Larry Cheng

Larry Cheng, founding partner at Volition Capital, dives into the current landscape of venture investing. He shares insights on the market trends for 2023, focusing on e-commerce and consumer brands. Cheng discusses his successful collaboration with Chewy's Ryan Cohen, highlighting the importance of customer obsession in investing. He also navigates the challenges of today’s fundraising environment, detailing how Volition adapts its strategies amid shifting market dynamics. Expect engaging anecdotes and sharp analysis of the evolving tech landscape!

Larry Cheng, co-founder and managing partner at Volition Capital, dives into the importance of capital efficiency for tech startups. He explains how companies can grow sustainably without overspending while highlighting lessons from Chewy's early days. The discussion includes the resurgence of capital expenditure in frontier tech and the potential of hardware-enabled SaaS. Cheng also analyzes Circle’s IPO, the Rippling–Deel legal conflict, and AI's impact on academic results at Alpha School, offering insightful frameworks for evaluating return on capital.