The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: How We Made $800M on Coursera | We Lost Money on Uber and Made Money on Lyft | We Did 3x on Postmates in 18 Months | DPI is King, MOIC is BS | We Dodged Theranos and I Still Lost Millions with Larry Aschebrook @ G Squared
201 snips
Jun 16, 2025 AI Snips
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Transcript
Episode notes
Chasing Multiples on 23andMe
- Larry invested heavily in 23andMe during the SPAC craze but chased multiples and failed to sell at the right time.
- The position lost significant value, teaching him to implement stronger guardrails to avoid chasing price bubbles.
The Getir Fighting Mistake
- Larry invested $50M initially in Gorillas, then committed $100M more trying to restructure amidst turmoil.
- His persistence came from a fighter mentality but he calls it a monumental mistake with large losses for LPs.
Quick 3X on Postmates
- Larry made a 3X on Postmates within 18 months by trusting their founder and acting quickly.
- Their co-PM led the transaction which turned into one of their biggest quick wins.