The Ledger
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Marini: Silicon Valley turned on Color after its pre-launch $40M Series A
“They raised, like, a forty million dollar Series A, and Silicon Valley turned on them before they even launched.”
Marini: 85% of startups fail
“Most, you know, 85% of startups fail, and you can't say yes every time, or you'll go bankrupt.”
Series A VCs Typically Require 10% to 15% Employee Option Pools
“Typically, the VC is going to require a 10 to 15% option pool for the employees, which makes sense, but usually the angel investor is getting squeezed by that as well.”
Rick Marini Insists on Single-Digit Million Valuations for Seed Deals
“I've tried to stay disciplined for seed investing. I'm almost always going to be single digit millions for the valuation.”
Marini: Uber and Lyft valuations perfectly illustrate the 90/10 market value rule
“If you were an angel in Lyft, you're still very happy if they're worth, you know, roughly five billion. But you really want to be an Uber who's worth over sixty billion. Right. And that math actually, you know, kind of works out to that kind of 85, 10, and fiv…”