Vinny Pujji
@VPujji
Followers
3,481
Following
558
Media
17
Statuses
256
I love helping companies :) co-founder and Managing Partner at Left Lane Capital. Grew up at Insight Partners.
New York, NY
Joined March 2009
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Fethullah Gülen
• 156864 Tweets
#CDTVライブライブ
• 100184 Tweets
DeNA
• 61439 Tweets
新刀剣男士
• 59587 Tweets
#KingandPrince
• 57537 Tweets
#baystars
• 55668 Tweets
航空管制官
• 41738 Tweets
フルサイズ
• 40289 Tweets
ポジション
• 38999 Tweets
JhoannaBack AsStarPatroller
• 38472 Tweets
ジャイアンツ
• 31825 Tweets
日本シリーズ
• 23671 Tweets
ベイスターズ
• 22702 Tweets
#櫻坂46_IWTC
• 22483 Tweets
للهلال
• 16329 Tweets
オースティン
• 12322 Tweets
トラジャ
• 10318 Tweets
ヘルナンデス
• 10281 Tweets
Peloton is down 80% in the last 6 months. 20% since my podcast with
@jspujji
— oops.
W/ better retention (92% m12) than Netflix, PTON is trading at 6x it’s $1.5B ARR. Why? I’ve evaluated 30+ consumer fitness companies and thousands of consumer sub cos. Here’s my take 👇🏽👇🏽👇🏽
15
34
285
So excited to finally announce our $1.4B fund 2! $2B in the first few 2 funds is a huge honor and great notch but we are just getting started + doing our dream jobs every day. Huge thanks to the founders and LPs that backed us early!!
The Left Lane team is proud to announce the close of our $1.4B Fund II, putting us over $2B of committed capital since inception.
And our DMs are open! We looks forward to supporting new high-growth internet & consumer tech businesses across the world.
15
14
177
7
6
161
Nothing is new - but there is always room for innovation.
@calm
founders
@acton
and
@tewy
turned "take a deep breath" into a $2+ BILLION sleep GIANT -- I talk here about one of my favorite companies with one of my favorite people, my brother
@jspujji
4
4
36
11/ so I’m buying these days. I Apple, Google, Facebook, Microsoft, Disney, Nike, Samsung or Amazon will scoop them up if they keep trading like this.
But certainly not advising on it! Listen to my thoughts here:
5
1
32
For all my late 20s to early 40s, white, beardless VC pals at conferences — may I suggest a name tag :)
4
0
27
My brother
@jspujji
and
@TheNickShah
just sold
@ampush
after 13 years! Congrats to the whole team! Woo
1
0
28
This was a fun convo with my brother
@jspujji
! which company should we do next?
2
2
21
1 in 3 Americans (I hope this is exaggerated) believe/fear replacement theory in a country built by waves of immigrants. A country that would be obsolete economically, culturally and technologically without immigrants. It’s pathetic, cowardly and lethal…even behind closed doors
We need to repudiate in the strongest terms the politicians and media figures who — whether for political gain or to boost ratings — have used their platforms to promote and normalize “replacement theory” and other starkly racist, anti-Semitic, and nativist conspiracy theories.
1K
5K
27K
2
1
21
Amazing! From my sis
I wrote a
#Sikh
children’s book. Inspired by my own children, a labor of love for the next generation.
#RepresentationMatters
Please consider buying for your kids, friends or local school/library! 💛
9
13
140
1
0
19
Casual convo and fun time with these guys!
Our latest podcast with
@VPujji
!
One of the rising stars of VC worldwide.
He was a founder of
@leftlanecap
, one of the top growth equity firms that has over $2 billion USD AUM.
Watch the ep through the links in the comments 👇👇
1
0
6
0
3
17
That’s our mama! Teacher of the year :)
Source of love, charm, work ethic and so much more - proud sons!
@jspujji
@NickPujji
@tweepika
@PayalKadakia
0
0
17
I’m still not over how cute this was
0
1
17
Meta trades at like 6x run rate cash flow (is that a real KPI?)
How many mega funds started the talking about a Meta LBO!?
“Jk. But maybe? Jk. But we could”
2
0
17
Jesse finally started a saas business!! Check it out if you’re an ecomm business
4 months ago, I founded my first SaaS company.
Ecomm stores using it during the alpha saw a 48% lift in conversion rate.
