The Ledger

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Disclosure
GGV turned an $8M Series B into a $75M total investment
“One of our largest investments today is a seventy-five million dollar investment. We started out with an eight million dollar investment of a hundred free in the series B. Today, that company is worth over eight and a half billion dollars, and so we've continu…”
Jeff Richards Mar 4, 2019 ▶ 26:05 20VC: The Transition From Founder To CEO, How To Determine When To Stretch On Price in Venture & The Benefits of Attribution for Partnership Dynamics with Jeff Richards, Managing Partner @ GGV Capital
Disclosure
GGV Capital tracks internal investment performance attribution every 90 days
“In our firm, we do a fairly high degree of attribution, and we track performance in a very, very detailed way. We literally go through it every 90 days, and I think at a much more detailed level than most firms.”
Jeff Richards Mar 4, 2019 ▶ 32:31 20VC: The Transition From Founder To CEO, How To Determine When To Stretch On Price in Venture & The Benefits of Attribution for Partnership Dynamics with Jeff Richards, Managing Partner @ GGV Capital
Disclosure
GGV offered to lead Electric.ai's Series A but lost to Bessemer
“We actually met Ryan in the Series A. We offered lead the Series A, and he Politely chose Bessemer Venture Partners.”
Jeff Richards Mar 4, 2019 ▶ 33:42 20VC: The Transition From Founder To CEO, How To Determine When To Stretch On Price in Venture & The Benefits of Attribution for Partnership Dynamics with Jeff Richards, Managing Partner @ GGV Capital
Disclosure
Roughly 80% to 90% of GGV-backed founders are first-timers
“About 80, probably 80% of the folks that we back are first-time founders. It may even be 90%.”
Jeff Richards Mar 4, 2019 ▶ 9:50 20VC: The Transition From Founder To CEO, How To Determine When To Stretch On Price in Venture & The Benefits of Attribution for Partnership Dynamics with Jeff Richards, Managing Partner @ GGV Capital
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