The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: The Twilio Memo: Bessemer's Byron Deeter on How a $125K Initial Check Became Bessemer's Largest Position, What The Influx of Late-Stage Capital Means For Venture Today & Why The Incumbent Advantage Is Now An Incumbent Disadvantage

May 27, 2021 · 42:54

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✨ AI Summary

Byron Deeter shares the story of Twilio becoming Bessemer's largest position.
He analyzes the impact of late-stage capital on venture today.
Deeter explains why the incumbent advantage is becoming a disadvantage.

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