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20VC: Postmates Founder Basti Lehmann on How the Uber Deal Went Down and How a $2.65BN Deal Turned into $5BN, Why Great VCs Add No Value and VC Value Add is BS Marketing & Why The Biggest Companies in History Will be Born Today and Replace Incumbents

2024-04-08 · 59 min · 15 entities

episode page audio

Asserted relationships

  • → hosted by Harry Stebbings person
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    Feed author/publisher: Harry Stebbings
  • → founded TipTop company
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    founded TipTop
  • → founded TipTop company
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    founded TipTop
  • → works at Postmates company
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    CEO of Postmates
  • → works at Postmates company
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    CEO of Postmates
  • → discusses Business concept
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    Feed category: Business
  • → discusses Investing concept
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    Feed category: Investing
  • → discusses News concept
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    Feed category: News
  • → discusses Tech News concept
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    Feed category: Tech News

Entities found in this episode

concepts 7

  • mentioned Business concept
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    evidence rules-v4
    Feed category: Business
  • mentioned Investing concept
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    evidence rules-v4
    Feed category: Investing
  • mentioned Tech News concept
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    evidence rules-v4
    Feed category: Tech News
  • discusses Business concept
    0.40
    evidence rules-v4
    Feed category: Business
  • discusses Investing concept
    0.40
    evidence rules-v4
    Feed category: Investing
  • discusses News concept
    0.40
    evidence rules-v4
    Feed category: News
  • discusses Tech News concept
    0.40
    evidence rules-v4
    Feed category: Tech News

companys 6

  • mentioned TipTop company
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    evidence rules-v4
    founded TipTop
  • mentioned Postmates company
    0.62
    evidence rules-v4
    CEO of Postmates
  • founded TipTop company
    0.54
    evidence rules-v4
    founded TipTop
  • founded TipTop company
    0.54
    evidence rules-v4
    founded TipTop
  • works at Postmates company
    0.50
    evidence rules-v4
    CEO of Postmates
  • works at Postmates company
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    evidence rules-v4
    CEO of Postmates

persons 2

  • mentioned Harry Stebbings person
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    evidence rules-v4
    Feed author/publisher: Harry Stebbings
  • hosted by Harry Stebbings person
    0.55
    evidence rules-v4
    Feed author/publisher: Harry Stebbings
Episode description as stored
Basti Lehmann is the co-founder and former CEO of Postmates, the on-demand delivery service that raised over $900M from the likes of Tiger Global, Founders Fund, Spark Capital and Andreesen Horowitz. Following Uber's $2.65BN acquisition in 2020, Basti founded TipTop, a platform for fast tech sales which Marc Andreesen led the $20M seed round for. In Today's Episode with Basti Lehmann We Discuss: From US Immigrant to Billion Dollar Founder How did Basti start his career hacking AT&T? How did early hardships shape Basti's work ethic? What were Basti's biggest challenges building Postmates? Lessons from Raising $900M How did Basti raise $20M from Marc Andreesen? How does Basti select which VCs to work with? Why does Basti think 99% of VCs are sheep? Why does Basti think great VCs add no value? Why does Basti think having to educate investors is a massive red flag? Selling Postmates for $2.65BN Why did Basti sell Postmates to Uber? How did the acquisition happen? Was there anything Basti would have done differently? What does Basti think makes Dara Khosrowshahi a great CEO? What is Basti's biggest advice to founders on acquisitions? Future of AI: Startups or Incumbents? What does Basti think is the biggest challenge of LLMs today? Why does Basti think inference computing will be the future of AI? Why does Basti think incumbents can be replaced? Why does Basti think the biggest companies are being born today?