Investors' Principles of Silicon Valley Taught in Stanford MBA | Ilya Strebulaev

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

ความคิดเห็น • 137

  • @entreprenuership_opportunities
    @entreprenuership_opportunities  หลายเดือนก่อน +2

    What are the key factors needed to become a unicorn? We’re sharing Professor Ilya’s latest research!
    Check out the through the link 🦄: www.patreon.com/theventuremindset

  • @NanheeByrnesPhD
    @NanheeByrnesPhD 5 หลายเดือนก่อน +471

    My impressions, based on anecdotal stories from those who've sat across the table from VCs, paint a quite different picture. Contrary to being visionaries with a 'prepared mind' for future innovations, willing to strike out in the ambition of hitting home runs, VCs are often driven by herd mentality, preferring to be second backers rather than first. They're frequently motivated by FOMO (Fear of Missing Out), chasing hot sectors regardless of long-term viability. Instead of being open to cold calls from innovative founders, many VCs rely heavily on their networks for investment opportunities, potentially missing out on groundbreaking ideas.

    • @edgaremmanuel4647
      @edgaremmanuel4647 5 หลายเดือนก่อน +16

      You make an absolutely great point 👌.
      Do you think this behavior is due to the fact that for them it's less riskier backing an idea that hasn't gained enough traction like: subsequent fund rounds, revenue, solid customer base etc?
      Also its Validation when you raise money with other vcs. Like I've listened to founders who raise money, not because they need it but just validate the inner feeling they are headed in the right direction.

    • @edgaremmanuel4647
      @edgaremmanuel4647 5 หลายเดือนก่อน +10

      Thats why most pre-seeds are by angel investors and/ incubators like first round capital.
      Id love your opinion 😊
      I recently came across this year's YC batch class and most of it were AI companies so it leans to FOMO narrative

    • @dinoscheidt
      @dinoscheidt 5 หลายเดือนก่อน +10

      Nanhee is correct, however, as someone who also set on that table, including the other side: A VC has their LPs in mind. These LPs are also just humans, prone to tribal thinking, heuristics and agendas. So paradoxically it is absolutely logical, to take start-ups that fulfill that “buzzword, FOMO, hype” train, because that is also what the LPs signed up for. And these LPs, they get the money from the market. And there, the consumer buys “AI” ETFS and “emerging tech” indices. It goes round and round. The frontal lobe in the human brain is very young… so as a logical thinking human, it is illogical to expect humans to behave logically. If you deal with humans, even great ideas need to go through a tribal, trust and emotional filter…. A realization I as a nerd had a hard time with, but it can also be ridden like a wave 🌊❤

    • @alvarojneto
      @alvarojneto 5 หลายเดือนก่อน +1

      This doesn't actually seem fair. Both pictures are not necessarily in contradiction. One must be able to weed out the noise, too.

    • @PlasticCant
      @PlasticCant 5 หลายเดือนก่อน

      And they bias towards backing stereotypes of founders.

  • @ndotnanda
    @ndotnanda 5 หลายเดือนก่อน +86

    "Become a failure champion" - Great advice and motivation

    • @kokits
      @kokits 4 หลายเดือนก่อน +1

      i sense a gambler here

    • @ANA-db9yn
      @ANA-db9yn 2 หลายเดือนก่อน +2

      😂😂

  • @vcsyc5490
    @vcsyc5490 5 หลายเดือนก่อน +23

    when you shortlist startups and invest in them, and you make
    homerun on 1 out of 20:
    1. in world of finance its called persistence
    2. in world of regular people its called gamble.
    thats because regular people cannot afford to make so many unsuccessful investments before one hits homerun.

  • @johanngross6953
    @johanngross6953 5 หลายเดือนก่อน +42

    "To achieve home runs, you need to fail" - Ilya Strebulaev
    Thank you for the great interview!

  • @WealthyChronicle
    @WealthyChronicle 17 วันที่ผ่านมา

    The 'prepared mind' concept is gold. Preparation isn’t luck-it’s strategy, and strategy wins in the end. Being ready to pivot at the right moment is crucial. 🧠✨

  • @sitrakaforler8696
    @sitrakaforler8696 5 หลายเดือนก่อน +13

    00:01 Venture Capital is not a gamble
    02:02 Successful VC firms excel in making high-return investments over time
    03:56 Los inversores de riesgo se centran en el éxito a largo plazo, no en el fracaso a corto plazo.
    05:40 La importancia de experimentar, fallar y perseverar en la búsqueda de jonrones en la vida.
    07:32 La importancia de tener una mente preparada en el mundo de la inversión en Silicon Valley
    09:26 Venture capitalists use fast and slow lanes to filter deals.
    11:23 La importancia de construir un informe inteligente sobre tu startup
    13:28 Key principles for pitching to investors
    15:26 Fracaso constructivo ayuda a aprender y mejorar

  • @PlasticCant
    @PlasticCant 5 หลายเดือนก่อน +43

    He’s not accounting for survivorship bias.
    For example, in that lottery analogy, even if someone wins twice, it’s still the lottery. You shouldn’t expect them to be more statistically predisposed than most people to winning a third time.

