5 clips
EEUVC
Glovo founder Sacha Michaud reveals the uncomfortable truth about founder-VC alignment during exit decisions. He explains how VCs' primary obligation to generate returns for their LPs can create misaligned incentives with founders, particularly around timing and exit strategies.
Sacha Michaud reveals a critical founder insight about VC incentives during exits. He explains how VCs often prefer to swing for IPOs rather than acquisitions because it delivers better returns for their funds, creating potential misalignment with founders who might benefit from earlier exit opportunities.
TThe Full Ratchet
A VC discusses how platform value can trump pure financial terms in winning deals, with founders choosing investors based on access to their platform rather than just the highest valuation. The speaker highlights how one fund has systematized this approach by institutionalizing exit partnerships as part of their regular company review process.
RRiding Unicorns · Lee Veitch
Lee Veitch reflects on SuperAwesome's acquisition by Epic Games after 13 years of building the company. He explains why Epic was an ideal buyer, praising their principled approach to business and willingness to stand up to big corporations.
A Mayfield partner shares the painful lesson of watching entrepreneurs refuse to sell during a bubble, missing what could have been venture capital history. Despite recognizing unsustainable valuations and advising an exit, the investor supported the founders' decision to keep building rather than take the off-ramp.