How Gen Z Is Taking Over Silicon Valley B2B Startups | Nakul, Audacious

From a boutique industry of ~20 firms to today where there are specialised funds for every stage, geography and category, Venture Capital has changed radically.

On this episode we have Nakul Mandan from Audacious Ventures. Nakul came to Silicon Valley at 28 expecting to be fired. He left Lightspeed in 2020, spent 14 months raising a $90M first fund in the middle of a pandemic, then watched ChatGPT changing the game entirely during his first two years of investing.

In this episode, Nakul shares how his thinking evolved from being thesis-driven to people-driven, why he believes only five thousand people shape Silicon Valley, why there is always a younger, hungrier investor coming for you and how to invest millions of dollars in 20 year old founders.

Watch this episode to understand the new Venture Capital and how it's operating in the hyper-speed AI world.

00:00 The Most Intense VC in Silicon Valley
02:30 5,000 People Run Silicon Valley
05:44 The Drive Behind the Intensity
09:13 Why You Never Arrive in Silicon Valley
11:17 Sourcing, Picking, Winning, Helping
14:37 The Ego-Bruising Reality of Fundraising
19:55 Bull Runs, Crashes, and ChatGPT
22:44 Slowing Down Deployment
24:21 Why $1B AI Companies Can Still Be Cheap
27:38 How AWS, YC, and AngelList Changed Venture
32:30 The Freedom (and Pressure) of Building Audacious
39:27 Making VC Math Work
43:06 Defining the Improbable Outcome
45:29 The 5 Traits of Exceptional Founders
48:16 When You’re on the Fence, Lean In
50:51 The Audacious Unfair Advantage
56:40 The Power Law of People
58:07 Finding Exceptional 21-Year-Old Founders
01:03:30 Backing WorkOS and Multiverse
01:10:39 Passing on Figma
01:20:24 Bubbles, Time Diversity and Staying Power
01:23:14 Why Ambitious Founders Move to Bay Area
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Website: https://neon.fund/
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LinkedIn: https://www.linkedin.com/company/neon-fund
Twitter: https://x.com/TheNeonShoww

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Twitter: https://x.com/siddharthaa7
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This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice. Receive SMS online on sms24.me

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