20VC: Twitter's Most Controversial VC Delian Asparouhov on Inside the Walls of Founders Fund: What the World Does Not See | Why Western Europe Will Be Like the Third World | Why SaaS as an Industry Might Be Dead

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

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 29 July 2024

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

Delian Asparouhov is a Partner at Founders Fund and Co-Founder and President of Varda Space Industries, which is building the world's first space factories. At Founders Fund Delian has led deals in the likes of Ramp ($7BN) and Sword Health ($3BN) among others. Before joining Founders Fund, he was a Principal at Khosla Ventures, Head of Growth at Teespring, and Founder of a healthcare company called Nightingale.

In Today's Episode with Delian Asparouhov We Discuss:

1. Venture Capital: Winners, Losers and Everyone Else:

Who are the Top 3 venture firms in the world today according to Delian?
Why does Delian believe that Benchmark are not the firm they were?
Who will be the winners in venture in the next 10 years?
Who will be the losers in venture in the next 10 years?

2. Inside Founders Fund: What No One Sees:

What are the most important and impactful elements of Founders Fund that no one knows about?
What does Delian believe that the Founders Fund partnership will strongly disagree with him on?
Why does Founders Fund believe the path of most resistance is the best way to make decisions?
What single topic has Delian publicly disagreed with Peter Thiel on most? How did it go?

3. What Every Young VC Needs to Know:

What are Delian's single biggest tips to young VCs looking to scale the VC ladder today?
What are the five core pillars of venture according to Delian? What should young VCs focus on?
Why does Delian disagree with Founders Fund partners that "the best founders do not need the help of their VCs?"
Does Delian agree with Vinod Khosla that "90% of VCs do detract value?"
What are the biggest ways that Delian believes VCs can and do detract value?

4. Europe Will Be Third World, Parenting and Marriage:

Why does Delian believe that Western Europe will become like the third world?
What are Delian's single biggest tips on finding a life partner?
What have been the biggest changes to Delian since becoming a father?
What question does no one ask Delian that someone should ask him?

Transcript

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0:00.0	Western Europe is going to look like a third world. I think the United States now has a sort of
0:04.1	stronger multi-generational aristocracy than Europe has. Extraordinary careers when you're a junior
0:10.3	adventure do not get built sitting behind a desk in an office. Travis committed no crime. They just
0:14.6	cornered him in a hotel room, you know, two days after his mother had passed away and convinced
0:18.7	him to sign papers that he, you know, shouldn't have. I wish that, you know, Bill Gurley's, you know, firing of Travis, you know, was, you know,
0:25.4	sort of talked about more publicly about how morally deprave that entire basically situation was.
0:29.7	Service Titan is actually closer to LVMH than it is to Tesla. The one liner that I sometimes like to
0:34.1	use is people love software because, you know, sort of the marginal distribution costs are zero.
0:38.4	Perhaps what people need to realize is also that the marginal returns are zero as well, because
0:42.3	there is no moat.
0:43.2	I mean, wow, listening to that intro, I am like, this show is not one that lacks bangers.
0:48.4	I mean, my word, I cannot wait for this one with the most controversial VC on Twitter,
0:52.9	on 20 VC today, Delian Asperov. Now
0:56.0	Delian is a partner at Founders Fund and co-founder and president of Varda Space Industries,
1:00.4	which is building the world's first space factories. At Founders Fund, Delian has led deals in the
1:05.8	lights of Ramp, most recently valued at $7 billion plus and Sword Health at $3 billion plus, among others.
1:12.8	Before joining Founders Fund, Delian was a principal at Koestler Ventures.
1:16.6	But before we dive in, when a promising startup files for an IPO or a venture capital firm
1:21.8	loses its marquee partner, being the first to know, gives you an advantage and time to plan
1:26.8	your strategic response.
1:28.5	Chances are the information reported it first.
1:31.3	The information is the trusted source for that important first look at actionable news
	...

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