20VC Will Seed Pricing Remain High | Where is the Funding Crunch? | Three Core Elements Required to Raise a Series B/C | Why AI is Like the Lottery Today | Why Now is the Best Time to be Investing in Crypto | Why Investors Do Not Want to Reprice Companies

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

🗓️ 17 November 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rebecca Kaden is a Managing Partner @ Union Square Ventures, one of the leading early-stage firms of the last decade with investments in Twitter, Twilio, Coinbase and many more.

Nicole Quinn is a General Partner @ Lightspeed where she has led investments or sits on the board of Calm, Cameo and LunchClub to name a few.

Eurie Kim is a Managing Partner @ Forerunner Ventures, the leading early-stage consumer fund. Eurie has led investments and sits on the board of Oura, The Farmers Dog, Curology and more.

In Today's Roundtable We Discuss:

1. Seed Rounds:

Is it even possible for traditional seed funds to play in a world of multi-stage funds investing so aggressively at the seed stage?
Is seed immune to the macro environment? Will seed pricing remain as high as ever?
What advice does the team have for seed founders approaching a Series A? What do they need?

2. Series A:

How is the Series A market looking today? Is there a crunch at the Series A?
To what extent are valuations compressed at the Series A?
What 3 core elements do companies at the A stage, looking for a Series B next, need to focus on?

3. Series B and Beyond:

Is the real crunch at the Series B?
Why are down rounds so much better than structured rounds for companies raising?
Will we see a wave of M&A in the next 12 months?

4. Crypto, AI and Hot Takes:

Why is now the best time to be investing in crypto?
Why is investing in AI a lottery right now?
What is the most controversial thing that each believes today?

Transcript

Click on a timestamp to play from that location

0:00.0	The next era of consumer applications will look like a consumer application and have crypto rails
0:06.1	buried beneath the hood and is going to revive a crypto winter.
0:09.6	Now is the best time ever for crypto.
0:11.1	I would say AI is akin to winning the lottery.
0:14.4	And what I mean by that, it is the lottery of time.
0:17.3	We are seeing across the board, investors are very hesitant to come in and replace things.
0:21.5	I would much rather take a significant down round than having structure on that. That's what I'm
0:28.2	really encouraging our portfolio companies to do. This is 20 VC with me, Harry Stebbings, and today
0:32.8	this roundtable was totally unscripted, no questions ahead of time, and I'm so glad what an amazing discussion it was.
0:39.3	I'm so thrilled to welcome Nicole Quinn, General Partner at Lightspeed, Rebecca Caden, managing partner at Union Square Ventures, and Yuri Kim, managing partner at Foreunner Ventures.
0:49.3	I would love to hear your thoughts on this style of Roundtable.
0:52.3	You can let me know on Twitter at Harry Stebbings
0:54.4	and you can watch the full video on YouTube by searching for 20VC. But before we dive into the show today,
1:00.2	there is no shortage of helpful AI tools out there. But using them means switching back and forth
1:05.3	between yet another digital tool. What was supposed to simplify your workflow just made it way
1:10.3	more complicated, unless
1:11.8	of course, you're in Notion. Notion combines your notes, docks and projects into one space
1:17.3	that's simple and beautifully designed, and you can leverage the power of AI right inside Notion
1:22.5	across all your notes and docks, without jumping between your work and with a separate AI-powered tool.
1:28.8	Automate the tedious tasks like summarizing meeting notes or finding next steps, freeing you up to do the deep work.
1:35.2	It allows you to save time and write faster by letting Notion AI handle the first draft,
1:39.9	jumpstart a brainstorm, or turn your messy notes into something polished.
	...

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