Benchmark GP, Victor Lazarte: The 3 Traits All the Best Founders Have

Victor Lazarte is a General Partner @ Benchmark, one of the mot renowned venture firms in the world. At Benchmark, Victor has led deals into the likes of HeyGen and Mercor. As an angel, he was the first investor and board member of Brex, and as a Founder he scaled Wildlife Studios, bootstrapping into the largest gaming company in LatAm, with about 4 billion downloads. ---------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:03 Lessons Scaling Wildlife Studios to 4BN Downloads 04:14 Why Predicting the Future is Wrong When Starting a Company 08:30 Three Different Categories of Company in an AI World: Who Wins & Loses? 18:38 Two Traits That All the Best Founders Have? 19:27 Why You Should Always Ask What a Founder Does in Their Free Time? 23:22 Why If You Start a Company in SF You are 1,000x More Likely to be Successful? 28:02 Why Spreadsheet SaaS Investing is Dead 30:14 Why Knowledge Work Will Be Destroyed and What Happens Then? 39:41 Why Replacing Humans is the Most Exciting Opportunity in AI 43:44 China vs. US: The AI Race 49:44 Why All Students Today Should Study Computer Science 01:05:22 Why Portfolio Construction is BS 01:07:48 Quick-Fire Round 01:08:15 What Makes Peter Fenton One of the Best Ever 01:09:48 Why Duolingo Will Be One of the Most Valuable Companies in the World ----------------------------------------------- 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 Victor Lazarte on X:   / victoralazarte   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 #victorlazarte #gp #benchmark #founder #lessons #peterfenton #ai #futureofai #computerscience