The Twenty Minute VC · January 12, 2024 · 66m

Keith Rabois on Rejoining Khosla Ventures

Keith Rabois discusses his move from Founders Fund to Khosla Ventures, the current state of venture capital, and why he believes the best companies are built during downturns. Deep dive into operator-to-investor transitions.

Highlights

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The best companies are built in downturns because talent becomes available

Rabois argues that economic downturns are the best time to start companies because the best talent, freed from cushy BigTech jobs, becomes available to startups.

Claude ChatGPT Gemini

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Operator experience is the most undervalued asset in venture capital

Rabois: most VCs have never built anything. The operators who become investors bring pattern recognition from actual company-building that pure financiers can never match.

Claude ChatGPT Gemini