YouSaid · the spoken record

Shardul Shah

lines on the record: 56
first: 2024-09-16
most recent: 2024-09-16
sittings or episodes: 1
sources: podcast

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“I think if I had to distill it to the essence, it's intentionality. I've become much more intentional with my time. I've become much more intentional with my communication.”
2024-09-16 · The Twenty Minute VC · 20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't know. Like, what can I tell you? I've been with Index for 20 years. So I don't have actually a lot of experience with other venture cultures. At Index, you know, there's this deep acknowledgement of the importance of mentorship and apprenticeship. That's how you evolve in your career. And I've been super lucky to have seven mentors in my career. Not once was I coached or not once did I play a game around doing X to climb up a corporate ladder. Like every time I was promoted, I was surprised. So maybe you're right. Like if you're in an institution of 200, 300 people, perhaps there's like machinery that you need to navigate. But in my home at Index, it's about finding fund returns.”
2024-09-16 · The Twenty Minute VC · 20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style · IDENTIFIED FROM THE TRANSCRIPT · source
“No way. I think I learned this from Josh Schmada, who's the founder of Coalition, sent me the annual reports from Stone Ridge, which is a hedge fund. And everywhere, kind of a Warren Buffett style kind of annual report comes out. And one of the reports, Founder alluded to a culture of belonging. And the spirit of belonging is for people to be themselves and not to assimilate. Like if your goal is to be the best version of yourself and your firm's goal is to be the best firm on the planet, there's no room for assimilation and confirmation, right? Conforming to other norms. So I think it's absolutely wrong. I think if you try to assimilate to be someone who you're not, you're setting yourself up for failure.”
2024-09-16 · The Twenty Minute VC · 20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, it took me a long time to figure that out. Like growing up, I grew up outside of Chicago. And so my childhood hero was Michael Jordan. And all of the advertisements are be like Mike. Like be yourself is actually the message in life and as an industrial.”
2024-09-16 · The Twenty Minute VC · 20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style · IDENTIFIED FROM THE TRANSCRIPT · source
“Thanks for having me back. Tell me, in all the time you've spent interviewing so many people, what's the number one lesson you have learned?”
2024-09-16 · The Twenty Minute VC · 20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style · IDENTIFIED FROM THE TRANSCRIPT · source
“The lessons to learn are don't be cute on price, don't underestimate fantastic founders and don't overthink it. TAM is a trap. Go back and look at the S1s of some of the biggest public companies today. Their market caps are bigger than what they thought the TAM would be. The best founders find and expand market opportunities. We are in the business of finding fund returners. The power law dominates our business. Not being in a 10, 20, 50, $100 billion company is actually painful.”
2024-09-16 · The Twenty Minute VC · 20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style · IDENTIFIED FROM THE TRANSCRIPT · source