The Ledger
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Mullen: Seed Pro Rata Signaling Risk Has Become Far Less Relevant
“One of the reasons that it was important to commit to doing your pro rata was there was this thing called signaling risk, which people were worried about. And that still is relevant today, but less relevant.”
Mullen: Venture Investing Requires a Barbell Strategy With Liquid Assets
“Ventures illiquid. You kind of end up having a barbell mentality where you have a lot of illiquid investments And then maybe some real liquid stuff, for example, in the stock market or just cash.”
Mullen: VC Investments Requiring Lengthy Justification Rarely Become Big Winners
“When we spend a lot of time over time making, you know, trying to almost in reverse justify the decision we're about to make, those companies ended up not being the big winners. The ones where you come in and like, we got to do this deal. That founder is unbel…”