Ev Randle is a General Partner @ Benchmark, one of the best funds in venture capital. In their latest fund, they have Mercor ($10BN valuation), Sierra ($10BN valuation), Firework ($4BN valuation), Legora ($2Bn valuation) and Langchain ($1.4Bn valuation). To put this in multiples on invested capital, that is a 60x, two 30x and two 20x. Before Benchmark, Ev was a Partner @ Kleiner Perkins and before Kleiner, Ev was an investor at Founders Fund and Bond.
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Timestamps:
00:00 Intro
01:46 Biggest Investing Lessons from Peter Thiel, Mary Meeker and Mamoon Hamid
14:07 OpenAI Will Be a $TRN Company & OpenAI or Anthropic: Who Wins Coding?
24:12 Why We Should Not Focus on Margin But Gross Dollar Per Customer
30:41 Why AI Labs are the Biggest Threat to AI App Companies
41:15 Do Benchmark Fire Founders? If so… Truly the Best Partner?
55:48 People, Product, Market: Rank 1-3 and Why?
59:14 Why the Mega Funds Have Just Replaced Tiger
01:04:33 GC, Lightspeed and a16z Cannot Do 5x on Their Funds…
01:22:10 Single Biggest Threat to Benchmark
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