logo
episode-header-image
Jul 2024
1h 6m

20VC: Why We Are in a Bubble & Now is Fr...

Harry Stebbings
About this episode

Saam Motamedi is a General Partner at Greylock, where he has led investments in Abnormal Security (incubated at Greylock), Apiiro Security and Opal Security, as well as AI companies like Adept, Braintrst, Cresta, Predibase, Snorkel, and more. Before Greylock, Saam founded Guru Labs, a machine learning-driven fintech startup, and worked in product management at RelateIQ, one of the first applied AI software companies.

In Today's Conversation We Discuss:

1. Seed Today is Frothier than 2021:

  • How does Saam evaluate the seed market today?
  • With seed pricing being so high, how does he reflect on his own price sensitivity? When does he say too much and does not do it?
  • Despite seed pricing being higher than ever before, why does Saam believe it is rational?
  • How has the competition at seed changed in the last few years?

2. Series B and Growth are not a Viable Asset Class Today:

  • Why does Saam believe that you cannot make money at Series B today?
  • Why has pricing gone through the roof? Who is the new competition?
  • When does it make sense to "play the game on the field" vs say this is BS and do something else?
  • What would need to happen in the public markets for Series B to be a viable asset class again?

3. Markets vs Founders: The Billion Dollar Mistake and Lessons:

  • How does Saam prioritise between founder vs market?
  • What have been Saam's biggest lessons when it comes to market sizing and timing?
  • What is Saam's biggest miss? How did it change his approach and company evaluation?
  • Which other VC would Saam most like to swap portfolios with? Why them?

4. Saam Motamedi: AMA:

  • What does Saam know now that he wishes he had known when he got into VC?
  • Saam has had a meteoric rise in Greylock, what advice does Saam have for those younger investors look to really scale within a firm?
  • Sourcing, selecting and servicing: Where is he best? Where is he worst?
  • Why does Saam believe that most VCs do not add value?

20VC: Why We Are in a Bubble & Now is Frothier Than 2021 | Why $1M ARR is a BS Milestone for Series A | Why Seed Pricing is Rational & Large Seed Rounds Have Less Risk | Why Many AI Apps Have BS Revenue & Are Not Sustainable with Saam Motamedi @ Greylock

