The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Benchmark's Newest General Partner Ev Randle on Why Margins Matter Less in AI | Why Mega Funds Will Not Produce Good Returns | OpenAI vs Anthropic: What Happens and Who Wins Coding | Investing Lessons from Peter Thiel and Mamoon Hamid
The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists with prior guests including Sequoia's Doug Leone and Benchmark's Bill Gurley. Once per week, 20VC Host, Harry Stebbings is also joined by one of the great founders of our time with prior founder episodes from Spotify's Daniel Ek, Linkedin's Reid Hoffman, and Snowflake's Frank Slootman.
If you would like to see more of The Twenty Minute VC (20VC), head to www.20vc.com for more information on the podcast, show notes, resources and more.
Show Notes
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Ev Randle is a General Partner @ Benchmark, one of the best funds in venture capital. In their latest fund, they have Mercor ($10BN valuation), Sierra ($10BN valuation), Firework ($4BN valuation), Legora ($2Bn valuation) and Langchain ($1.4Bn valuation). To put this in multiples on invested capital, that is a 60x, two 30x and two 20x. Before Benchmark, Ev was a Partner @ Kleiner Perkins and before Kleiner, Ev was an investor at Founders Fund and Bond.
AGENDA:
Biggest Investing Lessons from Peter Thiel, Mary Meeker and Mamoon Hamid
OpenAI Will Be a $TRN Company & OpenAI or Anthropic: Who Wins Coding?
Why We Should Not Focus on Margin But Gross Dollar Per Customer
Why AI Labs are the Biggest Threat to AI App Companies
Do Benchmark Fire Founders? If so… Truly the Best Partner?
People, Product, Market: Rank 1-3 and Why?
Why the Mega Funds Have Just Replaced Tiger
GC, Lightspeed and a16z Cannot Do 5x on Their Funds…
Single Biggest Threat to Benchmark
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