20VC: Postmates Founder Basti Lehmann on How the Uber Deal Went Down and How a $2.65BN Deal Turned into $5BN, Why Great VCs Add No Value and VC Value Add is BS Marketing & Why The Biggest Companies in History Will be Born Today and Replace Incumbents
This podcast episode explores the journey of Basti, the CEO of Postmates, and his experiences as a second-time founder. It delves into his childhood and the factors that shaped his entrepreneurial spirit, his early experiences with hacking and the internet, the wartime mode of Postmates, the acquisition of Postmates by Uber, the negotiation process, and the leadership style of Dara Khosrowshahi. The episode also touches on the pros and cons of being a second-time founder, the conviction level and decision-making process of Basti's new company, the anti-climatic experience of receiving money after selling a company, the speakers' perspectives on venture capitalists, the importance of aligning investors with a company's vision, and the future of computing and the role of large language models. It concludes with a discussion on the potential for incumbents to maintain their dominance in the AI industry and OpenAI's significance as a research company.
