Last week, we caught up with Faraz Fatemi, who joined Lightspeed Venture Partners last month as a partner focused on consumer investments. Fatemi previously led monetization, growth and corporate development initiatives at Clubhouse, where he worked from June 2021 to earlier this year, and before that invested in startups at Bain Capital Ventures as an associate. He got to know the Lightspeed partners when he worked on Bain’s investment in celebrity shoutout app Cameo’s Series B round in 2019. Lightspeed had led its Series A the previous year. 

We talked about what tough market conditions means for founders and investors—and how seed-stage companies have been buffered from a retreat by investors from late-stage deals.