The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

Philip Freise, Co-Head of European Private Equity at KKR, shares insights into managing Europe's largest private fund with a whopping $8 billion. He recounts the $500 million loss in Turkey and the lessons learned, alongside a candid discussion on KKR's bold COVID investments. Freise challenges conventional wisdom, questioning if AI could impact the private equity model, and explores the looming $3 trillion liquidity crisis. He also predicts how KKR may dramatically expand its European presence and unpacks the evolving landscape of deep tech investments.

Kim Graves, Head of Sales, Americas at Notion and co-founder of 20sales.vc, shares her insights on enterprise sales strategies and the challenges of integrating AI tools. She discusses the importance of mindset over mere sales stages and reveals how to navigate customer conversations effectively. Kim highlights key mistakes founders make when shifting from founder-led to rep-led sales, and why cold calling remains relevant in the future. With a focus on spotting true grit in sales hires and the evolving role of AI, her perspective is both refreshing and insightful.

In an engaging discussion, the podcast dives into Facebook's massive $100 billion AI investment and the recent acquisitions of talent like Nat Friedman. The hosts debate whether loyalty still exists in Silicon Valley amid a talent exodus. There's a buzz around Navan's IPO and the uncertain future of Canva as it hesitates to go public. Larry Ellison's strategic moves to reclaim his empire also take center stage. The hosts explore the fine line between genuine innovation and mere marketing hype in the AI landscape.

In this conversation, Johannes Reck, Founder and CEO of GetYourGuide, shares his entrepreneurial journey from modest beginnings to a $2 billion valuation. He reveals the tough lessons learned from his early fundraising mistakes and the significant impact of dilution. Reck discusses the stark differences between the VC landscapes in Europe and the US, and how European founders often face tougher challenges. He recounts the wild story behind raising $450 million from Softbank and his personal experiences with hiring missteps and pandemic-induced revenue drops.

Cem Kansu, Chief Product Officer at Duolingo, leads the charge in product innovation for over 90 million learners. He discusses how smaller teams can drive faster development, and delves into Duolingo’s strategy for successful AI integration. Cem shares insights on monetization challenges, the effectiveness of targeted paywalls, and the quirky psychology behind retention strategies. He reflects on the future of product managers in an AI-driven world, sparking a thought-provoking debate on the balance between user engagement and monetization.

In a deep dive into Meta's $14.8 billion acquisition of Scale, experts discuss the potential fallout and whether Scale can sustain its $800 million ARR. The conversation shifts to Chime's IPO and the resurgence of IPOs in the market. Ramp's remarkable $16 billion valuation catches attention, raising questions about fintech competition. Legacy companies like Salesforce and Dropbox grapple with innovation challenges. Predictions swirl around China's AI dominance and market shifts, painting a dynamic picture of the tech landscape.

Larry Aschebrook is the Founder and Managing Partner of G Squared in what is one of the wildest stories of venture capital. Larry started G Squared with nothing, dialling for dollars having personally invested in Twitter and Uber. In his first fund, Larry made sizable bets into SpaceX, Palantir, Alibaba and Twitter. Larry has also had mega losses along the way (discussed in the show) in Getir, 23andme and more. Today, Larry manages over $5BN and has invested in all the best from Wiz to Spotify to Revolut and Anthropic.  Agenda: 00:00 – From Broke to Billion-Dollar Bets 03:40 – The $800M Coursera Windfall 06:10 – Lyft Made Millions, Uber Lost $50M 09:05 – “We Fcked Up”: The Billion-Dollar Vintage 11:50 – How a $150M Spotify Bet Made a Billion 15:10 – The Gut Call That Dodged Theranos 18:00 – Vampires vs Zombies: The Coming Startup Purge 20:30 – When Success Almost Killed the Firm 24:20 – DPI Is King, MOIC Is Bullsht 27:40 – Why I’d Buy Anthropic at $61BN Today 30:05 – Losing $70M on 23andMe 32:10 – The Janitor of Venture Capital 34:00 – The Getir Deal That Nearly Broke Me 36:25 – Does Money Actually Make You Happy? 39:00 – What Cal Ripken Jr. Taught Me About Venture  

Dive into the wild world of IPOs and market dynamics as Circle's recent debut raises eyebrows and questions. Explore how the US stock market eclipses its global competitors, drawing companies like Deliveroo and Wise. Unpack the chilling reality that half of all unicorns might be on a crash course. Witness the rise of Anduril, securing an epic $2.6 billion from Founders Fund. Finally, grapple with the seismic shifts in SaaS spending amid AI's looming dominance and ponder the fate of tech leadership in a fast-paced, changing landscape.

Micha Kauffman, Founder and CEO of Fiverr, shares insights from his three-decade journey in the startup world. He emphasizes the urgent need for companies to adapt to AI or face extinction. Kauffman provocatively challenges employees to embrace AI, claiming that 99% of current AI startups will fail. He also discusses the alarming speed at which ideas can be cloned and the shifting importance of distribution over code. Lastly, he warns about potential government regulation of AI, likening it to the Manhattan Project.

Matt Pohlson, co-founder and Chairman of Omaze, shares his remarkable journey from a near-death experience to building a $400 million startup that raises money for charity. He discusses how overcoming fear transformed his leadership style and decision-making. Pohlson highlights creative storytelling's role in business, revealing how he made the customer the hero. The conversation also dives into the emotional complexities of entrepreneurship, balancing ambition with fulfillment, and the importance of mental well-being in a competitive landscape.