I think it will transform commerce.
Here's the story (and how you can get involved):
93
140
1K
0
1
16
5/ 1) retail (100+ stores), 2) talent (50+ instructors), 3) media (Hollywood level production; over $100M spent annually on 2.6M songs), 4) hardware (which used to have great 40% margins) and 5) subscription (the crown jewel of the company)
Now, let’s look at unit economics 👇🏽
1
2
16
For any fund manager, VC/growth investor, etc. — this should be required listening. Pretty amazing distillation of 20+ years of tech investing at
@insightpartners
— great one
@HarryStebbings
+
@djparekh
1
0
16
6/ LTV pre-pandemic: 2k bike at 40% margin = $800 in upfront revenue. 10 years*$500/year*70% cash gross margin = $3500 in subscription LTV, assuming annual retention of 92% holds.
You really have to admire the retention. But what’s gone wrong?
2
1
15
Best pizza in NYC - on my very own block in Williamsburg
L’Industrie Pizza, Brooklyn NY — plain cheese and burrata (Via: )
0
5
10
1
0
15
10/ But Peloton is a $1.5B ARR, high margin, high retention subscription biz w/ about half of content streamed non-bike related (despite failing so far on additional hardware). That's reflective of their R&D, content, etc. being 10x others.
(21/n) Scale matters for a few reasons. PTONs sub base is so much larger than the
#2
competitor that they can afford to spend orders of magnitude more on their content. In 2021, PTON spent more on payment processing fees than iFIT spent on their entire sub product.
1
1
23
1
1
15
backed at $55M 4 years ago!! these guys just keep learning and getting better. Congrats
@chargebee
family :)
1
0
14
Told ya
1
1
14
Proud and lucky to work with the team at
@GoStudent1
— now valued at 3B, over 100x the Series A less than 2 years ago.
0
0
13
Pretty amazing day when your pal
@HarryStebbings
interviews your partner at
@leftlanecap
Harley! Great interview!!
0
1
13
in 2018
@CopadoSolutions
was bootstrapped to 17 people in Madrid. 200% YoY growth, 40% CF margins no less. Today, they're Europe's (and Spain's!) newest tech unicorn at $1.2B -- congrats!!
1
2
12
7/ LTV post-pandemic: discounting and over-investment in supply chain leave a meager 10-15% hardware margin = $300 in gross profit. Assume same $3500 subscription LTV.
Not a huge difference between $4300 and $3800 EXCEPT timing -> burn.
What about CAC?
1
0
12
My brother
@jspujji
just announced
@appkahani
’s seed! They are improving mobile web conversion for ecomm companies — try it out:
0
1
11
so nice to be featured here! thanks a ton
@maddierenbarger
:) continue to be excited to back A+ edtech founders
NEW FEATURE: Meet 13 of the top
#VentureCapital
investors that specialize in
#edtech
, from hybrid education tools to
#onlinelearning
course unicorns. Learn more in
@BusinessInsider
:
1
8
30
0
1
11
Big difference between sounding smart and being correct. My industry (like most) is full of folks trying to sound smart, citing nonsense with confidence, tweeting...oh wait. dammit :)
0
1
11
I tend to look up when making things up ;) thanks for having me
@CollisionHQ
- always great to meet the fantastic founders and investors in Toronto!
1
1
11
1/ First the history -- Peloton created a category (through fusion) just 10 years ago. Apple, Uber, Tesla, etc. are other category creators.
Category creation typically requires some vertical integration and a lot of adversity. This was no exception for CEO
@keylargofoley
1
2
10
3/ $1.6M pre-money valuation. All angels, including Foley’s brother-in-law.
But they’ve got some cash — so they get working on the first bike. They take delivery and….it’s 40% larger than expected. Oof.
Now fast forward 8 years…last fiscal year PTON did $4B in revenue. How?
1
0
10
made my day
@edwardlando
!
Vinny is not only one of the very best people I know but also consistently one of the top investors in the game & always there for founders. Congrats and well deserved!
0
1
14
1
0
10
8/ At $1k CAC pre-pandemic, it only took peloton a few months to break-even on a customer. At $1200 now, it takes the company 2 years. That means a LOT of burn.
2
2
10
9/ That and falling demand (from the prior demand pull-forward + increasingly saturated/competitive US market) are why you see PTON in the headlines for raising last-minute capital w/ only quarters of cash runway left and halting production after overinvesting in inventory.
