The Ledger
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Kumar: Mid-2000s Sand Hill Road VCs avoided tech risk and operational backgrounds
“Most of the funds were trying to do investments that were three to four million dollars. They were not taking technology risk. A lot of the new people on Sand Hill at that time were not coming from a startup or an operating background.”
Kumar caps K9 Ventures at three to four investments annually
“So if I'm only making three or four new investments in a year, it's an incredibly tight filter to begin with.”
Kumar: Seed rounds grew from $500K in 2009 to $3M by 2020
“At that time, a seed round was 500,000 dollars. Today, a seed round is two to three million dollars, if not more.”
Kumar: K9 invests $400k-$500k initially and up to $4M per startup
“So my sweet spot is usually around 400 to 500,000 as an initial investment. But then I will go as high as about four million dollars into each company. So I do, I'll do 400 to 500,000 into the pre-seed. I might do 750 or a million into the seed, and then anoth…”