Jason Lemkin
👤 Speaker
4954
total appearances
Appearances Over Time
Podcast Appearances
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
If you're in the trailing edge stuff, you're toast.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
Goodness, here's how I think about it.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
Yeah.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
But hang on, I'm just going to say something.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
Great job, boys.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
Great job, lads.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
This is the problem with anchoring.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
Figma, it's a little bit down from its IPO.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
But then all the screen, it's hugely down from when all retail priced it the day after the IPO.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
If you look at it versus the IPO, you're right.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
It's still down a little, but it's not nearly as catastrophic.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
It's still a $12 billion market cap company.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
It's still growing.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
It's still trading at 10 times forward sales, growing at 30% plus.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
It's an up.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
awesomely good company, that's just the value.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
Again, the message is really clear.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
When you pay up for high growth companies and the growth slows even a little, and the belief goes out of the multiple,
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
You're in for a long, hard haul.
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Sam Altman vs Elon Musk: The $100BN Battle | The Implosion of Thinking Machines | Can VC Survive Public Market Pricing Today? | ClickHouse and Replit's New Rounds: Analysed
And we've come back to this, I think, a few times before you can be valued on free cash flow.