20VC: How We Made $800M on Coursera | We Lost Money on Uber and Made Money on Lyft | We Did 3x on Postmates in 18 Months | DPI is King, MOIC is BS | We Dodged Theranos and I Still Lost Millions with Larry Aschebrook @ G Squared | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch | Podwise
20VC: How We Made $800M on Coursera | We Lost Money on Uber and Made Money on Lyft | We Did 3x on Postmates in 18 Months | DPI is King, MOIC is BS | We Dodged Theranos and I Still Lost Millions with Larry Aschebrook @ G Squared
In this episode of 20VC, Harry Stebbings interviews Larry Aschebrook, founder of G Squared, about his journey in venture capital, starting from fundraising for academic institutions to managing over $5 billion in assets. Larry shares his early investments in companies like Twitter, Uber, and Spotify, as well as the challenges and losses he faced with companies like Theranos and Gettier. He discusses his investment strategies, the importance of generating quick returns for LPs, and the evolution of his firm's approach to direct secondary buying. Larry also reflects on mistakes made during the 2020-2021 period, emphasizing the need for guardrails and a focus on data-driven decisions. He touches on the current AI landscape, his investment in Anthropic, and his views on liquidity and firm building.
