Wagner: Excessive fund scale gets in the way of VC excellence
Peter Wagner · Peter Wagner: 27 Years of Investing Lessons of Picking Founders, Price Discipline & Reserve | E1123 · 20VC with Harry Stebbings · Mar 6, 2024 · at 56:55
Peter Wagner, founding partner of Wing Venture Capital, responds to the common industry claim that venture capital is a scale game.
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“The adventure is a scale game. Like, I think it actually kind of runs quite the opposite, that excessive scale, you know, gets in the way of excellence. So, you know, you can be too small too, you know, don't get me wrong, and scale, scale has its benefits, but I think it's a self-serving argument, you know, that sort of scale trumps all. I just don't buy it.”
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