Harry Stebbings (@harrystebbings) 's Twitter Profile
Harry Stebbings

@harrystebbings

🎤 @twentyminutevc, 🏦 @20vcfund, @projecteurope_😇 @perplexity_ai @linear @11x_official @tripledotgames @lovable_dev @nexhealthhq @mercor_ai @getcaptionsapp

ID: 3253629143

linkhttps://linktr.ee/20vc calendar_today14-05-2015 11:36:22

30,30K Tweet

273,273K Followers

360 Following

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10 years ago one of the most prominent VCs in the world told me: “Harry, this podcast thing and VC, it’s not a thing.” That one aged well….

Harry Stebbings (@harrystebbings) 's Twitter Profile Photo

You cannot do venture today if you do not do pre-seed. Signals are clearer than ever. Access is harder than ever. If you don’t have pre-seed, you won’t win the next generation of venture. Hence, all mega platforms do pre-seed.

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In venture today you have to play one of two games and be very deliberate in choosing: 1. Mega Platform: You need $5BN+ and you are in every $100BN+ outcome at some stage with large checks. 2. Boutique: Sub $500M, where 10-15% on $3-6BN outcome returns the fund. Choose.

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So many young people talk about wanting to win and succeed. But when it comes down to the endless late nights, working weekends, sacrifices to be made, they aren’t willing to do what it takes. The work you do in private is the work you are rewarded for in public.

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After the deployment period for 20VC Fund I, I did an analysis of portfolio. I predicted the top 5. Three years later, not one of the top 5 is as predicted. The true value from seed is always the messy middle.

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When you solely focus on founder, like solely focus on them. The first meeting they have with you will be so fundamentally different from any other investor meeting they will have. That is a mega competitive advantage and a way better founder experience.

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Venture capital has transitioned from a high-margin boutique business to a low-margin commoditised industry. There is no going back.

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One of the best-performing companies of the last 12 months: Duolingo. 📈 Market cap soared from $8.35B to $22.1B (164% increase) 👥 Daily active users jumped from 28M to 46.6M (66% increase) 💰 Revenue up from $748M to a projected $996M EOY 2025! I have their co-founder,

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Enterprise founders: When you lose a deal to a competitor. Ask the lost customer, what was the name of the rep that you chose instead. Go hire that rep. Winners win.

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90% of venture investors are chasing one of two things: 1. Wealth/cash/financials 2. Relevance The truly happy ones chase neither. There are very very few truly happy ones.