The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Inside Coatue's $70BN Machine: Why Price Matters Least | Why Mega Markets are the Most Important | How to Assess Durability of Revenue and Margins in AI with Lucas Swisher
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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Lucas Swisher co-leads the growth fund at Coatue where he has partnered with iconic companies like OpenAI, Harvey, Deel, Canva, Openevidence, Anthropic, and others. Prior to Coatue, he was on the investment team at Kleiner Perkins, where he focused on growth stage software businesses.
AGENDA:
Why Public SaaS Is Getting Crushed in the AI Wave
How to Find Value in the Deluge of Public SaaS
Durability of Revenue in AI
Market Size vs. Founder Quality: What Wins?
Why Price is the Last Thing to Matter
Mega-Funds Math: Can $5B+ Funds Still Generate Venture Returns?
What Returns Are 'Enough'? Why 3x Isn't Exciting at Growth
When Double-Downs Go Wrong: Overestimating TAM and Multi-Product Expansion
Margin Matters… But at Scale: AI Gross Margins, Cost Curves & Efficiency
Why it has never been harder to be a seed investor
Is 'Kingmaking' a Myth: When Capital Helps (and When It Hurts)
Is Canva Really a Platform Company? Multi S-Curves and Leaning into AI Early
Lessons from Mary Meeker: Modeling, Storytelling with Data, and Not Missing the Forest
Lessons from Mamoon Hamid: Spotting Inflection Points with Minimal Data (Figma Story)
LP 'Pick One' Games: Mamoon Hamid, Mary Meeker, Insight Partners
OpenAI vs Anthropic: Who Wins?
Most Memorable Founder Meeting: Harvey and Founder-Market Fit
Career Decisions & Misses: Leaving Insight, Missing Anduril, and Looking Ahead
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