    • @kawabunga1029
      @kawabunga1029 2 หลายเดือนก่อน

      Great point, my friend!
      I remember a man named Richard Lustig who has won lotteries ~7 times and even wrote a book about how to increase your chances of winning the lottery. However, he apparently uses a lot of his winnings to purchase more lottery tickets. Depending on how you see it, you could position that as a great strategy, or just call it obvious...
      That said, I do think that looking at the lottery analogy with this info about Lustig works perfectly with what Ilya Strebulaev said about VCs looking only at home-runs and not at failures.

    • @rakeera
      @rakeera 13 วันที่ผ่านมา

      But there is learning effect playing a role

  • @Selftaughtdad
    @Selftaughtdad 5 หลายเดือนก่อน +66

    So go to Stanford mba -> become a VC -> invest in juciero -> fail because you didn’t realize you don’t need the $400 machine to squeeze and apple sauce packet that children can do such like their kids size yogurts. Awesome, great advice

    • @davidc4408
      @davidc4408 5 หลายเดือนก่อน +8

      Skip the over priced MBA. Do a specialized MAsters

    • @gerrythomson5482
      @gerrythomson5482 หลายเดือนก่อน +1

      ​@davidc4408 How do you do that?

  • @thyagarajesh184
    @thyagarajesh184 5 หลายเดือนก่อน +28

    This theory of venture capital is all fascinating. But in real.. just talk to a few investors. It is a very difficult business; extremely stressful.

  • @apex-lazer
    @apex-lazer 5 หลายเดือนก่อน +5

    I am now ready to subdue the universe ❤

  • @jimparker880
    @jimparker880 5 หลายเดือนก่อน +8

    Thank you Professor!

  • @sputnik8543
    @sputnik8543 5 หลายเดือนก่อน +3

    Power Law Distribution is all you need to know about VCs

  • @whoadog8725
    @whoadog8725 2 หลายเดือนก่อน

    A great example of what Nassim Taleb calls IYI.

  • @sandeshchahar8447
    @sandeshchahar8447 5 หลายเดือนก่อน +9

    Thank you so Professor Ilya Strebulaev for sharing your experience and wisdom with us I learn a lot from this video.

  • @HassanAmin77
    @HassanAmin77 3 หลายเดือนก่อน +3

    How many or what percentage of top VCs are Stafford MBAs or MBAs from any of the top business schools ?

  • @siddarthseloth6250
    @siddarthseloth6250 5 หลายเดือนก่อน +12

    Thank you @EO, for this amazing video, by Professor Strebulaev. Amazing lesson

    • @santiagomerlot
      @santiagomerlot 5 หลายเดือนก่อน

      yes..my thoughts exactly.

  • @bigbawsdogg
    @bigbawsdogg 5 หลายเดือนก่อน +21

    I would avoid taking advice from someone whos never been a venture capitalist or worked for a startup

    • @PatrickDwyer-k9u
      @PatrickDwyer-k9u 5 หลายเดือนก่อน +1

      It is incredibly difficult! Some of these things hemorrhage cash for years, before they even break even. I think this "Facebook" company isn't profitable yet.

  • @CastleHassall
    @CastleHassall 2 หลายเดือนก่อน

    thanks for talking about your perspective on decision making.. i have good ideas but i tend to get ripped off when I'm trying to develop them and people take my ideas and use their contacts etc to develop them.. been some world changing ideas i had too.. any ideas on how to not get ripped off??

  • @b-xs4iq
    @b-xs4iq 3 หลายเดือนก่อน

    this is exactly what I am looking for... thanks!

  • @ikesopuru3114
    @ikesopuru3114 5 หลายเดือนก่อน +1

    Wow.. this is awesome. Thanks for sharing prof.

  • @stanislavsuhanov5434
    @stanislavsuhanov5434 3 หลายเดือนก่อน

    Emma, your explanation of candlestick patterns is on point! This video really helped me understand how to identify trends better. Keep up the great work 🔥

  • @TheDigcta
    @TheDigcta 5 หลายเดือนก่อน +1

    Very informative and gives a whole different perspective on what happens behind the curtains in the word of VC and startups

  • @odetoazam
    @odetoazam 3 หลายเดือนก่อน

    Although i hear that reaching different people at a firm may engender different responses.