1
0
9
Calm is a $300M+ revenue, category-defining company built with focus and grace -- not to mention CASHFLOW POSITIVE for most of their life thanks to 1) a large % of new users from organic channels, 2) annual plans paid upfront, 3) high renewal rates
0
1
9
2/ NYC’s studio fitness scene was exploding in 2012. Just ask my sister-in-law
@PayalKadakia
! Foley was inspired and convinced some colleagues to band together. But 400 pitches later, he got nothing but “no” from the VCs
Can you guess the first round’s valuation??
1
0
8
Exciting day for
@Leftlanecap
and great job by
@ericaamatori
with our first Fast Growth Summit!
0
0
8
4/ 4B in revenue -- 3B hardware, 1B content subscription. But it’s not just a simple hardware + software play.
PTON really operates 5 businesses. And none of them are easy.
1
1
8
Can’t allow ourselves to be desensitized to murder in our backyards…to our country being held hostage by cowardly, corrupt and severely permeable govt reps. DM me how I can help pass more sensible regulation
Steve Kerr on today's tragic shooting in Uvalde, Texas.
18K
292K
997K
1
0
8
I’d bet this passes 100 this year. This is amazing!
there are now 59 non-gaming apps with $100m+ in yearly revenue across AppStores, up ca 3.3x since 2018
growing from a smaller base but with almost the same net new of 14 (+68%) vs 16 (+10%) for games in 2021
1
4
40
0
0
7
Lot of folks come and go from edtech. I'm happy to be dedicated and appreciate the feature!
2
0
7
V important to pay homage to the King when in Madrid (© Casa de S.M. el Rey)
0
0
5
Haha
Ok ok. I need everyone’s help.
My family is on vacation celebrating my parents 40th anniversary.
BUT
@VPujji
is working all day.
RT is he should cancel his day RIGHT now and come join us.
Like if he should dutifully take his calls til 5pm.
😂😂😂
#brothertricks
6
8
26
2
0
7
The cutest little monkeys performing at our wedding! My amazing niece and nephew -
@tweepika
0
1
7
You can join us virtually tomorrow!
0
0
6
Always interesting to zoom out and get the LP perspective.
Best wishes for 2022 everyone! 🎉
As we enter the new year, I wanted to share a bit of LP perspective.
We all know the venture market was on 🔥 in 2021, but how is that actually manifesting and what does that mean for how the proverbial table is being set for 2022?
8
46
302
0
0
6
Our first investment in NZ..and couldn’t be into a more exciting company or space!! Can’t wait to properly visit :)
Really excited to share the news featured in
@australian
of our $15m capital raise led by
@VPujji
from
@Leftlanecap
with support from
@LipmanJustin
&
@MarkVelik
from
@EVP_VC
!
Check out our 40 open roles:
@James_hnry
@hnry_aus
2
1
12
0
0
6
woohoo!
@salesforce
@SalesforceDevs
newest unicorn!! 3 years from first raising capital
'Started at the bottom of SFDC, now we're here' cc
@VPujji
Multicloud DevOps platform Copado raises $140M via
@VentureBeat
0
0
4
0
0
6
Happy to see
@hellosimply
and
@StudySmarterDE
featured by
@BusinessInsider
today! My nephew just used simply to learn piano (
@jspujji
@tweepika
) :)
0
1
5
You may be rich. Maybe you even bought those oil calls :) but do you make $100M+ a month like bad bunny on tour!!
0
0
5
great listen on pet!
@jfeedler
@jspujji
and
@gkamstra
break down Petco and the $120bn pet industry on
@bizbreakdowns
today.
Learn about:
- The growing scale of the pet industry
- Pet profitability
- The competitive landscape
Pawsome!
1
1
18
0
1
5
I will be ordering one today
0
0
5
Great feature for
@GoStudent1
“The teachers are really the heart of the platform.”
@FelixOhswald
CEO of Europe’s first
#EdTech
unicorn
@GoStudent1
talks rapid growth, raising money, expansion in Asia...and profitability!
2
16
56
0
0
5
Lot of gold here!
Startups are hard!
One of the hardest parts is managing your team.
How much guidance do you give? Do you do it yourself? When to track others to-dos?
Starting out, I wish I had a cheat sheet for management.
So I wrote one.
