seed stage investing

2 statements across 2 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Oct 23, 2017 by Semil Shah · across every show →

Everything said about seed stage investing, oldest first

Oct 23, 2017 negative
Opinion
LPs mistakenly apply traditional VC reserve models to seed funds
“I think the majority of LPs have taken the history of how VCs, institutional VCs, A, B, and C reserve and bolted that on to seed, whereas I think seed is a completely different asset class.”
Semil Shah Oct 23, 2017 ▶ 16:35 20VC: Semil Shah on How To Raise An Institutional Venture Fund, Why LPs Mostly Have Reserve Allocation Theory Wrong & Why IPOs and Acquisitions Are Severely Constrained
Jan 17, 2018 bearish
Prediction Held up
Sam Altman: Seed-stage venture capital returns will compress overall
“I think this has already happened, but I fully expect the returns of seed stage investing as a whole to compress. I kind of have this model of the world where, Capital slashes around looking for the best return, and when there is a really outsized class or ass…”
Sam Altman Jan 17, 2018 ▶ 15:51 20VC: Sam Altman, Y Combinator President on What Makes Truly Great Leaders, Why We Will See A Compression of Seed Funding & The Future Scaling of YC
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