Micro VC

“Specific to how we invest in, in the seed category, we define micro as sub-three hundred million, so it's a broader definition than I would say others that maybe would say that it's, you know, 50 to a 150.”

“To be meaningful on the cap table and, you know, to be You know, important to a founder that, you know, I'm really putting my money where my mouth is do fewer, but do deeper and almost behave like a micro VC. This is just my changes as the industry does change…”

“If you look back to 2012, I think by all accounts, there were probably a hundred micro VCs in the market. And you fast forward to today, and that number is over a thousand.”

“And so we looked at the numbers in terms of female VCs relative to female partners at large funds and micro VCs by numbers. Have three times as many female investors in decision-making roles as a percentage of total partners than large life cycle firms.”

“Typically for micro-receives, I'd say in industry, it's like fifty-fifty, 50% out of fund, 50% on the back end. I'd say the best funds are doing like something like three to one with three being the follow on. I'd say first round poly is doing that. Like some …”

“For us, it was about finding the people who are actually willing to make that decision by themselves. And typically, I'd say that's angels and a subset of micro VCs.”

“I think that that's great because it's the golden age for the micro VC, the golden age for accelerators and for YC because there's more money at the later stage.”

“Number one, I think we're going to see a contraction in this space. The number of active micro VCs I think is going to drop to close to a hundred to a 150 by the year, 2020.”