Early Stage VC

topic on 2 shows · 7 statements across 7 episodes

Capital Allocators 20VC

7 statements about Early Stage VC, every show

20VC Opinion
McCabe: Early-Stage Venture Capital Has Become an Unprofitable Commodity
“One thing I will say is the amount of capital at an early stage available today suggests to me that that's gotta be a crappy end of the market for VCs. I mean, it's just a raw commodity now, early stage VC. I don't know how you make a return there.”
Eoghan McCabe Oct 11, 2024 ▶ 24:22 Eoghan McCabe, CEO @Intercom: Freedom of Speech, Censorship and Government Control | E1213 · 20VC with Harry Stebbings
20VC Insight
Ehrenberg: Very early stage artisanal venture capital will never be scalable
“That's the thing is very early artisanal VC is not scalable and it never will be. People have tried and they have failed.”
Roger Ehrenberg Feb 19, 2024 ▶ 10:01 Roger Ehrenberg: Why VC Returns Will Get Worse & Why LP Incentive Structures are so Broken | E1117 · 20VC with Harry Stebbings
Early-stage VC requires local presence, while late-stage does not
“Unless you're there on the ground and you have teams on the ground, you won't be able to capture. And the earlier you go, the more important that is. Later stage, you actually can make investments from other locations because you're much more looking at the bu…”
Magnus Grimeland Feb 15, 2024 ▶ 54:05 Magnus Grimeland – Day Zero Investing at Antler (EP.369)
Grantham: Foundation targets 70% allocation to early-stage venture capital
“And in our case, we can own early stage, and we are over 60%. We target 70%, early stage VC. And of that, we target up to a half in the green variety”
Jeremy Grantham Jul 8, 2021 ▶ 49:05 Jeremy Grantham – GMO (Manager Meetings, EP.01)
20VC Insight
Toney: Product management playbooks directly mirror early-stage VC investing
“The Playbook for product management is very similar to early stage BC. The ability to understand a market and where opportunity might exist because of a problem. How many of those people or enterprises have that problem? What are the current solutions they're …”
Lo Toney Jun 26, 2020 ▶ 5:48 20VC: How Fundraising For Funds Has Changed in The World of COVID, The Benefits of Managers Selling Part of Their GP & How To Think Through Your "Minimum Viable Fund Size" with Lo Toney, Founding Managing Partner @ Plexo Capital
20VC Opinion
Felser: Later-stage VCs are more transactional than early-stage investors
“Well, later, later stage VCs really are become more transactional, I think, than early stage VCs.”
Josh Felser Apr 17, 2017 ▶ 6:53 20VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
20VC Insight
Late-stage corporate experience provides no value for seed startups
“And vice versa, I think, for people who've worked in large private companies and have been with them through the IPO process, to be joining an early stage VC and expect to bring operating value to a seed stage startup is, is not relevant either.”
Kent Godfrey Jan 19, 2015 ▶ 14:43 20 VC 005: Be The Best CEO with Kent Godfrey

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