Chalfen: Half of Founders Ask Chalfen Ventures to Sole-Underwrite Rounds
Mike Chalfen · Mike Chalfen: How to Build Anti-Fragile Venture Portfolios Today | 20VC #904 · 20VC with Harry Stebbings · Jul 8, 2022 · at 24:48
Mike Chalfen, founder of solo GP firm Chalfen Ventures, details his firm's deal structuring options and founder preferences.
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“So quite frequently in the last year or two, I've made offers term, you know, issued term sheets to companies saying I can underwrite the round. Or, and I want to invest at least X, which is typically half. And so they've got a choice and actually what's come back is probably half and half where entrepreneurs wanted me to take the whole round and half the time they wish for me to share around with a very different kind of investor.”
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