E28 Inside DCM’s Record IPO Streak with Kyle Lui, Partner at DCM

In this episode, Erasmus Elsner is talking to Kyle Lui, partner at DCM, about the recent IPO roll that DCM has been on. The Menlo Park-based firm has generated a 61x return on investments that have gone public in the past two years. Kuaishou is the standout, with its market cap to entry valuation at 2,000x.

00:00 Intro

00:50 Who is Kyle Lui

01:33 Intro to DCM

03:30 DCM IX and the A-Fund

05:36 Differentiation through US-Asia angle

07:45 DCM's Japan strategy

08:48 DCM's recent roll

10:00 Biggest winner Kuaishou

11:07 All three sides of the table

14:01 Choicepass

15:36 First 5 years at DCM

18:52 Docsend investment

21:47 Lime investment

23:57 Him’s and Hers investment