

20VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
6 snips Apr 8, 2022
Eric Liaw, a General Partner at IVP, shares deep insights from his 20-year journey in venture capital. He reflects on lessons learned during his time at TCV and discusses his investment style evolution, including a notable miss that shaped his approach. The conversation navigates the shifting landscape of IPOs and M&A in the current market, emphasizing the importance of genuine relationships in VC. Eric also touches on balancing professional ambitions with family life, offering a candid look at the challenges that come with parenthood.
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Supercell Trip
- Eric Liaw traveled to Helsinki in January 2013 to meet Supercell, finding it incredibly dark.
- At a Lapland restaurant, he jokingly asked about the best time to hunt bear, receiving the deadpan reply, "When he's sleeping."
UiPath Hustle
- In 2018, Eric Liaw and a colleague flew to Bucharest to meet UiPath's CEO on short notice.
- They then unexpectedly went to Barcelona for a sales kickoff, extending their trip.
Market Predictions
- Eric Liaw expects IPO activity to slow down in 2022 compared to the record volume of last year.
- He anticipates a potential increase in M&A due to high public company valuations, but regulatory concerns might hinder large tech acquisitions.