"Turpentine VC" | Venture Capital and Investing

E26: Insights from IVP: Inside One of Silicon Valley’s Best Growth Firms

9 snips
Feb 13, 2024
Somesh Dash, General Partner at IVP, discusses how IVP differentiates itself, winning late stage deals, team construction, venture capital in 2024 resembling private equity in 2008, and the future of IVP.
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ADVICE

Prioritizing Conviction

  • Focus on aligning with founders on their needs and shared vision for the company's future.
  • Conviction in a founder and company is more important than valuation.
ANECDOTE

Missed Facebook Opportunity

  • Somesh Dash recounts missing the opportunity to invest in Facebook's Series C due to lack of conviction.
  • The Facebook team recognized IVP's hesitation, highlighting the importance of conviction in decision-making.
INSIGHT

Later-Stage Founder Needs

  • Later-stage founders prioritize scaling their teams, acquiring enterprise customers, and refining their strategies.
  • They also seek support in leadership development, executive recruiting, and navigating the complexities of growth.
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