Larry Aschebrook, Founder & MP @GSquared: How We Lost Money on Uber and Made Millions on Lyft

Larry Aschebrook is the Founder and Managing Partner of G Squared in what is one of the wildest stories of venture capital. Larry started G Squared with nothing, dialling for dollars having personally invested in Twitter and Uber. In his first fund, Larry made sizable bets into SpaceX, Palantir, Alibaba and Twitter. Larry has also had mega losses along the way (discussed in the show) in Getir, 23andme and more. Today, Larry manages over $5BN and has invested in all the best from Wiz to Spotify to Revolut and Anthropic. ---------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:07 Bootstrapping a Venture Career 04:41 The Best Investment on a Multiple Basis 09:29 The Alibaba Move That Changed Everything 20:19 How a $150M Spotify Bet Made a Billion 30:33 Lyft Made Millions, Uber Lost $50M 41:53 “We Fcked Up”: The Billion-Dollar Vintage 47:19 What Larry Does with Overinflated Assets 50:51 The Gut Call That Dodged Theranos 59:13 Losing $70M on 23andMe 01:02:42 The Getir Deal That Nearly Broke Me 01:05:57 The Janitor of Venture Capital 01:19:07 Getting To Revolut in 2018 01:24:21 Why I’d Buy Anthropic at $61BN Today 01:27:15 Vampires vs Zombies: The Coming Startup Purge 01:34:06 Does Money Actually Make You Happy? 01:39:18 Quick-Fire Round ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZ... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Harry Stebbings on X:   / harrystebbings   Follow Larry Aschebrook on X:   / larryvcg2   Follow 20VC on Instagram:   / 20vchq   Follow 20VC on TikTok:   / 20vc_tok   Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/con... ----------------------------------------------- #20vc #harrystebbings #larryaschebrook #gsquared #founder #partner #vc #lyft #spotify #twitter #coursera