Welcome to Billion Dollar Bite!
Between the SVB collapse (and now First Republic Bank on the edge, with stock now down 95% for the year to date!), ChatGPT taking over and the “SAAS-cre”, where valuations of Software-As-A-Service companies have taken a dive, for some, as high as 60%; it’s been a lot.
A question that I get asked in this environment is: how will we find outliers?
My answer: surface the unexpected leaders. The ones who have been underestimated, who may not come from a “cookie-cutter”, but are not afraid to be the first & only in many rooms, who know that rejection is part of the process and remain grounded to their vision, even if others don’t see it yet.
But don’t only take it from me! Tune in to what unicorn funder, Cathy Gao, Partner at Sapphire Ventures and unicorn founder, Jack Smith, who sold Vungle for about $780M have to say.
Full episodes:
Jack Smith “SOLD MY STARTUP FOR $780M: Good, bad, ugly”: https://spoti.fi/420sqgL
Cathy Gao “ENTERPRISE EATING THE WORLD: https://spoti.fi/3NeWcu9
