Craft Ventures: VC vs PE: What's the right framework for thinking about your startup?

Рет қаралды 17,193

Күн бұрын

David Sacks runs through a hypothetical example of a cram down round to illustrate the framework startups in today's economy should use to think about operating efficiently and raising their next round.
0:00 Introduction
2:25 Hypothetical example based on a real company
5:12 What does a "cram down round" look like?
7:08 Incentives diverge between investor types
10:07 Exit opportunities outlined
17:03 How did this happen? The turning point, the point of recognition & common mistakes
22:45 VC vs PE mindset
24:20 New standards for VC eligible startups
27:25 Q&A

Пікірлер: 16

@robinle8770 11 ай бұрын

who's here after all-in pod?

@mapalochansa9965 11 ай бұрын

@jjeremycai 11 ай бұрын

👋

@ripcity921 11 ай бұрын

Me. Your comment has 34 Likes. I thought it’d be more like 34k. Makes me feel elite.

@robsmith6960 11 ай бұрын

Yes!!

@robsmith6960 11 ай бұрын

This was a such a useful discussion, i've listened through 3x 🙌 I'd love to hear a similar sort of discussion for early stage start ups at pre-seed.

@will_h4 11 ай бұрын

Thanks to David and the Craft team for this info - I appreciate you sharing your wisdom!

@MoaazAhmad 11 ай бұрын

Great insights into PE vs VC and how to think about burning vs conserving in a downturn environment. Came here from the All In podcast.

@nickbenson6310 10 ай бұрын

Big fan - Love the new hair on the All In Pod. Looking great brother!

@kakazazz8101 11 ай бұрын

this is really informative! thanks a lot

@jamesshields9079 11 ай бұрын

So good I'm going to watch it again

@KG-yc6cl 8 ай бұрын

Its crazy that this type of information is just floating around on the internet with no one paying attention to it

@Yamamma8 11 ай бұрын

I remember you guys mentioning a story on the pod where a guy bought a bunch of cheap common secondary shares because upon IPO the shares are all treated the same. My thesis then for a fund would be to buy a bunch of super cheap common secondaries from companies whose founders/employees believe they’ve been crammed down and want to exit for at least .40 on the dollar. One of those may actually pop off and make the fund? 🤷 Cram Fund I LLC

@ryangerhardy918 11 ай бұрын

Curious about an interim position, not VC and not PE but growth equity investors. I am seeing aggressive interest with metrics in between the good and great categories from growth equity investors that do not require profitability like PE or >100% growth like top tier VCs.