Latest news with #DVxVentures
Bloomberg
20 hours ago
- Business
- Bloomberg
DVx Co-Founder on AI Reshaping Startups
Jon McNeil, co-founder of DVx Ventures, says the fundamentals of building companies have changed in the post-AI era. The firm has developed an AI library to help early-stage startups overcome barriers. He speaks with Romaine Bostick and Vonnie Quinn on 'The Close,' explaining that DVx is deploying 80% less capital per company compared with two years ago. (Source: Bloomberg)
Bloomberg
23-07-2025
- Automotive
- Bloomberg
Tesla's Success Comes From Musk's Vision: Former Tesla Executive
Karim Bousta, DVx Ventures Co-Founder and Former Tesla Executive, says Tesla is now behind in many aspects. Its new business model and car manufacturing, doing both at the same time, pose a major challenge for the company. He speaks with Scarlet Fu and Vonnie Quinn on "The Close." (Source: Bloomberg)
TechCrunch
20-07-2025
- Automotive
- TechCrunch
Former Tesla president discloses the secret to scaling a company
Few companies have grown as quickly as Tesla, especially just before and after the company launched the Model 3, its first affordable EV. 'We scaled Tesla in 30 months from $2 billion in revenue to $20 billion in revenue,' Jon McNeil, the former president of Tesla who is now co-founder and CEO of DVx Ventures, told the crowd at TechCrunch's All Stage event in Boston. It wasn't McNeil's first time scaling companies, nor would it be his last. Previously, he founded six different companies, and after Tesla, he joined Lyft as COO before starting his own venture firm, where he's launched a dozen startups. Over the years, McNeil has developed a playbook that helps him identify when a company is ripe for scaling. He shared those insights last week with the audience at TechCrunch All Stage 2025. When assessing a company's potential to scale, McNeil primarily judges them on two different measures, product-market fit and go-to-market fit. It's not unusual for investors to focus on those concepts, but McNeil has distilled them into two objective measures. For product-market fit, he asks each startup, 'do 40% of your customers say they cannot live without your product,' he said. If not, then the company isn't ready. 'We keep adding, adding, adding and tweaking the product until we get to 40% and then we say, okay, boom, now we've got product market fit,' McNeil said. 'It's actually objective and measured. It's not a feeling, it's not a sense. It's a metric.' Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW McNeil added, 'We did a study of businesses that actually achieved breakout, and those businesses achieved breakout at roughly that 40% acceptance level.' Second, McNeil looks at whether the company has a mature go-to-market strategy. Specifically, he's interested in whether the amount a company spends to acquire customers, known as customer acquisition cost (CAC), is sufficiently below the total lifetime value (LTV) that the customer will bring the company. When a company starts pulling in four times more money over the life of the customer than it spent to acquire them — an LTV to CAC ratio of four-to-one — that's when he knows the company is ready. 'Then we pour in the cash. But before then, we're doling out cash $100,000 at a time just to get to different stage gates,' he said.
Yahoo
20-07-2025
- Automotive
- Yahoo
Former Tesla president discloses the secret to scaling a company
Few companies have grown as quickly as Tesla, especially just before and after the company launched the Model 3, its first affordable EV. 'We scaled Tesla in 30 months from $2 billion in revenue to $20 billion in revenue,' Jon McNeil, the former president of Tesla who is now co-founder and CEO of DVx Ventures, told the crowd at TechCrunch's All Stage event in Boston. It wasn't McNeil's first time scaling companies, nor would it be his last. Previously, he founded six different companies, and after Tesla, he joined Lyft as COO before starting his own venture firm, where he's launched a dozen startups. Over the years, McNeil has developed a playbook that helps him identify when a company is ripe for scaling. He shared those insights last week with the audience at TechCrunch All Stage 2025. When assessing a company's potential to scale, McNeil primarily judges them on two different measures, product-market fit and go-to-market fit. It's not unusual for investors to focus on those concepts, but McNeil has distilled them into two objective measures. For product-market fit, he asks each startup, 'do 40% of your customers say they cannot live without your product,' he said. If not, then the company isn't ready. 'We keep adding, adding, adding and tweaking the product until we get to 40% and then we say, okay, boom, now we've got product market fit,' McNeil said. 'It's actually objective and measured. It's not a feeling, it's not a sense. It's a metric.' McNeil added, 'We did a study of businesses that actually achieved breakout, and those businesses achieved breakout at roughly that 40% acceptance level.' Second, McNeil looks at whether the company has a mature go-to-market strategy. Specifically, he's interested in whether the amount a company spends to acquire customers, known as customer acquisition cost (CAC), is sufficiently below the total lifetime value (LTV) that the customer will bring the company. When a company starts pulling in four times more money over the life of the customer than it spent to acquire them — an LTV to CAC ratio of four-to-one — that's when he knows the company is ready. 'Then we pour in the cash. But before then, we're doling out cash $100,000 at a time just to get to different stage gates,' he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
10-07-2025
- Automotive
- Bloomberg
Former Tesla President Weighs In on Musk's Leadership
Jon McNeill, chief executive officer of venture capital firm DVx Ventures and former president of Tesla, says Tesla is "showing its age" and needs to return to focusing on the product on "Bloomberg The Close." (Source: Bloomberg)
