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

2929.447 - 2951.734 Mamoon Hamid

The round after us, Angela at Andreessen Horowitz did it, and it was a great round, great time for the company. And then it did one in 2022 with one of our seed investors, Sway, led the growth round because things were going really well. And then consumer lending just turned. This is when interest rates went up from 0% to 5%. And that really made that business really difficult.