Posted on eighth April 2024 by Luca

Basti Lehmann is the co-founder and former CEO of Postmates, the on-demand supply service that raised over $900M from the likes of Tiger World, Founders Fund, Spark Capital and Andreesen Horowitz. Following Uber’s $2.65BN acquisition in 2020, Basti based TipTop, a platform for quick tech gross sales which Marc Andreesen led the $20M seed spherical for.

In Right this moment’s Episode with Basti Lehmann We Focus on:

1. From US Immigrant to Billion Greenback Founder

• How did Basti begin his profession hacking AT&T?
• How did early hardships form Basti’s work ethic?
• What have been Basti’s largest challenges constructing Postmates?

2. Classes from Elevating $900M

• How did Basti increase $20M from Marc Andreesen?
• How does Basti choose which VCs to work with?
• Why does Basti assume 99% of VCs are sheep?
• Why does Basti assume nice VCs add no worth?
• Why does Basti assume having to teach buyers is an enormous crimson flag?

3. Promoting Postmates for $2.65BN

• Why did Basti promote Postmates to Uber? How did the acquisition occur?
• Was there something Basti would have executed otherwise?
• What does Basti assume makes Dara Khosrowshahi an ideal CEO?
• What’s Basti’s largest recommendation to founders on acquisitions?

4. Way forward for AI: Startups or Incumbents?

• What does Basti assume is the most important problem of LLMs immediately?
• Why does Basti assume inference computing would be the way forward for AI?
• Why does Basti assume incumbents may be changed?
• Why does Basti assume the most important firms are being born immediately?