Cem Sertoglu
person on 1 show · 8 statements across 1 episodes
On the record as a speaker too: Cem Sertoglu across every show, appearances and statements → this page counts the times other people say the name.
8 statements about Cem Sertoglu, every show
Sertoglu: Sign funding rounds if success probability increases beyond dilution
“For the founder, I think the most important thing is probability of success. You know, Is this round that I'm closing? Is this gonna impact my potential of getting where I want to get to? As a percentage, will it make up for the dilution I'm suffering? So if I…”
Sertoglu: Founders underestimate cap table leverage and overnegotiate terms
“Founders usually underestimate the leverage they have on their cap table. They negotiate things for very obscure situations, etc. I think experienced founders know that it's their company, and they will have a lot of flexibility around managing things when it …”
Sertoglu: Bek Ventures partners average one to two investments per year
“When you are a small partnership, I mean, in our firm for every fund, each partner writes about four or five checks per fund. So in kind of each vintage, we're talking each year, we're talking about one or two investments at most.”
Sertoglu: Bek Ventures' early UiPath check returned 12.5x the entire fund
“In the case of UiPath, I mean, we thought it could return the fund. I mean, it has returned 12 and a half times the fund already, so that's been, you know, very miscalculated analysis, but we do do it.”
Sertoglu: Passing on Bolt's seed round was Bek Ventures' biggest loss
“I mean, one example that's probably our biggest loss is we met Bolt, the car ailing company, and they were called Taxify at the time, a small Baltics ride-hailing company, and even though, you know, Marcus, the founder, was extraordinary, we really couldn't se…”
Sertoglu: Early-stage VC cannot be commoditized or scaled with capital
“I don't think it is getting commoditized because it's limited. It's, you cannot scale it by just pouring money on it.”
Sertoglu: Foreign tourist capital repeatedly rushes into and retracts from regional markets
“It happens in every cycle they rush in and then they rush out very, very quickly. And also when they rush in, they miss, miss out on the nuances of the region.”