Freestyle.vc
fund on 1 show · 8 statements across 2 episodes
8 statements about Freestyle.vc, every show
Felser: Don't inform employees about acquisition talks until deal is finalized
“I wouldn't tell the team until you have a deal.”
Felser: Replacing seed founders performs so poorly it requires fraud to justify
“The history of replacing a founder at the siege stage with a new CEO, that historical performance of that experience is so poor that I can't imagine, it would have to be almost a fraud situation Situation for me to do that versus kind of replacing a founder wh…”
Felser: Forcing a founder to stay damages long-term LP returns
“I can make a short-term decision that would actually maximize shareholder value for that company, but I could Destroy my reputation doing it, and so then that, so if I look at my ultimate duty is to my LPs, so short-sightedly I can say, well, you know, I'm gon…”
Felser: Portfolio company sold low after founder rejected insider bridge round
“So last, last year we had a company go through the M&A process and we were surprised by it because we were on the page of this company being a billion dollar company. We really were. And all the investors were. And the founder had a rough experience raising ca…”
Felser: Freestyle is out of alignment with founders only 1% of time
“One percent of the time, I find myself out of alignment with an entrepreneur at some point in the process.”
Lefcourt: Early-stage startups should target 18 to 24 months of cash runway
“So I know if I wrote a check today, I want to make sure that that team has enough cash to make it at least 18 months, and ideally two years.”
Lefcourt targets leading four to five startup deals annually
“I'll probably lead, call it four or five investments a year”
Lefcourt: Being a VC is a cakewalk compared to founding a startup
“Those of us that have been entrepreneurs know that this is a cakewalk compared to that of being an entrepreneur. That being an entrepreneur is so intense it's amazing, but it is intense, And so as a VC, the highs are not as high, but also the lows are not as l…”