  • @ariyanitiara_
    @ariyanitiara_ 5 หลายเดือนก่อน +1

    wow, thank u so much for this. i've learned many fruitful insights!

  • @wyko
    @wyko 5 หลายเดือนก่อน +1

    Thank you for the videos, Thanks @Ilya Strebulaev and @EO

  • @charlesdarwin5185
    @charlesdarwin5185 4 หลายเดือนก่อน +1

    Read the "Accent of Money". By Naill Ferguson.

  • @SIMARJEETMEHTA
    @SIMARJEETMEHTA 2 หลายเดือนก่อน

    Nice. Please give us examples of good blurbs. .

  • @punjabeeplaya
    @punjabeeplaya 4 หลายเดือนก่อน +14

    How rich kids play around with other rich kids' money and are never held accountable during their whole lives.

    • @vkvarman2422
      @vkvarman2422 4 หลายเดือนก่อน +4

      If that's your take away, then feel sorry for you

  • @Ahmed-nx1bg
    @Ahmed-nx1bg 16 วันที่ผ่านมา

    Wonderful video

  • @tcveatch
    @tcveatch 5 หลายเดือนก่อน +2

    That claim, that VCs say No almost all the time, is extremely offensive to a person who has pursued VC funding without success. In reality they NEVER say no. They equivocate, they say Maybe, they propose fairytales, they never ever ever say No.
    Having studied this question, there is a great negotiation reason for never saying No, which is an asymmetry between VC and founder. The VC is in no hurry while the founder is bleeding out his or her own necessarily limited resources and therefore is in a great hurry. Not Saying No puts time
    Pressure on the founder and makes a better deal for the VC because if a deal is made their counterparty is more desperate. In short it is a manipulative destructive and frankly disgusting activity in which the VC is happy to see you grind your baby into paste and let it die,while bankrupting you, all for the benefit of some
    Imaginary future deal with someone else.
    A VC who has any moral fiber WILL say no a lot. But no actual VC I ever encountered on Sand Hill Road ever did in reality.

  • @BeingHuman-pl8sm
    @BeingHuman-pl8sm 2 หลายเดือนก่อน +1

    One thing is for sure. Stanford and Harvard want to admit students who have already achieved so much that they can survive without these institutions. Thats how these institutions reputation is built. I am not sure what to call this admission strategy.

  • @CREATIVECOMM.
    @CREATIVECOMM. 5 หลายเดือนก่อน +2

    Wow what an awesome content. This is the best lecture I’m receiving on this subject. Thank you

  • @열정부부-z1q
    @열정부부-z1q 5 หลายเดือนก่อน

    자동 자막말고 영어 자막도 보고싶습니다ㅠㅠ

  • @pierceparker
    @pierceparker 2 หลายเดือนก่อน

    Can a blurb be written by AI? It seems it's best job for AI. By the way, I am so glad that I am a failure champion. This video really made me feel good. I will try to fail again.

  • @rockz1901
    @rockz1901 5 หลายเดือนก่อน

    Great insights, Blurbs part very helpful

  • @entreprenuership_opportunities
    @entreprenuership_opportunities  5 หลายเดือนก่อน +25

    Crush-It Conference 2024 | SF | July 18th | Discovering Productivity Tools in AI Era
    Get Your Tickets 🎟 bit.ly/3S0brbE

  • @ashali2226
    @ashali2226 2 หลายเดือนก่อน

    Its all about your Unfair Advantage!

  • @JohnHall
    @JohnHall 24 วันที่ผ่านมา

    Because these ongoing firms manipulate the market.

  • @nirmalhruday1
    @nirmalhruday1 11 วันที่ผ่านมา

    Blurb?? I don't get what it means?
    Is it a short summary about you and your company?

  • @Dawn2Dust
    @Dawn2Dust 2 หลายเดือนก่อน

    Did all billionaires around the world study in Stanford, Oxford, Berkeley or Harvard???

  • @shrajalshrivastav4360
    @shrajalshrivastav4360 3 หลายเดือนก่อน

    " Knowledgeable " How to reach out sir

  • @soumen_das
    @soumen_das 5 หลายเดือนก่อน +7

    It is definitely gamble

  • @mintusaren895
    @mintusaren895 3 หลายเดือนก่อน

    Valentine what does it mean?

