Terrence Rohan discusses the type of competitive market intelligence that actually provides leverage to portfolio founders.
Insight
Rohan: Reserve allocations for follow-ons depress seed fund DPI
“On balance, I don't think reserves and follow ons, I think it actually hurts seed investing and it hurts seed investing in two ways. One is it depresses DPI.”
Insight
Rohan: Venture value-add is commoditized and short-lived post-investment
“I tend to agree with David on this, that a lot of this value add is commoditized, and it's also, also often when you talk to founders, it might be like a couple quick motions to try to win the check, and then people kind of fade into the background.”
Prediction Not checkable as stated
Rohan: Seed and venture capital face major disruption within two years
“So I think in, like, two years, like, you mush that all together, it's, yeah, it's ripe for incredible disruption, or I'd say there's a lot of opportunity there for funds and managers to really take leadership positions because it's, there's just so much chang…”
Insight
Rohan: Venture conviction is rarer than favorable pricing
“One undisputable law, empirical law of a venture is the power law, right? And so the rare thing is not price. The rare thing is conviction and the company. And so if you've got conviction and you found the company, you write that check, 10,000,020 million, a h…”
Opinion
Rohan: VC Twitter is just content marketing to seem smart
“I think a lot of the things that plays put out on VC Twitter, it is content marketing to make the person seem smart, but if you really get them, whatever, two beers deep, they're going to be like, I don't know.”
Insight
Rohan: Venture capital power dynamics have flipped to favor founders
“Everything and what you're really having is like, I think the founders went from, or the VCs kind of went from the customers to now the founders of the customers.”