So Harry Stebbings was kind enough to have us back in the new group format on 20VC with 2 of the legends in seed investing, Eric Paley of Founder Collective and Mike Maples of Floodgate:
While both aren’t pure SaaS investors, they’re both in the top 1% (!), with investments in The Trade Desk, Okta, Airtable, Slack and much more!
In Today’s Episode on Is the Venture Model Broken? :
- Is the classic seed model dead? Can seed funds play in a world of $25M valuations?
- Why is having a firm grasp of the present the best thing an early-stage investor can have?
- Why does Mike Maples believe no company with true product-market-fit has ever failed?
- Why does Eric Paley believe “go faster” is the worst startup advice?
- Why does Mike Maples believe there is a direct relationship between price and risk?
- Why does Mike Maples believe that outliers by their very nature are lower priced?
- Why does Eric Paley not focus on ownership? Why can it be dangerous?
- What are the biggest risks for founders raising at valuations that are too high?
- Why does Eric Paley believe we will have the biggest chasm between TVPI and DPI in the prior vintage of venture capital returns?
- Why does Eric believe the majority of SPACs were BS and great companies can always go public?
- Why does Jason believe that if multiples do not reflate, the venture model is broken?
- Why does Jason believe we will see the biggest hiring spree in tech next year?
- How has illiquidity allowed Eric Paley to make some of the best investment decisions?
- What is Mike Maples biggest lesson from selling Twitter stock early at $1BN?