ff Venture Capital Manages $150M With 30 Employees
“Alex Katz one of my partners here and I, we started the firm in November, 2008. And we're now, I guess in our eighth year, about 30 people, hundred and fifty million AUM.”
John Frankel Says High-Volume Seed Investing Degrades Portfolio Returns
“The problem is that doesn't lead to high returns to that portfolio. Because for, you know, every one in a thousand companies you had, you also have the other 999.”
ff Venture Capital Evaluates 3,000 Companies Annually to Invest in 15
“We look at two to 3000 companies a year and we end up investing in 15 to 20.”
John Frankel Says Good Startups Raise Capital in Any Market
“Generally good companies get funded in good or bad scenarios. Bad companies get funded in good funding markets, and sometimes bad companies pivot into being great companies.”
John Frankel Warns High Valuations Box Startups in for Future Rounds
“You can raise too much money at too high valuation, and then box yourself in for the next round.”
John Frankel Says the Best Time to Scale Capital Is Series A
“The best time to raise a lot of capital is once you've solved a lot of a problem, so you don't prematurely scale, but you scale into a business with no numbers. That's usually around about the series A to series B stage.”
John Frankel Argues Crowdfunding Is Not a Winner-Take-All Market
“It's not necessarily a winner-take-all space. You know, I've heard people describe Kickstarter as becoming the Friendstoper space, but I'm not really seduced by that argument. I think that there's room for more than one platform, and they, their models really …”
John Frankel Predicts Crowdfunding Will Yield Huge Businesses
“And I think that is a very powerful concept, and I think there'll be some very big businesses built over time. And I still think, I think we're still in like the second innings of this space.”