It’s Just Better If Your VCs All Trust Each Other (Updated)
You’re life as a founder will be from 5%-50% easier if your VCs all trust each other It’s at least worth trying to end up with a syndicate like that — Jason ✨Be Kind✨ Lemkin 🇮🇱 (@jasonlk) December 20, 2023 I’ve been investing long enough — since...Dear SaaStr: We Just Raised a VC Round. Now Everyone Wants Big Raises. What Do I Do?
Dear SaaStr: As the CEO of a startup, what should I tell my employees who keep asking for raises after they realized we just raised a new round of funding? Two meta-thoughts: First, you have to decide if you are going to “hold the line on burn” after a fundraising. If...Look, No VC Wants to Fund a Startup With So-So Growth. Except Maybe Your Existing Investors.
Ok some of this post I’d hope would be blindingly obvious. But it isn’t, so I’m going to try to help by being brutally direct: No VC on Planet Earth Wants to Invest in a Startup with Mediocre Growth None. No one. Zero. I can’t tell you how...A Low Burn Multiple is Great. But — It Doesn’t Mean You Won’t Run Out of Money.
David Sacks’ classic post on Burn Rate Multiple is A+ and a key metric for every venture-backed startup. It simplifies a lot of complexity into one metric. That if you’re venture-backed, then yes you do have money to spend (and burn) — up to a...Dear SaaStr: Do You Have To Be Rich To Join a VC Firm As a VC?
Dear SaaStr: Do You Have To Be Rich To Join a VC Firm As a VC? No, you do not. This is a common misunderstanding. It may even be a negative to be truly rich when you join a VC firm. First, you do have to invest a lot of your own money to be a true partner into the...Raising Venture Capital in 2024? The Air is Very, Very Thin Above $200,000,000 Valuations
If I had to summarize venture capital today, it would be like this: There is Very Little Oxygen Today Above $200m Valuations What do I mean? It’s still a weird world in venture: Firms are both shutting down and raising new funds. More entrepreneurs are doing direct...The Future of B2B SaaS Investing with G2, Accel, Salesforce, Inspired Capital and SaaStr
G2 had us back for another great deep dive on just where SaaS investing is there days, and it was a great panel: Accel Partner Arun Mathew Inspired Capital Founder & Managing Partner Alexa von Tobel Salesforce Ventures Managing Partner Paul Drews and Jason Lemkin!...Dear SaaStr: What Advice Do You Have For a First-Time VC?
Dear SaaStr: What Advice Do You Have For a First-Time VC? My advice is hard learned, and pretty contrary to what you’ll be told. YMMV. So many mistakes you'll look back in VC But the #1 you'll probably regret was letting those founders leave the room,...The State of SaaS: Stalled Growth is Starting to Rebound with Altimeter Capital Partner Jamin Ball
Jamin Ball, Partner at Altimeter Capital and author of Clouded Judgement, takes us through the current state of SaaS and what we should expect in 2024.