The Ledger
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Kutcher: Traditional VC fund ownership demands are becoming increasingly egregious
“A lot of funds have these mandates about How much of a company they need to own to make the investment of value to them, and oftentimes I see those ownership percentages becoming, especially now, just becoming more and more egregious, where funds want to own a…”
Kutcher: Sound Ventures faces no direct competition from other VC funds
“I don't think there are other competitive VC funds to us. And it's why other very big VC funds love to work with us and love having us on the cap table to help the companies that they're investing in.”
Kutcher: I do not personally track Sound Ventures' investment returns
“We have folks in our team that are, it's their job to track the returns. I've never been one to track returns.”
Kutcher: Sound Ventures does not take board seats or demand high ownership
“One of the things that we just haven't historically done is we don't take board seats. We don't demand an egregious check size.”
Kutcher mandates his team spends 40% of their time helping portfolio companies
“So the thing I'm constantly pressing on my team is let's make sure that we're proportionately spending enough time adding value to companies relative to looking for the next deal. And you should look at your day and really break down your day and go, am I at l…”
Kutcher: Sound Ventures' average check size is $1.5M to $5M
“Our check size has gone from, you know, when I was writing personal checks, it was like 25,000 dollars or 50,000 dollars. Then when we did our first fund, I think our average check size was, you know, a 100,000 to 200,000 dollars. And now our average check siz…”