E28 Inside DCM’s Record IPO Streak with Kyle Lui, Partner at DCM
Description
In this episode, Erasmus Elsner is talking to Kyle Lui, Partner at DCM, about the recent IPO roll that DCM has been on. The Menlo Park-based firm has generated a 61x return on investments that have gone public in the past two years. Kuaishou is the standout, with its market cap to entry valuation at 2,000x.
00:00 Intro
00:50 Who is Kyle Lui
01:33 Intro to DCM
03:30 DCM IX and the A-Fund
05:36 Differentiation through US-Asia angle
07:45 DCM's Japan strategy
08:48 DCM's recent roll
10:00 Biggest winner Kuaishou
11:07 All three sides of the table
14:01 Choicepass
15:36 First 5 years at DCM
18:52 Docsend investment
21:47 Lime investment
23:57 Him’s and Hers investment
26:05 D2C unit economics
28:13 Keeping up with what Kyle is up to
29:33 Kyle's investment focus areas
United States
