The Ledger
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Bannister: Overpaying VCs face weak returns and a reckoning in 7-8 years
“What's going to happen is there's going to be a reckoning and there always is one market will work itself out where people look at their returns seven, eight years from now, and they're not going to be great. I think that will create some discipline in the mar…”
Cyan Banister: Long Journey Ventures targets 5% ownership at the seed stage
“And so I think that at Long Journey, we're often the first check-in. We have led deals now that we're excited about, and we have to get our target ownership, which is not as bad as high. I just wouldn't say bad, but as high as some other firms are. Some need 1…”