Up next
Oct 6
20VC: Cerebras CEO on Why Raise $1BN and Delay the IPO | NVIDIA Showing Signs They Are Worried About Growth | Concentration of Value in Mag7: Will the AI Train Come to a Halt | Can the US Supply the Energy for AI with Andrew Feldman
Andrew Feldman is Co-Founder & CEO of Cerebras, building the world's fastest AI inference and training. Cerebras recently closed a $1.1BN Series G round at an $8.1 billion valuation, backed by top names including Fidelity, Atreides, Tiger Global, Valor Equity and 1789 Capital. Un ... Show More
1h 4m
Oct 3
20Growth: How to Use Influencers to Scale Growth Insanely Fast | How to Optimise User Onboaring for Growth | How the Best Growth Teams Create Organic Growth and Community | Why LTV/CAC Models are BS with Ketty Slonimsky
Ketty Slonimsky is Chief Growth Officer at Palta, the platform behind apps like Flo (the #1 female health app with 77M+ MAU), Simple, and Zing AI, where she leads a centralized growth function across the portfolio. She was previously first VP Product & Growth at HeliosX (£900M+ A ... Show More
1 h
Oct 2
20VC: Are Burn Multiples BS in an AI World | Sam Altman Needs $1TRN of Energy | Klarna, Figma, Stubhub, all Down: Are Public Markets Turning? | FiveTran and DBT: Is the Wave of Consolidation About to Begin?
AGENDA: 03:58 Understanding Burn Multiples and Capital Efficiency in an AI World 11:54 What Metrics Founders Need to Focus on in a World of AI 19:31 The Role of Kingmakers in Venture Capital: Harvey, Abridge, Profound 33:42 Klarna, Figma, Stubhub, all Down: Are Public Markets Tur ... Show More
1h 16m
Recommended Episodes
Jun 2024
Venture Capitalist Who Called 2021 “Everything Bubble” Thinks VC Valuations Are “Reasonable” | Fabrice Grinda, Super Angel Investor, on Geopolitical Threats, AI, and Yield-Bearing Stablecoins
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.Midas’ website: https://midas.app/Follow Midas on Twitter https://x.com/midasrwaFabrice Grinda’s website: https://fabricegrinda.com/Fabrice Grinda on ... Show More
1h 30m
Mar 2020
E1040: Figma CEO & Co-Founder Dylan Field shares insights on crucial moments in Figma’s creation, overcoming SaaS burnout, active vs. passive user-pricing, getting Greylock & Sequoia to invest after t
1:00 Jason intros Figma’s Dylan Field & Dylan explains why WebGL was crucial to Figma’s creation 7:09 Why ChromeOS is flourishing in schools 11:28 Who are Figma’s competitors & how do they compare 14:12 How does multiplayer mode work on Figma? 17:29 What does Figma charge, Dylan’ ... Show More
1h 22m
Jul 12
Palantir’s Explosive Growth: Is It the Next Nvidia?
In this insightful Market Mondays clip, hosts Rashad Bilal, Troy Millings, and crypto analyst Ian Dunlap dive deep into Palantir’s remarkable 78% surge year-to-date and discuss the company’s massive new $795 million federal contract. Is Palantir destined to be the next Nvidia, or ... Show More
6m 54s
Aug 17
Nasdaq’s Record Highs: Is the AI Boom Here to Stay?
In this Market Mondays clip, Rashad Bilal and Ian Dunlap break down the latest surge in the Nasdaq, which has just hit another record high. Is this the start of a long-lasting, AI-fueled bull run, or should investors brace for a pullback?Rashad cautions against wishing for a corr ... Show More
5m 26s
Feb 2025
Deep Dive: Big Tech’s $325 Billion CapEx Spending Spree
Big Tech is going all-in on AI, with a projected $325 billion in capital expenditures for 2025—but is it a smart bet? In this episode, we break down what CapEx is, why companies like Amazon, Microsoft, Google, and Meta are spending massive sums to build AI infrastructure, and how ... Show More
8m 33s
Feb 2025
How Based is Grok 3? + Robinhood CEO Vlad Tenev on Markets For Everything + Vibecoding 101
This week, Elon Musk brought a new chatbot into the crowded A.I. universe — Grok 3, the latest model from his company xAI. We break down how it compares with other leading models and what it reveals about Musk’s larger ambitions. Then, Vlad Tenev, the chief executive of the inves ... Show More
1h 11m
Sep 11
$46B of hard truths from Ben Horowitz: Why founders fail and why you need to run toward fear (a16z co-founder)
Ben Horowitz is the co-founder of Andreessen Horowitz, Silicon Valley’s largest and most influential venture capital firm, with over $46B in committed capital across multiple funds. He took Loudcloud public with just $2 million in revenue (dubbed “the IPO from hell”), sold it for ... Show More
1h 37m
Nov 2024
915. News: LATAM fintech is booming, Metrobank slapped with a hefty fine, and why Klarna chose NYC for its IPO
Join hosts Laura Watkins and Benjamin Ensor alongside some great guests as we look at the biggest financial services and fintech stories of the past week. Topics covered include: a LATAM fintech roundup featuring news from Nubank, Ualá, and Tako; Klarna announcing plans to IPO in ... Show More
1h 8m
Sep 18
Why experts writing AI evals is creating the fastest-growing companies in history | Brendan Foody (CEO of Mercor)
Brendan Foody is the CEO and co-founder of Mercor, the fastest-growing company in history to go from $1M to $500M in revenue (in just 17 months!). At 22, he is also the youngest American unicorn founder ever. Mercor works with 6 of the Magnificent 7 and all top 5 AI labs to help ... Show More
1h 6m
Feb 2025
To Grow Profitably, Take It Slow
Many companies, especially in the tech world, have come to embrace the idea of growth at all costs. But according to research from Gary Pisano, professor at Harvard Business School, most firms fail to consistently increase revenues and profits over the long term, adjusting for in ... Show More
30m 10s