Building Enduring Value and Hitting Incremental Gains with Benchmark’s Sarah Tavel | E1983
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 22 July 2024
⏱️ 81 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Squarespace. Turn your idea into a new website! Go to http://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
LinkedIn Jobs. A business is only as strong as its people, and every hire matters. Go to https://www.linkedin.com/twist to post your first job for free. Terms and conditions apply.
OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist
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Todays show:
Benchmark’s Sarah Tavel joins Jason to discuss strategies for competing in a changing venture landscape (9:12), the critical role of governance and accountability in startups (19:39), the relationship between hype, investment decisions, and startup promotion (55:20). and more!
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Timestamps:
(0:00) Sarah Tavel joins Jason.
(1:38) Sarah Tavel, Benchmark Partner, on disciplined fund size and efficiency (5:06) Benchmark's commitment to founders and investment strategy (9:12) Strategies for competing in a changing venture landscape
(10:00) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST (15:50) Valuations, ownership, and building deep relationships with founders
(18:30) LinkedIn Jobs - Post your first job for free at https://www.linkedin.com/twist (19:39) The critical role of governance and accountability in startups (28:36) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(30:16) The power of incremental improvements and executive limitations (34:32) Vanity metrics vs. building enduring value in startups (43:12) The consequences of choosing status over results in startup success (46:22) Building trust in leadership and the pressures of maintaining success (49:03) The importance of non-consensus bets and independent thinking (55:20) The relationship between hype, investment decisions, and startup promotion (58:19) In-person work vs. remote work: Impact on startup productivity (1:02:58) SaaS market challenges: Pricing, AI impact, and future models (1:07:33) Exciting AI investments and the transformative potential of new technologies (1:13:01) AI advancements, new use cases, and the competitive landscape (1:17:16) How incumbents and consumers are benefiting from AI advancements (1:19:15) Embracing AI in daily tasks and business operations *
Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com/
Check out the TWIST500: twist500.com
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Check out Benchmark: https://www.benchmark.com/ *
Follow Sarah:
LinkedIn: https://www.linkedin.com/in/sarahtavel/ Sarah’s Substack: https://www.sarahtavel.com/
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(10:00) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST (18:30) LinkedIn Jobs - Post your first job for free at https://www.linkedin.com/twist (28:36) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
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Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
Substack: https://twistartups.substack.com
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Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's hard like when you're a CEO. There's a learned ruthlessness that ends up happening, |
| 0:06.5 | which is that you have these relationships with the people on your leadership team. |
| 0:10.0 | And by the way, your leadership team has the people on their leadership team that you develop relationships with that you want to be nice. |
| 0:18.0 | It's five temptations of a CEO is like an incredible book. every CEO should read it. |
| 0:23.2 | The thing about wanting to be liked is like an Achilles heel that we all as humans have. |
| 0:28.4 | It's a very difficult thing to have a lot of these hard conversations and so you have these executives and they are not |
| 0:35.3 | pulling the company up with them they're being pushed up when you have too many of those |
| 0:39.6 | it's one of those things that even one executive for too long who's being pushed up with who we're not having a hard conversation |
| 0:48.0 | really has these ripple effects that you always look back and wish that you had made a decision sooner and faster. |
| 0:55.0 | This weekend startups is brought to you by |
| 0:59.0 | Square Space. |
| 1:01.0 | Turn your idea into a new website. |
| 1:03.0 | Go to Squarespace.com slash Twist for a free trial. |
| 1:07.0 | When you're ready to launch, use offer code Twist to save 10% off your first purchase of a website |
| 1:12.2 | or domain. |
| 1:13.0 | LinkedIn Jobs. |
| 1:15.0 | A business is only as strong as its people and every hire matters. |
| 1:18.0 | Go to LinkedIn.com slash Twist to post your first job for free. |
| 1:22.0 | Terms and conditions apply. And... slash Twist to post your first job for free. |
| 1:22.5 | Terms and conditions apply. |
| 1:24.0 | And open phone. |
| 1:25.8 | Create business phone numbers for you and your team |
... |
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