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20VC: Kleiner Perkins' Mamoon Hamid on Investing Lessons from Leading Rounds in Figma, Slack and Rippling | Lessons Building a Generational Defining Firm with Kleiner Perkins | AI: Where Value Accrues, Startups vs Incumbents & Scaling Laws
Mamoon Hamid
That lending businesses are really hard. Consumer lending is very hard. Did you do reserves there? Yes. And that was where it went wrong? Well, the first check was back to the 60-40. It was like 60-40, but there's more along the way that went in because they raised subsequent up rounds from great investors.
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