Suster: Upfront generated $1.4B from six hard-to-fund, capital-efficient startups
Mark Suster · Mark Suster: Why Private Equity Will Replace IPOs and M&A as the Exit Path | E1147 · 20VC with Harry Stebbings · May 1, 2024 · at 45:49
Mark Suster, General Partner at Upfront Ventures, defends reserving capital for unloved early-stage portfolio companies that take longer to scale.
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“On average of our companies that take longer and that we had reserves for. On average, it took six years to raise a growth round. Okay. But those companies by definition are more capital efficient because they didn't have access to it. I have six deals that fit this category that returned 1.4 billion dollars of returns in companies that other people didn't want to fund.”
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