Jeff Stewart knows something about entrepreneurship.
He’s started five companies — spanning manufacturing to dot-com era IPOs — and is now the founder of GPO Fund, investing in global, pre-unicorn growth companies. He’s also the author of Global IPO: The Great Rewiring of Capital Markets, now drafting its fourth edition.
In this conversation with Carlos, Jeff makes the case for why founders should think about exit before they incorporate, why “revenue solves all problems,” and why the best companies build a global investor base early rather than staying private for a decade.
He also gets into his own anti-portfolio (the deal he passed on that became Twilio), what AI is doing to the cost of building a startup, and why capital (like talent) always ends up global.