early stage fund

also referred to as: early stage funds

14 statements across 13 episodes · 3 bullish · 2 bearish · 12 people on the record · first statement Dec 14, 2015 by Dharmesh Raithatha · across every show →

Everything said about early stage fund, oldest first

Dec 14, 2015 positive
Insight
Early-stage VC funds benefit from having dedicated product specialists
“I think for the early stage funds, you know, having someone that understands products can help massively because, you know depending on the company, there's a lot of challenges, either seed or series A, where they need to start scaling up.”
Dharmesh Raithatha Dec 14, 2015 ▶ 4:17 20 VC 096: Developing The Idea Muscle and VCs Providing More Than Just Money with Dharmesh Raithatha, Partner @ Forward Partners
Sep 14, 2016 neutral
Disclosure
Redpoint's late-stage fund rarely follows on in early-stage deals
“Red point strategy is to look at it almost as two totally from portfolios. And very, very rarely, I think there's probably, you know, one exception does our late stage fund invest from our early stage fund?”
Ryan Sarver Sep 14, 2016 ▶ 10:49 20VC: Do VC's Really Hustle Enough? The Takeaways From Watching Twitter Scale From 30 to 2,500 & Why Chris Sacca Is Like Yoda with Ryan Sarver, Partner @ Redpoint
Jan 17, 2020 neutral
Insight
Compressed timelines lead founders to bypass dedicated seed funds
“I think what I am seeing though, is the time between those seed rounds in the series A's getting compressed. And as a result, I think founders are actually choosing to, in certain cases, bypass seed funds that can only diverse seed rounds and really go target,…”
Sumit Gajri Jan 17, 2020 ▶ 46:30 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
Aug 14, 2020 positive
Insight
Anna Khan: Early-Stage VCs Build Deeper Founder Bonds Than Multi-Stage Firms
“It's really hard to forget the person that bet on you when no one knew your name or used your product, and I think that is sort of that secret weapon that early stage funds can use because they come out of it with a much deeper and much more emotional connecti…”
Anna Khan Aug 14, 2020 ▶ 22:14 20VC: Why Few Firms Are Doing True Early Stage Investing Today, Why Founders Should Spend Time with Analysts When Raising & The Rise of Pre-Empting Rounds and How To Know When To Engage vs Wait with Anna Khan, General Partner @ CRV
Nov 9, 2020 neutral
Prediction Not checkable as stated
Zanutto: Early-Stage VC Funds Moving Upstack Will Split or Reuse Teams
“I think you'll see some of those early stage funds will hire entirely separate teams, and some of them will use the exact same early stage team to prosecute those growth rounds.”
Derek Zanutto Nov 9, 2020 ▶ 24:23 20VC: Lessons from Investing in Uber and Airbnb, How To Think Through Bundling vs Unbundling, Late Stage Funds Moving Earlier, Early Stage Funds Moving Later& The Mechanics of Venture That Founders Should Know with Derek Zanutto, General Partner @ Capital
Apr 8, 2022
Assertion Supported
Stebbings: Growth Funds Allocate Less to Reserves Than Early-Stage Funds
“Most growth are actually much more heavy first check, and they don't have such heavy reserve allocations compared to early stage funds.”
Harry Stebbings Apr 8, 2022 ▶ 17:53 20VC: What Happens To Growth Rounds in this New Environment? Where is the Funding Crunch? How Does This Impact M&A and Going Public? How do Crossover Funds Respond? What Does it Mean For Early Stage and more with Eric Liaw, General Partner @ IVP
Aug 8, 2022 negative
Insight
Larger Early-Stage Venture Funds Consistently Yield Lower Returns Over Time
“Larger early stage funds always lead to lesser returns over time.”
Mo Koyfman Aug 8, 2022 ▶ 18:11 Mo Koyfman: The Secret to Winning in Venture; Why Small Funds Outperform Large Funds | 20VC #915 · 20VC with Harry Stebbings
Jan 4, 2024 positive
Opinion
Stebbings: 3x Net Return Remains a Strong Performance Benchmark in VC
“So I definitely think a lot of people forget just how difficult it is to do depending on fund size, but just generally at the early stage, three X net is still a fucking good fund.”
Harry Stebbings Jan 4, 2024 ▶ 1:25:05 Jason Lemkin: Predictions for 2024 - What Does a Trump Administration do for Startups? | E1099 · 20VC with Harry Stebbings
Mar 25, 2024
Insight
David Clark: Early-Stage VC Funds Must Offer 1x Fund Return Potential
“We still feel comfortable that they're, whatever the fund size they're investing out of, that there's a, an opportunity for them to return the fund from within it, with a single investment. It, it's slightly, certainly for early stage funds. I think for later …”
David Clark Mar 25, 2024 ▶ 1:01:07 David Clark: Lessons from 32 Years of Fund Investing - Why Exits Will Be Larger | E1131 · 20VC with Harry Stebbings
Mar 25, 2024 neutral
Prediction Not checkable as stated
VenCap targets a 50-50 capital allocation between early and growth funds
“We want to be sort of roughly fifty-fifty between early and growth. It's a challenge to manage that if we end up being sort of, 45, 55, I think we're comfortable with that. We don't want to be 30, 70.”
David Clark Mar 25, 2024 ▶ 1:02:17 David Clark: Lessons from 32 Years of Fund Investing - Why Exits Will Be Larger | E1131 · 20VC with Harry Stebbings
Oct 21, 2024 neutral
Disclosure
Hamid: Half of Kleiner Perkins' growth fund backs its early-stage winners
“Because our growth fund, even, half of the dollars are allocated towards, not allocated, but half those dollars are invested in our best companies from our early stage funds.”
Mamoon Hamid Oct 21, 2024 ▶ 21:46 Mamoon Hamid: AI - Where Value Accrues, Startups vs Incumbents & Scaling Laws | E1217 · 20VC with Harry Stebbings
Aug 4, 2025
Insight
Multi-Stage VC Is 70% Access, Early-Stage Is 70% Picking
“I would say if you are a multi-stage firm that is, you know, deploying large checks at scale. 70% access. 30% picking. If you are a small and nimble early stage fund that is trying to break into the mold, I'm gonna say it's, you know, 80%, 70% picking. I'll fl…”
Miles Dieffenbach Aug 4, 2025 ▶ 14:36 Miles Dieffenbach: Inside Carnegie Mellon’s $4BN Endowment & The Math Behind DPI, TVPI, Illiquidity · 20VC with Harry Stebbings
Mar 7, 2026
Insight
Mitchell Green: Emerging VCs can deliver strong DPI using early secondary sales
“As a new relative upcomer in the first couple funds, you can actually generate amazing APIs. It's a game you can play.”
Mitchell Green Mar 7, 2026 ▶ 39:29 Mitchell Green: Why 50% of VCs Should Not Exist · 20VC with Harry Stebbings
Mar 19, 2026 bearish
Prediction Not checkable as stated
Lemkin: Early-stage VCs chasing massive TAMs will see terrible returns
“I think a lot of funds are going to have terrible returns because a lot of early stage funds are going to swing so hard for the fences that they're going to invest in the number three or the number four and get just zeros after zeros because there isn't a chan…”
Jason Lemkin Mar 19, 2026 ▶ 34:14 NVIDIA Predicts $1TRN in Revenue: Everything You Need to Know From GTC & Anduril Lands $20B Contract · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.