# Jason Lemkin

Markdown copy of https://realalpha.app/people/jason-lemkin/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Real Alpha has cut 2 moments of Jason Lemkin (Founder & managing director, SaaStr Fund) talking, from an interview on 20VC published Oct 22, 2026.

- Role: Founder & managing director, SaaStr Fund
- On X: https://x.com/jasonlk

## What Jason Lemkin said

- [Strong growth no longer guarantees a venture term sheet](https://realalpha.app/s/strong-growth-no-longer-guarantees-a-venture-term-sheet/)
  20VC · Oct 22, 2026 · 5 min
  > “You got to meet every VC. You got to meet 100. It is like the old days.” — Jason Lemkin · [4:01](https://realalpha.app/v/OJX2L21e4fA/?t=241)
- [High seed prices and smaller allocations can weaken seed returns](https://realalpha.app/s/high-seed-prices-and-smaller-allocations-can-weaken-seed/)
  20VC · Oct 22, 2026 · 3 min
  > “the entry prices are so high and the ownership typically is lower unless the seed fund is very large” — Jason Lemkin · [8:25](https://realalpha.app/v/OJX2L21e4fA/?t=505)

## The episode

- [The New VC Game | CoreWeave Sell-Off Creates Panic | Revenue Multiples Out of Control](https://realalpha.app/v/OJX2L21e4fA/) · 20VC · Oct 22, 2026