Jeff Lee

Transforming potential into exponential growth. Venture Partner at Augment Ventures, ex-Partner at DCM, ex-COO at Origin. Orchestrator of 9-figure exits.

[Jeff Lee @jefflee2000]

@nabeelallana Super excited for what @nabeelallana is building here!

[Nabeel Allana @nabeelallana]

MATLAB makes $500M annually selling what I just re-engineered in 3 weeks.

Here’s how I demonstrated that enterprise software moats today can evaporate in the same time it typically takes to plan a sprint. 👇🧵

[Jeff Lee @jefflee2000]

Very excited to be a part of the VC Lab program, Cohort 14! As an ethical investor, I fully support the Mensarius Oath created by VC Lab. Let's work together to create a brighter future for the industry. https://t.co/R04yFKRCse
#MensariusOath

[Jeff Lee @jefflee2000]

Very cool to attend this event with 100+ investors focused on AI!

And amazing to have a private viewing of this iconic building with its owner, @MichaelShvo. Thank you for having us!

[Jeremiah Owyang @jowyang]

Tonight I organized an event with 100+ AI VCs to tour the upgraded Transamerica Pyramid.

I had the honor to interview Michael Shvo, the new owner, an entrepreneur who has vision for high-end buildings.

I’m going to host other events for AI VCs, where should we meet next?

[Jeff Lee @jefflee2000]

"Startup tip: More resources can mean more opportunities, but excess can bog you down. Only hire folks when you know what they can do is needed. ⚖️💼 #StartupGrowth #ResourceBalance"

[Jeff Lee @jefflee2000]

@zachcoelius Totally agree. With training from COVID, there doesn’t seem to be a summer lull anymore.

[Jeff Lee @jefflee2000]

First time enjoying Maryland blue crab on Chesapeake Bay…so delicious!!

[Jeff Lee @jefflee2000]

@galeforceVC Yes. The bar for people to become VCs has dropped a ton, especially in the last few years with the abundance of capital. This current market condition will shake them out.

[Jeff Lee @jefflee2000]

@semil Pandemic casualty for sure. And tech people don't like to get up early.

[Jeff Lee @jefflee2000]

@alexisohanian Youtubing is insanely hard. You're competing against all the content on the internet and an algorithm that's designed to keep you entertained with a short attention span. Much respect 🫡

[Jeff Lee @jefflee2000]

Unfortunately a lot of VCs I know actually operate on this model 🙃

[Zach Coelius @zachcoelius]

Too true

[Jeff Lee @jefflee2000]

@zachcoelius Yup totally agree. Machines are better, just unfortunate that it’s held to a higher standard.

[Jeff Lee @jefflee2000]

@zachcoelius Biggest challenge is that AV is held to a higher standard than humans, and it’s going to take a lot of time before AV is at the level where its “kill” rate is acceptable to humans. It’s one thing to blame a machine, it’s another to blame yourself.

[Jeff Lee @jefflee2000]

Super excited to be leading the seed round at @Juicerpricing and to work with @AshwinKamlani and @drewpats! These experts in data-driven pricing from the hospitality industry are giving power back to restaurants so they can make data-driven pricing decisions!

[Jeff Lee @jefflee2000]

Commercial real estate is screwed.

[Zach Coelius @zachcoelius]

My good buddy Jay Seiden (not on twitter), from Cushman & Wakefield, just shared his latest notes on the SF Commercial Real Estate Market.

Good stuff as always. See below.

TLDR, it might take years before it recovers...

[Conor Sen @conorsen]

All it took for inflation to be transitory was 500bps of rate hikes and 7% mortgage rates.

[Chris Prucha @chrisprucha]

Napa Pinot Noir is superior to French Burgundy.🍷

[Jeff Lee @jefflee2000]

@Chrisprucha Sonoma Pinot noir is superior to Napa Pinot noir 🤣

[Jeff Lee @jefflee2000]

What's the biggest challenge you've faced as a startup and how did you overcome it?

[Jeff Lee @jefflee2000]

@galeforceVC Obviously the GP isn’t driven to do this because of the money they have at stake in the fund. It might make sense for an LP to be involved if there’s another good motivating reason.