20VC: Turning $16.5M into $2.1BN; Lessons from the Greatest Venture Investment in European History: UiPath | Why VC is Not Being Commoditised | Why Price Does Not Matter | Lessons on Loss Ratio, Selling and Signalling with Cem Sertoglu
In this episode of the 20VC podcast, venture capitalist Cem Sertoglu shares his insights, drawing from his early investment in UiPath, which achieved an impressive 20x return. The discussion delves into key topics in venture capital, such as navigating market cycles, selecting the right founders, understanding valuation complexities, and the importance of a long-term investment strategy. Cem highlights the critical need for alignment between founders and investors, the value of patience, and the cyclical nature of market trends. He reflects on his journey with UiPath, noting the initial doubts about the company that eventually turned into significant success. The conversation also emphasizes the importance of recognizing regional differences in venture investing and maintaining a long-term perspective.