The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Carvana CEO on Buiding a $50B Company, Losing 99% and Coming Back | Ernest Garcia: Inside the Mind of the Most Misunderstood CEO in America
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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Ernest Garcia is the Co-Founder and CEO @ Carvana. Under Ernie's leadership, Carvana went from a back-of-the-napkin idea to a $50+ billion public company, became the fastest-growing online used car retailer in U.S. history, and landed on the Fortune 500 in under 10 years. However, it was not all up and to the right, in 2022, the stock plummeted 99% to a market cap of just $400M. Today they are back with a market cap of $35BN, that is a 100x in the public markets and selling 400,000 cars sold annually, with a logistics network that rivals Amazon.
In Today's Episode with Ernie Garcia We Discuss:
Are all great founders just "stubborn egomaniacs"?
How Carvana Almost Died on Several Occasions
Is Carvana's Inability to get VC Funding a Sign the VC Model is Broken?
Operators vs. Strategists: What Hires Can Make or Break a Company?
Billionaire's Biggest Lessons on Parenting
Is Life About Happiness or Achieving
The Reality of Being a Public Company CEO
Why Companies Should Go Public
Why You Should Price Your IPO to Perfection with No Pop
"What I Wish I Had Known About Debt in Building Carvana"
Quick Fire Round: Favourite CEO, Marriage Advice, Carvana in 10 Years
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