Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit

The Memo

Nov 21, 2025

Posted by

Max Altman is Co‑Founder & Managing Partner at Saga Ventures, a US$125 M early‑stage fund. Before Saga Max was an investor with Apollo Projects, Hydrazine Capital and Altman Capital (where he helped deploy over US$500 M) into breakout names such as Rippling and Reddit.

AGENDA:
  • Venture Capital Is FULL of Tourists With Single-Digit IQs

  • Inside the Madness of Parker Conrad: Genius, Chaos, and WTF Emails

  • The Rippling Deal That Changed Everything

  • Living in Sam Altman's Shadow: The Confession

  • $200M Fund Mistakes: Max's Brutal Lessons From Hydrazine

  • The $2B Reddit Return… and the $2B Left on the Table

  • Why Climate Tech Is a Total VC Mirage

  • The New Seed War: Can Anyone Survive Sequoia & Andreessen?

  • Max's Boldest Predictions

Share this post

Link copied

Link copied

Link copied

BACKSTAGE GALLERY

RELATED POSTS

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

© 2024 20VC. All rights reserved.

© 2024 20VC. All rights reserved.

© 2024 20VC. All rights reserved.

© 2024 20VC. All rights reserved.