Inside Lightspeed's three-year strategy to get ahead of the downturn-and what's next for the firm after its star investor steps back | Fortune
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Inside Lightspeed's three-year strategy to get ahead of the downturn-and what's next for the firm after its star investor steps back | Fortune
"Jeremy Liew's $485,000 investment in Snap snowballed into an $8.1 million exit, awarding Lightspeed's investors a 250x on-paper return, showcasing his ability to identify lucrative opportunities."
"Liew co-led the Series B round of Affirm, marking the first time venture capitalists were offered a stake in the buy now, pay later giant, further solidifying his impact in consumer investing."
"The consumer sector may not be Lightspeed's largest, but it has been the loudest, largely due to the public brand recognition of portfolio companies like Snap and The Honest Company."
Jeremy Liew, Lightspeed's first consumer specialist, significantly raised the firm's profile through strategic investments in companies like Snap and Affirm. His early investment in Snap yielded a remarkable 250x return. Over 15 years, Liew has consistently identified successful consumer startups, contributing to Lightspeed's evolution from enterprise-focused to a more balanced investment strategy. While enterprise investments still dominate, consumer investments have gained visibility and recognition, particularly due to high-profile brands in Lightspeed's portfolio, enhancing the firm's reputation in Silicon Valley.
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