20VC: Max Altman on The New Seed War: Can Anyone Compete with Sequoia and a16z | Leaving $2BN on the Table with Reddit | Lessons from Backing Rippling at $25M Post | Why Climate Tech is a Mirage and Disaster

This is 20 VC with me, Harry Sebbings. Now joining me in the hot seat today, we have Max Altman. Max is the cofounder and managing partner at Saga Ventures, a $125,000,000 early stage fund. And before Saga, Max was an investor with Apollo projects, Hydrazine Capital, and Altman Capital where he deployed over $500,000,000 into breakout names like Rippling and Reddit to name a few. But before we dive into the show today, Secureframe empowers businesses to build trust with customers by simplifying information security and compliance through AI and automation. Thousands of fast growing businesses, including Nasdaq, AngelList, Doodle, and Coda trust Secureframe to expedite their compliance journey for global security and privacy standards such as SOC two and ISO 27,001, CMMC, NIST standards, and more. Backed by top tier investors and corporations like Google and Kleiner Perkins, the company is among Forbes' list of the top a 100 start up employers for 2024, g two's best software awards for highest satisfaction products, and a recipient of the 2024 cybersecurity excellence awards, something I definitely never got in school myself. Learn more today at secureframe.com. Once compliance is handled with Secureframe, Tezi makes sure AI handles the rest. Hiring shouldn't take months. Tezi's AI agents work twenty four seven to keep your recruiting pipeline full, instantly reviewing inbound applications, sourcing top talent, rediscovering those hidden gems in your ATS, detecting fakes and prequalifying candidates before your team even starts interviewing. What makes Tasi so different? Well, it's all in one. AI agents across the workflow from open to offer, a built in ATS, plus a 750,000,000 candidate database. That means added recruiting capacity when you don't have enough hours in the day, and that's why companies like Mutiny, Pocus, and Aurum, and even public companies like Real already trust Tezi. With features in VentureBeat, TechCrunch, Fortune, and Axios, you have to check them out. Tezi.ai/20vcfor 10% off your first year and start making hires in days. After Tezi streamlines your operations, Framer builds the experience around it. Are you still jumping between tools just to update your website? Don't do this. Framer unifies design, CMS, and publishing all on one canvas. No hand off. No hassle. Everything you need to design and publish in one place. Framer already built the fastest way to publish beautiful production ready websites and is now redefining how we design for the web. With the recent launch of Design Pages, a free canvas based design tool, Framer is more than a site builder. It's a true all in one design platform. From social assets to campaign visuals to vectors and icons all the way to a live site, Framer is where ideas go to live, start, and finish. No Figma imports, no messy HTML, just design, iterate, and ship all in one place. And it's completely free to start. Ready to design, iterate, and publish all in one tool? Start creating for free at framer.com/design and use the code storytime for a free …