Operator Partners
topic on 1 show · 5 statements across 2 episodes · said 6 times in 3 episodes since 2020
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20VC 6
2022 2 mentions in 2 episodes 1 per episode
- Logan Bartlett: WTF is Happening at Growth Stage Investing? | 20VC #920 · 20VC with Harry Stebbings
- 20VC: 13 of the Great Investing Minds on When to Pay Up vs When To Remain Disciplined and Walk Because the Price is too High: The Ultimate Guide to Price Sensitivity
- every mention in 2022, scene by scene →
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5 statements about Operator Partners, every show
Weinberg: Operator Partners targets at least 2x next-round valuation step-ups
“We're looking for things where the multiple on the next round, not because I care about the markup at all, but because it shows Real growth and real value creation is more than like two X, let's call it as a baseline. So if I'm going to fund a company at a 10 …”
Weinberg: Founders should sell under 5% of equity in secondary sales
“For the founder, I encourage them to take enough money off the table that they're comfortable taking a big swing at a bigger outcome. And for some people, just to put some numbers against it, some people, that's a million dollars. Because remember, you're goin…”
Weinberg: Operator Partners almost never sells equity in secondary transactions
“So to be clear, we won't sell. It's just sometimes we may not buy. The prorata. But we're basically never selling in a secondary.”
Weinberg: Operator Partners exercises Series A pro-rata rights 100% of the time
“For now, what we're generally saying is if the Series A Is getting done and it's getting done at a price that we feel like is reasonable for the business, which most of them are, by the way, that's 80, 90%. Then a hundred percent of the time we're going to par…”
Weinberg: Seed investments must project at least a 2x Series A step-up
“And we're looking for things where the multiple on the next round, not because I care about the markup at all, but because it shows Real growth and real value creation is more than like two X, let's call it as a baseline. So if I'm going to fund a company at a…”