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Oct 2023
27m 35s

20VC: NEW FORMAT: Harry Stebbings on Why...

Harry Stebbings
About this episode

Harry Stebbings is the Founder of 20VC, building the next great financial institution at the intersection of media and venture capital. 20VC has reached over 125M downloads in 100+ countries and has featured the likes of Doug Leone, Bill Gurley, Marc Benioff, Daniel Ek and more. On the investing side, Harry has raised over $400M and made investments in the likes of Pachama, Linear, TripleDot, Superhuman, AgentSync, Linktree, Sorare and more.

In Today's Episode We Cover:

  1. Are LPs Open for Business:

  • How has what LPs look for in new manager investments changed?
  • What type of funds will be able to raise? Which will not be able to raise?
  • What can managers do to significantly increase their chances of raising a new fund?

2. The Seed Investing Landscape: Harder Than Ever

  • Why is seed pricing as high as ever?
  • Why are multi-stage funds more active in seed than ever? How does this impact seed?
  • How will seed change and evolve over the next 6-12 months?

3. Series A + B: The Best Place to be Investing

  • Why is Series A the best risk/reward insertion point when investing today?
  • How has the competition level at Series A and B changed?
  • What do many people not see or know about this stage of the market today?

4. Is Growth Dead: Are Growth Deals Getting Done:

  • What two core elements are needed if you want to raise a growth round today?
  • How have growth round valuations been impacted over the last 12 months?
  • To what extent do founders need to change their expectations on the price of rounds they will be able to get done today?

5. M&A and IPOs: Tough Times Ahead

  • Why will we see continued low levels of activity in M&A markets?
  • What acquisitions are we seeing take place?
  • When will the IPO window crack open?
  • Why were Klaviyo, Instacart and Arm not enough to open the windows?

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