The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC Roundtable: Why Early Stage Founders Should Not be Investing, Why Great Founders Have Low EQ, How the Structure of VC Firms Will Change, Will Founder-Led Funds Compete with Sequoia & Is Investing a Team Sport?
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Nov 3, 2023 
Jack Altman, the CEO of Lattice, Auren Hoffman, the founder of SafeGraph, and Jason Lemkin, the CEO of SaaStr, discuss the rise of founder-led funds and their competitive dynamics with traditional VC firms like Sequoia. They emphasize the unique empathy founders have towards other entrepreneurs. Topics include how operational experience enhances investment decisions, the necessity of collaboration in investing, and the evolving landscape of venture capital. They also touch on emotional intelligence in successful founders and the balance between investing and running a startup.
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Value of Founder Investors
- Founders value tactical advice and support from other founders.
- This is especially true when the advice is relevant and up-to-date, unlike some outdated advice from VCs.
Brand Value of Founder-Led Funds
- Founder-led funds offer a brand that serves as a proxy for quality, attracting founders.
- This brand recognition, combined with operational experience, makes them appealing to both founders and LPs.
Tough Love vs. Empathy
- Founders, often having lower EQ, provide tough love rather than empathy.
- This directness can be more valuable than overly founder-friendly approaches.