micro VC funds

“By 2010, you were looking at a market of 20, 25 in sort of institutional micro VC funds. In five years, 10 X that amount has been raised. So we're now looking at 250 macro VC funds having raised a total of four billion dollars.”

“I actually think that there's a lower threshold because people like Jeff, Steve Anderson, Chris Saka, and others showed that you could take a small amount of capital. And actually turn it into meaningful returns. I think the fact that they proved that those ea…”

“There are ones that I think are going to go away because I think there are some folks in the, so I don't even like the term micro VC because it's really just early stage venture capital back to the roots. There's some that are going to be real permanent instit…”

“And so I do think the ones that choose to compete in that category will do so, for the most part, coming out of seed micro as a beginning point.”

“It's not that hard to raise a micro fund being that typically a first time fund would be looking to raise 25 to fifty million in size and that really requires that you have an aligned set of high net worths that believe in you that you've worked with for a whi…”

“It will increasingly become harder to raise subsequent iterations or to scale, and I think you've started to see that with even some groups that have a track record now and have done a pretty decent job struggling to find new LPs on the institutional side to c…”

“Somewhere around 600 to six 50, I think, is the right estimate.”

“So, so you're going to see, we think of fewer new fund creations. And when we say fund, we're not talking about a few million dollar funds. We're talking about sizable funds that can lead, you know, institutional size rounds.”