23 Hard Won Lessons In Startup Management 👇🏽👇🏽👇🏽
37
461
2K
0
0
5
Proud to partner with
@wetravel
!
Very proud of
@WeTravel
aka "Paypal for Travel." The most resilient team I've ever worked with having survived and thrived in spite of the pandemic. Congrats team and welcome
@vpujji
!
@jokoeppel
@RexhiDollaku
@GaribMehdiyev
0
1
9
0
0
4
Hiring sales people? Testing out Tik tok or TV advertising? Emailing churned customers? Learn how the best companies do it. Fast Growth Summit by
@leftlanecap
is back today at 1:30PM EST. Access the live stream at .
0
1
4
Incredibly informative and relevant!
0
0
4
First exit from
@insightpartners
portfolio! Congrats
@HarverHRM
family :)
@BarendRaaff
, Matthijs and Jeffrey well done!
Big congrats
@BarendRaaff
and the whole team
@HarverHRM
for the acquisition and joining forces w Outmatch!
Another
@VPujji
collab :)
1
0
2
0
1
4
Great market POV from
@spencermpeter
!
@thursdaythreads
01 🧶⚡️
"Beyond the Fed”
We know about Fed rates and CPI. But there’s more to it!
Tech shocked the market, twice: with a flash in the pan, then a leaky bucket.
Both shocks magnified the tech cycle. Stock forecasts & earnings tell the story:
2
6
27
1
1
4
woohoo!! well deserved
@RexhiDollaku
...i will make you extra tasty ramen tn
With much joy, Ade and I are thrilled to share that
@RexhiDollaku
is being promoted to Partner at
@Base10Partners
, a role he has been playing for some time now.
2
0
23
1
0
4
This was my favorite episode yet…had no idea the NFL was just a fascinating biz
How does the NFL actually operate as a business??
You know me for digging in on the podcast and truly figuring out the inner workings.
This is one of my best and favorite recordings.
@JayKapoorNYC
is awesome!
2
4
25
0
0
3
Big news for creators and virtual restaurant brands!
INTRODUCING POPCHEW
At the intersection of food and culture, we're working with creators to build brands we love around a social ordering experience. We're making food fun.
Excited to announce our $3.6M seed led by
@longjourneyvc
(
@LeeJacobs
@cyantist
)
23
22
110
0
0
3
0
0
3
So fun being back in person and on stage with
@FelixOhswald
of
@GoStudent1
El debate sigue muy vivo en
#enlightED
Ahora le toca el turno al emprendimiento y el futuro de la educación en esta era digital
@VPujji
de
@Leftlanecap
y
@FelixOhswald
de
@GoStudent1
, el primer unicornio 'EdTech' de Europa, cuentan cómo comenzaron a trabajar juntos
1
1
9
0
0
3
— newest national pizza chain!?!
Today I am announcing Bitcoin Pizza - a new national pizza brand that is launching in 10 cities.
The first pizzas will be delivered this Saturday, which is the 11 year anniversary of the infamous bitcoin pizza transaction.
Buy pizza: 🔥🔥
2K
2K
16K
0
0
3
0
1
3
@karananand87
@australian
@Leftlanecap
@LipmanJustin
@MarkVelik
@EVP_VC
@James_hnry
@hnry_aus
Woohoo :)
0
0
3
@Leftlanecap
couldn't be more proud to be partnered w/ M1 this past year...their growth has just been staggering. next stop -- $10B AUM :) My bet's on $100B+ in 5 years
We raised a $150 million Series E, led by SoftBank's Vision 2 Fund!
Thanks to our clients, investors, team, and partners for helping us become a unicorn.
7
10
74
0
0
3
+1!!
So nerdy, but talking to ambitious founders is one of my favorite activities in life.
Their energy is infectious.
Their big ideas make me optimistic about the future.
And their willingness to learn and improve is everything.
14
31
383
0
0
3
I knew those rolls were good!!
Texas Roadhouse has outperformed Google over the past 10 years.
160
415
7K
0
0
2
Their sleep stories and meditations expanded market-size from the ~$1B meditation market in 2017 (closer to $2B today) to the nearly infinite sleep and wellness market they serve today
1
0
2
Important for Series A/B founders to be extremely careful with structured equity rounds -- play forward to precedent you're setting and liq pref you could be buried under one day!
@PitchBookNews
thanks for asking my thoughts :)
0
1
2