Index Ventures Partner, Martin Mignot: Figma, Scale, Wiz: Inside Index’s Decacorn Factory

Beware of gross margin in the early days. That's a mistake we've made a couple of time. You know, you have a lot of businesses that in the early days

have really bad gross margin. All the LLM providers were very clear examples of that. I think if that's the only

thing that's holding you up in most cases, I would totally ignore it. We never lose a deal or pass on the deal

because of price in the early stage. So, we've been around for 30 years. We invested 11.5 billion. We've returned

close to 30 and we still have 20 plus in holdings. Most of that is concentrated