YouSaid · the spoken record

Logan Bartlett

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59
first
2022-08-29
most recent
2022-08-29
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1
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podcast

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  1. “I think it's a funnel, right? It kind of goes to how public markets end up flowing through to private markets in general. Obviously, we've seen it in the public markets. And the private markets, late stage privates right now, were not seeing a ton of repricing, but we are seeing when they're making investments, it's typically converts into the IPO at some discount or something like that. We're seeing some structured terms associated with it. Then there's this big gap where there aren't a ton of deals getting done right now. That's the series C, Series D. maybe a little series B. And so what you are seeing is there's a dearth of opportunities that even exist right now because those companies have raised so much capital and have such last money post round valuations that you're not seeing them go out there and fundraise right now. Instead, they're kind of waiting to grow through or wait for them market to normalize in some way. And so what does that mean? Well, you're seeing a bunch of people say we would have invested $200 million at a”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Started hearing about it six months ago, and it's one of those things I'm mostly B2B software, but occasionally you hear about something and you're like, I really wish I wasn't so focused on what I do because this sounds great. And it seems like they just executed absolutely phenomenally.”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “And so I'm really enthusiastic about the opportunity set and price is a little bit more rational than what it has been. I don't know best ever, but it's certainly a fantastic time to invest right now.”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “It's up there for the best time that I've seen in my career. I think there's probably that stretch in 2014, 15, 16 that not a lot of people knew that software was going to be a big thing. And so that was certainly a great time to be investing as well, particularly when you saw the multiple appreciation that occurred over the next whatever six years. But right now it is in that there's been a recalibration of price from entrepreneurs, what they're ultimately looking for from potential board members, investors on their cap table, that money isn't just money that there are some other things that come along with that. I've never been more bullish about the different trends that are going on in the overall tech landscape right now, be that software, digital transformation, or fintech or some of the stuff going on in healthcare. We're even seeing some pop-up of different consumer type companies, which it's been a little while since we've seen companies like Be Real or whatnot.”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Be a good investor and deliver great returns to the limited partners. And so internalizing those different styles and understanding there's a bunch of different ways to make money under a single umbrella, I think was something that I really appreciate today in looking at different investment opportunities.”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Literally, like Redpoint turned me down, and then all that happened in between them hiring me back as an equal partner and turning me down was my experience at battery. I think battery in general, one, they're awesome people. Two, they're very prudent about returning money to their limited partners and consistently delivering great returns. And they do that across a bunch of different strategies. So they'll do early stage venture, late stage venture, they'll do growth equity. They'll do growth buyout type opportunities. They'll do lower mid market buyouts where they add on acquisitions to it and leverage with debt and all of that. And so I think, honestly, what Battery does best in what I internalize most was just how to evaluate investment opportunities in general, right? It seems sort of pedantic in some ways in that that should be the job in its entirety. But because they look at so many different things, it was very much a mashup of a bunch of different styles of investing with everyone aiming just to”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Me an offer when I was associate. And so I went over to Redpoint, I guess it was December 2019 and joined at the beginning of 2020. And I've been here ever since.”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “Yeah, I kind of found it accidentally which you hear people today talk about they're so purposeful about what they want to do and they want to go after venture and get into tech and they're very specific about the firms they want to work with. I didn't even know what Venture was until I was 23, 24. I actually, it sounds silly, but I did invest in banking out of undergrad, ended up at a small boutique investment bank doing software advisory. And I worked alongside the Vista equities of the world and the TA associates, the JMIs, and actually got some exposure to folks like Battery, Excel, Bessemer, Redpoint. I actually raised my hand and said I wanted to go over to one of those places. Most of them said no or who are you, but I actually had a handful of interviews, one of which was Redpoint, one of which was battery. Battery gave me an offer. Redpoint did not. I went over to battery. I was there for six years. And Redpoint folks kind of stayed on top of me. They wanted to correct the error of their ways and not make.”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “Course. I'm glad to be here. I actually do remember that. We were at the Mattermark was hosting a party at Sastor. And this would have been probably 2015 or something. So way back when, but coming full circle, I want you to know that you were the only podcast I did from 2015 to 2022, the beginning of 2022.”

    2022-08-29 · The Twenty Minute VC · 20VC: Is Now Really the Best Time to Be Investing? WTF is Happening at Growth Stage Investing? Why VCs Have Gotten Lazy Over the Last 2 Years? Investing Lessons from Hitting with Braze and Missing with Snowflake with Logan Bartlett, Managing Director @ Re · IDENTIFIED FROM THE TRANSCRIPT · source