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Traction

The State of Venture Capital and Getting to $100M ARR with Byron Deeter, Bessemer Venture Partners

May 18, 2022
57:18

On this episode of the Traction podcast, host Lloyed Lobo of Boast.AI welcomes Byron Deeter, Partner at Bessemer Venture Partners.

 

With massive shifts and uncertainty in the markets right now, founders, CEOs, CFOs, and board members alike want to know what the new rules are to play by.

 

In this episode join Byron for a deep dive on what's going on in Venture Capital and how you can build a cloud unicorn in the current climate.

 

Byron started as a SaaS CEO and has invested in probably more SaaS IPOs and unicorns than any other VC, from Twilio to Canva, DocuSign, HashiCorp, Box, Intercom, and dozens more. Few have been doing this better, for longer, than Byron.

 

In this session, Byron covers:

 

4:29 - What's happening in VC right now

7:29 - Public and private market analysis

13:08 - What's driving decision making and advice in VC at seed and series A vs growth rounds

25:38 - Which metrics boards and investors are watching right now

30:18 - What the best companies are focusing on to drive sustained growth to $100 million

44:34 - When is the right time to build a second product, and when should you become a platform company

51:57 - Where founders should be investing and where they should be pulling back

1:01:37 - Byron's top resources 

 

Learn more at https://tractionconf.io

 

Connect with Byron Deeter: https://www.linkedin.com/in/byrondeeter/

 

Get more resources from Bessemer Venture Partners at https://www.bvp.com/cloud

 

Accelerate revenue through Cloud Marketplaces with https://tackle.io 

 

This episode is brought to you by:

 

Each year the U.S. and Canadian governments provide more than $20 billion in R&D tax credits and innovation incentives to fund businesses. But the application process is cumbersome, prone to costly audits, and receiving the money can take as long as 16 months. Boast automates this process, enabling companies to get more money faster without the paperwork and audit risk. We don’t get paid until you do! Find out if you qualify today at https://Boast.AI.

 

Launch Academy is one of the top global tech hubs for international entrepreneurs and a designated organization for Canada's Startup Visa. Since 2012, Launch has worked with more than 6,000 entrepreneurs from over 100 countries, of which 300 have grown their startups to seed and Series A stage and raised over $2 billion in funding. To learn more about Launch's programs or the Canadian Startup Visa, visit https://LaunchAcademy.ca 

 

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