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Akshay Kothari

👤 Person
360 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Well, I think going back to what we discussed, right, I think in the very long term, it will be a function of the company's sort of multiple, the function of multiple of revenue. And the premium we'll get is based on us being able to grow fast or continue to grow fast and do it in an efficient way. The great thing about Notion is that we just operate in a very large market.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Well, I think going back to what we discussed, right, I think in the very long term, it will be a function of the company's sort of multiple, the function of multiple of revenue. And the premium we'll get is based on us being able to grow fast or continue to grow fast and do it in an efficient way. The great thing about Notion is that we just operate in a very large market.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Well, valuation matters internally, I think, to employees. I think it matters that the stock that they did get is able to be valued that much and continue to grow in value over the years.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Well, valuation matters internally, I think, to employees. I think it matters that the stock that they did get is able to be valued that much and continue to grow in value over the years.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Well, valuation matters internally, I think, to employees. I think it matters that the stock that they did get is able to be valued that much and continue to grow in value over the years.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think it is a challenge for a lot of companies when you can't show them a path. And I think it was a bigger challenge in 2022. I think some companies have been able to sort of like show a path or have gotten there. But I think they're probably more rare than the number of unicorns that were sort of made during that time.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think it is a challenge for a lot of companies when you can't show them a path. And I think it was a bigger challenge in 2022. I think some companies have been able to sort of like show a path or have gotten there. But I think they're probably more rare than the number of unicorns that were sort of made during that time.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think it is a challenge for a lot of companies when you can't show them a path. And I think it was a bigger challenge in 2022. I think some companies have been able to sort of like show a path or have gotten there. But I think they're probably more rare than the number of unicorns that were sort of made during that time.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

When we did the COVID round in 2020, we really, really wanted Sequoia. Again, if you think about the goal for that round was to get a stamp of approval so that we could recruit and people feel like this is a safe company. And there isn't a better stamp than Sequoia's. And so we pitched them and actually we got a no that time in March 2020. Was this from Pat Grady?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

When we did the COVID round in 2020, we really, really wanted Sequoia. Again, if you think about the goal for that round was to get a stamp of approval so that we could recruit and people feel like this is a safe company. And there isn't a better stamp than Sequoia's. And so we pitched them and actually we got a no that time in March 2020. Was this from Pat Grady?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

When we did the COVID round in 2020, we really, really wanted Sequoia. Again, if you think about the goal for that round was to get a stamp of approval so that we could recruit and people feel like this is a safe company. And there isn't a better stamp than Sequoia's. And so we pitched them and actually we got a no that time in March 2020. Was this from Pat Grady?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think it's from the partnership. I think the person we had talked to there was Mike Vernal then, who was an early personal investor. And I think they actually wrote a very thoughtful note for why. In many ways, it worked out in terms of us getting to know each other even more over the next 18 months. And then when you came back and said, hey, we still want you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think it's from the partnership. I think the person we had talked to there was Mike Vernal then, who was an early personal investor. And I think they actually wrote a very thoughtful note for why. In many ways, it worked out in terms of us getting to know each other even more over the next 18 months. And then when you came back and said, hey, we still want you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think it's from the partnership. I think the person we had talked to there was Mike Vernal then, who was an early personal investor. And I think they actually wrote a very thoughtful note for why. In many ways, it worked out in terms of us getting to know each other even more over the next 18 months. And then when you came back and said, hey, we still want you.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Next one we came back, we asked them first, and them and Kotu, because I think Kotu had put a smaller check in the $50 million round, and so they came back and did a larger one, and Sequoia was the co-investor in that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Next one we came back, we asked them first, and them and Kotu, because I think Kotu had put a smaller check in the $50 million round, and so they came back and did a larger one, and Sequoia was the co-investor in that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

Next one we came back, we asked them first, and them and Kotu, because I think Kotu had put a smaller check in the $50 million round, and so they came back and did a larger one, and Sequoia was the co-investor in that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think, yeah, I think it is probably the best brand. Their record speaks for itself, I think.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think, yeah, I think it is probably the best brand. Their record speaks for itself, I think.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari

I think, yeah, I think it is probably the best brand. Their record speaks for itself, I think.