Charles Hudson, Managing Partner at Precursor Ventures, shares his thesis on consumer internet market opportunities during a quick-fire discussion on sector focus.
0:00 / 0:13exact quote · 13.8s
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“I just think consumer internet usage patterns are just not stable, and every three to five years, there's an opportunity, largely because of hardware improvements on smartphones, to rethink many core experiences on the phone.”
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“Because for me, if you start planning for M&A exits from day one, they never end up, in my experience, being quite as large as you would think. Because you've kind of engineered all of the upside out of the company in kind of trying to tailor make it for M&A.”
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“So my view is, given that pre-seed companies will have a higher failure rate than Series A companies, it's better to have more first check investment debts on the table, and it's better to be more aggressive in getting into companies.”
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Charles HudsonMay 9, 2016▶ 4:4020VC: Raising A Solo GP Fund & Why They Are So Prominent Today with Charles Hudson, Managing Partner @ Precursor Ventures
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Charles Hudson: Small VC Teams Blind Investors to Corporate Coordination Costs
“Because most venture funds are small. You've got three or four people, so there, you don't have a, Maybe a sense for the coordination costs or the internal machinations that have to happen in order to make change happen.”
Charles HudsonMay 9, 2016▶ 5:2520VC: Raising A Solo GP Fund & Why They Are So Prominent Today with Charles Hudson, Managing Partner @ Precursor Ventures
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