Initial Check

topic on 1 show · 2 statements across 2 episodes

20VC

2 statements about Initial Check, every show

20VC Insight
Weinberg: Initial checks drive almost all value in venture returns
“I'm more and more convinced that it kind of doesn't matter. And actually by far the most important thing is did you get into the right great company in the first place? It's the initial check that drives almost all the value.”
Zach Weinberg Nov 6, 2020 ▶ 20:35 20VC: Zach Weinberg on Whether A Company is a Democracy, The Importance of Ownership, The Rise of Pre-Emptive Rounds, Multi-Stage Funds Entering Seed and How he Approaches Both Risk and Personal Capital Allocation
20VC Disclosure
Callaghan: True Ventures limits initial checks to under 1% of fund
“Our average initial investment is, you know, somewhere between one and three million dollars. We're currently operating out of a three hundred million dollar fund. So our initial check is less than one percent of the fund.”
Jon Callaghan Sep 6, 2017 ▶ 8:02 20VC: Why Investors Have The Biggest Problem with Bias, Why Our Job Is To Maximise Risk & Why It Is Essential To Get Good at Losing with True Ventures Founder, Jon Callaghan

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