April 14, 2025

HX Venture Fund VC: Lead Edge Capital Founder and Managing Partner, Mitchell Green on the Evolution of Venture: Past, Present, and Future

Mitchell Green is the founder and managing partner of Lead Edge Capital, a growth equity firm with $5 billion in assets that invests in software, internet, and tech-enabled businesses. Mitchell has led or co-led investments in companies including Alibaba, Asana, Benchling, ByteDance, Duo Security, Grafana, Mindbody, and Xamarin, among several others.

In this episode of 20VC, Mitchell talks about:

00:00 Intro

01:21 How Bessemer Taught Me The One Golden Rule of Investing

06:25 Why AI Infrastrcture is the Worst Investment to Make

08:11 Why it is Comical to think there will be $BN one person companies?

15:01 WTF Happens To The Cohort of SaaS Companies With Slow Growth, Not Yet Profitable and $50M-$200M in Revenue

18:20 What is the Biggest Problem with the IPO Market

23:04 When is the Right Time to Sell in VC and How a Generation F******* it Up

28:24 Biggest Advice to Smaller Emerging Managers

47:39 Why LPs are More Important than Founders

57:17 One Question Every LP Should Ask Their VCs

01:00:04 Why TikTok Does Not Matter to ByteDance and It Is a Screaming Buy

01:02:53 Why We Drastically Underestimate the Power of Chinese AI?

01:10:20 Quick Fire Questions

01:15:06 Why Social Media is the Most Dangerous Thing in Society

Listen to the full episode on the 20VC podcast.