VCs' Hidden Stress: Inside the Secret World of Venture Investments

Name: VCs' Hidden Stress: Inside the Secret World of Venture Investments
Uploaded: 2023-10-06T14:30:07+00:00
Duration: 19 s
Channel: Jason M. Lemkin
Description: VCs are losing sleep over portfolio companies that can't reach their last funding round valuations, even when they look confident publicly. When one big…

6 Oct 2023 · 0 min

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VCs are losing sleep over portfolio companies that can't reach their last funding round valuations, even when they look confident publicly. When one big win like Figma sets the bar high, the pressure on everything else intensifies.

And depending on what price they paid and what's in their portfolio, they are super stressed out right now because they don't see a path for their portfolio companies or a chunk of their portfolio companies to grow into the last round valuation. And so I think that is— and they're probably pretending that everything's fine, like, but inside they're like super stressed out. They're not sleeping.
Now, when— now, but, but of course, VCs have multiple bets. Found— I only get one bet in these. My VCs in Jackson Hole or wherever they're in Europe, they get to make 20 or 30 bets. Why? Why are they stressed? Because they've got a Figma in their portfolio. Why?
Well, I mean, Figma is a— we were talking about this earlier. I mean, it is the— it is the thing that you want as a venture investor. And I think there are a lot of really interesting lessons about that story.