20VC: Why the SaaS Apocalypse is BS | Why China Will Win the AI War | Why 50% of VCs Should Not Exist and are Tourists | Why Stock-Based Comp is the Hidden Sin of the Valley with Mitchell Green, Lead Edge Capital

Mitchell Green of Lead Edge discusses investment strategies amidst market volatility, emphasizing the importance of earnings and disciplined pricing. Green highlights the potential of AI, particularly in China, where he believes Bytedance is a leading AI company. He advises against underestimating Chinese ingenuity in technology. The conversation covers the disruption of incumbents by tech-enabled services, especially those with leverage hindering innovation. Green also touches on the casino-like behavior in public markets, advocating for buying fundamentally sound businesses and focusing on gross dollar retention as a key metric for evaluating SaaS companies. He stresses the need for venture firms to prioritize returning capital to LPs and being wary of inflated valuations.