K9 Ventures
fund on 1 show · 14 statements across 2 episodes · said 33 times in 7 episodes since 2016
Mentions by year, every show
tap a year for its mentions
20VC 33
2021 1 mention in 1 episode
2020 24 mentions in 2 episodes 12 per episode
- 20VC: Multi-Stage Funds Investing At Seed Are Option Value Investing, Why The Biggest Enemy For Venture Firms Is Group Think and How Running Companies Changes Your Investment Mentality with Manu Kumar, Founder @ K9 Ventures
- 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
- every mention in 2020, scene by scene →
2019 1 mention in 1 episode
2017 6 mentions in 2 episodes 3 per episode
- 20VC: Accel GP, Rich Wong on When Is The Right Time To Scale A Startup, Optimising Initial vs Follow-On Investment Decision-Making & The Globalisation of VC In Recent Years
- 20VC: eShares' Henry Ward on Why Portfolio Theory Is Wrong? Why Investors Will Never Take Market Risk & Why You have To Have A Line of Sight To A $Bn Outcome
- every mention in 2017, scene by scene →
every mention on every show, scene by scene, with the transcript →
14 statements about K9 Ventures, every show
Kumar: Early-stage startups should embrace remote teams
“And so now I, when I'm talking to companies that I would invest in, I'm totally comfortable with them having remote teams. And in fact, I advocate that they should have remote teams.”
Kumar: Solo founder experience is critical for solo GPs trusting their gut
“And I think that experience of having been a solo founder is critical for me today being a solo GP, because I have to be comfortable in making a judgment call, effectively trusting my gut in a lot of cases.”
Kumar caps K9 Ventures at three to four investments annually
“So if I'm only making three or four new investments in a year, it's an incredibly tight filter to begin with.”
Kumar: K9 LPs push for concentrated, high-ownership venture portfolios
“My LPs tend to prefer a concentrated portfolio, and so most of my LPs are kind of pushing me in the other direction, which is like, go ahead and take a, take as much ownership as you can in a company, do fewer companies, and if you win with fewer companies, yo…”
Kumar: K9 Ventures will not raise valuations to chase competitive deals
“I have absolutely zero fear of missing out, and so if there's a company that is got multiple term sheets or offers even at the pre-seed stage and stuff like, I'm not going to be Chasing that deal and trying to move up in valuation in order to win that deal.”
Kumar: K9 Ventures initial check size is $400K to $600K
“My initial range used to be between 400 to 600 K as an initial investment. I would say I'm probably closer to the higher end of that range today than I was earlier, but I've still tried to keep it very stable and disciplined.”
Kumar details portfolio counts for K9 Ventures Funds I, II, and III
“Fund one had about 19 portfolio companies. Fund two had 14 portfolio companies, and I'm about a third of the way in fund three, where we have about six investments so far, and I still have several years to go before we'll go out to market for the next fund.”
Kumar: K9 Ventures operates on a five-year fund cycle
“First my investment period is five years. So I only go out to market with a new fund every five years and not every two to three years.”
Kumar: K9 Ventures shuns sector strategies for radical tech and markets
“I actually don't use a sector strategy. For me, it's really about, like, give me radically new technology and radically new market, and then let's talk about it.”
Kumar: K9 Ventures is operating on a 30-year horizon
“I think when I got into it with a thirty-year timeline.”
Kumar: K9 Ventures refuses to invest using convertible notes
“And I walk away from deals all day long based on price and structure, so I also don't do convertible notes.”
Kumar: K9 invests $400k-$500k initially and up to $4M per startup
“So my sweet spot is usually around 400 to 500,000 as an initial investment. But then I will go as high as about four million dollars into each company. So I do, I'll do 400 to 500,000 into the pre-seed. I might do 750 or a million into the seed, and then anoth…”
Kumar: I spend most portfolio support time on follow-on financing
“And that's probably what I spend most of my time on with my existing portfolio companies.”