20VC Exclusive: Mercury Founder Launches First $26M Fund | Why Founders Should Take the Highest Price | Why Serial Entrepreneurs are Better | Why AI Is So Overhyped | The Future of Venture Capital with Immad Akhund
Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
Sequoia does not take their position lightly. Like they did the most work. I think it is very hard as an entrepreneur not to chase the highest valuation. You know, we did our series B at 120x, which was not rational. This is 2021.
But we did it and I would do it again. I mean, I just prefer serial founders. Like I have such a bias towards them. A serial founder with a chip on their shoulder. Oh yeah, 100%.
This is 20 VC with me, Harry Stebbings. Now I'm very honored by the show today. I had this amazing guest on the show six years ago, and he pinged me recently and said that he had some news that he wanted to share on 20VC first. And so today we have an exclusive. With that, I'm very excited to welcome back to the hot seat.
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