Early Stage Venture
topic on 5 shows · 10 statements across 10 episodes
Acquired 
Innovators & Investors 
Capital Allocators 
TBPN 
20VC
10 statements about Early Stage Venture, every show
Tisch: Early-stage venture liquidity timelines have lengthened to 12-15 years
“Time for liquidity in early stage venture has gotten pushed significantly from where it was more predictable a decade or two decades ago. You could say seven to 10 years on an early stage fund and mean it. Today, I think you say seven to 10 years, and you're l…”
Grossman: Early-Stage Startups Are Mostly Insensitive to Moderate Interest Rate Moves
“I think in this part of the market, so the more founder part of the market, the early stage venture-ish part, I don't think interest rates really matter. Candidly, they do more in the middle market because things are built on leverage and interest coverage and…”
Gerstner: Early-stage venture requires hands-on craftsmanship on startup boards
“Early stage venture, those first two to three years is craft building, and we like to partner with founders who are wise enough To put around that early board table, people who have been through the trenches, and so that increases our probability of success an…”
Belsky: Customer usage and revenue generation should align, not conflict
“Well, you know, sometimes people posit it as, Customer happiness and usage versus revenue. When in fact, you know, they should be designed to work together. And the narrative, especially in an early stage venture, you know, needs to be about how one leads with…”
Rosenthal: Entry price does not matter in early-stage venture capital
“If you're just buying options at early stage venture, then price doesn't matter. Then you want to have as many shots on goal as possible. You want extreme volatility and long tails, right? All the stuff that you don't want when you're buying a series of cash f…”
Mauboussin: Entry Valuation Barely Matters for Startups That Reach $10B
“Whether the thing's worth fifty million or a hundred million, if it's going to be worth ten billion in 10 years or three years, like it doesn't really matter that much what you pay for it today.”
Fenton: Initial valuation does not matter if an early-stage startup succeeds
“If you zoom out, Harry, big picture, if the company works, if it really works, it doesn't matter.”
Destin: Data will not rapidly disrupt early-stage venture capital
“And so I think that the notion that data is going to disrupt early-stage venture fast to me is somewhat exaggerated because I mean, we did some of that work at Accel. It is insanely hard to derive signal from the very Fuzzy nature of the early stage data we ge…”
Callaghan: Great VCs target uncharted frontiers, not Rosewood networking
“If you're really, really good at early stage venture, that's where you want to be. You don't want to be at the Rosewood schmoozing with other VCs trying to figure out what they did and what, you know, what you can do to be a, you know, a little copy of that. Y…”