Miles Clements is a Partner @ Accel where he helps to lead their growth fund. At Accel, Miles has led or invested in Atlassian, Cursor, Linear, and more.
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In Today’s Episode with Miles Clements:
0:00 – Intro
0:59 – Where is True Alpha and Value in a World of AI
2:39 – Why it is Total BS that Cursor is Dead
7:03 – Why Cursor Were Not Wrong to Build Their Own Models
7:43 – What is the Upside When Investing in Cursor at $27BN?
14:11 – Do Sub $10BN Outcomes Even Matter to a Fund the Size of Accel?
16:04 – Losing ServiceTitan: Investing Lesson Learned…
19:55 – Missing Rippling: What We Learned
29:12 – What is Accel’s Win Rate
31:59 – How VCs Approach Ownership Has Changed
37:21 – Does Miles Feel Happier or Sadder to be an Anthropic Investor Post Pentagon Debacle
39:33 – What Happens to Companies Like Miro and Snyk with High Prices to Live Up To?
41:01 – Why it is a Great Time to Be Thoma Bravo and Vista
41:39 – Why Founder-Led Companies Are Always Better
44:43 – Why Would Any Founder Go Public Today
47:14 – When is the Right Time to Take Chips Off The Table?
49:57 – Should VC Firms Have Evergreen Funds and Be Responsible for Public Positions
54:53 – You Can Pick Any VC to Join Accel, Who Does Miles Choose…
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