20VC: Why Seed is Systemically Broken | Why Pricing is Worse Than Ever and There is More Funding Than Ever | Benchmarks for Churn, Retention and Growth Rates - Good vs Great | Why Last Vintage for Private Equity Will Suck with Jason Lemkin
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Commitment and Speed in Investments
The key to successful partnerships lies in an ultra-insane commitment to success from the co-founders. Having a binary pair, both highly committed and proficient in software development and sales, is a rare and magical combination. Speed is essential in today's business environment, with decisions needing to be made rapidly. The speaker emphasizes the importance of having two great co-founders who exhibit an incredibly high level of commitment, even above that of the speaker. Without this level of commitment, investments take too long to pay off due to the fast-paced nature of the industry. To navigate the changing times and identify genuine opportunities, the focus has shifted to conducting early Zoom meetings with CTOs, a shift from the traditional late-stage process.
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