Callaghan: True Ventures limits initial checks to under 1% of fund
Jon Callaghan · 20VC: Why Investors Have The Biggest Problem with Bias, Why Our Job Is To Maximise Risk & Why It Is Essential To Get Good at Losing with True Ventures Founder, Jon Callaghan · Sep 6, 2017 · at 8:02
Jon Callaghan, co-founder of True Ventures, explains how fund construction and initial check sizes are structured to reduce loss aversion and encourage founders to take big risks.
0:00 / 0:09exact quote · 9.4s
720p mp4 · rendered on demand · StarZero watermark
“Our average initial investment is, you know, somewhere between one and three million dollars. We're currently operating out of a three hundred million dollar fund. So our initial check is less than one percent of the fund.”
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 →