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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The Memo: The State of the VC Market: Why Seed Funds Can't Invest in "Hot Startups" Anymore, Why Series A & B is Terrible, Why the IPO Market Will Explode in 2024 & Why VC DD is BS & Every VC Has More Fraud in their Portfolio with Jason Lemkin
Aug 9, 2023
Jason Lemkin, Founder of SaaStr, shares his insights on the current state of venture capital, highlighting that seed rounds are more active than ever despite challenges. He questions the viability of Series A and B investments, suggesting they may be 'dead zones.' Lemkin emphasizes how founders with strong ARR have advantages, while stressing the importance of addressing product-market fit. He also forecasts a booming IPO market in 2024, urging a positive perspective on growth in venture capital.
01:09:10
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Quick takeaways
- Seed investors are actively participating in hot startups, but founders need to understand the changing dynamics and be realistic about fundraising expectations.
- The Series A and B market is facing challenges due to a gap between investor expectations and founder aspirations, emphasizing the need for a more realistic and disciplined approach to secure funding at these stages.
Deep dives
Seed Investing Still Active Despite Market Slowdown
Despite the current slowdown in the market, seed investors are still actively participating in hot startup opportunities. However, founders need to understand the changing dynamics of seed investment and realize that raising funds at later stages may not be as easy as they think. The market has become more rational, with seed companies needing to prove themselves before securing further investment. Founders should be prepared to offer transparent and realistic valuations and consider waiting to raise funds until they have achieved significant traction and a solid foundation.
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