Sequoia & Union Square Returns, the Post-AI Labor Market, and the Return of SF? | E1907

20 snips

Mar 1, 2024

Guest

Guy Perelmuter

Guest

Erik Torenberg

Erik Torenberg, co-founder of On Deck, and Guy Perelmuter, founder of Grids Capital, join the discussion. They dive into the latest venture capital returns from Sequoia and Union Square, analyzing how these shifts impact the startup landscape. The duo also addresses the effects of AI on employment and the emergence of lean, one-person unicorns. Lastly, they highlight the return of founders to San Francisco, emphasizing community and innovation as driving forces in the evolving tech hub.

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ANECDOTE

Union Square Ventures' Success

Union Square Ventures' 2012 fund achieved a 22x return, likely due to Twitter.
This demonstrates the power law in VC, where a few big wins drive most returns.

ADVICE

Analyzing VC Performance

Analyze VC performance by focusing on fully realized funds (7-10 years old).
Newer funds' performance data is less meaningful due to the J-curve effect.

ADVICE

Choosing VC Managers

Choose VC managers you'd want to work with as an entrepreneur.
Focus on managers who consistently attract top entrepreneurs in their target sectors.

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