20VC: The Venture Model is Broken | You Need to be Greedy and Selfish to Win Early Stage Investing | Why Margins Do Not Matter for Early-Stage Startups | The Growth Rate that is Required in a World of AI with Gili Raanan, Founder @ Cyberstarts
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No, I don't think it's going to work. I I think it's going to end up uh with some uh serious uh catastrophe for many of the players. The market is not balanced. A lot of that cash that's flowing into the market would be wasted. Venture is is a game.
You know, we know very little when we uh get into into investments. We need to be selfish and we need to be greedy. Those are good traits for an early stage uh investor. As an investor, you look at yourself and say, okay, I really fucked up. I'm not in a business of babysitting founders.
This is 20 VC with me, Harry Stebbings, and what a guest we have in the hot seat for you today, Gilly Renan, founder of Cyberstots and one of the most successful seed investors ever. In his 19 company portfolio of Fun One, check this out. He invested in a decacorn, Wiz. seven unicorns and he had three other companies acquired. That is an insane hit rate.
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