Investments I’ve made that didn’t work out:
– Momentum investment
– CEO a bit of bulls**t artist
– CEO good at sales but weak product team / CTOInvestments I’ve made that had so-so outcomes:
– CEO not better than me
– CEO couldn’t control burn rate
– Not really SaaS— Jason ✨2022 SaaStr Annual Sep 13-15 ✨ Lemkin (@jasonlk) August 6, 2022
So as an investor, I was fortunate to have a strong start. My first investments ended up performing quite well. Investment #1, Pipedrive, ended up acquired by Vista for $1.5 Billion. Investment #2, Algolia, is worth $2.2 Billion today and a strong IPO candidate for 2023 and beyond. Investment #3, Talkdesk, is worth $10 Billion. Investment #4 was part of Greenhouse, acquired for $800m+. And Investment #6 was Salesloft, acquired by Vista for $2.3 Billion.
Congrats to @talkdesk @algolia @FrontHQ!! #proudinvestor https://t.co/cfEO1Cu1Lm
— Jason ✨2022 SaaStr Annual Sep 13-15 ✨ Lemkin…
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