Asparouhov: First-time founders demanding $25M seed valuations lack independent conviction
Delian Asparouhov · Delian Asparouhov: Inside the Walls of Founders Fund: What the World Does Not See | E1183 · 20VC with Harry Stebbings · Jul 29, 2024 · at 56:49
Delian Asparouhov, Partner at Founders Fund, reflects on seed-stage valuation demands from first-time founders versus second-time successful founders.
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“If you're like a first-time founder and, you know, demanding 25 posts, I have a little bit of a harder time getting excited, even if in theory, your vision is super compelling, your team is super compelling. It just shows a willingness to, you know, sort of submit to the market instincts of venture capital rather than having your own, you know, sort of defined viewpoint on where you should, you know, sort of land.”
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