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Adam Besvinick

12 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement May 29, 2023 by Adam Besvinick · across every show →

On the record as a speaker too: Adam Besvinick's record, appearances and statements → this page counts the times other people say the name.

Everything said about Adam Besvinick, oldest first

May 29, 2023
Disclosure
Looking Glass targets $1.5M–$2M rounds at $6M–$10M post-money
“A quintessential round for me would be one and a half to two million dollars at a six to 10 post. That's like down the middle of the fairway, you know, structure for me.”
Adam Besvinick May 29, 2023 ▶ 38:59 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023
Assertion Supported
Besvinick operates Looking Glass Capital as a solo GP with zero employees
“I'm a single GP. I'm also a single employee. I don't work with anybody else at looking glass.”
Adam Besvinick May 29, 2023 ▶ 43:06 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023 positive
Disclosure
General Catalyst and True Ventures accept pre-seed terms set by Besvinick
“In fact, I've had general catalyst, true ventures, tribe, lower carbon that have come in after me after I've said yes and have not altered the terms of those rounds.”
Adam Besvinick May 29, 2023 ▶ 37:47 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023 negative
Opinion
Besvinick: Presenting pitch decks on LP calls is unnecessary for VCs
“I don't think I've never walked through a deck on a call. I just, I don't think that's really necessary as an investor in the same way that it is as a founder who has like screenshots and competitors to show and revenue charts. Like I just don't think that tha…”
Adam Besvinick May 29, 2023 ▶ 16:43 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023 positive
Insight
Besvinick: Pre-seed financial models reveal founder thinking, not future outcomes
“A financial model, if a founder so chooses to have one, It's a great level of insight into what they think the drivers of their business are and the levers that they can pull over time. But ultimately I am fully aware that what I'm underwriting is a hundred pe…”
Adam Besvinick May 29, 2023 ▶ 17:23 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023 positive
Insight
Besvinick: Building in complex sectors self-selects for resilient founders
“And I think the founders that I invest in and the categories I invest in self-select for uncommonly resilient entrepreneurs. If you're building in healthcare, in climate, in education, even in some of the tools serving small businesses that I invest in, like t…”
Adam Besvinick May 29, 2023 ▶ 19:29 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023
Disclosure
Looking Glass Capital set $100k and $250k LP check minimums
“Yeah, it was 100 on fund one and two 50 on fund two.”
Adam Besvinick May 29, 2023 ▶ 24:16 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023
Assertion Not checkable as stated
Besvinick led 14 Fund 1 deals despite rarely writing the largest check
“Like I said, I was the first yes or the lead in 14 of 24 investments out of Fund One. It's effectively been the case in every investment out of Fund Two so far, and I was the largest investor in only one of those 14 rounds in Fund One.”
Adam Besvinick May 29, 2023 ▶ 37:09 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023
Insight
Besvinick: Hold first fund close at 50% of minimum fund size
“Now my rule of thumb to other founders would be get to 50% of your minimum viable fund size and then do the first close.”
Adam Besvinick May 29, 2023 ▶ 28:22 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023
Disclosure
Besvinick: Every Fund 1 LP was a prior personal connection
“Every single LP in fund one is someone that I knew personally over my prior You know, years and years in and around the early stage tech ecosystem.”
Adam Besvinick May 29, 2023 ▶ 21:09 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023 neutral
Prediction Not checkable as stated
Besvinick refuses small $75k allocations to maintain target fund ownership
“I'm never gonna be like, oh, I got a 75 allocation here. Yeah, I'll do that one. Like I stick to my target check size range. I stick to my target ownership, which is an average ownership across the portfolio.”
Adam Besvinick May 29, 2023 ▶ 31:42 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
May 29, 2023
Disclosure
Besvinick writes an investment memo for every Looking Glass deal
“I write an investment memo for every single investment I make, even though it's just me reading them.”
Adam Besvinick May 29, 2023 ▶ 13:58 Adam Besnivick: How to Invest in Pre-Seed & Seed Stage Companies; Looking Glass Capital | E1020 · 20VC with Harry Stebbings
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