Matrix Partners

“But I think one of the founders of the VC, that is the metrics partners, and they give the term sheet they signed, and they took it back. Yeah, so they basically said I had a call with the founder after they signed a term sheet, and they were like, oh, I don't…”

“We were in the same batch what's interesting is that actually a bunch of investors in India are in the same batch okay who all Avneesh from Matrix Suvir from Nexus and There used to be other folks who've moved back to the US since then, but.”

“We had our first round in 2014. With Matrix. That was just a three million dollar round, and you'll be surprised to know that till the IPO, Matrix has not sold a single share. So, they sort of continued to hold to all the shares that they did in 2014, 15.”

“The first investor, you are bringing him not for valuation, right? You know, you are bringing him for validation of your business model.”

“Out of which Sequoia rejected, Matrix and Nexus were very interested. And I think Lightspeed rejected. So out of the five, three rejected, two were very interested and that's it.”

“At the end of the day, just like any other fund, we're shooting for 20 to 25% ownership”

“At least at Matrix, we have a very We really don't do any Series Bs at this point, and certainly nothing later, and so we don't have the luxury of buying up ownership over, like, four or five rounds. We're not going to really increase our ownership dramaticall…”

“And in particular, in the really early days of a startup, I actually really like having services that are deeply engaged with one or two customers because That's how you really learn whether the product's actually going to work or not work and what are the iss…”

“And to my mind, namely is the leader in that particular segment that we think is an important segment. And then if you look at the space that they're running, which is the 50 to, actually it's 20 to 2000 employees is the size range that they work in. There's r…”

“There's just no feedback loop in, in VC. You don't know if you're good at your job because, okay, you can measure yourself if you're doing deals, but you just don't know if those deals become good till five, six, seven years. And you need to do a lot of work w…”

“I've started to select very specific fields where I'm going in, instead of being very horizontal and seeing everything that comes into the door, I'm, I've become very thesis driven. So I go and look very specific vectors and I try to go and find every single c…”

“I have two investments that I've done recently that are not public yet, but I will still mention this, the SketchTech deal. It's a YC company that I spoke to earlier, and I said yes because I would have used that product. I would love to have that product when…”

“And then there's a whole host of decisions that boards weigh in on, you know, on specific initiatives or products or pricing or management, you know, all these things that I think they should probably, the board should largely stay out of and just put great pe…”

“After my partner Antonio invested in Oculus And it sold and returned a whole fund, and he led the Series A there”