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Benchmark GP, Victor Lazarte: The 3 Traits All the Best Founders Have

Victor Lazarte is a General Partner @ Benchmark, one of the mot renowned venture firms in the world. At Benchmark, Victor has led deals into the likes of HeyGen and Mercor. As an angel, he was the first investor and board member of Brex, and as a Founder he scaled Wildlife Studios, bootstrapping into the largest gaming company in LatAm, with about 4 billion downloads. ---------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:03 Lessons Scaling Wildlife Studios to 4BN Downloads 04:14 Why Predicting the Future is Wrong When Starting a Company 08:30 Three Different Categories of Company in an AI World: Who Wins & Loses? 18:38 Two Traits That All the Best Founders Have? 19:27 Why You Should Always Ask What a Founder Does in Their Free Time? 23:22 Why If You Start a Company in SF You are 1,000x More Likely to be Successful? 28:02 Why Spreadsheet SaaS Investing is Dead 30:14 Why Knowledge Work Will Be Destroyed and What Happens Then? 39:41 Why Replacing Humans is the Most Exciting Opportunity in AI 43:44 China vs. US: The AI Race 49:44 Why All Students Today Should Study Computer Science 01:05:22 Why Portfolio Construction is BS 01:07:48 Quick-Fire Round 01:08:15 What Makes Peter Fenton One of the Best Ever 01:09:48 Why Duolingo Will Be One of the Most Valuable Companies in the World ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on X: https://twitter.com/HarryStebbings Follow Victor Lazarte on X: https://twitter.com/victoralazarte Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #20vc #harrystebbings #victorlazarte #gp #benchmark #founder #lessons #peterfenton #ai #futureofai #computerscience

Victor LazarteguestHarry Stebbingshost
Apr 14, 20251h 12mWatch on YouTube ↗

CHAPTERS

  1. 0:00 – 1:03

    Intro

  2. 1:03 – 4:14

    Lessons Scaling Wildlife Studios to 4BN Downloads

  3. 4:14 – 8:30

    Why Predicting the Future is Wrong When Starting a Company

  4. 8:30 – 18:38

    Three Different Categories of Company in an AI World: Who Wins & Loses?

  5. 18:38 – 19:27

    Two Traits That All the Best Founders Have?

  6. 19:27 – 23:22

    Why You Should Always Ask What a Founder Does in Their Free Time?

  7. 23:22 – 28:02

    Why If You Start a Company in SF You are 1,000x More Likely to be Successful?

  8. 28:02 – 30:14

    Why Spreadsheet SaaS Investing is Dead

  9. 30:14 – 39:41

    Why Knowledge Work Will Be Destroyed and What Happens Then?

  10. 39:41 – 43:44

    Why Replacing Humans is the Most Exciting Opportunity in AI

  11. 43:44 – 49:44

    China vs. US: The AI Race

  12. 49:44 – 1:05:22

    Why All Students Today Should Study Computer Science

  13. 1:05:22 – 1:07:48

    Why Portfolio Construction is BS

  14. 1:07:48 – 1:08:15

    Quick-Fire Round

  15. 1:08:15 – 1:09:48

    What Makes Peter Fenton One of the Best Ever

  16. 1:09:48 – 1:12:26

    Why Duolingo Will Be One of the Most Valuable Companies in the World

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