50 - Billion Dollar Lessons from a $800M Mistake with Elizabeth Knopf
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Join me, Nik (https://x.com/CoFoundersNik), as I talk with Elizabeth Knopf ( https://x.com/leveragedupside ), a venture capitalist turned operator who has scaled startups in Latin America, worked on billion-dollar unicorns, and is now hunting for cash-flowing software businesses.
In this episode, Elizabeth shares lessons from passing on companies like Shopify, key metrics for evaluating SaaS companies, and how she leverages AI to transform small businesses. We also dive into spotting the next billion-dollar idea and avoiding the 'what if' game with investments.
Questions this Episode Answers:
- What lessons did Elizabeth learn from passing on companies like Shopify?
- How does Elizabeth evaluate SaaS companies?
- How is AI transforming small businesses?
- How do you know when you've found the next billion-dollar idea?
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This week we covered:
00:19 The What If Game: Hypothetical Investment Scenarios
01:33 Guest Introduction: Elizabeth Knopf's Background
03:06 Elizabeth's Investment Journey: From Hedge Funds to Venture Capital
04:20 Deep Dive into Venture Capital: Sourcing Deals and Missed Opportunities
13:40 Evaluating SaaS Companies: Key Metrics and Lessons Learned
18:46 Elizabeth's Transition to Operations and Entrepreneurship
23:55 Leaving Axon and New Ventures
25:35 The M&A Journey Begins
27:22 Investment Strategies and Challenges
36:11 AI and Automation in Business
42:50 Rapid Fire Questions and Wrap-Up
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