  • @jeffharmed1616
    @jeffharmed1616 2 หลายเดือนก่อน

    Nice work thanks

  • @dee24298
    @dee24298 5 หลายเดือนก่อน

    Amazing talk

  • @kristrinity9429
    @kristrinity9429 2 หลายเดือนก่อน +2

    5 minutes in and no big takeaways. Just get straight into the valuable content thats what people are here for.

  • @SIMARJEETMEHTA
    @SIMARJEETMEHTA 2 หลายเดือนก่อน +1

    No it is a gamble. If there really was a success formula VCs would not fail 95% of the time (his numbers that only 1 in 20 get that home run). If a 95% failure rate isn’t a gamble then I don’t know what is. Google was turned down repeatedly by some of the biggest VCs. There are so many such stories. VCs really can’t predict because the future is always unpredictable no matter how much mind you put in to it. The strangest ideas may work while slam-dunks do not. This remains a gamble. A VC will admit that after a few drinks.

    • @InStevenWeTrust
      @InStevenWeTrust หลายเดือนก่อน

      A gamble implies the outcome is completely random. If so, certain firms would not demonstrate consistent outsized returns such as benchmark, sequoia and Horowitz. The strike rate is just one leg of a three legged stool in determining EV and ultimately, profitability. Do you know what the other two legs are?

  • @ishanarora5764
    @ishanarora5764 5 หลายเดือนก่อน

    Brilliant sir✌

  • @vidya014
    @vidya014 28 วันที่ผ่านมา

    Failing is a filtering process.

  • @explorerryan
    @explorerryan 5 หลายเดือนก่อน

    Very insightful thanks 🙏

  • @ellliamelli3867
    @ellliamelli3867 5 หลายเดือนก่อน

    Thank u!!! ❤❤❤

  • @billballeza377
    @billballeza377 4 หลายเดือนก่อน

    The best decision one can about an MBA, is not to spend the money or the time to earn one.

  • @SilentReviewer
    @SilentReviewer 5 หลายเดือนก่อน +1

    Is he actually saying “blurp”..?!

  • @shaleenchowdhary
    @shaleenchowdhary 5 หลายเดือนก่อน

    Thank you very much

  • @OMNI_INFINITY
    @OMNI_INFINITY 15 ชั่วโมงที่ผ่านมา

    *Honestly as a VC partner, I would question the validity of what he says simply based on how laughable his attempt at clothing "swagger" totally conflicts with academia and his face type.*

  • @varlord1
    @varlord1 5 หลายเดือนก่อน +1

    Impressive advice. Thanks for sharing 👍

  • @biloo2007
    @biloo2007 หลายเดือนก่อน

    Am I the only one to feel, he sounds like Jack maa?

  • @ThevaThevarajah
    @ThevaThevarajah 4 หลายเดือนก่อน

    Yes I join

  • @christianjosepelaezhuertas9548
    @christianjosepelaezhuertas9548 5 หลายเดือนก่อน +3

    says it is not gambling, and then explain gambling

    • @IsmaelKizito
      @IsmaelKizito หลายเดือนก่อน

      finally finding the comment I was looking for. Prof tried to frame us . Not to us prof not to us

  • @ownboss4221
    @ownboss4221 5 หลายเดือนก่อน +1

    how to get 18 000 vcs mail address

  • @chazhovnanian6897
    @chazhovnanian6897 5 หลายเดือนก่อน

    Amazing video!!!! ❤

  • @thomasabraham3291
    @thomasabraham3291 2 หลายเดือนก่อน

    If everything body is fooling you
    How can you make decisions

  • @MurthyMurthy-wb7nx
    @MurthyMurthy-wb7nx 5 หลายเดือนก่อน

    Witnesses by respected government

  • @nyakarundi
    @nyakarundi 3 หลายเดือนก่อน

    what i would to know if he reasearch on why women and minorities are less than 4% of the VC world

  • @Productish
    @Productish 26 วันที่ผ่านมา

    innovation times

  • @thisricardopalma
    @thisricardopalma 5 หลายเดือนก่อน +7

    They have been stuyding an abstract mind concept called failure for 20 years?!! 😂😂😂😂😂

  • @zoneaxa3240
    @zoneaxa3240 5 หลายเดือนก่อน

    5:50

  • @moonstone468
    @moonstone468 5 หลายเดือนก่อน +1

    By the way, I know his nephew personally

  • @rogersri
    @rogersri 4 หลายเดือนก่อน

    there is no one size fit all - everyone talk only about giants - there are many more unknown success stories not necessarily wall street darlings but create social impact on large scale

  • @Ispanec7702
    @Ispanec7702 2 หลายเดือนก่อน

    Круто👍

  • @Omikoshi78
    @Omikoshi78 4 หลายเดือนก่อน

    TLDR: Have a lot of money to win at roulette by placing many bets. Focus on 36x win and less on 2x wins.

