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Basti Lehmann
Co-founder and former CEO of Postmates, a successful on-demand delivery service, and founder of TipTop, a platform for fast tech sales.
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Apr 8, 2024
• 59min
20VC: Postmates Founder Basti Lehmann on How the Uber Deal Went Down and How a $2.65BN Deal Turned into $5BN, Why Great VCs Add No Value and VC Value Add is BS Marketing & Why The Biggest Companies in History Will be Born Today and Replace Incumbents
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Basti Lehmann, co-founder and former CEO of Postmates, shares his journey from a US immigrant to leading a billion-dollar company. He discusses the intricacies of Postmates' $2.65BN acquisition by Uber, revealing valuable negotiation tactics. Basti critiques the venture capital industry, claiming that most VCs offer little true value and stressing the importance of educating investors. He also predicts that the biggest companies are emerging today, questioning whether incumbents can withstand the rise of new startups and innovations in AI.
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