inundated with cash that often fails to ensure well-grounded growth. Additionally, Jason emphasizes the importance of strong founder dynamics, particularly the winning combination of a CEO with sales prowess and a technical CTO. He also highlights critical metrics for startup success, such as churn and retention rates, offering an expert's perspective on what truly drives sustainable growth.
01:14:18

Episode guests

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Quick takeaways

  • Founder partnership of CEO salesperson and CTO is crucial for success in startups.
  • Venture capital industry faces challenges due to broken seed funding and problematic pricing.

Deep dives

Seed Investments in Systemically Broken Today

Seed investments are facing challenges with increasing capital and fewer scalable opportunities for triple-digit growth rates. The best investments typically reach 1 to 10 million within five quarters or less. Achieving IPO readiness often requires tripling revenue multiples before entering the public market. Expansion beyond a 10% market share is crucial for sustained growth.

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