Schneider: Coatue usually requires a $75M minimum check for growth board seats
David Schneider · David Schneider: Why the Worst VCs are "Seagull VCs" & VC Value Add - Is it Real? | E1200 · 20VC with Harry Stebbings · Sep 11, 2024 · at 48:30
David Schneider is a General Partner at Coatue. He discusses Coatue's ticket size requirements when taking a board seat in growth-stage companies.
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“So I'm typically in a growth deal trying, if I'm gonna take a board seat, it's usually a seventy-five million dollar check. I'll break the rule and go to 50 sometimes, but mostly it's 75 minimum, with the goal of doing more over time before it goes public.”
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