The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC Exclusive: Roy Bahat on Bloomberg Beta's New Fund, The Truth About Valuation That Very Few VCs Will Tell You & Why Founders of Venture Backed Startups Make The Best Angels
Oct 18, 2019
Roy Bahat, Head of Bloomberg Beta, shares insights from his eclectic career that spans venture capital, government, and entrepreneurship. He discusses the launch of his new fund, emphasizing the evolving wants of founders from their VCs. Roy explores the delicate dynamics between investors and entrepreneurs, stressing the significance of trust and transparency. He also highlights the increasing trend of founders becoming angel investors, providing unique perspectives in the venture landscape. Tune in for his thoughts on valuation misconceptions and fostering supportive partnerships!
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Up Rounds and the Greater Fool Dynamic
- Continuous up rounds can be driven by a "greater fool" dynamic, relying on later investors for inflated valuations.
- This strategy might not be sustainable in a less robust market.
Early-Stage Boards
- Early-stage boards can be inefficient, so consider alternatives like frequent informal check-ins.
- Later-stage boards become more crucial for governance as company decisions become more complex.
Learning from Alfred Lin
- Observing Alfred Lin's approach at Sequoia highlights the power of a culture focused on expecting greatness.
- This expectation drives high performance and ambitious goals.
