Roundtable #5 with Jack Altman, Auren Hoffman, Jason Lemkin, Harry Stebbings | E1077

ℹ️ EPISODE INFO

Released

November 3, 2023

Duration

57m

Channel

The Twenty Minute VC

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Every single 20VC episode is recorded with Riverside.FM. It is the one product that I could not live without. Try it today here (https://creators.riverside.fm/20VC) and use the code 20VC for 15% off. ----------------------------------------------- Jack Altman is the Founder and CEO @ Lattice, the #1 people management platform, last valued at $3BN. Jack is an investor through his founding of Jack Altman Capital where he has invested in WorkOS, NexHealth, Owner.com, Mercury and more. Auren Hoffman is the Founder and CEO @ Safegraph, the most accurate database of global points of interest, last valued at $550M. Auren is an investor through his founding of Flex Capital where he has invested in Chime, Checkr, Coinbase, Flexport, Vercel and more. Jason Lemkin is the Founder and CEO @ SaaStr, the world’s largest SaaS community. Jason is an investor through his founding of The SaaStr Fund. In the past, Jason has invested in Pipedrive, Algolia, Salesloft, Front, GreenHouse, Owner.com, Gorgias and more. ----------------------------------------------- (00:00) Intro (02:15) Founder Dynamics (13:14) Operational Experience and Investment Acumen (23:09) Venture Capital and Investor Roles (34:12) LPs and Investment Innovation (36:14) Side Projects and Team Dynamics (42:39) Retention and Company Culture (44:47) Scaling and Fund Management (58:36) The Bet ----------------------------------------------- In Today’s Episode We Discuss: Why have we seen the rise of “Founder-led Funds”? Are founder-led funds more empathetic to the founders they invest in? How do founder-led funds source and pick investments in a way that traditional VC does not? Will we see founder-led Funds truly compete against the Sequoias of the world? How does being an operator make you a better investor? How does investing help you be a better founder and operator? How do you communicate your investing practice and firm to your company and team? What are the biggest excitements and concerns LPs have for Founder-led Funds? Will we see the face of venture changing much more broadly and structurally? How do founder led funds manage both time and company conflicts? --------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZ... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Harry Stebbings on Twitter: / harrystebbings Follow Jason Lemkin on Twitter: / jasonlk Follow Jack Altman on Twitter: / jaltma Follow Auren Hoffman on Twitter: / Auren Follow 20VC on Instagram: / 20vc_reels Follow 20VC on TikTok: / 20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/con... ------------------------------------------- #VentureCapital #JasonLemkin, #JackAltman, #AurenHoffman #HarryStebbings

🎤 SPEAKERS

• Harry Stebbings

  host

• Jason Lemkin

  guest

• Auren Hoffman

  guest

• Jack Altman

  guest

• Narrator

  other

🧾 EPISODE SUMMARY

In this episode of The Twenty Minute VC, featuring Harry Stebbings and Jason Lemkin, Roundtable #5 with Jack Altman, Auren Hoffman, Jason Lemkin, Harry Stebbings | E1077 explores founder-led funds, dual-role CEOs, and the evolving venture playbook The roundtable explores why founders increasingly seek founder-led funds, debating whether operating experience and active company building make for better investors or simply different ones. The guests contrast traditional VCs with “dual-threat” CEOs who both run companies and manage funds, discussing brand, tactical value, governance, and how up-to-date operational knowledge matters. They dig into trade-offs: time allocation, whether investing makes you a worse operator, how much founders should work outside their startup, and if founder-CEOs should be replaced more often. The conversation closes on fund scaling limits, LP appetite for differentiated managers, and how founder-led investors tend to give tougher but longer-term helpful feedback than conventional VCs.

🔗 RELATED EPISODES

Inside Legora: Jude Law Generated $50M Pipeline | Are They Undervalued at $5.5BN? | Patrick Forquer

Cliff Weitzman: What I Learned from 100 of the World’s Top CEOs & Why Tokens Will Outspend Salaries

Shopify CEO on How AI is a Scapegoat for Mass Layoffs & Trump Derangement Syndrome in Canada

Inside Clay's Sales Playbook | Becca Lindquist

Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996

Tom Hulme & Stan Boland: Lessons from Jensen Huang & How to Fix the UK Tech Ecosystem