Destin: Stride VC Will Keep Fund Size Constrained by Design
Fred Destin · 20VC: Stride's Fred Destin on The Acceptable vs Non-Acceptable Risks When Investing, How Startup Founders Can Improve The Quality of Their Decision-Making and Must Play for Batting Average & Why Plans Do Not Matter and No Board Member Should Bash An Entre · Jan 15, 2019 · at 4:17
Fred Destin, co-founder of Stride VC and former partner at Accel, explains his fund sizing strategy after leaving Accel.
0:00 / 0:10exact quote · 10.6s
720p mp4 · rendered on demand · StarZero watermark
“I'd much rather be on smaller funds that we keep constrained by design so that we can really hopefully deliver to our investors a return that are more attractive than I think what the larger funds are trying to do.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Fred Destin
Destin Says European Angels Are Overly Risk-Averse and Hate Write-Offs
“Angels are sometimes the worst offenders, because angels are very afraid of losing their money in many cases, especially on the European side. Angels just hate writing shit off.”
Destin Criticizes VCs for Operating Under a Control Mindset
“VCs are very often assholes because they're in a logic of control. Their viewpoint of the world is like, Hey, you work for me. You have to deliver results. Which is, of course, completely wrong, because the reality is we're only trying to enable a project call…”
Destin: Benchmark Gets Discounted Deal Pricing Due to Brand Prestige
“In fact, I bet you benchmark gets discounted pricing on most of what it does because they're benchmarked.”
Destin: Smart Workflow Automation Will Eliminate 60% to 80% of White-Collar Jobs
“We can take out 60 to 80% of white-collar jobs through smart workflow automation before we're even touching decisioning engines like AI.”