The Ledger
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Consensus VC decisions will decline as conviction investing and LP directs grow
“We're going to see three pretty basic models emerge for how decisions are made, all the way up from LPs down, down to small seed funds. And the three buckets are going to be consensus-based decision-making, and that's every fund that, you know, has pretty much…”
Rajaram: First Round Capital includes 80 companies per fund
“First round capital, I think, is one of the best seed firms. Guess how many companies they have in each fund? 80 companies.”
11 of 13 Pear Launchpad Companies Raised Top 2016 Seed Rounds
“So, you know, last year we had about 13 companies 11 of them ended up raising a seed round from great people. Accel, first round, Index, just really, really top name people. And the other two went back to school.”
Josh Koppelman ran Facebook ads targeting Yahoo employees during 2008 takeover
“Josh Koppelman, who had just started First Round Capital, had decided when he saw the news of the takeover attempt, he wanted to see if there's anyone at Yahoo who is sort of loose in the saddle and maybe thinking about joining a startup or starting a company.…”
USV partners do 1-2 deals yearly versus First Round's 4-5
“And then also they're two different types of firms, too, so the likelihood that you'd get a deal done at USV when each partner's doing one or two deals a year was, Very different than first round when they're doing four or five because they're seed deals.”