Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
10 Aug 2021 Acquired Andreessen Horowitz Part II
“Their initial investment into Roblox, which I think is out of their late stage fund, the growth fund, somewhere between $100 million and $150 million.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 10 Aug 2021
- Publisher
- Acquired
- Episode
- Andreessen Horowitz Part II
Transcript context
…Yeah. I think that's the right way to do it. That's Andreessen Horowitz. Wait, there is one more piece to talk about. There's this great saying in venture that is also a Mike Moritz phrase—he's so good—which is that "the apples take longer to ripen than the lemons." Of course, apples being a double entendre meaning good companies but also Apple. Getting Sequoia's case, so good. They start having some success. April 2017, success on the distribution front. Okta IPO, March 2019; Lyft IPO, April 2019; Pagerduty, Pinterest, June 2019; the Slack DPO, December 2020; Airbnb, January 2021; Affirm, March 2021; Roblox, which within a year they turn around 15X on that. Yeah, here, I actually calculated that. Their initial investment into Roblox, which I think is out of their late stage fund, the growth fund, somewhere between $100 million and $150 million. It was a $150 million round at a $4 billion valuation. So great. Big shout out to our friends at Altos.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.