Stebbings: I passed on Suno's seed round over 1% ownership target
Harry Stebbings · Why Now is the Time for the App Layer | Why Startups Should be TokenMaxxing | Mike Mignano, USV · 20VC with Harry Stebbings · Jul 6, 2026 · at 54:05
Harry Stebbings, host of 20VC, discusses missing out on early investment opportunities in breakout AI companies like Suno.
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“I turned down sooner when David Frankl at Founder Collective introduced me at The Seed. You know what the lesson was there? Really interesting. I hope Mikey's okay with me saying this. I'm sure he is. It was a 250 K check or a 200 K check. And so the ownership was, you know, one percent. And I was like, no, I need to be high ownership.”
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