  • @MrSarathcool
    @MrSarathcool 5 หลายเดือนก่อน +2

    👏🏻👍🏻

  • @shogunzalo
    @shogunzalo 3 หลายเดือนก่อน

    So it is a gamble

  • @erikaperu73eg
    @erikaperu73eg 2 หลายเดือนก่อน

    👍

  • @AhmedAdel-vm9ku
    @AhmedAdel-vm9ku 5 หลายเดือนก่อน

    Shallow content - more close to human development

  • @DataTranslator
    @DataTranslator 3 หลายเดือนก่อน

    I find it intellectually inconsistent that he never mentioned his selection bias for successful VC firms.
    I think we could also learn from the VC firms that failed.

  • @mitchellsmith4601
    @mitchellsmith4601 5 หลายเดือนก่อน +2

    What a bunch of BS. The vast majority of companies funded by VCs fail. It’s pure luck, no skill involved.

  • @princesavage2234
    @princesavage2234 13 วันที่ผ่านมา +1

    They all teach from the same books

  • @ac-uk6hs
    @ac-uk6hs 3 หลายเดือนก่อน

    So Harvard Yale and Stanford have a big plagiarism problem and instead of punishing plagiarists they reward them with 1 million a year teaching jobs. So I'm sorry right when you said Stanford researched I lost any faith in this

  • @rodrigobelinchon2982
    @rodrigobelinchon2982 13 วันที่ผ่านมา

    But is he a successful VC or just a book worm doing theoretical research?

  • @mphomala
    @mphomala 2 หลายเดือนก่อน

    in summary, VC's don't know how to use Google. :'D

  • @OMNI_INFINITY
    @OMNI_INFINITY 14 ชั่วโมงที่ผ่านมา

    *And yet he still decided to dress that way.*

  • @niknabernik4700
    @niknabernik4700 5 หลายเดือนก่อน

    Shame on him, deman for his job is so high!! They should cooperate with real businessmans in POLYTECHNIC style (you're welcome mybe)

  • @CrisTina-tp2jg
    @CrisTina-tp2jg 2 หลายเดือนก่อน

    Sorry mate, I find your presentation boring. I think your voice is a bit monotone just feedback not criticism. You are more successful than I am and then I’ll ever be

  • @DanNistorx
    @DanNistorx 5 หลายเดือนก่อน

    Become a failure champion 🏆 😢

  • @Jakewich42
    @Jakewich42 3 หลายเดือนก่อน +1

    This guy provides zero insightful knowledge. Waste of time listening to simple fundamental ideas dressed up in conceptual speak.

  • @MurthyMurthy-wb7nx
    @MurthyMurthy-wb7nx 5 หลายเดือนก่อน

    Respected sir ,, register entire world stock market and number of shares registered,, gyarenttee by Americans congress,, white house,, remove company layings eggs utras just like one buy get one free remove company utras,, devidents only account pay only ,, company profit is not more than 24 percent of annual on opening balance of principal amount,, 10/07/2024 @ 1/28 am

  • @MorrisFilmPhoto
    @MorrisFilmPhoto 5 หลายเดือนก่อน

    What is this!? Is this for real??
    I have too much money investing in 100 companies!!! 😂🎉🥳

  • @EROD1010
    @EROD1010 5 หลายเดือนก่อน

    I just learned how WhatsApp got ruined

  • @davidc4408
    @davidc4408 5 หลายเดือนก่อน +6

    This guy needs to do some vc investment in his belly. 100x return by diet and gym😂

  • @hellonihaocomoestas
    @hellonihaocomoestas 5 หลายเดือนก่อน

    This guy tries so hard to talk like donald trump

  • @koonsickgreen6272
    @koonsickgreen6272 23 วันที่ผ่านมา

    Bull

  • @lionlegal2018
    @lionlegal2018 4 หลายเดือนก่อน

    Boring professor.

  • @NiranjanAnandam
    @NiranjanAnandam 3 หลายเดือนก่อน

    Dude speaking useless info

  • @Elonmusk898
    @Elonmusk898 หลายเดือนก่อน +1

    So it is a gamble but persistence gamble

  • @kkm122227
    @kkm122227 4 หลายเดือนก่อน +1

    Well articulated ❤ interesting insights 👍 Become a failure champion 🫡