20VC: Chime IPO: The Breakdown | Why Fund Returners Are Not Enough & Seed is for Suckers | Are IPOs Dead & The Future of the Late Stage Private Market | Rippling vs. Deel Lawsuit: WTF Happens Now?

Suddenly we've drifted into some kind of theft of trade properties and suddenly someone opens an investigation. Then you're fucked. If I was my ass was on the line and I was the CEO of deal, I'd be like, how much money does it take to settle this thing by Friday? A fund return is not enough, man. We don't get out of bed for a fund returner.

A fund returner just returns the fund. Like everyone talks in venture about fund returners like they're so great. I don't think they're so great. One of the pressing facts about venture is we make an embarrassingly large percentage of our money once every seven years when you're in the white heat of must-acquire, must-own, high-growth venture assets. You are listening to 20 VC with me, Harry Stebbings.

Now this is my favorite show of the week. We are back. Rory O'Driscoll, Jason Lemk. and me discussing the hottest topics of today. What is on the cards today?

We already have this episode, so unlocking it is cheap and permanent: the full transcript (78 minutes, 16,451 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.

No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 10 episodes for $5, and monthly plans are cheaper still.