Naimi: Abstract SPVs have returned nearly $100M on AngelList
“I think our SPVs have returned close to a hundred million dollars on, on AngelList at this point.”
Naimi: A $100M fund at 5% ownership beats a $1.5B fund at 15%
“What I focused on was ownership as a relative metric as opposed to an absolute metric. And what I mean by that was, I knew I could get five percent ownership in these deals very consistently, and I knew the firms that I was co-investing alongside can get 15% o…”
Naimi: Abstract Fund I gave higher look-through ownership than any VC in 94% of deals
“By the time we fully deployed fund one it became pretty obvious that in 94% of the companies we'd invested in, There was not a venture fund you could have invested in anywhere in the world that would have gotten you more look through ownership in that company …”
Naimi: Filed for bankruptcy at 24 before founding Abstract Ventures
“I literally had filed bankruptcy at 24 years old when my previous startup company had failed. So I was literally out of bankruptcy starting a venture capital firm”
Naimi: Successful Founders Must Have Proven Exceptionalism Before Their Startup
“It's hard for me to believe if I meet somebody
That if I can't get a sense that this person is special, or has been special, or has done impressive things in their life, that the first impressive thing they're ever going to do is this company that they're aski…”
Naimi: Seed rounds with multi-stage funds price between $25M and $50M
“If there's multi-stage funds around the table, the deal will get done no lower than 25, and it'll probably get done no higher than 50. If it gets done higher than 50, it means one multi-stage got really excited and just turned it straight into a series A, at w…”
Naimi: Abstract Ventures Was Named to Top Crunchbase Alphabetical Lists
“Crunchbase had things alphabetically listed, and I realized if my firm started with an A, it would be at the top of the list on everything. So I wanted a firm that started with A, and so that's kind of where I started.”